News from Business

Capital office changes hands in £66m deal

Property firm Patrizia Immobilien has completed the sale of an Edinburgh office complex. The German-headquartered company has sold the 1 Tanfield office development in Canonmills to Greenridge Investment Management, on behalf of a joint venture with...

Scotsman, Monday, 17:21
 

Chairman of Omega Diagnostics steps down

Medical testing kit specialist Omega Diagnostics has announced that chairman David Evans has resigned from the board and stepped down with immediate effect. The Alva-based business, which is focused on allergy, food intolerance and infectious disease,...

Scotsman, Monday, 15:06
 
Crossrail now delayed to 2020 and to cost another £2bn

Crossrail now delayed to 2020 and to cost another £2bn

The final bill for Crossrail could reach £17.6bn, with London picking up the likely £2bn shortfall for the new rail line that will now be delayed until at least 2020. A bailout has been agreed between the mayor of London, Sadiq Khan, and the...

Guardian, Monday, 14:40
 
Tycoon Vijay Mallya can be extradited to India, UK judge rules

Tycoon Vijay Mallya can be extradited to India, UK judge rules

The drinks tycoon Vijay Mallya can be extradited to India to face allegations of fraud, a UK judge has ruled. Mallya, the chairman of the UB Group, is wanted in his home country over debts incurred by his defunct Kingfisher Airline. The 62-year-old,...

Guardian, Monday, 14:28
 
Brexit anxiety sends pound to 18-month low

Brexit anxiety sends pound to 18-month low

The pound has fallen to an 18-month low against the dollar amid mounting uncertainty about the terms of the UK's exit from the EU. After reports that Theresa May is delaying Tuesday's vote on her Brexit deal, the pound fell to $1.2656, its lowest...

BBC, Monday, 13:24
 
UK’s nuclear plans in doubt after report Welsh plant may be axed

UK’s nuclear plans in doubt after report Welsh plant may be axed

Fresh doubts have been raised over prospects for the UK’s new nuclear power programme after a report that Hitachi is considering axing plans for a plant in Wales. The Japanese conglomerate’s mooted 2.9GW nuclear power station on Anglesey is next in...

Guardian, Monday, 12:44
 
Vijay Mallya should be extradited to India, London court rules

Vijay Mallya should be extradited to India, London court rules

Indian business tycoon Vijay Mallya should be extradited from the UK to India where he faces fraud charges, a London court has ruled. Mr Mallya attended Westminster Magistrates Court for the hearing. Mr Mallya, whose business empire once included...

BBC, Monday, 12:29
 
Domino's Pizza shares fall 7% amid franchise row

Domino's Pizza shares fall 7% amid franchise row

Shares in Domino's Pizza Group have dived 7% amid reports of an escalating row between the firm and its franchisees. According to the Sunday Times, 11 of the company's biggest franchisees have written to the board threatening to "declare...

BBC, Monday, 12:29
 
UK economy slows as car sales fall

UK economy slows as car sales fall

Growth in the UK's economy has slowed as car sales fell and the manufacturing sector stalled, the Office for National Statistics (ONS) has said. The economy grew by 0.4% in the three months to October, slower than the 0.6% in the three months to...

BBC, Monday, 10:15
 
Outsourcing firm Interserve's shares dive by 75% despite rescue plan

Outsourcing firm Interserve's shares dive by 75% despite rescue plan

The crisis surrounding outsourcing firm Interserve intensified on Monday as its shares lost more than 75% of their value, crashing to just 6p, as the government contractor battles to negotiate its second rescue deal this year. The heavily indebted...

Guardian, Monday, 09:19
 
Interserve rescue plan prompts share collapse

Interserve rescue plan prompts share collapse

Shares in Interserve - one of the UK's largest providers of public services - have collapsed after it revealed it is seeking a rescue deal. The firm, which works in prisons, schools, hospitals and on the roads, has £500m of debts and says its rescue...

BBC, Monday, 08:59
 
Vijay Mallya: India's most controversial businessman?

Vijay Mallya: India's most controversial businessman?

Controversial tycoon Vijay Mallya is waiting to learn whether he will be extradited to India to face charges of financial crimes. Once called the "King of Good Times" due to his extravagant lifestyle, the businessman has been embroiled in...

BBC, Monday, 08:59
 
Stock markets slide again as trade war and growth fears mount - business live

Stock markets slide again as trade war and growth fears mount - business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. It’s a new week, but the same old story. Global financial markets are sliding amid worries about trade war tensions and the...

Guardian, Monday, 08:00
 
Hedge funds make big bets against post-Brexit UK economy

Hedge funds make big bets against post-Brexit UK economy

A pair of hedge funds owned by prominent Brexit supporters have made significant bets against companies exposed to the British consumer including big high street names. Odey Asset Management, part-owned by Crispin Odey, and Marshall Wace, part-owned...

Guardian, Monday, 07:22
 
Can I refuse to allow a letting agent to take photos of my flat?

Can I refuse to allow a letting agent to take photos of my flat?

Q I currently live in a rented flat but I am buying a house. I have given notice to my letting agent and my tenancy is due to end in a month. The letting agent wants to come to my flat and take photos of it so they can put these photos on the internet...

Guardian, Monday, 07:22
 


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