UK Business News

Co-op Group reports £2.5bn loss
Thu, 17 Apr 2014 12:01:32 GMT
The Co-operative Group reports losses of £2.5bn, the worst results in its 150-year history, after what its chief executive calls a "disastrous" year.

Pensioners could get death estimate
Thu, 17 Apr 2014 16:31:18 GMT
Retirees could be told how long they are likely to live after stopping work, says pensions minister Steve Webb.

Lamb takeaways 'often another meat'
Wed, 16 Apr 2014 23:04:44 GMT
Takeaway owners are to face a new testing programme, after a watchdog found nearly a third of lamb takeaways it checked contained a different meat.

Anglo Irish bank pair found guilty
Thu, 17 Apr 2014 14:33:09 GMT
Two former Anglo Irish bank chiefs have been found guilty of making loans designed to illegally prop up the bank's share price.

UK housing market 'shows resilience'
Thu, 17 Apr 2014 10:05:04 GMT
The "resilient" UK housing market recorded another increase in mortgage lending in March, according to a lenders' group.

Weibo shares surge on US debut
Thu, 17 Apr 2014 21:10:20 GMT
Shares in China's largest Twitter-like service, Weibo, went up by almost 20% on the first day of its listing in the US, despite a disappointing start.

US banking giants see mixed results
Thu, 17 Apr 2014 14:34:30 GMT
US banking giant Goldman Sachs reports a drop in net earnings while Morgan Stanley sees profits jump.

London Market Report
Thu, 17 Apr 2014 15:56:13 GMT
The pound hits its highest level in more than four years against the US dollar.

RBS: No evidence of small firm fraud
Thu, 17 Apr 2014 13:10:23 GMT
Royal Bank of Scotland says law firm Clifford Chance has cleared it over allegations that it forced small firms to close so it could make a profit.

Mulberry warns of lower profits
Thu, 17 Apr 2014 07:52:00 GMT
Luxury goods retailer Mulberry issues its second profit warning since Christmas and says it will look to introduce new "more affordable" products.

Tube staff plan five days of strikes
Thu, 17 Apr 2014 15:07:51 GMT
RMT workers on the London Underground are to take five days of strike action according to the union.

Bus operator to axe 14 services
Thu, 17 Apr 2014 16:44:53 GMT
The biggest bus operator in Wales announces it will axe 14 services and reduce eight others as it cuts its fleet by 10%.

German media boss criticises Google
Thu, 17 Apr 2014 13:20:24 GMT
In an open letter to Google's Eric Schmidt the boss of German publishing firm Axel Springer says it is afraid of the search giant.

China sales fall hits Remy Cointreau
Thu, 17 Apr 2014 07:13:19 GMT
French spirits firm Remy Cointreau says operating profits will fall by up to 40% after a crackdown by China on extravagant spending hits sales.

Jockey Club makes record profits
Thu, 17 Apr 2014 02:58:45 GMT
The Jockey Club, the organisation behind the UK's leading horseracing events, reports record profits for last year of £22m.

Virgin apologises for email glitch
Thu, 17 Apr 2014 14:07:45 GMT
Virgin Media apologises after some of its customers received hundreds of unwanted emails because of a distribution list error.

Tencent brings Candy Crush to China
Thu, 17 Apr 2014 02:21:59 GMT
China's internet giant Tencent will launch the popular Candy Crush game on the mainland in partnership with the game's creator King Digital Entertainment.

Free jail-built bikes for jobseekers
Tue, 15 Apr 2014 10:39:00 GMT
Jobseekers in Derby will be given free bikes refurbished by prisoners in a bid to help them find work.

New teachers 'can't risk mortgages'
Wed, 16 Apr 2014 13:14:29 GMT
A teaching union leader says young teachers are shying away from taking out mortgages because of uncertainty over their future earnings.

Wage rises catch up with inflation
Wed, 16 Apr 2014 11:35:12 GMT
After nearly six years of falling real wages, rises in weekly earnings have finally caught up with inflation, according to the Office for National Statistics.

'Shocking' rise in use of food banks
Wed, 16 Apr 2014 10:35:23 GMT
Hundreds of thousands more people are turning to food banks to stop themselves from going hungry, says charity the Trussell Trust.

China's 7.4% growth beats forecast
Wed, 16 Apr 2014 04:38:37 GMT
China's economy expanded by 7.4% in the first quarter of the year, better than expected but down from 7.7% at the end of 2013.

