News from Business

Share sell-off drags FTSE 100 to two-year low

Share sell-off drags FTSE 100 to two-year low

UK shares have fallen sharply in morning trading, sending the benchmark FTSE 100 index to its lowest level since December 2016. Indexes in London and other European markets were all down more than 2% in a generalised share sell-off. Worst-hit sectors...

BBC, Thursday, 10:40
 
Mortgage arrears: Flaws found in support for the vulnerable

Mortgage arrears: Flaws found in support for the vulnerable

Mortgage lenders are failing to support some vulnerable people who have fallen behind on their repayments, the financial watchdog has said. Banks and building societies are generally treating those with long-term mortgage arrears well, the Financial...

BBC, Thursday, 10:40
 

Solid year for Ediston property trust but Brexit concerns linger

Ediston Property Investment Company (Epic) has reported a solid year of trading but warned of a more muted commercial property market in 2019. Releasing results for the 12 months to the end of September, Epic – which is managed by Edinburgh-based...

Scotsman, Thursday, 10:36
 

GoCompare links up with Edinburgh’s Money Dashboard to boost Open Banking appeal

Price comparison outfit GoCompare has announced a “strategic partnership” with Edinburgh-based personal finance app Money Dashboard, adding that the move will help it improve services and boost innovation. Money Dashboard is described as a “pioneer”...

Scotsman, Thursday, 10:36
 
Thames Water blames leak repair delays on weather

Thames Water blames leak repair delays on weather

Thames Water has warned that the summer heatwave and the “beast from the east” cold spell last winter delayed its progress on fixing leaks, as it reported a slump in half-year profits due to regulatory penalties. Britain’s biggest water company’s...

Guardian, Thursday, 09:26
 
Thames Water leak woes hit profits

Thames Water leak woes hit profits

Thames Water has reported a big fall in half-year profits, saying extreme weather has hindered its ability to fix leaks and overhaul its infrastructure. The company said the Beast from the East cold snap had caused pipes to burst, while the summer...

BBC, Thursday, 09:08
 
Ted Baker: law firm to investigate 'forced hugging' allegations

Ted Baker: law firm to investigate 'forced hugging' allegations

Ted Baker has confirmed it has appointed the law firm Herbert Smith Freehills to conduct an independent external investigation into allegations that the fashion retailer’s founder and chief executive, Ray Kelvin, forced hugs and kisses on employees....

Guardian, Thursday, 08:44
 
Thomas Cook let me down with its promise of ‘special assistance’

Thomas Cook let me down with its promise of ‘special assistance’

I booked with Thomas Cook to fly with my family to Florida for my wedding. I have a mobility disability, which, among other things, means I can’t bend my knees enough to sit in a regular seat and need extra leg room which cannot be next to an exit for...

Guardian, Thursday, 07:34
 

Brewing sector can add £1 billion to Scots economy each year by 2030

Scotland’s brewing sector has the potential become a £1 billion industry by 2030 by building on its “precious” global reputation, says a report released today by the national agency for food and drink. Trade association Scotland Food & Drink has...

Scotsman, Thursday, 06:54
 
Is the HS2 rail project in trouble?

Is the HS2 rail project in trouble?

All may not be rosy with the HS2 programme. There have been ongoing questions raised about whether the project can be delivered on time and within budget. And the recently-appointed HS2 chairman Sir Terry Morgan resigned from his post on Wednesday,...

BBC, Thursday, 00:16
 
Will Opec defy Trump's call for low oil prices?

Will Opec defy Trump's call for low oil prices?

Initially it is difficult see what President Donald Trump and Usman Ahsan, a taxi driver in Islamabad, the capital of Pakistan, have in common. One is the leader of the US, with an estimated personal fortune of $3.1bn (£2.4bn), the other is struggling...

BBC, Thursday, 00:16
 
BT removing Huawei equipment from parts of 4G network

BT removing Huawei equipment from parts of 4G network

BT has confirmed it is removing Huawei equipment from key areas of its 4G network, as concerns are raised about the Chinese firm’s presence in critical telecoms infrastructure. Governments in the US, New Zealand and Australia have already moved to...

Guardian, Wednesday, 18:54
 
Ted Baker vows swift investigation into 'forced hugging' claims

Ted Baker vows swift investigation into 'forced hugging' claims

A senior Ted Baker non-executive director will lead a “professional, impartial” and swift investigation into allegations that the company’s founder and chief executive, Ray Kelvin, forced hugs and kisses on employees. Sharon Baylay, a former BBC...

Guardian, Wednesday, 18:21
 
Clothing brand Joules stocks up in case of no-deal Brexit

Clothing brand Joules stocks up in case of no-deal Brexit

The British clothing brand Joules is stocking up early on next year’s spring and summer ranges and has rented an EU warehouse in preparation for a no-deal Brexit. The company said it was bringing forward its product orders for its spring and summer...

Guardian, Wednesday, 18:21
 
TSB staff to get £1,500 each as reward for handling IT fiasco

TSB staff to get £1,500 each as reward for handling IT fiasco

TSB is handing £1,500 to each employee by Christmas to reward staff for handling the fallout from its IT meltdown earlier this year. The payout will cost the bank £11m and temporarily replace the company’s March bonus, which is linked to annual...

Guardian, Wednesday, 18:21
 


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