Business & Finance | Express Digest

Glaxo boosted after US regulators fast-track hepatitis B drug Bepirovirsen

By Calum Muirhead Updated: 22:01 GMT, 12 February 2024 GSK’s treatment for hepatitis B has been placed on a fast-track schedule by regulators in the [...]

I’d have cut rates at Christmas, says Bank of England’s former chief economist Andy Haldane

By Leah Montebello Updated: 22:01 GMT, 12 February 2024 The Bank of England’s former chief economist has taken a swipe at the Old Lady for [...]

Vultures circle fashion and lifestyle website Very but owners refuse to budge on £4bn valuation

By Emily Hawkins Updated: 22:01 GMT, 12 February 2024 Private equity sharks have been circling Very, but the owners’ £4billion valuation has made it difficult [...]

Aldi to open 500 new stores in £550m expansion drive as the supermarket wars hot up

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 12 February 2024 Expansion plans: Aldi is investing £550m this year as it hopes to [...]

US oil firms seal £20bn deal to become country’s third largest producer

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 12 February 2024 Oil deal: Endeavor Energy is the largest privately held oil and gas [...]

Aldi launches £550million expansion with 1,500 new jobs and plans for 500 stores in bid to lure back shoppers as discount retailer loses out to rivals

Aldi suffered a drop in UK grocery sales from 10.2% in September 2023 to 9.3% in January Updated: 19:32 GMT, 12 February 2024 Aldi has [...]

Chip designer Arm overtakes HSBC to become 4th most valuable UK company

By Angharad Carrick Updated: 17:03 GMT, 12 February 2024 Cambridge-based chip designer Arm has overtaken HSBC and Unilever to become the fourth most valuable UK-headquartered [...]

Fixed mortgage rates fall for sixth month in a row: Will it continue?

Average two-year fixed rate fell by 0.37 percentage points in January to 5.56%This was the biggest monthly fall since December 2022, says Moneyfacts But some lenders [...]

Frasers Group reveals £80m share repurchase programme

Frasers Group also conducted three £80m share buyback schemes last yearThe Derbyshire-based company is Britain's largest sporting goods retailerBy Harry Wise Updated: 15:05 GMT, 12 [...]

Tritax Big Box to buy REIT rival UKCM for £924m

The combination of the two firms would make a real estate giant worth £3.9bnBy Daniel Fessahaye Updated: 12:18 GMT, 12 February 2024 Tritax Big Box [...]

Britain’s pay rises forecast to slow for the first time since the pandemic

Basic pay is expected to rise by 4% in 2024, down from 5% last year By Daniel Fessahaye Updated: 10:25 GMT, 12 February 2024 UK wage [...]

Heathrow Airport: Tourist tax has ‘shut the door’ on UK economic growth

Before 2021, foreign tourists could claim a VAT refund on items bought in the UKHundreds of Britain's most prominent retailers want the 'tourist tax' scrappedBy [...]

BUSINESS LIVE: Pay rises set to slow; Heathrow slams ‘tourist tax’; Frasers lines-up fresh buyback

By Live Commentary Updated: 07:57 GMT, 12 February 2024 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]

£74bn savings gap threatens family finances

By City & Finance Reporter Updated: 21:51 GMT, 11 February 2024 Britain has a £74billion savings shortfall with more than half of working age families [...]

Evri private equity owner Advent preparing £2bn sale of delivery firm

By City & Finance Reporter Updated: 21:51 GMT, 11 February 2024 Parcel delivery firm Evri is reportedly being prepared for a sale valuing it at [...]

Recession set to be confirmed and inflation up too in double blow to economy

Figures set to show inflation rose to 4.2% in January, up from 4% in December GDP looks to have shrunk by 0.1% in fourth quarter after [...]

Tui’s plan to quit London stock market finds new backers

By City & Finance Reporter Updated: 22:11 GMT, 10 February 2024 Efforts to stop Tui defecting from the London stock market next week have been [...]

MIDAS SHARE TIPS: RentGuarantor, a pioneer in rental market, is on the rise

By Joanne Hart Updated: 21:55 GMT, 10 February 2024 An Englishman's home is his castle. But for more than four million households, that castle is [...]

