UK Business News

Payment system problem at Bank
Mon, 20 Oct 2014 12:01:56 GMT
The Bank of England has stopped the automated system of transfers of large amounts of money between banks owing to a technical problem.

Housing 'plateau' as rates fall
Mon, 20 Oct 2014 10:08:27 GMT
The housing market is "sitting on a plateau", a lenders' group has said, despite renewed competition between providers on mortgage rates.

Switching sites 'hiding' best deals
Mon, 20 Oct 2014 12:34:02 GMT
Five of the UK's biggest price comparison sites are accused of "hiding" the best energy deals from consumers by one of their rivals

Pension funds unaccounted for
Mon, 20 Oct 2014 12:30:02 GMT
Investors' concern over missing millions following move to "unlock" frozen pensions

IBM pays $1.5bn to offload chip unit
Mon, 20 Oct 2014 12:26:24 GMT
IBM is paying $1.5bn to offload its loss-making chip manufacturing division to Abu Dhabi's GlobalFoundries as it announces a 17% profits fall.

Fire at power station investigated
Mon, 20 Oct 2014 11:27:56 GMT
Firefighters are investigating the cause of a major blaze at Didcot B power station in Oxfordshire.

UK growth 'to fall to 2.4% in 2015'
Sun, 19 Oct 2014 23:04:23 GMT
The UK economy will grow by 2.4% next year, well below the 3.1% growth expected this year, forecasting group EY Item Club says.

Adidas shares up on Reebok reports
Mon, 20 Oct 2014 12:14:48 GMT
Shares in sportswear giant Adidas jump 6% after a report says that a group of investors is considering a bid for the company's Reebok brand.

Oil firms drag FTSE 100 lower
Mon, 20 Oct 2014 11:35:08 GMT
The FTSE 100 sees more falls, dropping nearly 1%, with shares in oil firms being hit by the recent decline in the price of crude.

Greene King raises offer for Spirit
Mon, 20 Oct 2014 07:18:09 GMT
Greene King raises its offer for Spirit Pub Company, the owner of the Chef & Brewer chain, which indicates it will accept the bid if other details can be worked out.

Lufthansa pilots' strike expanded
Mon, 20 Oct 2014 11:50:55 GMT
A Lufthansa pilots' strike hitting both short and long-haul services has affected the plans of 200,000 travellers.

Russian rouble weakens on downgrade
Mon, 20 Oct 2014 10:23:34 GMT
The Russian rouble weakens further against the dollar after Moody's downgrades its credit rating, blaming the economic damage caused by sanctions.

Germany 'must increase investment'
Sun, 19 Oct 2014 14:36:08 GMT
The German government must increase investment to improve competitiveness, says finance minister Wolfgang Schaeuble.

'Buy Russian' campaign defies food embargo
Fri, 17 Oct 2014 10:33:42 GMT
Russians put a brave face on the ban on Western food, but some businesses are suffering, Sarah Rainsford reports from Moscow.

Is the oil crash a secret US war on Russia?
Thu, 16 Oct 2014 17:11:42 GMT
A New York Times columnist argues the US and Saudi Arabia are using lower oil prices to advance their foreign policy goals.

Child poverty targets 'won't be hit'
Mon, 20 Oct 2014 12:25:39 GMT
The UK risks being "permanently divided" between rich and poor unless more is done to boost social mobility, says Alan Milburn, the government's anti-poverty tsar.

Equal parental pay for Civil Service
Sun, 19 Oct 2014 23:00:57 GMT
Male and female civil servants will be entitled to full parental pay from April 2015, Deputy Prime Minister Nick Clegg is to announce.

Citizens Advice to give pension help
Sat, 18 Oct 2014 00:39:45 GMT
Citizens Advice is to provide free face-to-face guidance following the government's announcement of new pension rules.

Keep interest rates low, says Bank
Fri, 17 Oct 2014 20:58:53 GMT
Interest rates should remain low to avoid long-term economic stagnation, says the chief economist at the Bank of England.

Yellen warns on growing inequality
Fri, 17 Oct 2014 19:04:20 GMT
US Federal Reserve chair Janet Yellen warns about rising inequality in the US, saying she was 'greatly concerned' about the trend.

'Share money from economic growth'
Sun, 19 Oct 2014 10:54:21 GMT
Public services need their "fair share" of money from economic growth if they are to continue to be affordable in the future, the health minister says.

