Business & Finance | Express Digest

Cuts to North Sea oil and gas investment weigh on Britain’s production sector

Production output falls as oil and gas extraction hits mining subsector North Sea energy firms have reportedly been cutting back on investment Introduced in 2022, the UK [...]

UK wage slowdown bolsters hopes of interest rate cuts

By John-Paul Ford Rojas Updated: 23:33 GMT, 12 March 2024 Hopes of a Bank of England interest rate cut were boosted yesterday after figures showed [...]

British American Tobacco set for £700m buyback as it sells parts of its stake in Indian cigarette giant

By Leah Montebello Updated: 23:32 GMT, 12 March 2024 Coughing up: British American Tobacco is launching a share buybackBritish American Tobacco is launching a share [...]

Morrisons posts £1bn loss as debt payments soar following private equity takeover

By Mark Shapland Updated: 23:29 GMT, 12 March 2024 Morrisons has clocked up a fresh £1billion loss as it continues to struggle under private equity [...]

ICap plots data spin-off to boost ailing shares

By Daily Mail City & Finance Reporter Updated: 23:27 GMT, 12 March 2024 Lending a hand: Joan Collins at a TP ICAP charity eventTP ICAP could [...]

Predictions for the Canadian Real Estate Market: Are Price Reductions on the Horizon?

Expanding on the Canadian housing market analysis requires a deeper dive into its intricate dynamics, shedding light on the underlying factors that shape its current [...]

What Tax Credits Are Available for Corporations?

Navigating the complex world of corporate taxation can be a challenging task for any business. Grasping opportunities for tax credits is an essential aspect of [...]

Empty houses to pay double council tax after a year in second home crackdown

Government tweaks to council tax mean some homes will pay more, and soonerBut those who inherit homes will get a year before being double-taxed By Sam [...]

FirstGroup lifts profit expectations thanks to open access rail performance

FirstGroup owns the open-access rail operators Hull Trains and Lumo The firm said its open access operations were enjoying healthy demandBy Harry Wise Updated: 16:13 GMT, [...]

Regional REIT shares plummet as property trust weighs raising cash from investors at ‘material discount’

Regional REIT faces looming maturity date for £50million of retail bonds Its loan-to-value ratio stands at more than 55%, above target of 40% By Mike Sheen Updated: [...]

Persimmon profits dive on fewer new-builds and rising costs

The FTSE 100 company reported pre-tax profits plunged to £351.8m in 2023 Mortgage rates started spiking in 2022 when the BoE kept hiking the base rate By [...]

Superdry in talks with lender to secure an additional £20m of liquidity to fund turnaround plan

Retailer in talks with turnaround specialist Hilco amid weak demand By Mike Sheen Updated: 09:57 GMT, 12 March 2024 Superdry is seeking an additional £20million of [...]

Electric cars have up to a third less range than advertised in real-life conditions, investigation finds

The battery life of the cars tested was on average 29.9% less than advertised By Olivia Christie Updated: 08:40 GMT, 12 March 2024 Electric cars have [...]

Let Nationwide members vote on Virgin Money bid, says Tory peer Baroness Altmann

By Calum Muirhead Updated: 08:08 GMT, 12 March 2024 Former pensions minister Baroness Altmann (pictured) says Nationwide's members should be able to vote on the [...]

Imperial Brands kicks off second phase of its £1.1bn buyback as it tries to sweeten investors

By Daily Mail City & Finance Reporter Updated: 01:54 GMT, 12 March 2024 Buyback: Imperial Brands said it will repurchase up to £550m of shares [...]

Halloween sets pulses racing at Ann Summers as customers flock to new stores

By Daily Mail City & Finance Reporter Updated: 22:23 GMT, 11 March 2024 Sales up: Ann Summers has brand ambassadors such as model Maura Higgins,(pictured)Ann [...]

Artificial Intelligence in the office is proving as unpopular as the morning commute

By Daily Mail City & Finance Reporter Updated: 22:22 GMT, 11 March 2024 Artificial Intelligence tools are not saving workers any time and have become [...]

Japan eyes first interest rate hike since 2007 after narrowly avoiding recession

By Daily Mail City & Finance Reporter Updated: 22:21 GMT, 11 March 2024 Japan could be on the verge of raising interest rates out of [...]

