UK Business News

Amazon reports $126m quarterly loss
Thu, 24 Jul 2014 21:19:11 GMT
Amazon reports a loss of $126m in the second quarter and warns of slowing sales.

IMF lowers global growth forecast
Thu, 24 Jul 2014 15:50:10 GMT
The International Monetary Fund (IMF) has lowered its forecast for global economic growth this year, from 3.7% to 3.4% but the UK's forecast is raised.

Barclays challenges US fraud case
Thu, 24 Jul 2014 15:35:28 GMT
Barclays challenges legal action brought by US prosecutors alleging fraud in its "dark pool" trading operations.

GM profits hit by recall problems
Thu, 24 Jul 2014 15:33:05 GMT
Earnings at the US carmaker General Motors slump because of the cost of vehicle recalls.

SA to block land sales to foreigners
Thu, 24 Jul 2014 19:34:50 GMT
The South African government is fast-tracking a bill to block land sales to foreigners, which could come into effect in 2019.

Banks face tougher accounting rules
Thu, 24 Jul 2014 17:13:20 GMT
Newly published banking standards could mean banks have to hold significantly more funds to guard against potential loan losses.

Register 'fails to stop cold calls'
Thu, 24 Jul 2014 15:02:39 GMT
Only a third of "nuisance" calls are blocked by a service that allows individuals to opt-out of marketing calls, research has found.

Europe lifts Tel Aviv flights ban
Thu, 24 Jul 2014 13:22:06 GMT
The European Aviation Safety Agency has joined the US in lifting its ban on flights to Tel Aviv's Ben Gurion airport.

UK retail sales continue to grow
Thu, 24 Jul 2014 09:20:38 GMT
The volume of goods sold in the UK's shops, stores and supermarkets continues to grow, according to the Office for National Statistics (ONS).

Alstom charged with corruption
Thu, 24 Jul 2014 11:21:59 GMT
Alston Network, a UK subsidiary of the giant French engineering group Alstom, has been charged with corruption by the Serious Fraud Office (SFO).

Unipart Automotive sheds 1,200 jobs
Thu, 24 Jul 2014 11:19:09 GMT
More than 1,200 jobs are lost from Solihull-based car parts firm Unipart Automotive as it goes into administration.

Carbon concerns over wood burning
Thu, 24 Jul 2014 12:58:56 GMT
Burning wood to fuel power stations can create as many harmful carbon emissions as burning coal, according to a government report.

'Risk of debt peril' when rates rise
Wed, 23 Jul 2014 23:00:03 GMT
A "relatively benign" rise in interest rates still has the potential to double the number of households facing debt problems, a think tank has said.

Standard Chartered board backs execs
Thu, 24 Jul 2014 15:44:28 GMT
Standard Chartered bank has backed its chief executive and chairman after media reports that they are under pressure to stand down.

'Act now' on tax credit renewal
Thu, 24 Jul 2014 11:11:43 GMT
Hundreds of thousands of people have a week to renew their tax credits or face losing the payments, HM Revenue and Customs says.

Spanish unemployment below 25%
Thu, 24 Jul 2014 11:07:32 GMT
The unemployment rate in Spain falls below 25% for the first time in two years, as the economy begins to grow.

Bigger payout for power cut victims
Thu, 24 Jul 2014 07:30:29 GMT
People whose power is cut off for long spells during bad weather will be eligible for much higher compensation payments.

Websites frozen in pension campaign
Thu, 24 Jul 2014 08:19:43 GMT
Eighteen websites have been suspended and arrests made during a campaign, being revamped on Thursday, against pensions cash "predators".

European Central Bank website hacked
Thu, 24 Jul 2014 09:34:08 GMT
The website of the European Central Bank has been hacked, with personal information stolen, but the bank says no market sensitive data was compromised.

Herbalife dodges "death blow"
Wed, 23 Jul 2014 15:05:55 GMT
Hedge fund manager Bill Ackman fails to land his promised "death blow" on diet shake company, Herbalife.

British holidaymakers return to Spain
Tue, 22 Jul 2014 15:16:49 GMT
The number of people taking their holidays in Spain reaches record levels, according to the country's tourism ministry.

