PLANS for a new concert hall in Edinburgh are to be scaled back after objections by the city's St James cen tre developer.

However, the plans are now "back on track" after the backers of the concert hall and the Edinburgh St James developer reached an agreed way forward, and legal actions is due to halted.

It was agreed that developer IMPACT Scotland will redesign the £45m Dunard Centre at St Andrew Square and submit a fresh planning application and the council and Edinburgh St James will jointly seek the permission of the Court of Session for the appropriate disposal of current Judicial Review proceedings over the previous plans.

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Sir Ewan Brown, chair of IMPACT Scotland, said: "Our ambition is to create a world-class concert hall for Edinburgh and Scotland.

"To deliver this timeously we have made significant changes to the concert hall plans in order to reflect the sensitivities of the site and the needs of our neighbours.

"We are hugely encouraged by the positive discussions we have had with Edinburgh St James and the City of Edinburgh Council and look forward to continuing to work with them to deliver a world-class concert hall.”

Martin Perry, director of Nuveen Real Estate said: "We welcome the initiative to substantially reduce the size of the concert hall and we are happy to work with IMPACT Scotland and the City of Edinburgh Council as IMPACT Scotland develops a new design which addresses our principal concerns.

"We hope the new design will better accord with the aspirations for this quarter of the city.”

Adam McVey, council leader, said: “This is an important new venue for our city and in one of the most sustainable locations, with fantastic public transport connections. We will now work with IMPACT Scotland and Edinburgh St James to continue the delivery of the regeneration of the east end of the city centre.”

The family behind fashion giant H&M saw a major windfall as it embarked on a hierarchical shake-up, with chief executive Karl-Johan Persson set to leave his role and fill the shoes of his father, Stefan.

Chairman Stefan Persson will step down after two decades at the head of the company's board, handing over to his son who has been chief executive for half that time, the company announced.

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The appointment of the new chairman will be subject to a shareholder vote, but as the Persson family controls 74.7% of those votes, Mr Persson Jr is unlikely to face a serious challenge.

He will be replaced as chief executive of the fashion giant by chief operating officer Helena Helmersson, who started with the business in 1997.

"I feel confident in handing over the CEO role to Helena, who is an experienced and great leader who embodies our values," Mr Persson Jr said.

His father said: "I will continue to be a committed owner, just as today, but from a different position."

The family already saw a huge benefit from the reshuffle on Thursday morning, and the better-than-expected results that H&M presented alongside it.

Shares soared more than 9%, to 207.2 Swedish krona per share.

Fuller's said sales at its pubs and hotels jumped over the Christmas period as it was buoyed by increased political certainty.

The pub group said it saw a "noticeable bounce" after last month's General Election which has continued into the new year.

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The company reported a 4.3% increase in like-for-like sales across its managed pubs and hotels business for the six weeks encompassing Christmas and new year.

Meanwhile, like-for-like sales for the past 42 weeks to January 14 increased by 2.5% as it saw higher sales of food, drink and overnight accommodation.

However, Fuller's' tenanted pub business has seen like-for-like profits decrease by 3% for the period.

imon Emeny, chief executive of the business, said he has been "very pleased" with company's recent trading performance amid a period of transition.

The company has undergone a major transformation after it completed the sale of its brewing business to Japan's Asahi for £250 million last year.

Following the brewing business sale, the company returned some capital to shareholders but has also invested in new pubs through refurbishments and acquisitions.