UK Business News

Banks may be forced to boost reserves
Fri, 31 Oct 2014 17:10:02 GMT
British banks may have to hold more funds to guard against the risk of a future economic downturn, the Bank of England has proposed.

Russia raises interest rates to 9.5%
Fri, 31 Oct 2014 11:32:56 GMT
Russia's central bank raises interest rates to 9.5% from 8%, a much bigger rise than expected, as it seeks to combat inflation.

Government to 'retire' some WW1 debt
Fri, 31 Oct 2014 14:00:00 GMT
The UK Government has said that it will 'retire' £218m of the UK's £2bn First World War debt by refinancing bonds originally issued by Winston Churchill.

Former Android boss leaves Google
Fri, 31 Oct 2014 11:57:29 GMT
Andy Rubin steps down from Google, while his former colleague Daniel Graf is demoted at Twitter

Eurozone inflation edges up to 0.4%
Fri, 31 Oct 2014 12:16:49 GMT
Inflation in the eurozone rose slightly in October, giving some hope that the spectre of deflation can be staved off.

BOJ boosts monetary stimulus measure
Fri, 31 Oct 2014 10:34:29 GMT
Japan's central bank, the Bank of Japan, surprises markets by announcing an expansion of its monetary stimulus policy.

RBS reserves £400m for currency probe
Fri, 31 Oct 2014 16:59:50 GMT
Royal Bank of Scotland sets aside £400m to cover potential costs from an investigation into possible manipulation of the foreign exchange market.

FTSE up on bank news and Japan move
Fri, 31 Oct 2014 17:50:23 GMT
The FTSE 100 rises more than 1% as investors breathed a sigh of relief over Bank of England plans for capital reserves and welcomed news of a stimulus boost from the Bank of Japan.

Hungary scraps controversial web tax
Fri, 31 Oct 2014 12:57:00 GMT
Hungary shelves a proposed tax on internet data traffic after tens of thousands of Hungarians marched against it.

BA owner raises profit forecast
Fri, 31 Oct 2014 10:49:14 GMT
The parent company of British Airways, IAG, raises its profit forecast after it reports a 30% increase in third-quarter profits.

Russia-Ukraine deal secures EU gas
Fri, 31 Oct 2014 01:08:33 GMT
Russia will resume gas deliveries to Ukraine this winter in a deal brokered by the European Union, which will also safeguard supplies to EU countries.

Sony reports loss of $1.2bn
Fri, 31 Oct 2014 11:05:49 GMT
Japanese consumer electronics giant Sony reports a net loss for the three months to September of 136bn yen ($1.2bn; £762m).

Citigroup legal costs up by $600m
Fri, 31 Oct 2014 02:43:16 GMT
Investment bank Citigroup puts aside an extra $600m to cover legal expenses due to "rapidly evolving regulatory inquiries".

ANZ bank announces record profit
Fri, 31 Oct 2014 05:55:34 GMT
One of Australia's biggest lenders, ANZ, announces a record full-year net profit of A$7.3bn ($6.4bn, £4bn), up 15% from a year earlier.

Starbucks sales disappoint investors
Thu, 30 Oct 2014 23:33:20 GMT
Starbucks' shares fall as investors express disappointment at the company's latest quarterly sales figures.

US posts better-than-expected growth
Thu, 30 Oct 2014 14:27:38 GMT
The US economy grew at an annual rate of 3.5% in the third quarter, a better figure than economists were expecting.

Noriega fails to sue Call of Duty
Tue, 28 Oct 2014 19:19:33 GMT
The former dictator of Panama, Manuel Noriega, fails in his attempt to sue Activision after a character based on him appeared in a Call of Duty game.

Tesco ATM promises 'free erections'
Tue, 28 Oct 2014 17:43:59 GMT
There's been a rather unfortunate translation error on an ATM outside an Aberystwyth store.

Housing market 'losing momentum'
Thu, 30 Oct 2014 08:24:55 GMT
The UK housing market is showing signs of slowing down, the Nationwide says, with the annual rate of price growth slowing to 9% in October.

Royal Mint bid to woo gold investors
Thu, 30 Oct 2014 18:18:55 GMT
The Royal Mint announces the sale of a series of new, smaller, gold coins in a bid to encourage more people to invest in bullion.

Motorway fuel '£8 a tank dearer'
Thu, 30 Oct 2014 12:05:37 GMT
Filling up at a motorway service station can cost the average motorist an extra £8 a tank compared with elsewhere, the RAC says.

