News from Business

UK retail sales bounce back in January

UK retail sales bounce back in January

Retail sales bounced back sharply in January, rising by 1% on the previous month, official figures showed. The Office for National Statistics (ONS) said the amount of goods sold rose by 1%, after falling by 0.7% in December, with discounts in clothing...

BBC, Friday, 09:55
 
Hotel chain struggles to recruit EU workers

Hotel chain struggles to recruit EU workers

Millennium & Copthorne Hotels has blamed a shortage of workers due to Brexit uncertainty for contributing to falling profits. The hotel chain reported a 28% fall in pre-tax profits to £106m for the 12 months to 31 December 2018, compared with the...

BBC, Friday, 09:14
 
US woes weigh on markets ahead of UK retail sales - business live

US woes weigh on markets ahead of UK retail sales - business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Donald Trump’s readiness to declare a national emergency in order to build his border wall with Mexico has been weighing on on...

Guardian, Friday, 08:13
 
Facebook may face multibillion-dollar US fine over privacy lapses – report

Facebook may face multibillion-dollar US fine over privacy lapses – report

The US government and Facebook are negotiating a settlement over the company’s privacy lapses that could require the online social network to pay a multibillion-dollar fine, the Washington Post reported on Thursday. The newspaper said that the US...

Guardian, Friday, 07:55
 
Sports store that boycotted Nike over Colin Kaepernick ads forced to close

Sports store that boycotted Nike over Colin Kaepernick ads forced to close

Last fall, the launch of Nike’s 30th anniversary “Just Do It” advertising campaign, which starred ex-NFL star and social justice activist Colin Kaepernick, generated plenty of criticism. Vitriol poured on to social media; some disgruntled customers...

Guardian, Friday, 07:55
 
RBS profits more than double to £1.6bn

RBS profits more than double to £1.6bn

Royal Bank of Scotland’s profits more than doubled last year, prompting fresh dividend payouts that will mean nearly £1bn heading to government coffers. The lender – which is still 62% owned by the UK government – said full-year profits surged to...

Guardian, Friday, 07:39
 
RBS annual profit doubles to £1.6bn

RBS annual profit doubles to £1.6bn

Royal Bank of Scotland has reported profits of £1.62bn for 2018, more than double the £752m it made last year. The bank, which is 62%-owned by the government, said it would pay £977m to the Treasury through dividend payments. RBS chief executive Ross...

BBC, Friday, 07:36
 
BBC launches eco-friendly fashion and lifestyle brand

BBC launches eco-friendly fashion and lifestyle brand

The BBC is launching a sustainable fashion and lifestyle brand based on its Blue Planet and Planet Earth series, in an effort to capitalise on viewers inspired by the shows and presenter David Attenborough’s warnings about the effect humankind is...

Guardian, Friday, 07:34
 

Performing arts academy predicts threefold revenue rise

An Edinburgh-based performing arts school is eying a threefold revenue rise and a major expansion after requests for its services have soared. Applications doubled at The MGA Academy of Performing Arts last year, reaching 1,800 for 90 places, after it...

Scotsman, Friday, 07:15
 
A380: a comfortable, eerily quiet cruise ship of the skies

A380: a comfortable, eerily quiet cruise ship of the skies

The first thing you noticed was the silence. Even sitting by the engines at takeoff, you didn’t need to raise your voice on the A380 superjumbo. The quiet was almost eery. It was a monstrous double-decker so big it that felt like traveling in two...

Guardian, Thursday, 17:36
 
Amazon cancels New York City campus plan

Amazon cancels New York City campus plan

Amazon has said it will not build a new headquarters in New York City, citing fierce opposition from state and local politicians. The dramatic turnabout comes just months after the firm named New York City one of two sites selected for major expansion...

BBC, Thursday, 17:29
 

Tech awards confirm BookingGo chief as judge ahead of entry deadline

The Northern Tech Awards, which aims to recognise and celebrate the fastest growing tech companies in Scotland and northern England, has confirmed the latest addition to its judging panel ahead of applications for the event closing next week. The...

Scotsman, Thursday, 16:47
 
Butlers in the Buff wins trademark case

Butlers in the Buff wins trademark case

A company providing semi-naked men to serve drinks and food at parties has successfully stopped another firm using its trademark. Bristol-based Butlers in the Buff (BITB) settled out of court with a company based in Newquay, Cornwall, which offers...

BBC, Thursday, 16:16
 
Brexit: What trade deals has the UK done so far?

Brexit: What trade deals has the UK done so far?

As a European Union member, the UK is automatically part of about 40 trade agreements which the EU has with more than 70 countries. If the UK leaves the EU without a deal on 29 March, it would lose these trade deals immediately. To avoid this, Theresa...

BBC, Thursday, 16:16
 
Renewable energy will be world's main power source by 2040, says BP

Renewable energy will be world's main power source by 2040, says BP

Renewable energy sources will be the world’s main source of power within two decades and are establishing a foothold in the global energy system faster than any fuel in history, according to BP. The UK-based oil company said wind, solar and other...

Guardian, Thursday, 15:12
 


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