'Laurel Pub Company to call in administrators'

Robert Tchenguiz, the property entrepreneur, is poised to place his entire Laurel Pub Company in the hands of administrators after failing to find buyers for almost 100 loss-making outlets, most of which have ceased trading - The Times​

The financial crisis engulfing the British economy has lurched to a new low as £51bn was wiped off the value of the country's top companies yesterday. On a chaotic day in the City, the pound suffered its worst one-day fall since Black Wednesday in 1992 amidst fears of a growing global recession - The Telegraph​

After one of the worst days in living memory on financial markets, experts warned that world economies face their biggest challenge since the Second World War - Daily Mail​

An electricity plant that uses by-products from the Scotch whisky industry is set to be created in the Highlands. A consortium of whisky distillers including Famous Grouse maker Edrington and spirits giant Diageo has lodged an application with Moray Council to build a £24m plant that would power 9,000 homes - The Scotsman​

Rheumatoid arthritis patients may be able to improve their symptoms by switching to a vegan and gluten-free diet, a study in Sweden has found - The Guardian​

A new £60m pound venture to help Scotland produce "the finest food in the world" opened for business yesterday. The nationwide scheme for food producers and processors will see up to £10m a year made available for new ventures and initiatives - The Scotsman ​

Europe's dairy farmers will be allowed to sell more subsidised milk this year after European ministers authorised a one-off increase in production quotas to meet rising demand and cool soaring prices - The Scotsman​