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FedEx to buy TNT Express for $4.8bn

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U.S. courier delivery company FedEx has highlighted its intentions to expand globally with the purchase of Dutch-based rival TNT Express on Tuesday morning.

GoDaddy prices IPO at $20 per share: Report

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Web hosting company GoDaddy will price its initial public offering at $20 per share, above its previously indicated range, to value it around $4.5 billion including debt, Reuters reported on Tuesday, citing sources.

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Asda to cut up to 750 jobs

Asda has confirmed plans to cut up to 500 jobs in stores and 250 at its head office in Leeds as the retailer battles to protect profits while sales slide.