News from Business

Climate change: Pledge to cut emissions from dairy farms

Climate change: Pledge to cut emissions from dairy farms

A dairy firm is pledging to make its operations carbon-neutral from cow to supermarket by 2050, including more than 2,000 farms in the UK. This will require "radical changes" over the coming decades, including developing new technologies,...

BBC, 11 March 2019
 
Smart speakers and bakeware added to UK inflation basket

Smart speakers and bakeware added to UK inflation basket

Alexa, what is the rate of UK inflation? Smart speakers such as the Amazon Echo and Google Home have been added to the list of items monitored by the government to ensure the UK’s measure of the cost of living reflects the spending habits of modern...

Guardian, 11 March 2019
 
Levi Strauss seeks $6.2bn valuation in stock market listing

Levi Strauss seeks $6.2bn valuation in stock market listing

The 166-year-old jeans maker Levi Strauss is to seek a valuation of nearly $6.2bn (£4.7bn) in a stock market float that will restore it to public ownership after three decades as a private company. The company, credited with the invention of blue...

Guardian, 11 March 2019
 
Brexit 'sees UK finance firms move £900bn to Europe'

Brexit 'sees UK finance firms move £900bn to Europe'

A report into the impact of Brexit on banking and finance firms says some £900bn in financial firms' assets have been moved out of the UK. It adds this has cost £3bn-4bn and involves 5,000 expected staff moves or local hires, and that figure will...

BBC, 11 March 2019
 
Brilliant Energy fails to live up to its name

Brilliant Energy fails to live up to its name

Brilliant Energy - which supplied gas and electricity to 17,000 households - has ceased trading, marking the latest casualty in the sector this winter. The business, based in Gosforth, had boasted of providing a "straightforward" service at...

BBC, 11 March 2019
 
Number of empty homes in England rises to more than 216,000

Number of empty homes in England rises to more than 216,000

The number of empty homes across England has risen for the second consecutive year to more than 216,000, the highest level since 2012, according to official figures. The number of long-term vacant properties – those that have been empty for at least...

Guardian, 11 March 2019
 
No-deal Brexit: Ryanair to ban UK citizens from buying more shares

No-deal Brexit: Ryanair to ban UK citizens from buying more shares

British citizens who own shares in Ryanair will be barred from buying more stock, voting on company resolutions or attending annual shareholder meetings if a no-deal Brexit goes ahead, the Dublin-based carrier said on Monday. EU regulations require...

Guardian, 11 March 2019
 

Closing credits: the battle to save 1930s Odeon cinemas – photo essay

The two films shown on the opening night of Odeon founder Oscar Deutsch’s first cinema in October 1928 may have been silent – but it certainly got residents of the small town of Brierley Hill in present-day West Midlands talking. Designed in Assyrian...

Guardian, 11 March 2019
 
Tesla performs U-turn over store closures

Tesla performs U-turn over store closures

Tesla has reversed a decision to close all its stores and move to an online-only sales model, the company has announced, pending the results of a further review on the usefulness of physical locations. The initial decision was made as part of a plan...

Guardian, 11 March 2019
 
Judicial review of Heathrow airport third runway decision begins

Judicial review of Heathrow airport third runway decision begins

Five judicial reviews challenging the legality of the government’s decision to allow a third runway at Heathrow airport have begun in the high court. Protesters against the decision by the transport secretary, Chris Grayling, to approve the expansion...

Guardian, 11 March 2019
 

Crerar Hotels pushes upmarket with £15m investment

Crerar Hotels is to undertake a multi-million-pound overhaul of its portfolio as it looks to position itself at the “top end” of the Scottish hospitality sector. The firm, which is run by controlling shareholder and chief executive Paddy Crerar, said...

Scotsman, 11 March 2019
 
No deal Brexit and how businesses are planning for it

No deal Brexit and how businesses are planning for it

We're still no clearer on what will happen on 29 March when the UK is set to leave the European Union. The prime minister doesn't seem any closer to getting a deal finalised and leaving without one remains an option. If that happens it means the UK...

BBC, 11 March 2019
 
Superdry urges investors to reject co-founder's board bid

Superdry urges investors to reject co-founder's board bid

Superdry is calling on shareholders to reject co-founder Julian Dunkerton’s bid to get back on the board, arguing in a strongly worded statement that the former chief executive’s return would be “extremely damaging” to the business. The struggling...

Guardian, 11 March 2019
 
Debenhams confirms it is in talks about borrowing £150m

Debenhams confirms it is in talks about borrowing £150m

Debenhams has confirmed it is in advanced negotiations about borrowing £150m as it battles for survival. The funding, which would be in addition to £520m of long-term debts, is intended to ensure credit insurers restore cover for Debenhams’ suppliers...

Guardian, 11 March 2019
 
Turkey's economy slides into recession

Turkey's economy slides into recession

Turkey went into recession at the end of last year, according to the country's official statistics office. The Turkish Statistical Institute said the economy shrank by 2.4% in the fourth quarter of 2018, from the previous quarter. It followed a 1.6%...

BBC, 11 March 2019
 


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