Business & Finance | Express Digest

Power supply firm XP Power shares soar 50% after it becomes bid target

By Daily Mail City & Finance Reporter Updated: 22:00 BST, 21 May 2024 XP Power revealed it has turned down three offers from US rival [...]

Davos forum founder Klaus Schwab to stand down after more than five decades

By Daily Mail City & Finance Reporter Updated: 22:00 BST, 21 May 2024 Stepping down: World Economic Forum founder Klaus Schwab held the first event in [...]

Don’t lose your child benefit: Millions to be sent reminder letter from HMRC this week

By Adele Cooke Updated: 22:00 BST, 21 May 2024 Don't ignore: More than 1.4 million parents will receive a reminder to renew their child benefit [...]

Lidl trumps Aldi in the battle for bargain hunters with sales up almost 10% on last year

By Emily Hawkins Updated: 22:00 BST, 21 May 2024 Taking the cake: Lidl sales in the three months to May 12 were 9.4% higher than [...]

Tesla investors try to slam the brakes on Musk’s record £44bn payday

By Daily Mail City & Finance Reporter Updated: 22:00 BST, 21 May 2024 Outcry: Tesla boss Elon Musk is in line for a record £44bn [...]

Bitcoin and other cryptos rally as investors eye US regulator’s spot ether ETF decision

Bitcoin stood at $70,458.81 on Tuesday after rising 5.5% in the prior 24 hoursThe world's biggest virtual currency has climbed by over half since January By [...]

Screwfix owner Kingfisher suffers ‘big-ticket’ spending crunch

Kingfisher's turnover rose by just 0.3% at constant currency levels to £3.3bnIn the UK and Ireland, the Screwfix owner's revenue grew by 2.7% to £1.63bnBy [...]

CVS sells Dutch and Irish vet businesses for just €2

Loss making Dutch and Irish businesses told to director for £1.71Investors are awaiting updates on April cyber attack and March CMA probe By Mike Sheen Updated: [...]

AstraZeneca targets $80bn in yearly revenues by 2030

Britain's largest pharmaceutical business achieved $45.8bn in turnover last yearAstraZeneca now wants to boost annual turnover by an additional 75% by 2030By Harry Wise Updated: [...]

Nationwide doubles its maximum personal loan to £50k – how does it compare to other big banks?

Nationwide has doubled its maximum loan to £50,000 from £25,000Over five years, the APR would be 8.9%We look at how the new loan compares to [...]

Sajid Javid eyes job at Shein as the Chinese fast fashion giant prepares for London listing

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 20 May 2024 Hiring: Former Chancellor Sajid Javid held talks with Chinese fashion giant SheinShein [...]

Now video game giant is buyout target: £2bn deal for London-listed firm

By Jessica Clark Updated: 22:01 BST, 20 May 2024 A video game firm has become the latest London-listed company to be targeted by foreign buyers.Keywords [...]

Bank sets the scene for summer rate cuts as deputy governor defends its handling of the inflation crisis

By John-Paul Ford Rojas Updated: 22:00 BST, 20 May 2024 The Bank of England’s deputy governor Ben Broadbent yesterday said an interest rate cut is [...]

Top investor throws weight behind Anglo American break-up plan

By Daily Mail City & Finance Reporter Updated: 22:00 BST, 20 May 2024 Restructuring: Anglo American is fighting off a takeover by its Australian rival [...]

Legal firm Knights Group predicts double-digit profit growth

Knights Group said its underlying pre-tax profits are set to grow to at least £25mIt also predicts net debt increasing by about £6m to £35.2m [...]

Keywords Studios eyes £2.2bn takeover by Swedish private equity giant EQT

Keywords has received a £35.50 per share offer from private equity firm EQTEQT now has until 5pm on 15 June to declare a concrete offer [...]

Who would qualify for a £100 Nationwide loyalty bonus payment?

Nationwide could announce another loyalty bonus this week Members had to have current account and at least £100 in savings or £100 left on a mortgage to [...]

AstraZeneca to construct $1.5bn cancer drugs facility in Singapore

AstraZeneca said the intended site will begin design and construction this yearIt will be the FTSE 100 company's first ever end-to-end ADC production facility By Harry [...]

