News from Business

Scottish distilleries to receive boost from new tax allowances

Johnston Carmichael has highlighted its advisory work on £100 million of new distillery developments across Scotland, as the firm suggests an increase in available allowances is poised to boost the country’s distillery boom. The accountancy and...

Scotsman, yesterday, 19:35
 
Co-founder takes a swipe at Superdry business model

Co-founder takes a swipe at Superdry business model

The Superdry co-founder Julian Dunkerton has stepped up his campaign to return to the fashion retailer by voicing his concerns over the company’s direction in a City stockbroker note. In an unusual intervention, Dunkerton criticised the firm’s...

Guardian, yesterday, 19:19
 
Inflation bites wealthy Britons as price rises hit luxury goods

Inflation bites wealthy Britons as price rises hit luxury goods

The wealthiest Britons are experiencing inflation at twice the rate of the rest of the UK population as the prices of goods and services favoured by the richest 1% – oysters, fine wines, Michelin star restaurants and elite private schools – are rising...

Guardian, yesterday, 19:19
 
Pound falls to lowest in almost two years amid Brexit uncertainty

Pound falls to lowest in almost two years amid Brexit uncertainty

The pound has dropped to its lowest level for almost two years amid the growing risks to the British economy from political paralysis over Brexit and on a no-deal scenario. Theresa May’s decision to delay the parliamentary vote on her Brexit plan to...

Guardian, yesterday, 18:55
 
Gambler's victims to sue bookmakers where he spent stolen cash

Gambler's victims to sue bookmakers where he spent stolen cash

Two of the UK’s largest bookmakers are facing compensation claims worth £1.5m over allegations that they allowed a gambling addict to bet hundreds of thousands of pounds in stolen cash. Betting shop records seen by the Guardian show that the addict,...

Guardian, yesterday, 17:23
 

Capital office changes hands in £66m deal

Property firm Patrizia Immobilien has completed the sale of an Edinburgh office complex. The German-headquartered company has sold the 1 Tanfield office development in Canonmills to Greenridge Investment Management, on behalf of a joint venture with...

Scotsman, yesterday, 17:21
 

Chairman of Omega Diagnostics steps down

Medical testing kit specialist Omega Diagnostics has announced that chairman David Evans has resigned from the board and stepped down with immediate effect. The Alva-based business, which is focused on allergy, food intolerance and infectious disease,...

Scotsman, yesterday, 15:06
 
Crossrail now delayed to 2020 and to cost another £2bn

Crossrail now delayed to 2020 and to cost another £2bn

The final bill for Crossrail could reach £17.6bn, with London picking up the likely £2bn shortfall for the new rail line that will now be delayed until at least 2020. A bailout has been agreed between the mayor of London, Sadiq Khan, and the...

Guardian, yesterday, 14:40
 
Tycoon Vijay Mallya can be extradited to India, UK judge rules

Tycoon Vijay Mallya can be extradited to India, UK judge rules

The drinks tycoon Vijay Mallya can be extradited to India to face allegations of fraud, a UK judge has ruled. Mallya, the chairman of the UB Group, is wanted in his home country over debts incurred by his defunct Kingfisher Airline. The 62-year-old,...

Guardian, yesterday, 14:28
 
Brexit anxiety sends pound to 18-month low

Brexit anxiety sends pound to 18-month low

The pound has fallen to an 18-month low against the dollar amid mounting uncertainty about the terms of the UK's exit from the EU. After reports that Theresa May is delaying Tuesday's vote on her Brexit deal, the pound fell to $1.2656, its lowest...

BBC, yesterday, 13:24
 
UK’s nuclear plans in doubt after report Welsh plant may be axed

UK’s nuclear plans in doubt after report Welsh plant may be axed

Fresh doubts have been raised over prospects for the UK’s new nuclear power programme after a report that Hitachi is considering axing plans for a plant in Wales. The Japanese conglomerate’s mooted 2.9GW nuclear power station on Anglesey is next in...

Guardian, yesterday, 12:44
 
Vijay Mallya should be extradited to India, London court rules

Vijay Mallya should be extradited to India, London court rules

Indian business tycoon Vijay Mallya should be extradited from the UK to India where he faces fraud charges, a London court has ruled. Mr Mallya attended Westminster Magistrates Court for the hearing. Mr Mallya, whose business empire once included...

BBC, yesterday, 12:29
 
Domino's Pizza shares fall 7% amid franchise row

Domino's Pizza shares fall 7% amid franchise row

Shares in Domino's Pizza Group have dived 7% amid reports of an escalating row between the firm and its franchisees. According to the Sunday Times, 11 of the company's biggest franchisees have written to the board threatening to "declare...

BBC, yesterday, 12:29
 
UK economy slows as car sales fall

UK economy slows as car sales fall

Growth in the UK's economy has slowed as car sales fell and the manufacturing sector stalled, the Office for National Statistics (ONS) has said. The economy grew by 0.4% in the three months to October, slower than the 0.6% in the three months to...

BBC, yesterday, 10:15
 
Outsourcing firm Interserve's shares dive by 75% despite rescue plan

Outsourcing firm Interserve's shares dive by 75% despite rescue plan

The crisis surrounding outsourcing firm Interserve intensified on Monday as its shares lost more than 75% of their value, crashing to just 6p, as the government contractor battles to negotiate its second rescue deal this year. The heavily indebted...

Guardian, yesterday, 09:19
 


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