Business & Finance | Express Digest

Shell profits tumble 30%… but energy giant still rakes in more than £22bn

By Jessica Clark Updated: 22:45 GMT, 1 February 2024 Shell’s profits tumbled by almost 30 per cent last year – but the energy giant still [...]

Bingo! Mecca prepares for a full house this Mother’s Day – its busiest day of the year

By Daily Mail City & Finance Reporter Updated: 22:25 GMT, 1 February 2024 Eyes down: Mother’s Day attracted 29,000 visits to Mecca sites in the [...]

Now Endeavour boss is accused of sexual misconduct after being ousted over irregular payments

By Jessica Clark Updated: 22:19 GMT, 1 February 2024 Former Endeavour boss Sebastien de Montessus was ousted last month over an irregular £4.6m paymentThe sacked [...]

Nationwide to increase some of its mortgage rates from tomorrow

By Helen Crane Updated: 16:15 GMT, 1 February 2024 Nationwide Building Society will increase some of its mortgage rates from tomorrow, which could drive up [...]

Will mortgage and savings rates keep falling as the base rate is held again? LUNCH MONEY

Watch Lunch Money on what Bank of England decision means for peopleBy This Is Money Updated: 14:04 GMT, 1 February 2024 The Bank of England [...]

Premium Bonds saver scoops £50,000 prize with a £10 bond bought in 1990!

By Helen Kirrane Updated: 11:54 GMT, 1 February 2024 A Premium Bonds holder has turned £10 into £50,000 in this month's prize draw, a huge [...]

GSK quietly settles another Zantac lawsuit in California

The case initially planned to go to trial on 20 February but will be dismissedGSK said it wanted 'to avoid the distraction related to protracted [...]

BT Group price hikes lift profits above £6bn

BT Group reported third-quarter adjusted turnover increased by 3% to £5.3bnOpenreach expanded its fibre-optic network by a record 950,000 premises The results came on the first [...]

BUSINESS LIVE: BoE base rate decision looms; Shell ups dividend; BT earnings top £6bn

By Live Commentary Updated: 07:49 GMT, 1 February 2024 The Bank of England's Monetary Policy Committee will at midday reveal its latest decision on interest [...]

EV drivers are unhappy with the UK’s charging network as 70% say they are dissatisfied with the availability of stations

The poll by Which? also found that 73% had experienced a faulty public charger By Sean Poulter Updated: 06:46 GMT, 1 February 2024 The public charging [...]

No looking back! The Polestar 4 is set to be the first car on British roads with no rear window

The car will have will have a camera on the roof instead of a rear-view mirror Polestar says the design will give drivers a better view of [...]

One in four adults currently has less than £500 in savings

1 in 4 UK adults have less than £500 in savings Only 1 in 3 believe they will feel the benefit of interest rates falling The majority [...]

Investors pull £8bn out of woke ESG funds amid greenwashing backlash

By John-Paul Ford Rojas Updated: 22:09 GMT, 31 January 2024 Global investors pulled £8billion from woke ESG funds last year amid a backlash over greenwashing [...]

US Tech giants Google and Microsoft see £130bn wiped off their value

By Leah Montebello Updated: 22:01 GMT, 31 January 2024 Around £130bn was wiped off the value of two of the world’s biggest technology companies as [...]

Santander cautious about offering cheaper mortgages amid doubts over rate cuts

By John-Paul Ford Rojas Updated: 22:01 GMT, 31 January 2024 The boss of one of Britain’s biggest lenders said it was being cautious about offering [...]

Tata Steel bosses under fire over the loss of 2,800 jobs at the Port Talbot plant

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 31 January 2024 Labour MP Stephen Kinnock accused Tata of ‘bluffing’ the Government Tata Steel bosses [...]

Ikea doubles UK profits to £111m as cash-strapped shoppers snap up cheap furniture

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 31 January 2024 Sales up: Ikea said profits soared to £111m over the 12 months [...]

Former Chancellor George Osborne to advise Coinbase as crypto exchange eyes expansion

By Jessica Clark Updated: 22:00 GMT, 31 January 2024 Crypto move: Former Chancellor George Osborne is to advise US crypto-currency exchange CoinbaseGeorge Osborne has joined [...]