BUSINESS LIVE: Ryanair profits soar; AstraZeneca builds Singapore facility; British Land sells Meadowhall stake

By Live Commentary Updated: 08:08 BST, 20 May 2024 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]

Top industrialist Sir Jim Ratcliffe blames high taxes for ‘killing’ business

Sir Jim takes swipe at Conservatives' economic strategy Country 'does need to get a bit sharper' on businessBillionaire claims hefty taxes will 'kill off' oil and [...]

Australian miner looking to buy Anglo American set to decide if it is willing to up its £34bn offer

By Emily Hawkins Updated: 21:50 BST, 19 May 2024 The Australian miner looking to buy Anglo American will this week decide if it is willing [...]

Cadbury owner Mondelez to face scrutiny over selling chocolate in Russia at its AGM

By City & Finance Reporter Updated: 21:50 BST, 19 May 2024 Holding firm: Mondelez boss Dirk Van de PutCadbury owner Mondelez will face scrutiny over selling [...]

RUTH SUNDERLAND: Stop cynical Royal Mail bid

By Ruth Sunderland for the Daily Mail Updated: 21:50 BST, 19 May 2024 Daniel Kretinsky, the Czech Sphinx who wants to take over Royal Mail, [...]

Coca-Cola HBC’s boss pocketed more than £320,000 in ‘cost of living’ benefits last year as part of his £4.4m package

By Francesca Washtell Updated: 21:52 BST, 18 May 2024 Coca-Cola HBC's boss pocketed more than £320,000 in 'cost of living' benefits last year as part [...]

Sales at Bloomsbury soar thanks to the craze for ‘romantasy’ novels

By Leah Montebello Updated: 21:51 BST, 18 May 2024 Trend setter: Author Sarah J MaasSales at Bloomsbury have soared thanks to the craze for 'romantasy' [...]

Nationwide members pocket £350m loyalty bonus

Building society last year gave some 3.3m customers £100 eachLatest payout could be more because profits buoyed by higher interest ratesNationwide wants to capitalise on [...]

It makes a £2 billion profit selling garments from just £3.39! How does Shein do it?

By Anne Ashworth Updated: 21:50 BST, 18 May 2024 On a roll: Shein has disrupted fast fashion in Europe and the US – its largest marketAs [...]

CITY WHISPERS: Boss Cook-ing up a big sparkler to woo De Beers buyers

By Francesca Washtell Updated: 21:50 BST, 18 May 2024 De Beers boss Al Cook is in for one of the most high-pressure weeks of his [...]

St James’s Place facing humiliating exit from FTSE 100

By Patrick Tooher Updated: 21:50 BST, 18 May 2024 Britain's biggest wealth manager faces a humiliating exit from the FTSE 100 index of top companies.Shares [...]

Pressure on IMF to change gloomy forecast as Britain bounces back

By John-Paul Ford Rojas Updated: 21:50 BST, 18 May 2024 Under pressure: IMF boss Kristalina GeorgievaThe International Monetary Fund (IMF) will this week come under [...]

RAY MASSEY: My four top tips when buying a second-hand car

By Ray Massey Updated: 07:18 BST, 18 May 2024 The second-hand car market is booming, with roaring sales and more choice than ever.Nearly two million [...]

Thames Water is worthless: That’s the verdict of its biggest investor

By Leah Montebello Updated: 21:58 BST, 17 May 2024 Thames Water's biggest shareholder has slashed the value of its stake to zero as the crisis [...]

Royal Mail expected to post losses of almost £1m a day as its takeover by Czech billionaire hangs in balance

By Leah Montebello Updated: 21:51 BST, 17 May 2024 Royal Mail is expected to post losses of almost £1m a day as its takeover by [...]

Cartier owner Richemont is latest luxury goods group to be hit by slowdown in demand

By City & Finance Reporter Updated: 21:51 BST, 17 May 2024 Cartier owner Richemont is the latest luxury goods group to be hit by a [...]

Tesla’s chairman dismisses as ‘c**p’ claims she is too close to Elon Musk as his £44bn pay deal hangs in balance

By City & Finance Reporter Updated: 21:51 BST, 17 May 2024 Tesla's chairman has dismissed as 'c**p' claims she is too close to Elon Musk [...]

SHARE OF THE WEEK: Investors hoping Marks & Spencer can continue its dazzling recovery

By City & Finance Reporter Updated: 21:50 BST, 17 May 2024 Investors will be hoping Marks & Spencer can continue its dazzling recovery.Boss Stuart Machin [...]