Business news


 Bank of Ireland apologises over technical fault as services restored

Bank of Ireland apologises over technical fault as services restored

August 16, 2023 07:18 AM AEST | By PAMEDIA

The glitch allowed customers to withdraw and transfer more than what was in their accounts on Tuesday.

 Scottish unemployment figure up by 24,000 over three months

Scottish unemployment figure up by 24,000 over three months

August 15, 2023 08:51 AM AEST | By PAMEDIA

The number of Scots aged 16 and above who are out of work was recorded as 109,000 for the period April to June.

 Union to ballot Scottish Water workers on potential strike action

Union to ballot Scottish Water workers on potential strike action

August 11, 2023 05:58 PM AEST | By PAMEDIA

Unison said the publicly owned water supplier’s pay offer and new wage structure is ‘unacceptable’.

 Scotland has had ‘slower growth’ in employment and wages since 2014, report says

Scotland has had ‘slower growth’ in employment and wages since 2014,...

August 08, 2023 06:15 PM AEST | By PAMEDIA

Scottish Liberal Democrat economy spokesperson Willie Rennie MSP said the SNP must get serious about ending ‘depressed economic performance’.

 Low-pay retailers must have ‘clear spotlight’ shone on them, says think tank

Low-pay retailers must have ‘clear spotlight’ shone on them, says th...

August 02, 2023 05:29 PM AEST | By PAMEDIA

A report published on Thursday says retail workers who are paid less than the real living wage are being ‘hung out to dry’.

 Software company Salesforce to axe 50 jobs in Ireland

Software company Salesforce to axe 50 jobs in Ireland

August 02, 2023 01:50 PM AEST | By PAMEDIA

The cuts are separate from a 10% reduction in the global workforce announced earlier this year.

 FirstGroup stays on track despite strikes and losing TransPennine franchise

FirstGroup stays on track despite strikes and losing TransPennine fr...

June 08, 2023 07:45 AM AEST | By PAMEDIA

The bus and rail group said it expects ‘broadly consistent’ earnings from its trains business in the year to next March.

 Turkish lira hits record lows at start of Erdogan’s new presidential term

Turkish lira hits record lows at start of Erdogan’s new presidential...

June 07, 2023 09:28 AM AEST | By PAMEDIA

The Turkish currency has weakened by around 20% since the start of the year.

 World Bank offers dim outlook for the global economy

World Bank offers dim outlook for the global economy

June 06, 2023 01:57 PM AEST | By PAMEDIA

The bank’s latest Global Economic Prospects report, which it issued on Tuesday, marks an upgrade from its previous forecast in January.

 SSE to pay £9.8m penalty for licence breach

SSE to pay £9.8m penalty for licence breach

June 06, 2023 07:02 AM AEST | By PAMEDIA

Ofgem said SSE’s generation arm overcharged the electricity system operator to lower output from the Foyers pumped storage power station in Scotland.

 UK ministers knock back call to include glass in Scottish deposit return scheme

UK ministers knock back call to include glass in Scottish deposit re...

June 05, 2023 08:59 PM AEST | By PAMEDIA

UK ministers have knocked back demands for glass to be included in Scotland’s deposit return scheme.

 Saudi Arabia cuts oil output by a million barrels a day to boost sagging prices

Saudi Arabia cuts oil output by a million barrels a day to boost sag...

June 04, 2023 05:17 PM AEST | By PAMEDIA

The announcement came on Sunday after a meeting of the alliance at OPEC headquarters in Vienna.

 Opec+ producers consider more oil production cuts as prices slump

Opec+ producers consider more oil production cuts as prices slump

June 04, 2023 07:43 AM AEST | By PAMEDIA

The 23-member group is meeting at Opec headquarters in Vienna after sending mixed signals about possible moves.

 Opec+ producers consider more oil cuts as prices slump

Opec+ producers consider more oil cuts as prices slump

June 04, 2023 07:43 AM AEST | By PAMEDIA

The 23-member group is meeting at Opec headquarters in Vienna after sending mixed signals about possible moves.

 Barclays, Lloyds, Halifax and Bank of Scotland announce 63 branch closures

Barclays, Lloyds, Halifax and Bank of Scotland announce 63 branch cl...

June 02, 2023 01:33 PM AEST | By PAMEDIA

More and more customers are switching to online banking, reducing the need for branches to remain open

 Europe sees inflation drop to 6.1% but real relief for consumers will take time

Europe sees inflation drop to 6.1% but real relief for consumers wil...

June 01, 2023 09:23 AM AEST | By PAMEDIA

It is a welcome sign the explosion in price increases — which peaked in record double digits last October — is heading in the right direction.

 Most and least expensive cities for first-time buyers revealed

Most and least expensive cities for first-time buyers revealed

May 31, 2023 11:33 AM AEST | By PAMEDIA

Rightmove analysed 60 major urban locations across Britain to make the findings.

 Credit Suisse owes millions to Georgia’s ex-prime minister, court says

Credit Suisse owes millions to Georgia’s ex-prime minister, court sa...

May 26, 2023 03:22 PM AEST | By PAMEDIA

It is the latest scandal for the Swiss bank whose yearslong problems forced its takeover by a rival.

 SSE announces plans to invest billions as operating profit rises

SSE announces plans to invest billions as operating profit rises

May 24, 2023 02:50 PM AEST | By PAMEDIA

The FTSE 100 firm’s operating profit climbed to £2.53 billion and it announced plans that could see it invest up to £40 billion over the next decade.

 Fashion tycoon named richest person in Scotland for second year running

Fashion tycoon named richest person in Scotland for second year runn...

May 19, 2023 06:00 AM AEST | By PAMEDIA

Billionaire Anders Holch Povlsen has been named as the richest man in Scotland for the second year running, the Sunday Times Rich List revealed.

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