We’ll win back shoppers from Aldi and Lidl, vows new Morrisons boss

By Emily Hawkins Updated: 22:00 GMT, 31 January 2024 The new boss of Morrisons has vowed to win back shoppers from Aldi after the floundering [...]

Universal pulls millions of songs from TikTok following major row over payments

By Leah Montebello Updated: 22:00 GMT, 31 January 2024 Universal Music will pull millions of songs from TikTok in a row over payments. The move by [...]

We’re here to stay, declares GSK boss Walmsley: Pharma giant bucks London exodus trend

By Jessica Clark and Calum Muirhead Updated: 22:00 GMT, 31 January 2024 The boss of GSK said the pharma giant has no intention of leaving [...]

Cost of car insurance rocketed 25% last year and figures show price rises are STILL accelerating

The cost of car cover rose and rose in 2023, with insurers blaming claims costsThe average driver paid £627 to insure their vehicle by the [...]

Why Temple Bar backs cheap shares like M&S, BP and Royal Mail: INVESTING SHOW

By This Is Money Updated: 14:43 GMT, 31 January 2024 When the value-minded managers of Temple Bar bought into Marks & Spencer shares, some questioned [...]

NS&I slashes Green Savings Bonds to 2.95%

NS&I has cut its three-year Green Savings Bonds to 2.95%Previous issue paid 3.95% in November and 5.7% in AugustRate has dropped by a huge 48% [...]

H&M boss quits as retail giant loses ground to rivals

Helena Helmersson, 51, originally joined the Swedish business in 1997 In her first year in charge, H&M's profits fell by 88% due to store closuresThe new [...]

BUSINESS LIVE: GSK boosted by RSV vaccine; H&M boss exits; Hercules launches construction academy

By Live Commentary Updated: 07:51 GMT, 31 January 2024 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today [...]

HSBC fined for failing to protect billions of pounds of customers’ deposits

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 30 January 2024 Fine: The Prudential Regulation Authority slapped HSBC with a £57.4m penaltyHSBC has [...]

KPMG partners see pay rise to £746,000 each despite slowdown in growth

By Jessica Clark Updated: 22:01 GMT, 30 January 2024 KPMG partners were paid an average of £746,000 each last year despite a slowdown in growth [...]

Cruise boom helps Saga profits double offsetting weaker performance in its insurance business

By Leah Montebello Updated: 22:01 GMT, 30 January 2024 Saga has said profits will more than double as retired and wealthy Britons book cruises – [...]

HMV cashing in on vinyl revival as sales of LPs reach their highest level since 1990

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 30 January 2024 Hot wax: Sales of LPs reached their highest level since 1990 last [...]

John Lewis will return to profit this year, claims chairman Dame Sharon White

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 30 January 2024 Confidence: John Lewis chairman Dame Sharon WhiteRetailer John Lewis will return to [...]

Number of families with under £100 left over each month has doubled in the cost of living crisis

By Adele Cooke Updated: 22:00 GMT, 30 January 2024 Squeezed: More than one in five households has no more than £100 left at the end [...]

Morrisons to sell 337 petrol stations to its private equity stablemate in £2.5bn deal

By Emily Hawkins Updated: 22:00 GMT, 30 January 2024 Morrisons is selling its 337 petrol forecourts to private equity stablemate Motor Fuel Group (MFG) in [...]

SThree cautions of weaker new business activity following drop in fees

SThree revealed its annual like-for-like net fees declined by 4% to £418.8mTrading was partly hit by reduced investment spending by life sciences firmsBy Harry Wise [...]

SSP Group bolstered by sustained recovery in air and rail travel

SSP Group reported turnover climbed by 21.2% to £788m in the first quarterThe FTSE 250 company operates about 2,900 outlets across six continentsBy Harry Wise [...]

Would you retire abroad for cheaper living costs? LUNCH MONEY

By This Is Money Updated: 12:46 GMT, 30 January 2024 Would you move abroad for the same standard of living for less money?A report by [...]