Business & Finance | Express Digest

NatWest confirms Thwaite as CEO as lender posts highest profit since 2007

NatWest Group reported pre-tax profits jumped by a fifth to £6.2bn in 2023Higher interest rates and lending volumes helped boost the firm's incomeThe Bank of [...]

BUSINESS LIVE: NatWest names new boss; Retail sales jump; Oil prices rise

By Live Commentary Updated: 09:04 GMT, 16 February 2024 The FTSE 100 is up 0.7 per cent in early trading. Among the companies with reports [...]

Intel Falling Behind in the AI Race

In recent years, Intel Corporation (NASDAQ: INTC) experienced losses, with a notable decline in revenue. In 2023, the company's revenue decreased by more than 20%, [...]

Average car insurance premium drops £745 with one-year no claims discount

The average driver pays £2,304 a year for cover without a no claims discount But this drops steeply once motorists start racking up these savings By Sam [...]

Profits at British Gas rise tenfold as it claws back losses from the energy crisis

By Leah Montebello Updated: 22:00 GMT, 15 February 2024 Profits at British Gas have surged tenfold as the group claws back money that it lost [...]

Make-up queen Charlotte Tilbury finds a driving passion: Beauty brand teams up with F1 Academy

By Hannah Walton-hughes Updated: 22:00 GMT, 15 February 2024 On track: French driver Lola Lovinfosse, 18, will drive the Charlotte Tilbury car (pictured), bearing the [...]

Investors bet on three rate cuts this year as the UK economy tips into recession

By Hugo Duncan Updated: 22:00 GMT, 15 February 2024 Investors are betting on three interest rate cuts in the UK this year after the economy [...]

Airbus to pay special dividend as jet sales soar: Plane maker cashes in on crisis at rival Boeing

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 15 February 2024 Soaring demand: Airbus said it will hand out an extra €1 per [...]

Former Goldman Sachs analyst found guilty of insider trading and fraud

By Emily Hawkins Updated: 22:00 GMT, 15 February 2024 Guilty: Former Goldman Sachs analyst Mohammed Zina was convicted on six counts of insider trading and [...]

Ex-Tory treasurer Lord Lupton to stand down from Lloyds board

James Lupton will depart at the conclusion of Lloyds Banking Group's AGMHe will also leave his role as chairman of Lloyds Bank Corporate MarketsBy Harry [...]

GSK acquires asthma specialist Aiolos Bio in $1.4bn deal

London-listed GSK has seen its share price rise 13% in the last year By Jane Denton Updated: 11:11 GMT, 15 February 2024 GSK has acquired Aiolos [...]

NatWest launches £200 current account switching offer

NatWest has relaunched its popular £200 switching bonusCash is promised within seven days of the switch being completed This is now the biggest cash bonus on [...]

Jet2 profits take off as Britons escape ‘our Rainy Island’

Jet2 said more customers are plumping for package holidays this winter By Jane Denton Updated: 09:29 GMT, 15 February 2024 Jet2 has upped annual profit guidance [...]

BUSINESS LIVE: GDP shrinks 0.3% in Q4; Close Brothers scraps divi; Jet2 ups profit expectations

By Live Commentary Updated: 07:58 GMT, 15 February 2024 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]

NatWest set to appoint interim boss Paul Thwaite as Alison Rose’s permanent successor

By Jessica Clark Updated: 22:01 GMT, 14 February 2024 Permanent role: Paul Thwaite has been Natwest's interim boss since July last year NatWest is set to [...]

Jeff Bezos sells £3.2bn of Amazon shares in less than a week

By Leah Montebello Updated: 22:01 GMT, 14 February 2024 Amazon founder Jeff Bezos has sold £3.2billion worth of shares as he trims his stake in [...]

‘Clerical error’ sends shares in taxi app Lyft soaring 67% – before making a sharp U-turn

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 14 February 2024 Shares rollercoaster: Lyft surged 67% in after-hours trading after it suggested that [...]

‘Publishing phenomenon’ Sarah J Maas sends Bloomsbury shares to a record high

By Emily Hawkins Updated: 22:01 GMT, 14 February 2024 Bloomsbury shares hit a record high as it hailed fantasy writer Sarah J Maas as a [...]

