Markets suffer from Chinese virus outbreak
Global stock markets opened the week in a foul mood, as worries over coronavirus prompted a mass sell-off, sending the FTSE 100 to its lowest point for over a month.
Economy
Calls for council to renew efforts to find Dundee station tenants after shop deal collapse
Calls have been made for Dundee City Council to double down on efforts to fill vacant units at the Waterfront after a seemingly surefire retail deal fell through.
Unemployment benefit claims in Dundee remain steady following McGill spike
The number of Dundonians who are claiming out-of-work benefits is continuing to remain steady at a rate slightly above the Scottish average.
Manufacturing confidence posts largest jump since 1958
Confidence among Britain’s manufacturers increased faster in the least three months than at any other point on records, new figures show.
‘An asset to the city’: Dundonians react to V&A study findings
New findings say Dundee has been given a £21 million boost thanks to the V&A – but what do the people living, visiting and working in the city really think?
Businesses warn of price rises after Chancellor vows no EU alignment
Businesses have warned of price rises after Chancellor Sajid Javid vowed that there will be no alignment with EU regulations after Brexit.
Javid issues post-Brexit warning to business leaders
Chancellor Sajid Javid has warned manufacturing leaders that there will be no alignment with EU regulations once Britain’s exit from the European Union is made official.
Boris Johnson’s post-Brexit salary barrier ‘favours Dundee workers’
Plans to impose a £30,000 salary "barrier" on unskilled workers could create new job opportunities for locals in Dundee, according to a senior council official.
Shock inflation fall raises prospect of interest rate cut
UK inflation has slipped to a three-year-low, raising expectations that interest rates could be cut.
UK economy declined in November on weak manufacturing sector
The UK economy slid into decline in November on the back of weakness in the manufacturing sector, according to official figures.
Record employment at risk despite surging wages, say economists
UK employment could decline in 2020 despite average pay being expected to surpass its pre-financial crisis peak for the first time, economists have warned.
Bad weather deters Boxing Day shoppers with drop in footfall reported
Bad weather has deterred some Boxing Day bargain hunters, with footfall reportedly down 10% in high streets and shopping centres.
Environmental concerns expected to drive down post-Christmas sales spending
Britons are expected to spend £200 million less in the post-Christmas sales this year as environmental concerns drive down buying.
Sharp increase in optimism for the economy over the coming year – survey
Consumer optimism for the economy over the coming year has seen its sharpest increase since the summer of 2016, according to a long-running survey.
Inflation holds firm as concert tickets offset slowdown in cigarette prices
UK inflation held firm at a three-year low after a slowdown in cigarette price increases was offset by more expensive concert tickets.
Loungers says it has potential to triple site numbers after surging sales
Cafe-bar operator Loungers has said it sees the potential to more than triple in size after posting surging sales on the back of new restaurant openings.
Construction sector remains in contraction amid ongoing slump in new orders
Britain’s builders have suffered the longest run of declining new orders for six years as Brexit and election uncertainty keep the sector firmly in contraction, according to new figures.
Consumer confidence ‘flatlines’ amid uncertainty over election
Consumer confidence has “flatlined” in the face of Brexit and election uncertainty, four years since it was last in positive territory, according to a long-running survey.
Plans for wind turbines: More than 50 to be built in a ‘vote of confidence’ for Dundee
More than 50 new offshore wind farm turbines are set to be built in Dundee in what has been hailed as “an incredible vote of confidence” in the city.
UK business has worst month in more than three years, figures show
The British private sector has contracted at its fastest rate since the aftermath of the Brexit referendum as the UK missed its second deadline to leave the EU, according to new figures.