News from Business

Ted Baker chief takes ‘voluntary leave of absence’

Fashion house Ted Baker has announced its embattled boss Ray Kelvin will take a voluntary leave of absence following fresh allegations about his conduct. The business, which has its roots in Scotland, said its board had been made aware of “further...

Scotsman, 7 December 2018
 
Ted Baker founder Ray Kelvin to take leave of absence

Ted Baker founder Ray Kelvin to take leave of absence

Ted Baker founder Ray Kelvin is taking a leave absence from the fashion company after the board said it had been made aware of “further serious allegations” that it would be investigating. In a statement issued to the stock market just before it...

Guardian, 7 December 2018
 
Oil prices recover as Opec and allies agree to cut output

Oil prices recover as Opec and allies agree to cut output

Oil prices have rallied as the world’s major producers agreed a deeper-than-expected cut in output on Friday, recovering the losses of the previous day, when oil-rich states failed to reach a deal. Opec and allies including Russia, which together...

Guardian, 7 December 2018
 
Let’s move to Bangor, County Down: cheery charm and Belfast’s smart set

Let’s move to Bangor, County Down: cheery charm and Belfast’s smart set

What’s going for it? Bangor is quite the surprise. I’m not sure what I was expecting but I think it involved grey pebbledash. The town is full of cheer. Victorian townhouses painted the colour of sweeties. Freshly paved streets with perky new trees,...

Guardian, 7 December 2018
 
US jobs growth slows in November

US jobs growth slows in November

US jobs growth was weaker than expected last month, a slowdown that analysts blamed partly on a tight labour market. Employers added 155,000 jobs, with health care, manufacturing and transportation firms driving the growth, the Labor Department said....

BBC, 7 December 2018
 
US jobs growth slows dramatically despite record streak

US jobs growth slows dramatically despite record streak

America’s record breaking streak of job creation appears to be slowing. The Labor Department announced the US had added 155,000 in November, well below last month’s figures and economists’ forecasts. November was the 98th consecutive month of growth...

Guardian, 7 December 2018
 
Primark warning sends shivers through high street in festive run-up

Primark warning sends shivers through high street in festive run-up

Primark sent a shiver through the high street on Friday as it warned of “challenging” trading conditions, with Brexit jitters threatening the busiest shopping weeks of the year. Sales at the UK’s third-largest clothing retailer, behind Next and the...

Guardian, 7 December 2018
 
Broadband users overpaying up to £220 a year by not haggling

Broadband users overpaying up to £220 a year by not haggling

Broadband customers who fail to shop around at the end of their initial contract or haggle for a better deal from their supplier are overpaying by up to £220 a year. Analysis by Which? found BT’s broadband customers were paying the biggest loyalty...

Guardian, 7 December 2018
 

Scottish Edge gives record £1.8m injection for ambitious start-ups

A competition that provides grants to accelerate growth in Scotland’s start-ups has awarded a record £1.8 million to two dozen promising businesses. The winners of the 13th round of the Scottish Edge contest were confirmed yesterday with Edinburgh...

Scotsman, 7 December 2018
 
Paul Dacre paid almost £3m in final year as Daily Mail editor

Paul Dacre paid almost £3m in final year as Daily Mail editor

Paul Dacre took home almost £3m in his last year as editor of the Daily Mail. Dacre, who ended a 26-year stint in that role in the summer but remains with the company as chairman and editor-in-chief of Associated Newspapers, received total...

Guardian, 7 December 2018
 
Norwich Crystal House building to become gin distillery

Norwich Crystal House building to become gin distillery

A prominent Victorian glass and cast iron building is to take on a new lease of life as a gin distillery. Norwich City Council has granted permission for Bullards Spirits to change the use of the Crystal House in the city's Cattle Market Street. The...

BBC, 7 December 2018
 
UK house price growth slips to six-year low amid Brexit uncertainty

UK house price growth slips to six-year low amid Brexit uncertainty

House prices grew at the slowest rate in almost six years in November as wavering consumer confidence before the UK’s departure from the EU took its toll on the housing market. Prices grew by only 0.3% in the year to November, down from 1.5% in...

Guardian, 7 December 2018
 
US airport workers struggle to make ends meet as industry profits soar

US airport workers struggle to make ends meet as industry profits soar

Carlos Batista has worked at Orlando international airport for 12 years as a wheelchair attendant, a job where he often doesn’t make the federally required minimum hourly wage due to being classified as a tipped worker. Instead, the independent...

Guardian, 7 December 2018
 

New boss revealed for BT’s Scottish operations

Telecoms giant BT has appointed Jane Wood to lead its policy and public affairs teams in the UK devolved nations, English regions and Ireland. Wood, who joins the group from Business in the Community, will also lead the public facing functions of BT...

Scotsman, 7 December 2018
 
Facebook could threaten democracy, says former GCHQ boss

Facebook could threaten democracy, says former GCHQ boss

Facebook could become a threat to democracy without tougher regulation, the former head of spy agency GCHQ has said. Robert Hannigan told the BBC the social media giant was more interested in profiting from user data than "protecting your...

BBC, 7 December 2018
 


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