Business & Finance | Express Digest

Trainline shares steam ahead as it doubles profits amid European expansion

By Angharad Carrick Updated: 10:47 BST, 3 May 2024 Trainline shares soared on Friday after it reported it had doubled its profits in the last [...]

Diageo appoints Nik Jhangiani as next finance boss

Nik Jhangiani is the chief financial officer at Coca-Cola Europacific PartnersHe replaces Lavanya Chandrashekar, who's been Diageo's CFO since July 2021 In the final six months [...]

BUSINESS LIVE: IHG’s first-quarter revenues rise; Diageo appoints new finance boss; Trainline doubles profits

By Harry Wise Updated: 08:06 BST, 3 May 2024 Among the companies with reports and trading updates today are Intercontinental Hotels Group, Diageo, Young's, Future, [...]

Apple reports 4% fall in quarterly sales as it suffers downturn in China

By Daily Mail City & Finance Reporter Updated: 22:09 BST, 2 May 2024 Sales slump: Apple's revenues for the three months to the end of [...]

BHP boss in South Africa to drum up support for takeover of rival Anglo American

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 2 May 2024 Takeover talks: BHP chief exec Mike HenryThe boss of BHP flew to [...]

Russian energy giant Gazprom sees gas sales more than halve in fallout from war in Ukraine

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 2 May 2024 Slump: Gazprom lost £5.5bn last year as sales to Europe more than [...]

Novo Nordisk can’t keep up with demand as sales of its weight-loss drugs soar

By Emily Hawkins Updated: 22:01 BST, 2 May 2024 Pharma giant Novo Nordisk has seen the booming demand for its weight loss drugs outstrip supply.The [...]

Lords call in FCA chief Nikhil Rathi over plan to ‘name and shame’ firms it is investigating

By John-Paul Ford Rojas Updated: 22:01 BST, 2 May 2024 The City watchdog’s boss Nikhil Rathi is under increasing pressure over plans to ‘name and [...]

Tiktok and Universal settle dispute over royalties and AI-generated music

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 2 May 2024 Hits: Universal controls a third of the world's songs, including tracks by [...]

Peloton boss Barry McCarthy throws in the towel as fitness firm plans to cut 15% of staff

By Daily Mail City & Finance Reporter Updated: 22:00 BST, 2 May 2024 On yer bike: Peloton boss Barry McCarthy has stepped down after two [...]

Major mortgage lender ups rates for second time this week – after big rivals hike too

Santander is upping fixed rates from tomorrow for second time this weekFixed rate deals will be rising by up to 26 basis points It follows similar [...]

Hiscox reports rise in premiums – but warns of ‘moderate’ loss from fallout of Baltimore Bridge crash

By Angharad Carrick Updated: 09:37 BST, 2 May 2024 Hiscox reported a rise in written premiums in the first quarter but warned of a 'moderate' [...]

Standard Chartered beats profit estimates as higher interest rates boost income

By Angharad Carrick Updated: 09:08 BST, 2 May 2024 Standard Chartered posted higher-than-expected profits after a boost to income from higher interest rates and a [...]

BUSINESS LIVE: Shell beats forecasts; Fed holds interest rates; Standard Chartered buoyed by higher interest rates

By This Is Money Updated: 07:58 BST, 2 May 2024 Among the companies with reports and trading updates today are Shell, Standard Chartered, Melrose Industries [...]

Philanthropy Genius Strategy for Fostering Social Entrepreneurship

Philanthropy Yaşam Ayavefe, a visionary entrepreneur and generous businessman, has been making waves in the realm of social entrepreneurship with his innovative strategies and impactful [...]

US drugs giant Pfizer posts a drop in sales in a post-Covid vaccine slump

By Daily Mail City & Finance Reporter Updated: 22:25 BST, 1 May 2024 Covid hangover: Pfizer reported revenues of £11.9bn for the first three months [...]

Pandol and Advil maker Haleon hurt by milder flu season

By Daily Mail City & Finance Reporter Updated: 22:24 BST, 1 May 2024 Sales down: Haleon has sold fewer products this yearPanadol and Advil maker [...]

US Federal Reserve forced to calm fears over rate hikes

By John-Paul Ford Rojas Updated: 22:23 BST, 1 May 2024 Inflation fight: US Federal Reserve chief Jerome Powell (pictured) Federal Reserve chief Jerome Powell was last [...]