The Chinese tycoon who loves animals
Wed, 15 Oct 2014 19:19:15 GMT
Huang Nubo, the founder of property and leisure giant Beijing Zhongkun Investment Group, explains his unique approach to business.

Boom times for Ethiopia's coffee shops
Wed, 15 Oct 2014 23:08:26 GMT
As Ethiopia's economy continues to expand, business is growing strongly for coffee shops in the capital Addis Ababa.

The man behind the eBay of Latin America
Sun, 12 Oct 2014 22:37:04 GMT
Marcos Galperin is the Argentine who set up MercadoLibre, the Latin American equivalent of ecommerce and auction website eBay.

Games helped city hotel rates rise
Fri, 17 Oct 2014 14:20:54 GMT
Glasgow hotels enjoyed a significant lift in room rates during July, helped by the Commonwealth Games.

Ticket prices outstrip cost of living
Tue, 14 Oct 2014 23:01:18 GMT
The BBC Price of Football study finds some ticket prices in English football rising at almost twice the rate of the cost of living.

NFL players can handle Wembley move
Mon, 13 Oct 2014 08:19:50 GMT
Former Denver Broncos quarterback John Elway says NFL players would cope with playing regularly in London.

VIDEO: New president has long to-do list
Mon, 20 Oct 2014 07:05:11 GMT
Indonesia's new President Joko Widodo officially starts in the top job today, but pushing through his reform programme won't be easy.

VIDEO: Big league for gamers in Seoul
Mon, 20 Oct 2014 07:21:47 GMT
Tens of thousands of fans turn out to watch competitors play each other at the League of Legends World Championship in Seoul, South Korea.

VIDEO: Who could benefit from cheaper fuel?
Mon, 20 Oct 2014 07:22:55 GMT
Drivers could benefit if savings from a drop in petrol and diesel wholesale prices are passed on, but the Petrol Retailers' Association says smaller forecourts could suffer.

VIDEO: 'Cold call' pension scam warning
Mon, 20 Oct 2014 08:22:38 GMT
Changes in the rules surrounding pensions could lead to more people being persuaded to transfer their savings to risky investment schemes, some of which may be fraudulent.

VIDEO: Switching sites 'hiding' best deals
Mon, 20 Oct 2014 08:40:06 GMT
Five of the UK's biggest price comparison sites are accused of "hiding" the best energy deals from consumers - by one of their rivals.

VIDEO: Equal parental pay for civil service
Mon, 20 Oct 2014 09:23:08 GMT
All Civil Service employees will be entitled to full parental pay from April 2015, Deputy Prime Minister Nick Clegg will announce.

VIDEO: Counting the cost of learning to drive
Sat, 18 Oct 2014 08:54:14 GMT
Learning to drive can be a tricky hurdle to overcome no matter however old you are, but for many young drivers the financial cost can be a particular challenge.

VIDEO: Oysters flourish again in Swansea
Fri, 17 Oct 2014 20:14:05 GMT
Oyster fishing is set to make a comeback in Wales after marine biologists reintroduced 40,000 oysters into Swansea Bay.

Why firms don't want you to be brilliant
Sun, 19 Oct 2014 23:21:57 GMT
Why being brilliant is not enough at work

Gaming final packs Seoul stadium
Mon, 20 Oct 2014 07:30:34 GMT
Gaming fans pack the League's championship final in Seoul

The king of discount voucher codes
Sun, 19 Oct 2014 23:26:34 GMT
The man who has made millions from money off vouchers

Sugar cane offers sweet prospects
Sun, 19 Oct 2014 23:36:33 GMT
How Mauritius' sugar cane is proving flexible

Is Europe's economic motor stalling?
Fri, 17 Oct 2014 12:21:56 GMT
Where did it all go wrong for Europe's biggest economy?

The element that causes arguments
Sat, 18 Oct 2014 23:59:19 GMT
The element that heats the Earth and gets everyone arguing

Trendy offices: Your workplaces, your pictures
Thu, 16 Oct 2014 23:05:28 GMT
Ball pit meeting rooms and other unusual workplaces

The costs of getting behind the wheel
Fri, 17 Oct 2014 20:54:31 GMT
How the cost of learning to drive can mount up

Falling oil prices: Winners and losers
Thu, 16 Oct 2014 23:05:39 GMT
As oil prices fall, who will be the winners and losers?