US Fed ends QE stimulus programme
Wed, 29 Oct 2014 19:28:18 GMT
US Federal Reserve announces an end to the quantitative easing stimulus programme begun in 2008 as economic recovery takes hold.

Singapore 'best place for business'
Wed, 29 Oct 2014 02:31:31 GMT
Singapore is ranked the best country to do business for a ninth consecutive year by the World Bank's annual "Doing Business" report.

Mortgage approvals at 14-month low
Wed, 29 Oct 2014 11:20:47 GMT
The number of mortgages being approved has fallen to its lowest level in more than a year, according to the Bank of England.

Change in China for family succession
Wed, 29 Oct 2014 20:04:52 GMT
Chinese entrepreneurs have typically chosen family members as their successors, but that tradition is now shifting.

Australia's flexible small firms
Wed, 29 Oct 2014 20:19:12 GMT
A growing number of Australian small firms are allowing their staff to work flexibly and are offering unusual benefits, saying it improves both morale and productivity.

The man who built a chocolate empire
Mon, 27 Oct 2014 00:02:27 GMT
Hotel Chocolat co-founder Angus Thirlwell explains how he created a corporate mints provider which he transformed into a chocolate empire.

NFL could give UK 'more than £100m'
Wed, 29 Oct 2014 10:00:32 GMT
A London-based NFL team could be worth more than £100m a year to the UK, according to a new report.

Hearts 'will adopt living wage'
Tue, 28 Oct 2014 16:19:33 GMT
Hearts vow to become the first football club in Scotland - and biggest in the UK - to adopt the living wage.

'Prize money gap needs to be closed'
Tue, 28 Oct 2014 00:02:42 GMT
Men earn more prize money than women in 30% of sports, a BBC Sport study reveals.

VIDEO: 'I don't know what my destiny is'
Fri, 31 Oct 2014 17:19:39 GMT
A day in the life of Ismael Diabate, an economic migrant stranded in the Moroccan capital of Rabat.

VIDEO: Morocco's offshore oil dispute
Fri, 31 Oct 2014 17:17:07 GMT
US oil company Kosmos Energy is to begin drilling off the coast of Western Sahara - a disputed territory claimed by both the Moroccan government and separatists from the indigenous Saharawi people.

VIDEO: Zimbabwe's crocodile farms
Fri, 31 Oct 2014 13:23:42 GMT
Crocodile farming in Zimbabwe is an expensive, niche business, as the BBC's Brian Hungwe finds out.

VIDEO: Can Indian consumers shop for less?
Fri, 31 Oct 2014 13:27:11 GMT
The BBC's Yogita Limaye asks if ordinary people are witnessing a real change in the cost of living due to slowing inflation.

VIDEO: Is data the next frontier in Africa?
Fri, 31 Oct 2014 13:24:58 GMT
With the vast majority of people choosing mobile phones over fixed lines, is data the next logical focus for Africa's telecommunications business?

VIDEO: Philippines tourism shrugs off warning
Fri, 31 Oct 2014 02:42:52 GMT
Ramon Jimenez, the Philippines' tourism secretary, says a drop in numbers from China is not a major concern because of growing visits from other countries.

VIDEO: Tim Cook 'an important role model'
Thu, 30 Oct 2014 22:49:14 GMT
Lord Browne, author of The Glass Closet and former Chief Executive of BP, has hailed Apple CEO Tim Cook as "an important role model", after Mr Cook publicly acknowledged his sexuality, saying he was "proud to be gay".

VIDEO: Chinese Hollywood builds Forbidden City
Thu, 30 Oct 2014 09:53:21 GMT
Hengdian, a small town on the east coast of China, has become the setting for one of the largest outdoor movie studios in the world.

Global tax rules 'need tightening'
Fri, 31 Oct 2014 13:09:43 GMT
Global tax rules 'need tightening'

The metal detectors saving marriages
Fri, 31 Oct 2014 12:41:59 GMT
The metal detectorists saving marriages

What are Remploy workers doing now?
Fri, 31 Oct 2014 02:13:29 GMT
How former Remploy workers struggle to find work

Colorado considers fracking's future
Fri, 31 Oct 2014 00:07:42 GMT
Weighing up oil and gas development in Colorado

Is it a golden age for Chinese cinema?
Thu, 30 Oct 2014 19:36:08 GMT
Will Chinese films be the next big blockbusters?

Has quantitative easing worked?
Thu, 30 Oct 2014 00:42:35 GMT
Has the US Federal Reserve's QE policy worked?

Giant Samsung struggles at the top
Thu, 30 Oct 2014 11:13:17 GMT
Has the market finally caught up with Samsung?