Business & Finance | Express Digest

Monzo’s £4bn valuation woe: Digital bank not worth much more than it was three years ago

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 20 February 2024 Funding: Digital bank Monzo is set to finalise a deal in the next [...]

Superdry soars 17% on reports US investor is in talks to buy the troubled fashion chain

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 20 February 2024 Troubles: Fashion chain Superdry employs about 3,350 people across the worldShares in Superdry [...]

BUSINESS LIVE: Barclays overhaul; IHG’s profits top $1bn; CMA baby formula probe

By Live Commentary Updated: 17:17 GMT, 20 February 2024 The FTSE 100 closed down 9.29 points at 7719.21. Among the companies with reports and trading [...]

Nightcap shares slump as takeover is overshadowed by bar group’s weak start to the year

The bar operator was co-founded by former Dragons Den star Sarah WillinghamNightcap said trading had been 'far softer' than anticipated since the year beganBy Harry [...]

Competition watchdog to probe baby formula market as costs soar

CMA: Baby formula prices jumped by 25% between March 2021 and April 2023Sarah Cardell, the CMA's CEO, noted prices remain at 'historically high' levelsDanone currently [...]

Plus500 reveals £140m in shareholder payouts as profits smash forecasts

FTSE 250-listed Israeli firm reported shareholder payouts worth $175m (£139m)These were in buybacks and dividends after beating annual profit expectationsBy Daniel Fessahaye Updated: 11:58 GMT, [...]

EV drivers charge for FREE with new Octopus tariff – but only if they have one of these three car models

Energy firm Octopus says drivers can get free charging with its Power Pack dealBut the deal has strings attached, including a shortage of compatible carsBy [...]

Eurostar faces backlash as passengers hit by half-term strikes struggle to get refunds

By Daily Mail City & Finance Reporter Updated: 22:09 GMT, 19 February 2024 Refunds: Eurostar services over half term were hit by French railway worker [...]

Aldi fires up price war with fresh round of reductions on fruit and vegetables

By Emily Hawkins Updated: 22:09 GMT, 19 February 2024 Price cuts: Shoppers have switched to the discounters Aldi and Lidl in droves to make their [...]

Bank of England is crushing economy, says former chief economist Andy Haldane

By John-Paul Ford Rojas Updated: 22:01 GMT, 19 February 2024 The Bank of England risks ‘crushing’ the economy if it fails to cut interest rates [...]

Moneysupermarket rakes in record revenues as households search for cheaper insurance

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 19 February 2024 Sales up: Moneysupermarket's adverts feature actress Judi Dench (pictured)Moneysupermarket raked in record [...]

Valentine’s Day boost leaves Perfume Shop smelling like roses as sales surge 18% on 2023 levels

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 19 February 2024 Top seller: Carolina Herrera Good Girl is advertised by model Karlie Kloss [...]

London Stock Exchange to double boss’s pay to £11m amid concerns City talent is being poached by US rivals

By Jessica Clark Updated: 22:00 GMT, 19 February 2024 Windfall: David Schwimmer (pictured), boss of the London Stock Exchange Group, looks set to get a [...]

AstraZeneca shares rise on US approval of lung cancer treatment

Tagrisso sales increased by 9% at constant exchange rates to $5.8bn last yearIn 2023, the drug was AstraZeneca's highest-selling product behind FarxigaBy Harry Wise Updated: [...]

Currys shares skyrocket as JD.com considers bid for struggling retailer

JD.com said it was in the 'very preliminary stages' of considering a takeover bid Founded in 2004, JD.com is one of China's two main e-commerce retailersCurrys [...]

Hipgnosis Songs Fund launches High Court claim against investment adviser and former CEO

The firm intends to bring a 'Part 20 Claim in the High Court'This is to seek 'full indemnity' from both HSM and MercuriadisBy Daniel Fessahaye [...]

Police failed to solve three out of four car thefts last year and just 2% of cases involved a suspect being charged, figures reveal

By Harriet Line Updated: 08:48 GMT, 19 February 2024 Three in four car thefts went unsolved last year, figures revealed yesterday.Data shared with the Daily [...]

