UK Business News

North Sea oil sector near 'collapse'
Thu, 18 Dec 2014 12:40:36 GMT
The director of Premier Oil says no new North Sea projects are profitable with oil below $60 a barrel and the industry is "close to collapse".

Swiss interest rate to turn negative
Thu, 18 Dec 2014 13:57:25 GMT
Switzerland's National Bank will bring in a negative interest rate cutting the value of any money left on deposit in the country.

Retail sales boosted by Black Friday
Thu, 18 Dec 2014 11:05:16 GMT
UK retail sales rose at their fastest annual rate in more than 10 years in November, thanks to the effects of Black Friday.

Putin seeks to ease economic fears
Thu, 18 Dec 2014 12:32:43 GMT
President Vladimir Putin seeks to ease fears over Russia's economy, insisting that the dramatic fall in the rouble will stabilise.

Mortgage lending dip 'continues'
Thu, 18 Dec 2014 10:15:20 GMT
UK mortgage lending in November returned to the level seen a year earlier, lenders say, offering more evidence of a post-summer slowdown.

Royal Mail sale '£180m underpriced'
Thu, 18 Dec 2014 12:06:08 GMT
The government made £180m less from the sale of Royal Mail than it could have, and the process of privatising state assets should be reformed, says a new report.

Mobile deal to reduce 'not-spots'
Thu, 18 Dec 2014 08:47:15 GMT
Agreement is reached between the government and the country's biggest mobile networks to improve coverage across the UK.

Snapchat boss tearful at Sony hack
Thu, 18 Dec 2014 11:59:37 GMT
Snapchat founder Evan Spiegel left "devastated" as plans for his messaging app are leaked as part of the Sony Pictures hack.

US Fed 'patient' over rate rises
Thu, 18 Dec 2014 07:41:49 GMT
US Federal Reserve says it will be "patient" in deciding when to raise interest rates, with most analysts expecting a rise in mid-2015.

UK using less energy, report finds
Thu, 18 Dec 2014 00:38:26 GMT
People in the UK are using less energy, even though the economy is growing, new figures confirm.

FTSE 100 higher on Fed statement
Thu, 18 Dec 2014 12:44:31 GMT
UK shares jump as investors react to the latest comments from the US Federal Reserve, while energy shares are boosted by a rise in the oil price.

Avon fined $135m for China bribes
Thu, 18 Dec 2014 03:39:22 GMT
Beauty company Avon has been fined by the US Securities and Exchange Commission for paying bribes and gifts to Chinese officials.

Fed decision lifts Asia stocks
Thu, 18 Dec 2014 10:38:22 GMT
Markets in Asia were mostly higher after the Federal Reserve pledged to be "patient" when it came to making a decision on raising interest rates.

German road toll plan gets go-ahead
Wed, 17 Dec 2014 18:29:41 GMT
The German government approves plans for a controversial road toll, including charging foreigners for using the Autobahn.

New York bans fracking due to risk
Wed, 17 Dec 2014 22:06:17 GMT
Fracking, the controversial method of oil and gas development, will be banned in New York state after a report concludes the process poses "significant public health risks".

Russia plans new action over rouble
Wed, 17 Dec 2014 16:32:12 GMT
Russia says it is planning new measures to stabilise the rouble after its slump against the dollar.

Government to sell more Lloyds shares
Wed, 17 Dec 2014 19:08:23 GMT
More shares in Lloyds Banking Group are to be sold by the government, in a move which could raise up to £3bn.

'Tax shock' from Christmas party
Wed, 17 Dec 2014 16:10:35 GMT
Employers could scupper the season of goodwill by leaving their staff exposed to a tax charge after their Christmas party, accountants warn.

Rihanna's new job... at Puma
Wed, 17 Dec 2014 11:42:32 GMT
Singer Rihanna will "directly influence product collections" in her new role as women's creative director at Puma.

Pension 'guilty secrets' exposed
Wed, 17 Dec 2014 11:21:06 GMT
Pension savers with the smallest pots can be exposed to the highest levels of charges, an independent report reveals.

UK sees pick-up in wage growth
Wed, 17 Dec 2014 13:59:31 GMT
Wage growth picked up in the three months to October and outstripped the rise in the cost of living, while unemployment fell again, official figures show.

Petrol 'to fall below £1 a litre'
Wed, 17 Dec 2014 00:02:26 GMT
Petrol could soon sell for less than £1 a litre thanks to the plummeting price of oil, motoring organisation the RAC has predicted.

Oil price forces new Nigeria budget
Wed, 17 Dec 2014 16:06:15 GMT
The prolonged slump in the price of oil forces oil-export dependent Nigeria to revise its budget plans, prompting its currency to fall to a record low.

