Watch: National business news headlines in under two minutes - May 12 - video Dailymotion

Watch Watch: National business news headlines in under two minutes - May 12 - Insider Media on Dailymotion

Transcript

00:00Hello and welcome to the latest Business Brief on Monday the 12th of May.

00:04All eyes are on Burberry this week as it battles falling sales and global trade woes.

00:09The fashion giant reports its full-year results on Wednesday with losses expected,

00:13but some are hoping for a profit on paper. Its £40m cost-cutting plan is still in full swing.

00:19Analysts say annual sales will hit £2.5bn, down 12% year-on-year.

00:24Donald Trump says he'll sign an order to cut drug prices for US citizens today.

00:29It revives a plan from his first term that never took off.

00:32The move would link US Medicare prices to those paid by overseas customers and governments.

00:37He's long promised action on high medication costs,

00:40but it's not clear how this order would be enforced or implemented.

00:44A new floating wind farm in the North Sea could create more than 1,000 jobs.

00:48Cerulean Wind says its Aspen project will attract nearly £11bn over 50 years.

00:53It's part of a major green energy plan with 300 turbines.

00:56Recruiters say more people are now chasing fewer jobs in the UK.

01:02That's thanks to layoffs, restructures and companies hitting pause on hiring.

01:06A survey of 400 agencies found candidate numbers have jumped.

01:09Meanwhile, demand for staff fell again in April.

01:13Heathrow has recorded its busiest April ever with nearly 7.1 million passengers.

01:19That's a 6% rise on the same month last year.

01:21The Easter holidays helped drive the surge in travellers.

01:24It marks another strong month for the UK's busiest airport.

01:28And Scottish businessman Sir Tom Farmer has died at the age of 84.

01:32The quick-fit founder was hailed for his business success and generosity.

01:36He once owned Hibs and gave millions to Scottish causes.

01:39First Minister John Swinney praised his profound impact on the country.

01:43That's all for today.

01:44Thank you for listening.