Author: Zein

‘Long Covid’: the economy is also badly out of puff

Douglas FraserBusiness/economy editor, Scotland Related Topics Scottish Budget image copyrightReuters The forecast contraction in the Scottish economy of 10% is in line with the UK, but worse than most other countries. Paying the bills may continue to weigh on health budgets well beyond this year, say fiscal experts, and we can expect big tax increases by 2025. Scots support higher… Read more →

Love turns to hate as LVMH sues ‘dismal’ Tiffany

Image copyright Reuters LVMH once said that Tiffany “stood for love” but it now describes the New York jeweller as a “mismanaged” company with “dismal” prospects. The Louis Vuitton-owner made the claims in a countersuit against Tiffany in a dispute over a $16.2bn takeover deal. LVMH claims Tiffany is no longer the business it agreed to buy last November before… Read more →

Crescent Link retail park expansion ‘would create 110 jobs’

image copyrightGoogle image captionCrescent Link is one of the biggest retail developments in the north-west The owners of Crescent Link retail park in Londonderry have announced expansion plans that would create more than 100 jobs. Manchester-based David Samuel Properties said the £5m expansion would see upgrades to the existing Homebase and M&S stores. It will also see the Food Warehouse… Read more →

Greggs hints at job cuts as furlough scheme ends

Image copyright Getty Images Bakery chain Greggs has hinted at possible job cuts as the government’s furlough scheme ends. The company, which employs 25,000 workers, expects business activity to “remain below normal for the foreseeable future”. It said it had reviewed staff costs and was currently consulting with unions and employee representatives. Greggs said it wanted to reduce the risk… Read more →