RANGERS' investor Mike Ashley has been revealed as the brains behind a property development in Chelsea, London, expected to be worth £900 million when complete.
The Sports Direct boss has been identified as the source of £200m of investment which allowed two companies, Citygrove and McLaren Properties, to acquire The Clearings from John Lewis.
The storage area near King's Road has planning permission for 62 flats and seven townhouses, The Sunday Times reported. Ashley, owner of Newcastle United, provided the funding through his MASH Holdings investment vehicle, the newspaper said.
Royal Philips, the Dutch electronics manufacturer, warned it could quit Britain if its votes to leave the European Union (EU) in a referendum.
Chief executive Frans Van Houten told The Sunday Telegraph it would have to "think carefully" about its investment in the UK, where the company has 1800 staff, should the UK withdraw from the political and economic union.
Mr van Houten said Philips was strongly committed to the UK and declared that a British exit from the UK would be "unimaginable".
Energy giant npower is to pilot fuel banks across the country to provide free gas and electricity to those in need. The Mail on Sunday reports that people identified as being eligible would receive a voucher towards their energy bills. It could equate to two weeks' worth of energy for some.
The newspaper suggests the move could be seen as a bid by npower to deflect criticism over its pricing by consumer groups.
BioCity Scotland, the business park and incubator space for life sciences companies, is to launch a public-private innovation hub.
The development is a partnership between bio-pharmaceutical and big data companies, Scottish universities, NHS Scotland and the country's eight innovation centres, reports the Sunday Herald.
The hub will be launched at a conference on innovation in the life sciences sector at BioCity on April 28 and 29.
HSBC will come under fire from investors over executive pay at its annual meeting on Friday, The Sunday Times reports. Shareholders have been tipped to rebel against a £7.6m package for chief executive Stuart Gulliver, adding further pressure to Gulliver and Scots-born chairman Douglas Flint following a tax scandal at its Swiss private bank earlier this year.
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