News from Business

Brexit doubts leave firms 'hung out to dry'

Brexit doubts leave firms 'hung out to dry'

UK firms have accused the government of leaving them "hung out to dry" in the event of a no-deal Brexit. With less than 50 days until 29 March when the UK is due to leave the EU, the British Chambers of Commerce (BCC) says 20 key questions...

BBC, Tuesday, 22:49
 

Sales buzzing as hospitality group invests in new venues

Buzzworks Holdings, the Scottish hospitality group behind a string of venues including a new restaurant at the Port Edgar Marina in South Queensferry, has reported a healthy hike in sales. The family business, which runs a dozen restaurants and bars...

Scotsman, Tuesday, 21:52
 
Digital ad market under fresh scrutiny amid competition concerns

Digital ad market under fresh scrutiny amid competition concerns

Facebook and Google could be forced to open up their businesses and share details of how their advertising model works, after the government backed an investigation into concerns that their dominance of the online advertising business is hurting news...

Guardian, Tuesday, 19:49
 
Debenhams hopes rise as major supplier adds support to cash fillip

Debenhams hopes rise as major supplier adds support to cash fillip

Hopes for the survival of Debenhams have risen after the department store confirmed it had agreed a £40m lifeline from lenders and a deal with a major supplier to improve the quality of its own-label clothing. The company said it had secured an...

Guardian, Tuesday, 19:35
 
Fracking firm Cuadrilla loses planning appeal for second UK site

Fracking firm Cuadrilla loses planning appeal for second UK site

Campaigners have welcomed the government’s decision to reject a planning appeal by shale gas firm Cuadrilla to frack at a second site in Lancashire, capping a week of bad news for the industry. James Brokenshire, the communities secretary, said he was...

Guardian, Tuesday, 19:23
 
HMRC data shows Scotch exports hit record high in 2018

HMRC data shows Scotch exports hit record high in 2018

Exports of Scotch whisky hit a record high last year, according to new figures. Analysis of HMRC data by the Scotch Whisky Association (SWA) found exports grew 7.8% by value to £4.7bn. The number of bottles exported also reached record levels, growing...

BBC, Tuesday, 18:32
 
Liberty London department store could be sold for £350m

Liberty London department store could be sold for £350m

The department store Liberty London has been put on the market with a potential £350m price tag. The retail landmark, which was founded by Arthur Lasenby Liberty in 1875 with a £2,000 loan from his future father-in-law, has grown to become an...

Guardian, Tuesday, 18:23
 
Haynes motor manual founder dies aged 80

Haynes motor manual founder dies aged 80

The founder of the Haynes motor manuals - known for their distinctive "exploding" diagrams - has died aged 80. John Haynes started the firm after helping fix a Austin Healey Sprite and realising the official manual was "not designed to...

BBC, Tuesday, 16:05
 

House of Bruar sees annual turnover jump by tenth as upgrade continues

Perthshire-based luxury retail destination the House of Bruar has seen annual turnover grow by almost a tenth, boosted by a jump in direct business, and with work under way to enhance its facilities. However, the business also expressed concern over...

Scotsman, Tuesday, 15:58
 

Polar bear invasion terrorises Russian town

A group of more than 50 polar bears has invaded a Russian town on a remote Arctic island, prompting local officials to declare a state of emergency. The animals have reportedly lost their fear of humans, and have been wandering the halls of apartment...

The Week, Tuesday, 15:50
 
Brexit: Mark Carney warns of no-deal 'economic shock'

Brexit: Mark Carney warns of no-deal 'economic shock'

The Bank of England governor has urged MPs to solve the Brexit impasse in a speech warning of growing threats to the global economy. Mark Carney said that failure to agree a Brexit deal would create an "economic shock" for the UK. It would...

BBC, Tuesday, 15:07
 
MPs press Treasury to abandon 'absurd' inflation measures

MPs press Treasury to abandon 'absurd' inflation measures

The government is coming under intense pressure to either abandon or fix the “grossly unfair” RPI inflation index which MPs say is penalising students and rail passengers. In a rare combined letter from parliamentarians in both the House of Commons...

Guardian, Tuesday, 13:19
 
Family gangs 'exploit pension savers'

Family gangs 'exploit pension savers'

Fraudster families are spearheading attempts to steal pension savings totalling millions of pounds, investigators have said. Married couples and their adult children have been identified as leading crime groups involved in the fraud by those tackling...

BBC, Tuesday, 13:14
 
British Gas prepayment top-ups hit by IT fault

British Gas prepayment top-ups hit by IT fault

Customers have been struggling to top up their pay-as-you-go energy meters owing to a fault at British Gas. Those on prepayment meters have been unable to pay via the supplier's website and app. The company - the largest supplier in the UK - has...

BBC, Tuesday, 12:44
 
Vale 'knew collapsed dam was at risk', says report

Vale 'knew collapsed dam was at risk', says report

The owner of a mining dam that collapsed in Brazil last month, killing 165, knew it was at a heightened risk of failure, Reuters claims in a report. According to an internal report seen by the news agency, Vale was aware the Minas Gerais dam breached...

BBC, Tuesday, 11:05
 


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