BUSINESS LIVE: Currys takeover bid; Hipgnosis makes claim against adviser; Morrisons plots price cuts

By Live Commentary Updated: 07:51 GMT, 19 February 2024 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]

Morrisons eyes Aldi and Lidl shoppers with price cuts

By Emily Hawkins Updated: 00:05 GMT, 19 February 2024 The boss of Morrisons has stepped up the supermarket's price war with Aldi and Lidl to [...]

Rolls-Royce turnaround takes off with £1.4bn profits

Analysts forecast profit will more than double in 2023, compared with 2022 Profits boom comes after boss unveiled strategy to quadruple earningsTufan Erginbilgic vowed in November [...]

Oil and gas giants in crisis talks over Labour’s windfall tax

By City & Finance Reporter Updated: 21:50 GMT, 18 February 2024 Oil and gas bosses will attend crisis talks this week over Labour's plan to [...]

Asda brothers may avoid £2.5m stamp duty levy

By Patrick Tooher Updated: 21:52 GMT, 17 February 2024 Romance: Victoria Price and Mohsin Issa at an award ceremony in 2018The co-owners of Asda could [...]

MIDAS SHARE TIPS UPDATE: Car testing firm AB Dynamics is still driving forwards

By Joanne Hart Updated: 21:52 GMT, 17 February 2024 The US is a nation of car lovers, with nearly 300 million vehicles on the road, [...]

One in four credit card users pay bills late as debts soar

By Adele Cooke Updated: 21:52 GMT, 17 February 2024 One in four credit card borrowers has paid their monthly bill late – two thirds of [...]

Advertising giant WPP accused of neo-colonialism

By Calum Muirhead Updated: 21:52 GMT, 17 February 2024 The board of WPP has been accused of 'neo-colonialist practices' by a disgruntled Kenyan entrepreneur, who [...]

Sir Stelios Haji-Ioannou urges EasyJet to opt for dual market listing

By Calum Muirhead Updated: 21:51 GMT, 17 February 2024 EasyJet should consider listing on the Nasdaq stock exchange in addition to London to attract more [...]

Reveal my pay? Sorry darling, it’s strictly private

By Lucy Evans Updated: 21:51 GMT, 17 February 2024 One in five people refuse to tell anyone, including their partner, how much they earn, according [...]

Understanding Trustee Responsibilities for Beneficiaries’ Rights

A trust provides the opportunity to pass on funds, real estate, and more to a beneficiary. It can be created in a variety of different [...]

Segro vows to hike rents as warehouses boom

By City & Finance Reporter Updated: 21:59 GMT, 16 February 2024 Segro has vowed to raise rents by 50 per cent over the next three [...]

Vauxhall offering year’s free EV charging credit at Tesco

By Ray Massey Motoring Editor Updated: 21:55 GMT, 16 February 2024 Vauxhall is offering a year's free EV charging credit at Tesco stores for buyers [...]

INVESTING EXPLAINED: What you need to know about milestone moments

By City & Finance Reporter Updated: 21:51 GMT, 16 February 2024 In this series, we bust the jargon and explain a popular investing term or [...]

SHARE OF THE WEEK: Nvidia investors hoping for bumper results

By City & Finance Reporter Updated: 21:51 GMT, 16 February 2024 Nvidia became the third most valuable company on Wall Street this week, putting it [...]

Cut alcohol duty, spirit distilleries warn Chancellor Jeremy Hunt

By Emily Hawkins Updated: 21:51 GMT, 16 February 2024 Decision time: Chancellor Jeremy HuntScottish whisky and gin makers have called on Jeremy Hunt to slash [...]

Redbird IMI agrees to buy film and TV production company behind The Traitors for £1.15bn

By Leah Montebello Updated: 21:51 GMT, 16 February 2024 Star quality: The Traitors is presented by Claudia Winkleman (pictured)Telegraph bidder Redbird IMI has agreed to [...]

EDF swings back to profit despite taking £11bn hit at UK nuclear project

By City & Finance Reporter Updated: 21:50 GMT, 16 February 2024 EDF has swung back to profit despite taking an £11billion hit at its UK [...]

Former Goldman Sachs analyst jailed for insider trading

By Emily Hawkins Updated: 21:50 GMT, 16 February 2024 Jailed: Mohammed Zina received a 22-month sentenceA former Goldman Sachs analyst has been jailed for almost two [...]