Sir James Dyson has announced a project to build electric cars has been scrapped.
The inventor, best known for his vacuum cleaners, said engineers had developed a "fantastic electric car" but it was not commercially viable.
In an email to workers, Sir James said the company had unsuccessfully tried to find a buyer for the project, launched in 2017.
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The BBC reported that the division employs 500 UK workers, who are expected to be redeployed.
"This is not a product failure, or a failure of the team, for whom this news will be hard to hear and digest," Sir James was quoted as saying.
Hargreaves Lansdown has said it was hit by "weak investor sentiment" in the past three months due to fears surrounding Brexit and the global economy.
It told investors that the uncertainty had impacted new business, however it hailed a "solid start" to the financial year in the current climate.
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The fund supermarket reported a 6% rise in net revenue to £128.1 million for the three months to September 30.
The company said new business also increased, up to £1.7 billion from £1.3 billion in the same period last year, as it looks to boost its share value which has come under pressure in recent months after the firm became engulfed in the saga involving Neil Woodford's frozen fund.
Hargreaves Lansdown has apologised and waived fees for the near-300,000 Hargreaves investors who have around £1.6 billion in assets trapped in the Woodford Equity Income Fund.
The company said it saw an acceleration in client growth, with 35,000 new clients joining the group in the quarter, up from 29,000 in the same period in 2018.
Scottish renters have failed to reclaim more than £500,000 in deposits, a new study has found.
Figures from SafeDeposits Scotland show that £516,209 is waiting to be claimed by tenants from the deposit return scheme.
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Edinburgh topped the list, with nearly £150,000 of renters' cash in the capital being left on the table, ahead of Glasgow with more than £114,000.
The Scottish Government introduced three deposit schemes in 2011, approving SafeDeposits Scotland, the Letting Protection Service Scotland and Mydeposits Scotland.
Ian Potter, chairman of SafeDeposits Scotland, said: "There are nearly 2,000 people who are due money that is rightfully theirs from their tenancy deposits and we'd like to help them get it."
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