News from Business

Zoopla bars 'No DSS' rental ads

Zoopla bars 'No DSS' rental ads

Property website Zoopla has barred adverts that refuse to take renters on housing benefits. The National Housing Federation found one in ten adverts on Zoopla specified "no DSS" or "no housing benefit". The National Landlords...

BBC, 15 March 2019
 
Sir Martin Sorrell gets WPP payout a year after leaving

Sir Martin Sorrell gets WPP payout a year after leaving

A year after Sir Martin Sorrell resigned as head of the advertising giant WPP he will still receive shares worth £2.13m from the company. The pay-out is from WPP's long-term executive performance share plan, the Financial Times reported. Sir Martin...

BBC, 14 March 2019
 
Model Y: Tesla to unveil new electric crossover SUV

Model Y: Tesla to unveil new electric crossover SUV

Tesla is expected to unveil a new electric crossover SUV, the Model Y, during an event in Los Angeles on Thursday evening. The company claims the car is likely to be its bestselling vehicle. The vehicle will be the fifth model for the electric...

Guardian, 14 March 2019
 

Scottish food and drink exports hit record high

Food and drink exports from Scotland reached a record high of £6.3 billion last year, driven higher by surging whisky sales. Exports rose by £293 million in 2018, a 4.9 per cent increase year on year, according to HMRC figures. Whisky accounted for...

Scotsman, 14 March 2019
 
CBI: Brexit delay 'could only be a stay of execution'

CBI: Brexit delay 'could only be a stay of execution'

Business groups have welcomed Parliament voting to seek a delay to Brexit. But the CBI said that without a "radically new approach" to Brexit from MPs, a delay could only be "a stay of execution". And the BCC said the vote...

BBC, 14 March 2019
 
Ethiopian Airlines probe: What do we know?

Ethiopian Airlines probe: What do we know?

Ethiopian Airlines flight 302 crashed on Sunday morning killing all 157 people on board. It's led to a serious crisis for Boeing. The company manufactured the 737 Max 8 plane that was involved. The model has now been grounded globally as the pressure...

BBC, 14 March 2019
 

Shell CEO bags €20m on bumper pay day

The boss of Royal Dutch Shell received a 126 per cent pay rise last year, pocketing €20.1 million (£17m) after higher oil prices boosted profits at the energy giant. Chief executive Ben van Beurden saw his pay packet climb from €8.9m to more than €15m...

Scotsman, 14 March 2019
 
Shell CEO’s pay more than doubles to £17.2m

Shell CEO’s pay more than doubles to £17.2m

The pay of Shell’s CEO, Ben van Beurden, more than doubled in 2018 to hit €20.1m (£17.2m) as the oil company rewarded him for high profits. The pay package was the largest in the company’s history, except 2014 when complex pension calculations...

Guardian, 14 March 2019
 

Perthshire plumber opens Edinburgh base

Perthshire-headquartered plumber LW Haddow has expanded into Edinburgh to better serve its customers in the capital and the Lothians. After working across Perth and Kinross, Fife, and Tayside for more than 30 years, the family-run plumbing and heating...

Scotsman, 14 March 2019
 
Shareholders set to vote on Interserve restructuring plan

Shareholders set to vote on Interserve restructuring plan

Interserve could go into administration on Friday as the outsourcing group fights to win support for a restructuring plan ahead of a crunch vote. Shareholders will give their verdict at an emergency meeting on Friday on a proposal put forward by banks...

Guardian, 14 March 2019
 
Wage disparity growth linked to return of pre-crisis pay rises, IFS says

Wage disparity growth linked to return of pre-crisis pay rises, IFS says

A return to pre-crisis pay rises for bankers and company chief executives could explain why wages for Britain’s top 0.1% of earners are rising faster than for the rest of the population, the head of the Institute for Fiscal Studies has said. Britain’s...

Guardian, 14 March 2019
 
Ethiopian Airlines: Crash plane's black boxes sent to Paris

Ethiopian Airlines: Crash plane's black boxes sent to Paris

Investigators in France have taken charge of the crashed Ethiopian Airlines aircraft's black boxes as they attempt to uncover what caused the Boeing 737 Max disaster. The Bureau of Enquiry and Analysis for Civil Aviation Safety (BEA) received the...

BBC, 14 March 2019
 
Volkswagen boss apologises for Nazi pun

Volkswagen boss apologises for Nazi pun

The chief executive of Volkswagen has apologised for using a Nazi pun to describe the importance of boosting the group's profits. Herbert Diess used the line "Ebit macht frei" at a company event on Tuesday. The phrase echoes the slogan...

BBC, 14 March 2019
 
FCA plans clampdown on investment platform exit fees

FCA plans clampdown on investment platform exit fees

Britain’s financial watchdog plans to ban or cap exit fees charged by investment platforms such as Hargreaves Lansdown and AJ Bell, as part of sweeping changes to the £500bn industry. The Financial Conduct Authority has been looking into investment...

Guardian, 14 March 2019
 
Superdry rejects co-founder Dunkerton's 'damaging' renewal plan

Superdry rejects co-founder Dunkerton's 'damaging' renewal plan

Superdry has rejected a business plan proposed by its co-founder Julian Dunkerton and urged shareholders not to allow him back on the board. Mr Dunkerton stepped down from the board a year ago since when the shares had lost 70% of their value. Now he...

BBC, 14 March 2019
 


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