Smith & Nephew rocked as 43% of investors rebel over fat cat pay

By Jessica Clark Updated: 22:22 BST, 1 May 2024 Medical equipment maker Smith & Nephew has been rocked by a shareholder revolt over proposals to [...]

Mulberry sales plunge as slower demand casts a shadow over the luxury industry

By Daily Mail City & Finance Reporter Updated: 22:22 BST, 1 May 2024 Mulberry sales fell fell 4% over the year to March 30 as [...]

I’m ‘very well paid’, says Glaxo boss Emma Walmsley

By Daily Mail City & Finance Reporter Updated: 22:20 BST, 1 May 2024 No complaints: Dame Emma Walmsley (pictured) earned £12.7m in 202The boss of [...]

Fresh blow for City as Flutter votes to move main listing to New York

By Leah Montebello Updated: 22:19 BST, 1 May 2024 Bets off: Gambling giant Flutter, which owns brands such as Betfair, Fanduel and Poker Stars, will [...]

Booming Next closes in on £1bn profit milestone with sales set to rise 2.5% this year

By Emily Hawkins Updated: 22:14 BST, 1 May 2024 Next sales have soared this year so far as Lord Wolfson steers the fashion brand towards [...]

Customers are shying away from big ticket purchases, says Wickes

The home improvement retailer was previously owned by Travis PerkinsWickes' like-for-like sales declined by 4.2% in the 16 weeks ending 20 AprilBy Harry Wise Updated: [...]

The best investment of last year? Premium Bond saver wins £100k from £100 bond – check all the winners

By Helen Kirrane Updated: 14:02 BST, 1 May 2024 A Premim Bonds holder has scooped a £100,000 prize in May’s prize draw from a £100 [...]

Next upholds full-year forecast following strong sales

Next reported full-price sales grew by 5.7% for the 13 weeks ending April 27The fashion brand's trading was driven by online revenues jumping by 8.8%By [...]

Some three in five motorists feel they have been overcharged at the garage

By Adele Cooke Updated: 23:20 BST, 30 April 2024 Risk: More than one in four motorists say they would rather drive a car in poor [...]

Amazon booms on AI bonanza: Tech titan rakes in sales of £1.25bn a day

By Emily Hawkins Updated: 23:15 BST, 30 April 2024 AI boom: Amazon said revenues hit £115bn in the first three months of 2024Amazon raked in [...]

Anglo American in crisis talks with shareholders over £31bn BHP bid

By Jessica Clark Updated: 23:14 BST, 30 April 2024 Anglo American’s chairman has vowed to meet with shareholders to discuss a looming takeover battle for [...]

Car makers post a slump in profits amid weak demand for electric vehicles

By Leah Montebello Updated: 23:10 BST, 30 April 2024 Leading European car makers have posted a slump in profits as demand for electric vehicles (EVs) [...]

Oil firm Deltic Energy slams ‘hostile political environment’

By Daily Mail City & Finance Reporter Updated: 23:09 BST, 30 April 2024 Uncertain future: Deltic Energy has lashed out at the UK's 'hostile political [...]

Paramount boss Bob Bakish ousted after boardroom row amid talks of a takeover

By Daily Mail City & Finance Reporter Updated: 23:08 BST, 30 April 2024 Blockbuster: Tom Cruise in Top Gun: MaverickThe media titan behind The Godfather, [...]

Duke of Westminster’s property company Grosvenor to pay £50m dividend

By Daily Mail City & Finance Reporter Updated: 23:06 BST, 30 April 2024 Property empire: Hugh Grosvenor, the Duke of WestminsterThe Duke of West- minster’s [...]

Royal Mail boss blasts ministers for dithering over urgent reforms

By Jessica Clark Updated: 23:05 BST, 30 April 2024 Cost cutting: Royal Mail’s owner IDS is calling on Ofcom to speed up a review and [...]

UK pessimists ‘in retreat’ as business confidence and mortgage lending bounce back

By Hugo Duncan Updated: 23:04 BST, 30 April 2024 Pessimism about the economy is ‘in retreat’ as business confidence returns and mortgage lending bounces back.In [...]

Terrace trainers loved by Rishi Sunak and Keir Starmer put spring in the step at Adidas

By Daily Mail City & Finance Reporter Updated: 23:03 BST, 30 April 2024 Classics: Adidas said its Samba and Gazelle designs are flying off the [...]