Financial news

• Teenager shares strategic side hustle that makes her £400 in three hours with no skills

  29-05-2024 21:57 via express.co.uk
  
  A teenager has sparked a frenzy online after she shared her secret to making £400 in just three hours from a hassle-free job.
  
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• Samsung workers’ union announces first-ever strike for chipmaker

  29-05-2024 20:03
  
  Up to 28,000 people at tech giant in South Korea will strike for one day on 7 June after negotiations over wages stallA major union representing tens of thousands of people at the South Korean tech giant Samsung Electronics said on Wednesday that workers will go on strike for the first time, potentially threatening key global semiconductor supply chains.A spokesperson said union members, around 20% of the company workforce, or 28,000 people, would use annual leave to strike for one day on 7 June
  
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• ExxonMobil and Chevron gather investors after latest big oil mega deal

  29-05-2024 19:57
  
  Energy giants hold annual meetings as ConocoPhillips announces plan to buy Marathon Oil in $17.1bn dealShareholders in ExxonMobil and Chevron gathered for the big oil giants’ annual meetings on Wednesday amid scrutiny from lawmakers and climate activists.Hours before they convened, another US energy conglomerate, ConocoPhillips, announced plans to buy Marathon Oil in an all-stock deal worth about $17.1bn – rendering it the latest firm to place a vast bet on the future of fossil fuel
  
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• Sony Music reportedly in talks to buy Queen’s music catalogue for $1bn

  29-05-2024 19:54
  
  Publisher said to be working with another investor in sale that would be largest of its kind, according to BloombergSony Music is in talks to buy Queen’s music catalogue, which includes songs such as Bohemian Rhapsody and Radio Gaga, in a potential $1bn (£800m) deal, according to Bloomberg.Sony is said to be working with another investor on the transaction that would be the largest sale of its kind and include merchandising and other business opportunities, according to the Bloomberg
  
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• ‘Virtually complete’ Stegosaurus fossil to be auctioned at Sotheby’s geek week

  29-05-2024 19:43
  
  The 11ft tall and 20ft long fossil, nicknamed Apex, could fetch up to $6m as it’s celebrated as ‘one of the best unearthed’The largest and most complete Stegosaurus fossil ever found is expected to fetch up to $6m (£4.7m) when it is sold as the star lot in Sotheby’s “geek week” auction this summer.At 11ft (3.4 metres) tall and more than 20ft long the “virtually complete” fossil, which has been nicknamed “Apex”, is more than 30% la
  
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• Royal Mail’s foreign sale could put a 500-year-old national service in jeopardy | Phillip Inman

  29-05-2024 19:28
  
  Czech tycoon’s private buyout of UK postal group would come with very limited assurances – and a weight of added debtRoyal Mail owner agrees to £3.57bn takeover by Czech billionaireThere is much to fear from the takeover of Royal Mail by a private financier. It is fair to say that over the longer term, everything about the 500-year-old institution could now be at risk.The string of commitments made by the Czech billionaire Daniel Křetínský in his bid for the
  
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• Anglo American rejects call by mining rival BHP to extend takeover talks deadline

  29-05-2024 18:50
  
  British company says concerns not addressed during approach by Australian firmBusiness live – latest updatesAnglo American has survived an almost £39bn takeover plot by the Australian mining rival BHP after last-ditch talks over restructuring the 107-year-old company collapsed.The five-week pursuit came to an end after Anglo rejected BHP’s 11th-hour appeal to extend the takeover talks for a second time, after three failed takeover proposals from the Melbourne-based miner. Conti
  
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• Wet UK weather map sparks £25,000 handouts for households with farms

  29-05-2024 17:28 via express.co.uk
  
  Households across the UK are being sent payments of up to £25,000 this summer
  
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• Data breach exposes details of 25,000 current and former BBC employees

  29-05-2024 17:22
  
  Security incident at pension scheme being taken ‘extremely seriously’, but broadcaster says there is no evidence of a ransomware attackThe BBC has launched an investigation after the details of more than 25,000 current and former employees were exposed in a data breach.The corporation’s pension scheme wrote to members on Wednesday to say their details had been stolen in a data security incident that it was taking “extremely seriously”. Continue reading...
  
