Business & Finance | Express Digest

New setback for petrol car ban as EV sales stall for buyers who cannot afford them and the slow roll-out of public chargers

Figures show sales of electric vehicles plummeted by 25 per cent last monthBy David Churchill Chief Political Correspondent Updated: 06:51 GMT, 6 February 2024 The [...]

Tax-Saving and Growth: The Power of ELSS Funds

A solid investment portfolio can give you optimum benefits from your investment instruments. Integrating the right investment options into your portfolio may generate considerable wealth [...]

Almost 200 jobs on the line as British arm of electric vehicle firm Arrival collapses into administration

By Jessica Clark Updated: 22:12 GMT, 5 February 2024 The British arm of electric car firm Arrival has collapsed into administration, putting nearly 200 jobs [...]

CBI settles wrongful dismissal case with former boss Tony Danker

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 5 February 2024 The Confederation of British Industry (CBI) has agreed to settle a wrongful [...]

Luxury stocks rise as tourist tax faces the axe: Kurt Geiger boss calls levy a ‘schoolboy error’

By Emily Hawkins Updated: 22:00 GMT, 5 February 2024 The Confederation of British Industry (CBI) has agreed to settle a wrongful dismissal case brought by [...]

Lockdowns to dent economic growth for 40 years because of their impact on education, says OECD

By Hugo Duncan Updated: 22:00 GMT, 5 February 2024 Economic growth could be held back for up to four decades because of the impact of [...]

Vodafone sales slump as its European business continues to falter

By Leah Montebello Updated: 22:00 GMT, 5 February 2024 Vodafone posted a slump in sales as its European business continues to falter.Total revenues at the [...]

First stamped envelope went up for auction for £1.2m – but no-one bought the Penny Black…

A letter sheet bearing the famous Penny Black stamp went up for auctionThe document is the first ever to be sent using a postage stamp [...]

Chip app launches cash Isa paying a 4.75% rate – is it any good?

The 4.75% deal is Chip's first dip into the cash Isa marketMoney deposited in Chip's deal is held by ClearBank and is covered by the [...]

Revolution Beauty agrees £3m settlement deal with co-founder Minto

Minto left the firm in 2022 after an investigation into the company's accountsBy This Is Money Updated: 12:36 GMT, 5 February 2024 Former Revolution Beauty [...]

CMC Markets axes 17% of workforce amid cost-cutting drive

The London-listed firm said it is set to cut 200 jobs as part of cost cutting driveFirm will continue 'to seek opportunities to drive efficiencies [...]

We’re heading for new cryptocurrency crisis, predicts Wall Street veteran

By Leah Montebello Updated: 21:50 GMT, 4 February 2024 The crypto industry is doomed to repeat the mistakes that led to the collapse of FTX, [...]

Unilever sales slump as new boss ditches woke agenda

By City & Finance Reporter Updated: 21:50 GMT, 4 February 2024 Magnum maker Unilever is set to post a slump in sales as its new [...]

Poor access to public charging points hits electric car rollout

75 constituencies had same number of chargers at end of 2023 as in OctoberIn some areas where none were installed, there are hardly any public [...]

Indian tyre tycoon says idle British workers just want to go down the pub

Neeraj Kanwar is boss of Apollo TyresCompany has seven factories across the world - but none in the UKEmployment expert brands Kanwar's remarks as 'crude [...]

MIDAS SHARE TIPS UPDATE: Our tip Idox is still a vote winner

By Joanne Hart Updated: 21:52 GMT, 3 February 2024 General elections are an expensive undertaking, costing more than £100 million to organise and orchestrate. Technology [...]

As Jade Holland Cooper’s brand hits style high-note, husband Julian Dunkerton faces takeover at Superdry

By Anne Ashworth Updated: 21:51 GMT, 3 February 2024 The BBC One reality show The Traitors keeps millions of viewers spellbound. But it wasn't just [...]

Marc Jacobs returns to profit in UK in another turnaround success for LVMH

By John Abiona Updated: 21:51 GMT, 3 February 2024 Back to black: During its 40-year history Marc Jacobs has called on celebrities including Kendall Jenner [...]

