Business & Finance | Express Digest

Tesla to lay off more than 6,000 staff as Elon Musk’s electric dream hits the skids

By Leah Montebello Updated: 22:13 BST, 23 April 2024 Tesla last night suffered its biggest drop in revenues for more than a decade as demand [...]

Share sell-off to end ‘sorry tale’, says NatWest chairman

By John-Paul Ford Rojas Updated: 22:13 BST, 23 April 2024 The chairman of Natwest has declared it is ready to bring an end to the [...]

Ithaca Energy to join forces with Italian oil major in £750m deal

By Daily Mail City & Finance Reporter Updated: 22:12 BST, 23 April 2024 Tie-up: Ithaca Energy has agreed to buy most of the upstream oil [...]

THG sales accelerate amid strong demand for beauty products

THG revealed that continuing turnover increased by 4.5% in the first quarterRevenue from the company's beauty business expanded by 11.1% to £267.6mBy Harry Wise Updated: [...]

Our freeloading friends always wriggle out of paying their fair share of our joint holiday. Should we confront them? Money psychotherapist VICKY REYNAL replies

By Vicky Reynal Updated: 12:09 BST, 23 April 2024 Dear Vicky,We go on holiday every year with four other couples and their kids to a [...]

JD Sports to buy US sportswear retailer Hibbett for £899m

JD Sports has agreed to pay $87.50 per share to buy Alabama-based HibbettThe company has embarked on an extensive acquisition spree in recent yearsBy Harry [...]

BUSINESS LIVE: UK borrowing soars; JD Sports buys Hibbett; ABF eyes ‘significant growth’

By Live Commentary Updated: 08:00 BST, 23 April 2024 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]

Footsie hits a record as Investors eye lower interest rates in UK

By Hugo Duncan Updated: 22:03 BST, 22 April 2024 The FTSE 100 closed at an all-time high yesterday as easing tensions in the Middle East [...]

Takeovers leave UK stock market facing ‘death by a thousand cuts’

By Leah Montebello Updated: 22:03 BST, 22 April 2024 The London stock market is facing ‘death by a thousand cuts’ as two more FTSE 250 [...]

Royal Mail steps up defence in bid battle with ‘Czech Sphinx’ billionaire

By Jessica Clark Updated: 22:03 BST, 22 April 2024 Takeover battle: Royal mail wants permission to cut second class deliveriesRoyal Mail has urged regulators to [...]

Hornby sales slump as model train maker is hit by Red Sea delays

By Daily Mail City & Finance Reporter Updated: 22:03 BST, 22 April 2024 Off the rails: Hornby said sales over the first three months of [...]

CVC Capital Partners’ float to hand private equity tycoon £130m

By John-Paul Ford Rojas Updated: 22:03 BST, 22 April 2024 CVC Capital Partners' co-founder could be in line for a £130million pay day when the [...]

Grindr faces lawsuit over claims it shared HIV data with advertisers

By Daily Mail City & Finance Reporter Updated: 22:03 BST, 22 April 2024 Legal fight: Gay dating app Grindr is accused of sharing sensitive details [...]

Convicted rate-rigger Tom Hayes in fresh appeal as he fights to clear his name

By Daily Mail City & Finance Reporter Updated: 22:03 BST, 22 April 2024 Appeal: Former Citigroup and UBS trader Tom Hayes was jailed for manipulating benchmark [...]

legal battle turns ugly at Revolution Beauty after former investor accuses it of deceit

By Daily Mail City & Finance Reporter Updated: 22:03 BST, 22 April 2024 Losses: Chrysalis Investments accused Revolution Beauty of 'deceit, negligent misstatement and/or misrepresentation'One [...]

Struggling Asda promises to cut £3.8bn debt pile

By Emily Hawkins Updated: 22:03 BST, 22 April 2024 Asda vowed to cut its £3.8billion debt pile even as it was hit by a slowdown [...]

Hipgnosis shares surge after group receives Blackstone counter offer

Hipgnosis shares were 11% higher during the early afternoon on MondayThe firm owns the back catalogues of Blondie, Shakira and Dave StewartBy Harry Wise Updated: [...]

Tyman agrees £788m takeover by US-based Quanex

Tyman to become the latest firm to delist after US takeover By Daniel Fessahaye Updated: 13:41 BST, 22 April 2024 Tyman saw its shares skyrocket on [...]