Vanquis shares slump as FCA motor finance probe ups costs

Vanquis expects an adjusted RoTE in the low single digits for the current yearIt follows high levels of complaints connected with an FCA motor finance [...]

Hornby acquires Corgi Model Club in deal worth up to £600,000

It has paid £400,000 for existing stock from CMCThis stock will be sold directly to Hornby customersThere will also be an additional consideration of around [...]

Quirky converted Warwickshire mill turned four-bed home called Bouncing Bess is for sale for £1.95m

Converted mill in Warwickshire village of Rowington is for sale for £1.95mProperty known as 'Bouncing Bess' and was transformed into a home in 1970s By Myra [...]

FCA gives green light to crypto-backed ETN

LSEG says it will start offering ETNs to professional investors from Q2By Daniel Fessahaye Published: 13:57 GMT, 11 March 2024 | Updated: 13:57 GMT, 11 [...]

Apax Partners offer for consultancy Kin & Carta lapses

Apax Partners made a £203m takeover approach last October for Kin & CartaDigital services provider Valtech came out in December with a £239m dealBy Harry [...]

The great shares I’d put in a British Isa: RUTH SUNDERLAND

By Ruth Sunderland for the Daily Mail Published: 21:50 GMT, 10 March 2024 | Updated: 13:39 GMT, 11 March 2024 Poor old Jeremy Hunt. As [...]

Elliott Advisors ends takeover pursuit of Currys after two rejected bids

Elliott had takeover offers worth c.£682m and £750m turned down by CurrysMajor Currys investor JO Hambro suggested the firm hold out for at least £1bnBy [...]

Marston’s chair exits to join British Land board

William Rucker will leave his role at the pub group on 8 July, 2024 By Daniel Fessahaye Published: 10:17 GMT, 11 March 2024 | Updated: 10:17 GMT, [...]

Bitcoin price smashes through record highs and nears the $72k mark

Bitcoin up 3% in early trading to $71,172, adding more than 60% so far in 2024The Fed is expected to cut its key target rate [...]

BUSINESS LIVE: Bitcoin soars through $70,000; Elliott drops out of Currys takeover; Marston’s chair joins British Land

By Live Commentary Published: 07:48 GMT, 11 March 2024 | Updated: 08:07 GMT, 11 March 2024 The FTSE 100 will open at 8am. Among the [...]

John Lewis chairman Sharon White hints job cuts loom despite hopes for return to profit

By City & Finance Reporter Published: 21:50 GMT, 10 March 2024 | Updated: 21:50 GMT, 10 March 2024 'Bold changes': John Lewis boss Sharon WhiteJohn [...]

M&S boss Archie Norman says interest rate hikes were ‘totally ineffective’

By City & Finance Reporter Published: 21:50 GMT, 10 March 2024 | Updated: 21:50 GMT, 10 March 2024 Criticism: M&S chairman Archie NormanMarks & Spencer [...]

Scrapping ‘pernicious’ tax on buying shares would help revive Britain’s flailing stock market

Investors pay 0.5% in stamp duty on price of London-listed shares they buy Tax set to raise £3.2bn this year and £23.7bn between now and 2028-29 Other [...]

Direct Line boss Adam Winslow bets on tech to repel predators

By Francesca Washtell Published: 21:51 GMT, 9 March 2024 | Updated: 22:01 GMT, 9 March 2024 The boss of insurer Direct Line plans to launch [...]

Understanding TOAD’s Tokenomics: A Guide for Investors

In the ever-evolving world of cryptocurrencies, investors must delve deep into the tokenomics of any project they are considering. Tokenomics refers to the economic aspects [...]

Scottish Mortgage backs calls to scrap ‘bizarre’ EU rules on investment trusts that risk harming millions of British savers

By Calum Muirhead Published: 21:52 GMT, 9 March 2024 | Updated: 21:52 GMT, 9 March 2024 One of the UK's most popular investment trusts is [...]

CITY WHISPERS: Are Hipgnosis investors set for an Easter rinsing?

By Calum Muirhead Published: 21:52 GMT, 9 March 2024 | Updated: 21:52 GMT, 9 March 2024 Things are getting ever more discordant for investors in [...]

Beancounters and ad men boost Brexit Britain

By Patrick Tooher Published: 21:52 GMT, 9 March 2024 | Updated: 21:52 GMT, 9 March 2024 Britain's Budget watchdog has hailed the success of services [...]