Inflation relief keeps hopes of rate cuts alive: Andrew Bailey hails ‘good news’ as key measure holds steady at 4%

By Hugo Duncan Updated: 22:00 GMT, 14 February 2024 The pound fell and gilt yields eased as Andrew Bailey hailed ‘good news’ on inflation that [...]

UAE executive Hatem Dowidar to join board of Vodafone despite national security concerns

By Leah Montebello Updated: 22:00 GMT, 14 February 2024 The chief executive of a UAE-backed telecoms group will join the Vodafone board next week despite [...]

M&S teams up with Puma and Reebok as it looks to expand its offering of outside brands

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 14 February 2024 New brands: More than 140 products from Puma and Reebok will launch [...]

Shell: LNG demand to surge by over 50% by 2040

This year's forecasts are slightly lower than Shell's 2023 estimates for LNG By Jane Denton Updated: 15:46 GMT, 14 February 2024 Shell expects global demand for [...]

Virgin Money buys out Abrdn in investments joint venture as asset manager takes hefty haircut

Virgin Money has agreed to buy abrdn’s 50% stake in Virgin Money Investment By Jane Denton Updated: 15:40 GMT, 14 February 2024 Virgin Money has agreed [...]

FCA organised crime crackdown prompts London arrests

Suspicious trading by members of OCGs flagged by FCA earlier this month Arrests have been made in London after the City watchdog launched an investigation [...]

Vistry and Sigma extend partnership to construct 5,000 new homes for tenants

5,000 new build-to-rent homes to be delivered over next five years, Vistry saysMichael Gove unveiled plans to ramp up building on brownfield sites By Jane Denton [...]

Coca-Cola HBC shares fizz as anchor bottler reveals record profits

Coca-Cola HBC's comparable operating profits rose by 16.6% to €1.1bn in 2023The firm's turnover growth was partially offset by adverse currency movements By Harry Wise Updated: [...]

Rate fears rattle global markets: US inflation running ‘hot’ at 3.1%

By Hugo Duncan Updated: 22:58 GMT, 13 February 2024 Investors are scaling back bets on interest rate cuts as fears over stubbornly high inflation on [...]

Landlord for the homeless Home REIT faces probe amid fears it misled investors

By Calum Muirhead Updated: 22:55 GMT, 13 February 2024 Probe: Home REIT said the FCA has opened an investigation covering the period between September 2020 [...]

Courier firm Yodel snapped up by rival operator Shift in last-minute rescue deal

By Daily Mail City & Finance Reporter Updated: 22:54 GMT, 13 February 2024 Rescue: Yodel was snapped up by YDLGP, a new group including Shift [...]

Bitcoin rollercoaster as investors fret over the outlook for US interest rates

By Daily Mail City & Finance Reporter Updated: 22:51 GMT, 13 February 2024 Bitcoin tumbled below $48,500 after figures showed inflation in the US fell by [...]

Commodity King Nick O’Kane quits Macquarie after almost three decades

By Calum Muirhead Updated: 22:50 GMT, 13 February 2024 A superstar commodities trader at Macquarie is set to quit the firm this month after raking [...]

Waitrose to cut prices as it battles to win back middle-class shoppers from M&S

By Emily Hawkins Updated: 22:49 GMT, 13 February 2024 Waitrose is slashing prices on hundreds of products as it battles to win back middle-class shoppers [...]

LCF director fined and banned in wake of mini-bond scandal

By Jessica Clark Updated: 22:48 GMT, 13 February 2024 Probe: Ex-LCF compliance executive Floris Jakobus Huisamen (pictured) A former London Capital & Finance (LCF) director has [...]

Retirees’ Guide: Making The Most of Your Retirement Income Options

April 2024 will see the UK’s State Pension increase by around 8%. That means retirees currently receiving the full ‘new’ State Pension will see an [...]

Nuclear uncertainty means UK will likely miss key eco target, warn MPs

SMRs are nuclear reactors capable of producing up to 300MW of electric power The EAC said the UK's first SMR is 'unlikely' to generate any capacity [...]

BUSINESS LIVE: Wage growth beats expectations; Tui swings to profit; MPs warn on nuclear plans

By Live Commentary Updated: 07:44 GMT, 13 February 2024 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]