News from Business

UK energy price cap approved by MPs

Millions of British homes are in line for lower gas and electricity bills this winter after parliament approved a law capping energy tariffs. The energy regulator Ofgem is now required to cap standard variable tariffs offered by the ‘big six’ energy...

The Week, today, 14:30
 

What is a currency war and could Trump trigger one?

As the US-China trade war continues to undermine global economic confidence, Donald Trump sparked new fears among investors last night by threatening a currency war with Beijing. The Chinese yuan weakened by nearly 1% against the dollar yesterday and...

The Week, today, 14:30
 

Perthshire glazing business becomes nation’s latest employee-owned firm

A Perth-based glazing company founded 25 years ago has joined the growing number of employee-owned businesses in Scotland. A dozen members of staff have now become the owners of Balhousie Glazing, which operates throughout Perth, Dundee and beyond,...

Scotsman, yesterday, 18:59
 

Poundworld to close all high street stores

Poundworld is likely to close all its stores next month, it was announced today. Administrators at Deloitte have announced the budget retail chain will shut down a further 78 stores across the country by 29 July, and is likely close its remaining...

Scotsman, yesterday, 18:59
 
Comcast likely to be new owner of Sky

Comcast likely to be new owner of Sky

Comcast is likely to be the new owner of Sky, BBC Business Editor Simon Jack has learned. It means that Rupert Murdoch's 21st Century Fox is unlikely to succeed in its bid to take full control of Sky. Instead, Disney will buy assets from Fox including...

BBC, yesterday, 18:59
 
Poundworld to disappear from the High Street

Poundworld to disappear from the High Street

Poundworld has announced the closure of its remaining 190 stores with the loss of 2,339 jobs. The discount goods retailer, which went into administration in June, said the stores would close by 10 August. In total the collapse of the chain, which had...

BBC, yesterday, 17:26
 

Pickering’s cheers Chinese gin and seafood bar

Edinburgh-based gin maker Pickering’s is gearing up for the launch of its first ever dedicated gin and seafood bar in Beijing this weekend. The venue, which will be located in the popular Chaoyang district of Beijing, showcases Pickering’s gins...

Scotsman, yesterday, 16:54
 
Comcast backs down in fight for 21st Century Fox

Comcast backs down in fight for 21st Century Fox

Comcast has abandoned its pursuit of 21st Century Fox's film and television assets, leaving Disney in pole position as the sole bidder. The US media giant said it will focus on its bid for Sky, which like Fox is controlled by Rupert Murdoch. Disney...

BBC, yesterday, 14:55
 
Royal Mail hit by shareholder revolt over bosses' pay

Royal Mail hit by shareholder revolt over bosses' pay

Royal Mail shareholders have rebelled against its pay plans for top executives following a row over a salary rise for its new boss. The directors' remuneration report was rejected by about 70% of shareholders in a vote, which is non-binding, at Royal...

BBC, yesterday, 14:55
 
Two former traders jailed in Euribor rate-rigging case

Two former traders jailed in Euribor rate-rigging case

Two former traders have been jailed for plotting to rig the Euribor global interest rate. Former Deutsche Bank employee Christian Bittar, 46, was sentenced to five years and four months at Southwark Crown Court on Thursday. Philippe Moryoussef, 50, a...

BBC, yesterday, 14:18
 

Growth on cards at headhunter Denholm

Specialist marketing recruitment agency and headhunter Denholm has strengthened its top team after booking double-digit revenue growth during the first half of the year. Jackie Anderson, who is head of agency, and Fiona Todd – head of Glasgow – have...

Scotsman, yesterday, 14:18
 
Google's Loon brings internet-by-balloon to Kenya

Google's Loon brings internet-by-balloon to Kenya

A network of giant balloons will soon bring internet access to remote regions of rural Kenya. Google's sister-company Loon has announced its first commercial deal: partnering with Telkom Kenya to deliver connectivity to the region. The firm's...

BBC, yesterday, 14:18
 
Gaucho closes Cau chain and cut 540 jobs

Gaucho closes Cau chain and cut 540 jobs

The Gaucho restaurant group is closing down its Cau chain at the cost of 540 jobs. Accountancy firm Deloitte has been appointed as the administrator to the specialist steak group. It said all 22 branches of Cau would close to allow the group to focus...

BBC, yesterday, 14:18
 
Persimmon homeowners in Newquay warn would-be buyers with signs

Persimmon homeowners in Newquay warn would-be buyers with signs

A couple living on a new housing estate have put up signs in their windows urging potential buyers not to buy the properties. Lucy and Guy Sousse moved into the estate in Newquay, Cornwall, a year ago and say Persimmon Homes promised to complete...

BBC, yesterday, 14:18
 
Burberry burns bags, clothes and perfume worth millions

Burberry burns bags, clothes and perfume worth millions

Burberry, the upmarket British fashion label, destroyed unsold clothes, accessories and perfume worth £28.6m last year to protect its brand. It takes the total value of goods it has destroyed over the past five years to more than £90m. Fashion firms...

BBC, yesterday, 12:17
 


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