UK unemployment rate falls to 6.9%
Wed, 16 Apr 2014 10:16:20 GMT
The number of people out of work in the UK has fallen by 77,000 to a five year low of 2.24 million in the three months to February, official figures indicate.

China 'must allow currency to rise'
Wed, 16 Apr 2014 01:28:43 GMT
The US tells China its currency must be allowed to rise if its own and the rest of the world's economy are to see stable growth.

Steering a company in a new direction
Mon, 14 Apr 2014 23:00:58 GMT
Major change is a challenge for companies and their investors. How can chief executives shift a firm's course effectively?

The boss who wants staff to have fun
Sun, 13 Apr 2014 23:06:33 GMT
A profile of Henry Engelhardt, the boss of insurance group Admiral, and why he wants his staff to have fun.

Bamboo back in business for Taiwan
Wed, 09 Apr 2014 18:37:42 GMT
After decades of decline, Taiwan's bamboo industry is now recovering as the plant is being used to make a wider range of goods, says the BBC's Cindy Sui.

Man City players 'best paid in sport'
Wed, 16 Apr 2014 08:57:59 GMT
Premier League players at Manchester City are the best paid in global sport, according to a new study.

Hearts' banker agrees shares sale
Wed, 16 Apr 2014 17:11:37 GMT
Ukio Bankas creditors approve the sale of its shares in Hearts, who can now begin their move out of administration.

Prize money increase for French Open
Tue, 15 Apr 2014 12:56:51 GMT
The French Open will pay prize money of more than £20.6m this year, with the singles champions each receiving £1.36m.

AUDIO: Google 'not meeting expectations'
Thu, 17 Apr 2014 10:01:01 GMT
Larry Magid, technology analyst for CNET, discusses the fall in Google's shares.

AUDIO: Why Danny Mills bought all the pies
Thu, 17 Apr 2014 10:07:44 GMT
Former England defender Danny Mills has invested in the struggling West Cornwall Pasty Company.

VIDEO: Pennycook: Co-op results 'a disaster'
Thu, 17 Apr 2014 11:30:57 GMT
The Co-operative Group has announced losses of £2.5bn for 2013. Interim chief executive Richard Pennycook described the results as "a disaster".

VIDEO: Cyborg glasses mimic eye gestures
Wed, 16 Apr 2014 22:58:26 GMT
A Japanese researcher shows off glasses that display computer-generated eyes, which express emotions to save their wearer the effort.

VIDEO: Union backs plans for Co-op reform
Thu, 17 Apr 2014 11:45:35 GMT
The Co-operative Group has announced losses of £2.5bn provoking widespread calls for reform, including from one of the business's main unions Unite.

VIDEO: Thousands of China workers on strike
Wed, 16 Apr 2014 23:54:59 GMT
Labour disputes pop up regularly in China, but one strike in southern China over pay is attracting attention because of its size - 40,000 workers are involved.

VIDEO: Is ZTE's choosy strategy working?
Wed, 16 Apr 2014 23:54:16 GMT
ZTE has decided to pass over investing in areas where returns aren't likely to be high - its results later will show how its new strategy is paying off.

VIDEO: End of cost of living squeeze?
Wed, 16 Apr 2014 20:47:38 GMT
Wage increases have finally risen above the rate of inflation, after four years of falling living standards.

Fire ice: The energy of the future?
Wed, 16 Apr 2014 23:02:42 GMT
The latest addiction to help satisfy our energy needs

Sydney airport go-ahead
Thu, 17 Apr 2014 19:00:00 GMT
Economic gold or nightmare reality?

Indian bike messenger firm takes off
Wed, 16 Apr 2014 23:02:32 GMT
How easy is it for Indian start-up firms to get their wheels turning?

Sweet or sour? Duping our taste buds
Tue, 15 Apr 2014 23:00:11 GMT
Would this dessert taste different on a black plate?

How GDP became the figure to watch
Wed, 16 Apr 2014 08:14:47 GMT
How GDP became such an important measurement

How 3D is changing the shape of lessons
Tue, 15 Apr 2014 23:02:16 GMT
How 3D printing is changing the shape of lessons

The self-storage millionaires
Sun, 13 Apr 2014 23:13:04 GMT
The men who got rich selling empty space

Hi-tech start-ups aim for the stars
Mon, 14 Apr 2014 23:05:47 GMT
New tech helps small firms shoot for the stars