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Hamleys reports toughest year since 1760

October 12, 2018

Toy store chain Hamleys reported a record loss last year with the firm blaming factors such as Brexit and the threat of terrorism for the downturn. The retailer reported a £9.2m loss for the year to 31 December, having made a £1.7m profit the previous year. Hamleys, which was founded in 1760 and is the […]

RBS pays first dividend in 10 years

Royal Bank of Scotland has paid its first dividend to shareholders since the bank was brought to the brink of collapse in the 2008 financial crisis. The bank – which is still 62% government-owned – has paid a 2p dividend to investors, which include about 190,000 private shareholders. RBS chief executive Ross McEwan said the […]

F-35 jets: US military grounds entire fleet

October 11, 2018

The US military has temporarily grounded its entire fleet of F-35 fighter jets in the wake of a crash in South Carolina last month. Inspections are to be carried out on faulty fuel tubes. An official report questioned earlier this year whether the F-35 was ready for combat after dozens of faults were found. The […]

Apple hires engineers from UK company Dialog

Apple is adding 300 computer chip engineers to its team after striking a deal to hire them from one of its British suppliers. It is paying Dialog Semiconductor $300m (£227m) for the acquisition, which also includes some of the Reading-based company’s patents and facilities. Apple has long used Dialog’s products to monitor and control power […]

Astronauts escape malfunctioning Soyuz rocket

Soyuz is one of the oldest rocket designs but also one of the safest. The malfunction appeared to occur around what is termed “staging”, where the ascending vehicle goes through the process of discarding its empty fuel segments. The onboard astronauts were certainly aware that something was not right because they reported feeling weightless when […]

Hammond plans tax crackdown on ‘synthetic self-employed’

The Treasury is finalising plans to overhaul tax rules which allow self-employed people to avoid paying national insurance contributions. The move will be targeted at people who set themselves up as private companies to take on work. The BBC understands it could be announced in this month’s Budget. The Treasury believes a third of people […]

Patisserie Valerie warns it is on the brink of collapse

The owner of Patisserie Valerie has said the cafe chain needs “an immediate injection of capital” to continue trading in its current form. The stark statement to investors comes after the firm uncovered “significant, and potentially fraudulent, accounting irregularities”. It also belatedly discovered HMRC filed a winding-up petition against one of its principal subsidiaries in […]

Final call to save the world from ‘climate catastrophe’

October 8, 2018

It’s the final call, say scientists, the most extensive warning yet on the risks of rising global temperatures. Their dramatic report on keeping that rise under 1.5 degrees C says the world is now completely off track, heading instead towards 3C. Keeping to the preferred target of 1.5C above pre-industrial levels will mean “rapid, far-reaching and unprecedented […]

Jaguar Land Rover plans two-week closure as demand falls

Jaguar Land Rover (JLR) is planning a two week shutdown of its Solihull plant at the end of October. Britain’s biggest carmaker blamed weakening global demand, especially in China, and has faced falling diesel sales in recent months. JLR said employees at the West Midlands plant would be paid for the duration of the shutdown […]

Protein research takes Chemistry Nobel Prize

October 3, 2018

The 2018 Nobel Prize in Chemistry has been awarded to three scientists for their discoveries in enzyme research. Americans Frances Arnold and George P Smith will share the prize with Briton Gregory Winter, who is based at Cambridge University. This year’s winners used a technique called directed evolution to create new proteins. These have been […]

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