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• US academic text book group sold to Harry Potter publisher Bloomsbury for £65m

  29-05-2024 17:15 via express.co.uk
  
  Harry Potter publisher Bloomsbury has snapped up the academic publishing group Rowman & Littlefield for £65million, its largest deal to date.
  
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• Nationwide sends £835 warning to millions of customers

  29-05-2024 17:09 via express.co.uk
  
  The building society also warned that a "spike" in debt was recorded last month, with repayments rising 25 per cent
  
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• Weak sales and rising costs send Pets At Home's profits sliding

  29-05-2024 16:22 via express.co.uk
  
  Pets At Home says that a tough market for pet accessories and higher costs have sent its annual pre-tax profits down 13.7% to £105.7million.
  
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• State pensioners could get £600 a month boost with triple lock binned under radical policy

  29-05-2024 16:21 via express.co.uk
  
  EXCLUSIVE: The UK state pension lags behind many European countries in terms of its relative generosity.
  
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• Pound soars as Brexit Britain's sterling hits two-year high against beleaguered euro

  29-05-2024 16:14 via express.co.uk
  
  The general election on July 4 means few economists in the UK are anticipating an imminent interest rates cut.
  
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• Tory national service policy would leave UK’s poorest areas worse off, IFS warns

  29-05-2024 15:52
  
  Thinktank says proposal to pay for scheme by scrapping shared prosperity fund would downgrade efforts to level up countryUK politics live – latest updatesRishi Sunak’s election pledge to introduce mandatory national service would leave the UK’s poorest regions millions of pounds worse off, a thinktank has warned.The prime minister announced last weekend that if he was re-elected, every 18-year-old would have to spend time in a competitive, full-time military commission or spend
  
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• Orange-juice makers consider using other fruits after prices go ‘bananas’

  29-05-2024 15:48
  
  Global industry ‘in crisis’ as fears about Brazilian harvest help push wholesale prices to record highsOrange juice makers are considering turning to alternative fruits such as mandarins as wholesale prices have “gone bananas” amid fears of poor harvests in Brazil.Prices of orange juice reached a new high of $4.95 (£3.88) a lb on commodity markets this week after growers in the main orange producing areas of Brazil said they were expecting the harvest to be 24% down
  
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• Mining giant Anglo American rebuffs last minute takeover talks plea from BHP

  29-05-2024 15:28 via express.co.uk
  
  Anglo American has rejected a last minute plea from larger rival BHP to extend talks about a £38billion takeover, effectively ending the five week takeover battle for the mining giant.
  
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• Scotland's economy grew by 0.7% in the first three months of 2024

  29-05-2024 14:42 via express.co.uk
  
  Deputy First Minister Kate Forbes said the figures showed that Scotland had "slightly outperformed" the UK in terms of economic growth in the period January to March.
  
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• ‘A fine line between humor and flopping’: tech summit’s rap battle is the height of corporate cringe

  29-05-2024 14:00
  
  A Hamilton-esque performance extolling the virtues of design software was exactly the wrong kind of cornyThe next time you’re sitting through a company-wide meeting, half-listening to a leader drone on about updates or product launches (and hoping they don’t announce layoffs or budget cuts), remember this: at least they’re not rapping.That’s what happened at Canva Create, a summit held in Los Angeles last week, in honor of Canva, a graphic design company known for helping
  
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• Protesting Indian farmers endure severe heatwave – video

  29-05-2024 13:35
  
  Hundreds of Indian farmers who have been camping for more than 100 days between the Punjab and Haryana states to demand better prices for their crops have been enduring a savage heatwave sweeping swathes of northern India. Temperatures in Delhi, not far from the protest, have hit a record high of 49.9C (121.8F), as authorities warned of water shortages in the capitalDelhi temperature hits 49.9C as India’s capital records hottest dayRecord breaking heat hits Delhi – in pictures Contin
  
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• Thames Water urged to ‘get a grip’ on testing water supply after illness outbreak