Government may row back on changes to start-ups after critics warn they could lock out female ‘angel’ investors

By Leah Montebello Updated: 21:51 GMT, 10 February 2024 Block: Sam Smith fears women will be excludedThe Government may row back on changes to rules [...]

Hypocrisy row at Games Workshop over Russia ties

By Calum Muirhead Updated: 21:51 GMT, 10 February 2024 Fantasy wargame: WarhammerWarhammer owner Games Workshop has come under fire after teaming up with a video [...]

ALEX BRUMMER: A private equity firm is selling Cobham’s disparate parts at pace – the Government must act

By Alex Brummer for the Daily Mail Updated: 21:50 GMT, 10 February 2024 At a moment of geopolitical strife, Britain’s defence capabilities have never been more [...]

KEN MURPHY: Youth employment needs to be a political priority

By Ken Murphy - Tesco Group Ceo Updated: 21:50 GMT, 10 February 2024 Through all the turbulence of the last few years, it is school [...]

Banks squeeze more profit from customers

By Patrick Tooher Updated: 21:50 GMT, 10 February 2024 Banks have cut deposit rates and raised the profit they make on mortgages despite the headline [...]

CITY WHISPERS: Jacob Rees-Mogg hits out at Davos man… including his pal Lord Dominic Johnson

By Calum Muirhead Updated: 21:50 GMT, 10 February 2024 Speaking out: Jacob Rees-MoggOn Tuesday we were treated to the launch of the Liz Truss-led group of [...]

Final sell-offs loom for UK defence giant Cobham

Shonnel Malani has overseen dismemberment of Cobham since taking it overCobham's operations sold off piece by piece to a series of international buyers Company has no [...]

INVESTING EXPLAINED: What you need to know about friendshoring

By City & Finance Reporter Updated: 00:01 GMT, 10 February 2024 In this series, we bust the jargon and explain a popular investing term or [...]

Body Shop prepares for insolvency process

By City & Finance Reporter Updated: 22:06 GMT, 9 February 2024 The Body Shop's private equity owner is preparing to call in administrators for its [...]

Neil Woodford investors to get £230m payout

It comes nearly five years after savers saw £3.7bn of their cash trappedThe Woodford Equity Income Fund was shut down by supervisor Link in 2019Compensation scheme [...]

SHARE OF THE WEEK: Chancellor set to take keen interest as NatWest kicks off bank reporting season

By City & Finance Reporter Updated: 21:55 GMT, 9 February 2024 Jeremy Hunt will be taking a keener interest than normal when Natwest kicks off [...]

Hermes overtakes L’Oreal as sales of Birkin bags rocket

By Emily Hawkins Updated: 21:50 GMT, 9 February 2024 Fan: Birkin bags are a favourite of celebrities such as Victoria Beckham (pictured)Hermes has overtaken L'Oreal for [...]

John Lewis facing threat of workers going on strike over fears of mass job losses

By Emily Hawkins Updated: 21:50 GMT, 9 February 2024 John Lewis boss Sharon White is facing the threat of workers going on strike over fears [...]

Investors eye bid to buy Soho House amid bankruptcy fears

By City & Finance Reporter Updated: 21:50 GMT, 9 February 2024 Troubled times: Soho House's first venue was opened in 1995 by Nick Jones (pictured)The [...]

Major shake-up of motoring GAP insurance as regulator steps in and 80% of deals pulled from sale

GAP insurance covers the cost of a car's loss in value if it is stolen or totalledBut the cover is mired in controversy over extremely [...]

Bellway home completions plummet but customer enquiries improve

Bellway saw weekly private reservation rates rise to 0.59 per outlet last monthSince last summer, mortgages costs in Britain have become more affordableBy Harry Wise [...]

Barclays to buy Tesco’s retail banking operations in £700m deal

Tesco will hold onto its insurance, ATM, gift cards and travel money operationsThe takeover deal is set to be completed during the second half of [...]

BUSINESS LIVE: Barclays to buy Tesco Bank; Bellway completions to slump 31%; Howden’s £1.1bn war chest

By Live Commentary Updated: 07:57 GMT, 9 February 2024 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]