Mobico Group finance boss to exit amid German rail accounting issues

James Stamp will be replaced by Helen Cowing, who used to be Fat Face's CFOMobico delayed publishing its 2024 results twice due to accounting issuesBy Harry [...]

Boss of vape company Chill Brands suspended over ‘use of inside information’ allegations

By Mike Sheen Updated: 09:43 BST, 22 April 2024 The chief executive of vape maker Chill Brands has been suspended amid allegations regarding the use [...]

Heat pumps way behind target as experts say high prices put people off

More households are choosing heat pumps, with Government grants helpingBut installations will need to rise fast to meet targets of 600,000 a year by 2028 By [...]

Royal Mail to hold fresh talks with investors as ‘Czech Sphinx’ plots another bid for postal service

Bosses understood to be in regular talks about Daniel Kretinsky's approachOne of the top shareholders, Redwheel, broke cover to oppose the offerRoyal Mail rejected the [...]

Tesco chief executive Ken Murphy in line for record-breaking £10m pay day this year

By Jessica Clark Updated: 21:50 BST, 21 April 2024 Bumper deal: Tesco boss Ken MurphyThe chief executive of Tesco is in line for a record-breaking £10m [...]

Hipgnosis shares in spotlight after bidding war breaks out for music rights fund

By City & Finance Reporter Updated: 21:50 BST, 21 April 2024 On song: Hipgnosis owns the back catalogue of stars such as Shakira (pictured)Shares in Hipgnosis [...]

CITY WHISPERS: Did Alexa Chung get too big for her designer boots?

By Mark Shapland and Patrick Tooher Updated: 14:11 BST, 21 April 2024 Alexa Chung: Six million followers on InstagramFashion followers will remember that model and [...]

You shouldn’t bank on an inheritance windfall: Many people discover they will get nothing, research discovers

By Lucy Evans Updated: 13:27 BST, 21 April 2024 Millions are making plans around an inheritance they will never receive, research by will writing service [...]

Supermarket giant Asda returns to profit, as backer Zuber Issa prepares to sell to TDR

By Patrick Tooher Updated: 12:28 BST, 21 April 2024 Asda has returned to profit, figures out tomorrow will show.The supermarket chain is set to report [...]

Almost half Nationwide members back £2.9bn merger with Virgin Money, finds poll

By Jessica Clark Updated: 12:03 BST, 21 April 2024 Research carried out by Nationwide Building Society showed that 44 per cent of its members are [...]

William Hill owner 888 faces £100m legal bill as Austria gamble backfires

By Leah Montebello Updated: 11:51 BST, 21 April 2024 William owner 888 has set aside more than £100 million for possible legal action as bosses [...]

Suitors from world’s leading fashion companies try bootmaker Dr Martens on for size

By Mark Shapland Updated: 11:41 BST, 21 April 2024 Dr Martens is being circled by some of the world's leading fashion companies and could be [...]

MIDAS SHARE TIPS UPDATE: Is Ceres rollercoaster about to climb again?

By Rosie Murray-west Updated: 10:32 BST, 21 April 2024 The world's attempt to transition to green energy has been a rollercoaster ride so far, and [...]

Financial Literacy for Millennials: Essential Tips for Managing Finances in a Challenging Economy

In today's fast-paced and ever-changing economic landscape, financial literacy has become more crucial than ever, especially for millennials. As this generation faces unique financial challenges [...]

SHARE OF THE WEEK: Wall Street investors looking for reassurance when Tesla unveils its first-quarter figures

By City & Finance Reporter Updated: 21:58 BST, 19 April 2024 After a bumpy few weeks for Tesla, Wall Street investors will be looking for [...]

INVESTING EXPLAINED: What you need to know about cocoa and why we are reading so much about its price

By City & Finance Reporter Updated: 21:56 BST, 19 April 2024 In this series, we bust the jargon and explain a popular investing term or [...]

Volvo’s screen folly: New EX30 compact crossover lacks a dashboard behind the steering wheel, says RAY MASSEY

By Ray Massey Updated: 21:52 BST, 19 April 2024 It's hard not to like Volvo's new EX30 compact crossover, its smallest SUV. And I did, [...]

Retail sales ground to a halt last month as shoppers turned their backs on department stores due to rising prices

By Leah Montebello Updated: 21:54 BST, 19 April 2024 Retail sales ground to a halt last month as shoppers turned their backs on department stores [...]