  29-05-2024 13:20
  
  Exclusive: Labour calls on firm to urgently test treatment works after dozens in south-east London experience vomiting and diarrhoeaUK politics live – latest updatesSteve Reed, Labour’s shadow environment secretary, has urged Thames Water to “get a grip” and test treatment works “urgently” after it emerged over the weekend that the company had tested the water at only one property.Over the last two weeks, dozens of people in Beckenham, south-east London, have
  
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• Ofwat considers cutting sewage fines for financially struggling water firms

  29-05-2024 13:07
  
  Regulator understood to be looking at ‘recovery regime’ for Thames Water and others in sectorBusiness live – latest updatesOfwat, the water regulator for England and Wales, is understood to be considering cutting fines for sewage-dumping water companies if they are facing financial pressures.According to the Financial Times, which first reported the plan, the regulator intends to draw up a “recovery regime” for Thames Water, which is facing collapse or restructuring
  
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• Royal Mail owner agrees to £3.57bn takeover by Czech billionaire

  29-05-2024 08:36
  
  Cash offer from Daniel Křetínský’s EP Group still needs approval from shareholders and governmentBusiness live – latest updatesThe takeover of Royal Mail by the Czech billionaire Daniel Křetínský has edged closer after its owner agreed terms and conditions on a £3.57bn offer.In an update to the market on Wednesday, the postal service’s parent company, International Distribution Services (IDS), said it had accepted a cash offer from K&
  
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• Waitrose only major supermarket with majority Tory customers, polls show

  29-05-2024 08:00
  
  Shoppers at Tesco, Sainsbury’s, Morrisons, Lidl and Aldi have all swung to Labour from Conservative since 2019The election may not yet be in the bag for Labour, but research suggests it is in the shopping basket.The party’s voters now make up the majority of customers at all leading supermarkets apart from Waitrose, according to the latest polling from retail research firm GlobalData. Continue reading...
  
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• Metro Bank ignored my report of attempted scam

  29-05-2024 08:00
  
  Although fraudsters gave one of its account numbers, it was totally uninterested as I was not its customerI am the treasurer of a small charity, and recently received an email that appeared to come from the chair asking me to send a £780 payment to a supplier.I immediately realised that it was a scam – it wasn’t written in his style, and, when I looked closely, it hadn’t come from his email address. I replied asking what it was for, and then kept the dialogue going. Conti
  
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• A trip down the mines: West Midlands industry in the 1970s – in pictures

  29-05-2024 08:00
  
  In 1977, Janine Wiedel set out in her VW campervan to photograph potteries, jewellers, coal mines and steel works. It became one of the most important photographic works of its generation Continue reading...
  
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• Make accreditation mandatory for low-carbon heating installers, says Which?

  29-05-2024 07:00
  
  Widening government-run scheme would counter mistrust among householders, says consumer groupThe next government should force all tradespeople who install home heat pumps, solar panels and insulation to sign up to a mandatory accreditation scheme to counter mistrust in the industry, a leading consumer group is demanding.A report from Which? found that households face “significant anxiety” in choosing tradespeople to fit low-carbon heating systems, such as heat pumps, and insulation a
  
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• Revealed: how touts drew up secret plans to sabotage Labour’s ticket reforms

  29-05-2024 06:00
  
  Exclusive: Footage shows private event, attended by representatives of firms including StubHub and Viagogo, where £73,000 was raised for political lobbying‘No one needs their name near this’: the secret plot by touts to undermine Labour’s reformsSome of the most powerful ticket touts in the UK have discussed a secret plan to try to scupper a Labour crackdown on the industry via a lobbying campaign, footage filmed by the Guardian reveals.Touts and representatives of major
  
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• ‘No one needs their name near this’: the secret plot by touts to undermine Labour’s reforms

  29-05-2024 06:00
  
  Attendees at Coalition for Ticket Fairness dinner stump up thousands for fighting fund – because they know their time might be upRevealed: how touts drew up secret plans to sabotage Labour’s ticket reforms“You’ve sold concert tickets, you’ve sold sports tickets, you’ve sold football tickets, you’ve sold theatre tickets … You’ve made money or you wouldn’t be in this room.”The voice of Scot Tobias, one of America’s most succe
  
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