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Sports Direct's Mike Ashley cancels Patisserie Valerie bid

Sports Direct's Mike Ashley cancels Patisserie Valerie bid

Mike Ashley's Sports Direct has cancelled a bid for collapsed cafe chain Patisserie Valerie, just two days after making an offer. The retail billionaire announced his bid for the chain on Friday evening. Sports Direct offered £15m, but was told by...

BBC, 10 February 2019
 

Fife social enterprise bags second young people award

A Fife-based social enterprise cafe is celebrating after gaining Investors in Young People accreditation for a second time. St Andrews-based We Are Zest provides training and paid work for people with additional support needs to help them gain...

Scotsman, 10 February 2019
 
Exposed: hidden travel agent fees send air fares sky high

Exposed: hidden travel agent fees send air fares sky high

Online travel agent Opodo seemed to offer the best deal when Des McGhee searched Kayak, the price comparison website, for a flight from London to Glasgow. Until he reached Opodo’s checkout page, that is. The price had more than doubled, from the...

Guardian, 10 February 2019
 
Scottish government launches £10m Saltire Fund

Scottish government launches £10m Saltire Fund

A £10m prize for the development of technology to harness tidal power has been relaunched in Scotland. The Scottish government said it was offering the Saltire Fund to help commercialise clean energy and lower operating costs. It comes after the...

BBC, 10 February 2019
 
Goldman Sachs' role in the 1MDB scandal - in 300 words

Goldman Sachs' role in the 1MDB scandal - in 300 words

The 1MDB corruption scandal has cast a shadow over Goldman Sachs, raising questions about how much the US investment bank knew about the misconduct. What is Goldman accused of? The firm helped raise $6.5bn (£5bn) for the Malaysian development fund,...

BBC, 10 February 2019
 
Families facing perfect storm of rises in utility bills

Families facing perfect storm of rises in utility bills

Price hikes in essential utilities that are set to be introduced in April could result in families plunging into the red and having to turn to moneylenders, consumer campaigners have warned. The average household will have to pay hundreds of pounds...

Guardian, 10 February 2019
 

Edinburgh University enlists Cisco to back hi-tech start-ups

IT and networking giant Cisco has announced a partnership with the University of Edinburgh to collaborate on artificial intelligence and data-driven innovation, a key part of the £1.3 billion Edinburgh and South East Scotland City Region Deal. As the...

Scotsman, 10 February 2019
 

The Big Interview: Brie Read of Snag tights

Entrepreneurs the world over will testify that leading a start-up to break even in its first year of trading is no mean feat. A company turning a profit before its first anniversary is even rarer. But that’s precisely what online hosiery brand Snag...

Scotsman, 9 February 2019
 

Profitable RBS tipped to declare special dividend

Royal Bank of Scotland will move a step closer towards full private ownership this week when it books a second consecutive year of annual profits. City analysts forecast that the bank will see bottom-line profits nearly double from £752 million last...

Scotsman, 9 February 2019
 
Pressure mounts to strip Green of knighthood

Pressure mounts to strip Green of knighthood

Pressure was mounting last night for controversial businessman Sir Philip Green to lose his knighthood following allegations that he had sexually and racially abused his staff. “If the allegations are true, then Philip Green should be stripped of his...

Guardian, 9 February 2019
 

Spaceflight company shows off new rocket with 3-D printed engine

A spaceflight company has unveiled a new rocket as it opened its headquarters and rocket design facility in the Highlands. Orbex, which is involved in plans to create a spaceport in Sutherland, said its new base in Forres, Moray, will bring more than...

Scotsman, 9 February 2019
 
I’ve covered nine financial crises since the 1960s. Here’s what I learned

I’ve covered nine financial crises since the 1960s. Here’s what I learned

I wanted to be a journalist from an early age – the age when most of my (male) contemporaries out there in west Wimbledon had set their sights on becoming footballers or engine drivers. At Wimbledon College I produced an underground (handwritten)...

Guardian, 9 February 2019
 
Amazon rethinks plan for New York HQ amid fierce opposition

Amazon rethinks plan for New York HQ amid fierce opposition

Amazon is reconsidering plans for a new headquarters in New York amid a torrent of public opposition. Executives have had internal discussions about whether to proceed with the New York plan or explore alternatives, the Washington Post reported,...

Guardian, 9 February 2019
 
US billionaire's London property splurge spurs calls to keep tax local

US billionaire's London property splurge spurs calls to keep tax local

The body representing regional government in England and Wales has called for more taxation to be retained by local councils in the wake of two huge London property purchases by a US hedge fund billionaire. Three of the most expensive homes in the...

Guardian, 9 February 2019
 
Mother hit with £4,500 tax charge for child benefit

Mother hit with £4,500 tax charge for child benefit

Are you at risk of being landed with a bombshell bill for child benefit you shouldn’t have received? A mother of two was stunned to be hit with a demand from the taxman for almost £5,400 – the vast majority of which was child benefit to which she...

Guardian, 9 February 2019
 


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