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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.