Business

The fishing port where the catch is soaring house prices

Image copyright Getty Images Previously known as the biggest shellfish port in Europe, the port of Fraserburgh in north-east Scotland now has another claim to fame. Over the last decade, house prices here have risen faster than any other seaside town in Britain. According to the Halifax, prices have nearly doubled, from an average of £70,000 in 2006, to £137,000 in 2016. Over the period, many parts of Aberdeenshire saw

Billionaire Who Made Fortune Polluting Oceans Will Donate Wealth To Clean Them Up

Our oceans may have found an unlikely savior. Norwegian billionaire Kjell Inge Røkke, who accrued his wealth in part through offshore oil drilling, announced this month that he’s donating the majority of his wealth to help save the oceans. Røkke is funding a 600-foot research yacht, which will tackle some of the most pressing environmental concerns of our time ― including how to rescue endangered species and eliminate plastic trash

UK achieves solar power record as temperatures soar

Image copyright Getty Images A record amount of solar power was generated on Friday as Britain basked in sunshine and temperatures of up to 28C, the National Grid has said. It said 8.7 gigawatts (GW) had been generated at lunchtime, representing 24.3% of total generation across the UK. The level tops the previous record of 8.48GW set on 10 May. Duncan Burt, head of control room operations at National Grid,

I Used An App To Buy Only Ethical Food. It Was Really Hard.

As I walked up to the banana pileup, I knew I was in trouble. Sure, those things are an excellent (and affordable) healthy snack, but they are almost universally sourced from producers with serious ethical issues. Yet I still wanted them. What would Michael Pollan do?! Sheepishly, I scanned the banana barcode using HowGood, a free app intended to help shoppers make more ethical food purchases. I’d been using the

US growth rate revised up to 1.2%

Image copyright Reuters The US economy grew at a faster pace than initially thought in the first three months of the year. The latest official figures indicated the economy expanded at an annual pace of 1.2% in the quarter, up from the previous estimate of 0.7%. Stronger spending from businesses and consumers was behind the revision. The initial estimate had been seen as a blow to US President Donald Trump,

Call to raise retirement age to at least 70

Image copyright Getty Images The retirement age should rise to at least 70 in rich countries by 2050 as life expectancy rises above 100, according to a new report. The World Economic Forum said that employees should continue working until 70 in nations such as the UK, US, Japan and Canada. The increase will be needed, as the number of people over 65 will more than triple to 2.1 billion

Gatwick Airport flights depart without luggage

Image copyright Sig Watkins/@FitManage Image caption Passengers have been told their bags will be sent on later flights A fault with Gatwick Airport’s baggage system meant flights were leaving without passenger’s luggage. The airport said the problem had now been resolved and it was working with airlines to get luggage to passengers “as soon as possible”. Passengers reported long queues at check-in desks on Friday. Departing flights from the north

UK shares touch new highs as sterling slips

Image copyright Getty Images Two key UK share indexes have both touched record intra-day highs during morning trading. The benchmark FTSE 100 index rose to 7,535.06 – beating the previous record set last week by two points. Meanwhile the FTSE 250 – which is made up of the 250 next-biggest companies listed in the UK – broke above 20,000 points for the first time. The index touched 20,020 points, helped

Frankie & Benny’s owner sees shares jump

Image copyright Frankie & Benny Shares in the owner of Frankie & Benny’s restaurants have jumped 10% after it said the rate of decline in its sales had slowed. Restaurant Group, which owns almost 500 restaurants and pubs across the UK, has been trying to turn itself around after profits and sales dived last year. It said comparable sales in the 20 weeks to 21 May 2017 had fallen 1.8%.

Contactless payment fraud soars to £7m

Image caption More than 100 million contactless bank cards are in issue in the UK with an average transaction of £9.06 The amount of money stolen from contactless bank cards and mobile devices has soared, it has emerged. Almost £7m was taken in 2016, compared to £2.8m in 2015, according to Financial Fraud Action UK. In the same period, contactless spending rose from £7.75bn to £25.2bn. A judge recently slammed