Barclays is shamed for closing most branches

By Jessica Clark Updated: 21:50 GMT, 3 February 2024 Barclays has been named and shamed as the bank planning to close most branches this year.The [...]

CITY WHISPERS: Electricity firm Bboxx in shock relocation – to Rwanda

By Calum Muirhead Updated: 21:50 GMT, 3 February 2024 The Government's attempt to ship asylum-seekers to Rwanda has been a hot issue of late. But while [...]

Issa brother seeks to offload his Asda stake

By Patrick Tooher And Richard Marsden Updated: 21:50 GMT, 3 February 2024 The rift between the billionaire brothers who co-own Asda deepened last night amid [...]

Exxon Mobil and Chevron report second-biggest annual profits haul in decade

By City & Finance Reporter Updated: 22:13 GMT, 2 February 2024 U.S. oil giants Exxon Mobil and Chevron have reported their second-biggest annual profits haul [...]

Donald Trump: I’ll sack head of US Federal Reserve

By City & Finance Reporter Updated: 22:12 GMT, 2 February 2024 Tough talk: Donald Trump said he would not reappoint Jerome PowellDonald Trump has said he will [...]

SHARE OF THE WEEK: After Shell’s second biggest annual profit, attention turning to BP

By City & Finance Reporter Updated: 22:11 GMT, 2 February 2024 After Shell posted its second biggest annual profit of all time this week, attention [...]

INVESTING EXPLAINED: What you need to know about neobanks

By City & Finance Reporter Updated: 22:10 GMT, 2 February 2024 In this series, we bust the jargon and explain a popular investing term or [...]

Bank of England warns rate cuts ‘still some way off’

By Jessica Clark Updated: 22:10 GMT, 2 February 2024 Interest rate cuts are 'still some way off', a leading Bank of England official warned yesterday.In [...]

Founder Julian Dunkerton plots bid for Superdry

By Emily Hawkins Updated: 21:50 GMT, 2 February 2024 Poised to make offer: Julian Dunkerton, with wife JadeSuperdry shares more than doubled after its founder [...]

Why would the Bank of England cut rates this year? This is Money podcast

By This Is Money Updated: 17:38 GMT, 2 February 2024 The Bank of England held base rate once again at 5.25 per cent, the fourth [...]

Make Sure You Stay in Touch With These Companies as a Small Business

There are a lot of things to consider when running a small business, such as managing your budget and acquiring a lucrative customer base. However, [...]

Hipgnosis management shake-up amid spat with board of Songs fund

The Canadian is being replaced by chief operating officer Ben KatovskyMercuriadis will become the chairman of Hipgnosis Songs ManagementBy Harry Wise Updated: 12:43 GMT, 2 [...]

Revolution Beauty faces pre-action letter from Chrysalis after share price slump

Chrysalis lost around 90% buying shares between July 2021 and late 2022 By Mike Sheen Updated: 12:00 GMT, 2 February 2024 Revolution Beauty has received a [...]

YouGov back on track to meet profit guidance as sales accelerate

YouGov reported like-for-like sales increased in the six months ending JanuaryIt credited the result to 'stable demand' in its data products and research armsBy Harry [...]

Nationwide hikes mortgage prices even as base rate is held – in wake of a move by rival Santander

It comes as the Bank of England continus its painful battle against inflation By John Paul-ford Rojas Updated: 09:30 GMT, 2 February 2024 Britain's biggest building [...]

BUSINESS LIVE YouGov sales accelerate; Hipgnosis shake-up; Meta shares soar

By Live Commentary Updated: 07:57 GMT, 2 February 2024 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]

Three mobile customer wins £250 after firm charges her for handset she had already paid off

Author Karen Storey was allowed to overpay for her Three mobile phoneUpon discovering the issue, Storey contacted Three and it refused to refund herNow the [...]

Facebook owner Meta to pay first dividend as three tech giants post bumper figures

By Leah Montebello Updated: 22:47 GMT, 1 February 2024 Facebook owner Meta said it will pay its first dividend as three of the world’s biggest [...]