Business

Scottish government launches £10m Saltire Fund

Image copyright Getty Images A £10m prize for the development of technology to harness tidal power has been relaunched in Scotland. The Scottish government said it was offering the Saltire Fund to help commercialise clean energy and lower operating costs. It comes after the original competition, conceived in 2008, was ended in 2017 without anyone […]

Business

What effect has Brexit had on the UK economy?

Image copyright PA Image caption Economic growth has not been disastrous, but nor has it been sparkling There may still be more than a month to go until Brexit is scheduled to happen, but there has already been some fallout from the decision to leave. Most recently, the prolonged uncertainty – what the governor of […]

Business

Patisserie Valerie seeks bank lifeline

Image copyright Getty Images Troubled cake chain Patisserie Valerie is facing a crucial few days after a deal with its banks expired on Friday. The UK firm said in October it had uncovered “significant, and potentially fraudulent, accounting irregularities”. The company’s biggest shareholder, Luke Johnson, is now in talks to extend its cash lifeline from […]

Business

Countrywide shares fall 20% on profit warning

Image copyright Getty Images Shares in Countrywide, the UK’s largest estate agent group, have fallen more than 20% after it issued its second profit warning this year. Countrywide, which has brands including Bairstow Eves and Gascoigne Pees, said it expected first-half earnings to be about £20m lower than last year. “We do not expect this […]

Business

'Don't be boring' says tote bag boss

Smruti Sriram is the boss of the world’s largest ethical manufacturer of reusable bags. She’s a pioneer of the anti-plastic movement and her company supplies canvas bags to Topshop, Nike and Tesco. Video Journalist: Hannah Gelbart See more at CEO Secrets Source link

Business

Apple sells fewer phones but profits rise

Image copyright Getty Images Image caption The new iPhone X started selling in November Apple sold 77.3 million iPhones in the final months of 2017, slightly fewer than during the same period in the prior year. But higher prices compensated for the dip, lifting the firm’s profits in the quarter to more than $20bn (£14bn). […]

Business

Amazon 2017 sales up by nearly a third

Image copyright Getty Images Online retail giant Amazon saw sales jump by nearly a third last year, and said its Alexa digital assistant had “far exceeded” expectations. Full year revenue came in at $177.9bn (£124.6bn), a rise of 31%. Net income – or profit – was $3bn, compared with $2.4bn in 2016. The company’s performance […]

Business

Thousands face fine for late tax returns

Image copyright Getty Images A total of 746,000 people missed the deadline to file their self-assessment tax return, risking a fine of £100. Some 11.4 million people, primarily those with more than one source of income and the self-employed, were required to complete returns. The deadline for those filling in paper forms was the end […]