Osborne sets 18 March Budget date
Wed, 17 Dec 2014 16:15:27 GMT
Chancellor George Osborne is to deliver his last Budget of the Parliament on 18 March 2015, weeks before the election.

Ministers criticised over train deals
Wed, 17 Dec 2014 00:42:29 GMT
A committee of MPs criticises the government after saying taxpayers have been left "bearing all the risk" from purchases of new trains worth £10.5bn.

Building the biggest baby food firm
Mon, 15 Dec 2014 00:02:03 GMT
How Paul Lindley, the boss of Ella's Kitchen, built up the UK's largest baby food business.

Unwrapping Africa's red tape
Tue, 16 Dec 2014 01:41:12 GMT
Malawian business tycoon Mike Mlombwa tells the BBC how to deal with red tape and stay on the right side of the law when doing business.

The value of celebrity endorsements
Thu, 11 Dec 2014 00:10:41 GMT
A growing number of small firms are boosting sales thanks to securing celebrity endorsements, but doing a deal with a famous figure doesn't necessarily guarantee success.

SPFL withholds Gers cash over EBTs
Wed, 17 Dec 2014 07:57:32 GMT
The SPFL is to withhold £250,000 due to Rangers for broadcast fees to cover a fine relating to employee benefit trusts.

Fifa dismisses Garcia complaint
Tue, 16 Dec 2014 13:28:56 GMT
Fifa dismisses a complaint from its own World Cup corruption investigator Michael Garcia as well as two whistleblowers.

GAA stadium decision 'was unlawful'
Mon, 15 Dec 2014 16:40:52 GMT
Northern Ireland's environment minister acted unlawfully in approving a new GAA stadium in west Belfast, a High Court judge rules.

VIDEO: Russians splash out to beat rouble fall
Wed, 17 Dec 2014 22:28:42 GMT
As the Russian rouble falls in value - and prices for imported goods looks set to rise - Russians have been flocking to the stores, to spend their cash on durable goods.

VIDEO: Oil pipeline could benefit Iraqi Kurds
Thu, 18 Dec 2014 11:22:18 GMT
Kurdistan could soon be joining the ranks of the world's major oil exporters, thanks to a new pipeline to Turkey.

VIDEO: Has the high street got worse?
Thu, 18 Dec 2014 09:17:09 GMT
Three years ago retails expert, Mary Portas, carried out a review of the high street for the government and the BBC takes her back to one of those towns, Stockport, to find out if anything has changed.

VIDEO: 'Greece should stay in the EU'
Wed, 17 Dec 2014 08:12:10 GMT
The European Commissioner for Economic and Financial Affairs says he wants "to open a new ear" in the relationship between the European Union and Greece.

VIDEO: Testing out paying by gloves
Tue, 16 Dec 2014 16:38:58 GMT
The first contactless payment gloves are being trialled in stores in the run up to Christmas - Rory Cellan-Jones put them to the test.

VIDEO: Millionaire sues ski slope chippy
Wed, 17 Dec 2014 05:04:04 GMT
A former chief executive of one of the world's biggest cosmetics firms is suing a fast food stall near his holiday home in the French Alps.

VIDEO: Portas call for high street help
Tue, 16 Dec 2014 09:11:10 GMT
Retail expert Mary Portas accuses the government of making "token gestures" to rejuvenate Britain's struggling high streets.

VIDEO: Arterton and Blair back equal pay calls
Tue, 16 Dec 2014 12:29:52 GMT
There is a new wave of feminism says the actor Gemma Arterton backing an MP's call for equal pay for women.

The people working on Christmas Day
Thu, 18 Dec 2014 00:33:32 GMT
Those spending the day at work rather than celebrating

Cuba's economy set to get a boost
Wed, 17 Dec 2014 21:58:53 GMT
Five economic upsides to the US-Cuba deal

Headline numbers: Osborne plan makes little difference
Thu, 18 Dec 2014 00:55:30 GMT
Osborne’s payment plan makes little difference, says Anthony Reuben

TTIP: The EU-US trade deal explained
Thu, 18 Dec 2014 10:09:05 GMT
Why are the EU-US trade talks proving to be so controversial?

Virtual galleries open new markets for art
Tue, 16 Dec 2014 20:46:31 GMT
Online art sales boom, led by Chinese buyers

EU investment: Juncker's cunning plan
Wed, 17 Dec 2014 11:56:54 GMT
Will Juncker's new EU fund lure investors?

Russians fear return to 1998 crisis
Wed, 17 Dec 2014 01:05:16 GMT
Can Russia avoid economic disaster?

Thwarting retail's 'returnaholics'
Tue, 16 Dec 2014 00:01:55 GMT
The tech thwarting shopping's "returnaholics"