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  • THE SCOTTISH INVESTMENT TRUST: The global fund that's raising a glass to the vineyards of Australia

    December 17, 2017 11:40 AM 31

    The Scottish Investment Trust is on a roll. In recent days it has revealed an outstanding set of annual results with a total return recorded for the year of nigh on 13 per cent. But, more importantly, the Edinburgh-based trust has confirmed its intention to make itself as income-friendly to investors as it possibly can. When the final dividend for the financial

  • Santa brings 'immersive' Christmas events firm Lapland UK a £5m turnover

    December 16, 2017 10:16 PM 15

    A former hedge fund manager who has brought a theatrical, ‘immersive’ re-creation of Santa Claus’s homeland to Britain says he expects more than 60,000 visitors this Christmas and a £5million turnover. Mike Battle and his wife Alison opened Lapland UK after a Christmas outing with their four children left them deeply disappointed. But their disenchantment

  • Most viewed properties for sale in Britain in 2017

    December 15, 2017 11:26 AM 13 1

    Luxurious houses, swanky penthouses, and a Grade II listed church are among the ten most viewed properties for sale across the country this year, revealed by Rightmove today. The top list includes an eight-bedroom detached house in London's fashionable Primrose Hill, which boasts a wine cellar and bar, an emerald green cinema room and a dedicated massage

  • Owner of cracked North Sea pipeline invokes get-out clause in its contracts telling producers it cannot transport their oil

    December 14, 2017 9:51 PM 22

    The owner of a cracked North Sea oil and gas pipeline has invoked a get-out clause in its contracts typically used after natural disasters. On Monday, Ineos closed its Forties Pipeline System, which transports 40 per cent of oil and gas from the North Sea to the UK mainland, after finding a fracture in a pipe south of Aberdeen. The firm has now declared

  • Heathrow consults on new runway: Airport pledges to compensate evicted families and ban late night flights

    December 13, 2017 9:51 PM 15

    Heathrow airport has pledged to compensate families booted out of their homes and ban flights for six-and-a-half hours overnight, if it wins its fight for a new runway. Britain's biggest airport, in London, wants to build a third runway and a sixth terminal amid estimates that London's airports will hit full capacity within 20 years. But the £16billion

  • Dixons Carphone shares leap as it reveals plans to 'simplify' its smartphone business after profit slump

    December 13, 2017 9:57 AM 20

    Dixons Carphone has suffered a 60 per cent slump in half year profits to £61million amid plans for a major shake-up of its smartphone division. The Currys PC World owner saw like-for-like sales of mobile phones drop by 3 per cent in the six months to 28 October. Shares in Dixons Carphone are up 7.95 per cent or 13.30p to 180.70p this morning, with investors

  • Former Facebook executive says site is 'destroying how society works'

    December 12, 2017 4:30 AM 25

    Chamath Palihapitiya urges people to take a "hard break" from social media and says he hardly uses Facebook anymore. Speaking at a Stanford Graduate School of Business event, Chamath Palihapitiya, former vice president for user growth, said "we have created tools that are ripping apart the social fabric of how society works". The 41-year-old urged people

  • Apple snaps up song recognition app Shazam for reported $400m

    December 11, 2017 8:41 PM 23

    The US tech giant has reportedly paid $400m for the UK-based company it says will be a "natural fit" with its Apple Music service. The tech giant did not disclose the size of the deal, though early reports of the acquisition last week estimated the price tag at $400m (£299m). Shazam lets users identify songs by pointing a smartphone or tablet at speakers

  • Sky calls on Google and Facebook to fund internet safety campaign

    December 10, 2017 12:24 PM 30

    Telecoms giant Sky wants social media companies such as Google and Facebook to be forced to fund a compulsory internet safety campaign backed by a multi-million pound levy. The Government has previously put forward plans and said it would merely be a voluntary arrangement. The company has suggested the scheme could mirror a Government levy on the horse

  • Lidl hired 2,500 UK workers in the past year as it keeps pace with rapid expansion in the UK

    December 7, 2017 9:50 PM 19

    German discount retailer Lidl has recruited more than 2,500 people in the UK in the past year as it keeps pace with rapid expansion. According to Companies House, Lidl spent 22 per cent more on staff costs in the year to the end of February, as increased investment in wages and recruitment pushed employee spend to £419million. Lidl is gradually eating