Business

IT COULD take five years to rebuild the creaking construction business Carillion after it plunged £1.15billion into the red, its boss warned yesterday. Daily Express :: City and Business Feed

DEUTSCHE Bank’s credit rating has been chopped, as Germany’s biggest lender struggles to win clients after its well publicised troubles last year. Daily Express :: City and Business Feed

A DOWNWARDS revision to annualised second-quarter UK gross domestic product today has seen the pound slump against the euro. Daily Express :: City and Business Feed

STORE revamps helped Moss Bros to sharpen up half-year profits as customers switched from hiring to buying suits. Daily Express :: City and Business Feed

LLOYD’S of London is braced for a $ 4.5billion hit from storms Harvey and Irma as its half-year profit fell by more than 16 per cent. Daily Express :: City and Business Feed

PAYDAY lender Wonga said a “transformation” of the business had put it on course for a profit this year. Daily Express :: City and Business Feed

HURRICANES in the Caribbean and a weak pound have failed to dent TUI’s financial targets. Daily Express :: City and Business Feed

BITCOIN’S price hit $ 4,200 amid news that South Korea is following China lead and banning Initial Coin Offering , as Japan has recognised 11 exchange operators. Daily Express :: City and Business Feed

THE POUND slumped against the US dollar once again this morning as investors were left disappointed by the UK’s latest GDP data. Daily Express :: City and Business Feed

CIGARETTES giant Imperial Brands ignited survival hopes for Palmer & Harvey yesterday after lining up emergency funding for the struggling wholesaler. Daily Express :: City and Business Feed