News from Business

Why was I sent an iPhone when I asked to cancel my order?

Why was I sent an iPhone when I asked to cancel my order?

Two months ago I ordered a reconditioned iPhone for £598.50 from Quick Mobile Fix. Two weeks later it had not been dispatched so I cancelled and was promised a refund. A month on, the unwanted handset arrived. I returned it but no refund. VT,...

Guardian, 8 February 2019
 
Pret a Manger charity to invest in homeless hostel in London

Pret a Manger charity to invest in homeless hostel in London

Pret a Manger’s charitable foundation is to invest in a homeless hostel in London as part of a project to provide jobs and training for people who once lived on the street. The Pret Foundation is funded by the sale of some products and customer...

Guardian, 8 February 2019
 
Controversial Sears rescue plan approved

Controversial Sears rescue plan approved

A US bankruptcy court has approved billionaire Eddie Lampert's controversial $5.2bn (£4bn) takeover of troubled US retailer Sears. The plan, announced in January, could keep more than 400 stores open and preserve up to 45,000 jobs. It was the only...

BBC, 7 February 2019
 
Flybe will wind up airline if shareholders reject sale

Flybe will wind up airline if shareholders reject sale

Flybe has warned shareholders it will wind up the airline if they do not back a sale to a consortium led by Virgin Atlantic and Stobart Air. The airline said failure to approve a sale would mean investors were unlikely to get anything for their...

BBC, 7 February 2019
 
Decision on Ramsgate Brexit port funding on hold

Decision on Ramsgate Brexit port funding on hold

A decision on budget cuts which could have prevented Ramsgate reopening as a ferry port in the event of a no-deal Brexit has been delayed. Thanet District Council had been set to cut £730,000 of spending on the port. But it delayed the decision at the...

BBC, 7 February 2019
 
Ikea to sell refurbished furniture to boost culture of recycling

Ikea to sell refurbished furniture to boost culture of recycling

Ikea is trialling the sale of used, patched-up furniture in the UK as part of its efforts to become more environmentally friendly. An earlier trial in Edinburgh will be expanded to Glasgow in June. The Swedish retailer is also launching a textile...

Guardian, 7 February 2019
 
British Airways told 'do better' as maternity pay policy emerges

British Airways told 'do better' as maternity pay policy emerges

British Airways’ stated commitment to recruiting more female pilots has been called into question after it emerged that the flag carrier offers only a “scandalous” six weeks’ maternity pay to its staff. Although BA has launched a recruitment drive to...

Guardian, 7 February 2019
 
Babcock announces 150 more job losses at Rosyth

Babcock announces 150 more job losses at Rosyth

Another 150 jobs are to be lost at the Babcock shipyard in Rosyth, the company has confirmed. The yard is currently working on the second of two aircraft carriers for the Royal Navy. In November 2017, the yard announced 250 redundancies, followed by a...

BBC, 7 February 2019
 
Bank of England warns UK economy set for worst year since financial crisis

Bank of England warns UK economy set for worst year since financial crisis

The Bank of England has warned the economy is on course for its weakest year since the global financial crisis, as evidence suggests Brexit jitters are spreading from companies to consumers. In its latest quarterly health check, the Bank cut its...

Guardian, 7 February 2019
 

Glasgow digital tech firm signs up former Shell executive to C-level post

A Glasgow-based digital technology company has announced the appointment of a former Shell senior executive as chief operating dfficer as it enters its next growth phase. Incremental Group has hired Kim McCann, who has also held senior positions with...

Scotsman, 7 February 2019
 

Acquisition of Peterhead oilfield firm marks UK debut for Norwegian player

A Peterhead-based business has been snapped up by a Norwegian inspection, maintenance and repair (IMR) company in a deal marking its debut in the UK market and providing a springboard for global growth. WellConnection Group, which describes itself as...

Scotsman, 7 February 2019
 
'Cyber attack' on Bernard Matthews staff bank details

'Cyber attack' on Bernard Matthews staff bank details

A suspected cyber attack "potentially compromised" the bank account details of 200 workers at Bernard Matthews. The Norfolk-based turkey producer said it was alerted by its bank on 22 January. "We reported the incident to the relevant...

BBC, 7 February 2019
 

Network chairman role for entrepreneur

A serial entrepreneur, venture capitalist and recruitment industry veteran has taken up the chairman seat at a support network for Scottish entrepreneurs as it looks to broaden its horizons. Paul Atkinson has joined WeDO Scotland, which was set up in...

Scotsman, 7 February 2019
 

Miller rolls out plans for almost 1,700 new Scottish homes

Miller Homes is launching 14 new developments across central Scotland in a move that will provide almost 1,700 homes and support thousands of jobs. The Edinburgh-based housebuilder said the sites were located across Dundee, Glasgow and the west of...

Scotsman, 7 February 2019
 
Twitter reports higher profits

Twitter reports higher profits

Twitter has reported a jump in profits for the final quarter of 2018, despite a fall in the number of people using the micro-blogging platform. Profits rose sharply to $255m (£197m), more than double the $91m profit it made a year earlier, as...

BBC, 7 February 2019
 


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