Watchdog launches full energy probe
Thu, 24 Jul 2014 08:13:31 GMT
The Competition and Markets Authority launches a full investigation of the UK energy market.

Young adults face housing squeeze
Wed, 23 Jul 2014 11:38:10 GMT
A growing proportion of young people have been squeezed out of the housing market in England and are renting privately instead, a report suggests.

Disability benefits flaws 'grave'
Wed, 23 Jul 2014 07:29:26 GMT
Parts of the disability benefits system require a "fundamental redesign" because flaws in the process are so "grave", a group of MPs says.

China manufacturing growth speeds up
Thu, 24 Jul 2014 02:34:56 GMT
China's manufacturing activity grows at its fastest pace in 18 months in July, an initial survey by HSBC shows, the latest sign that its economy may be stabilising.

IMF forecasts lower US growth
Wed, 23 Jul 2014 18:39:02 GMT
The IMF is lowering its forecast for US economic growth to a "disappointing" 1.7%, the second downgrade this year.

South Korea unveils $40bn stimulus
Thu, 24 Jul 2014 08:13:04 GMT
South Korea unveils a $40bn stimulus package to help boost the economy after the latest figures show a slowdown in growth.

A company born out of frustration
Mon, 21 Jul 2014 22:50:25 GMT
Easy Taxi founder Tallis Gomes explains how the difficulties of hailing a cab in Rio de Janeiro led him to create his smartphone app.

Akubra: Keeping it in the family
Mon, 21 Jul 2014 04:24:38 GMT
Akubra has been run by one family for five generations and their handsome felt hats, which are made with rabbit fur, are very much a part of Australia's national identity.

Slovakia's successful app entrepreneur
Sun, 20 Jul 2014 22:34:10 GMT
Aged just eight, Michal Stencl knew he wanted to be a computer programmer - now he runs a firm selling one of world's most popular apps.

Labour considers sport betting levy
Thu, 24 Jul 2014 02:51:52 GMT
A betting levy to help fund community facilities and treat gambling addiction is among proposals considered by Labour in a "long-term innovative plan for sport".

Real Madrid 'most valuable team'
Wed, 16 Jul 2014 16:28:30 GMT
Real Madrid has topped an annual Forbes list of the world's most valuable sports teams.

Fifa partner surrenders in Brazil
Mon, 14 Jul 2014 20:13:21 GMT
Ray Whelan, the British boss of a World Cup hospitality firm, surrenders to a Brazilian judge amid a probe into alleged illegal ticket sales.

VIDEO: Bill Gates talks Africa with the BBC
Thu, 24 Jul 2014 15:56:43 GMT
Bill Gates calls for an improved audit of international aid in Africa, to ensure it achieves its aims.

VIDEO: The tale of the pub with no power
Thu, 24 Jul 2014 15:26:17 GMT
Bad weather left a Kent pub without power over Christmas, the landlord has been compensated for loss of earnings as power companies change the rules on payments for people whose power is cut off

VIDEO: 'Cheesegrater' construction complete
Thu, 24 Jul 2014 09:23:33 GMT
Building work is completed on the tallest skyscraper in the City of London.

VIDEO: Wine fraudster to be sentenced in US
Thu, 24 Jul 2014 01:24:26 GMT
Rudy Kurniawan, who manufactured phony vintage wine in his kitchen, will be sentenced for fraud on Thursday.

VIDEO: Facebook profits surge on mobile ads
Thu, 24 Jul 2014 01:28:06 GMT
Facebook has reported a 138% jump in net income in the second quarter on booming advertising revenue.

VIDEO: Apple profits up on iPhone sales
Wed, 23 Jul 2014 05:49:34 GMT
Apple reports quarterly profits of $7.75bn up 12%, helped by strong sales of its iPhone.

VIDEO: Saudi Arabian stock market opens up
Wed, 23 Jul 2014 01:29:35 GMT
Saudi Arabia's stock market will open up to foreign investors for the first time.

VIDEO: Questions over flight path oversight
Wed, 23 Jul 2014 05:56:06 GMT
The loss of Malaysia Airlines flight MH17 has raised questions over how flight paths are regulated.

The rise of solo dining
Wed, 23 Jul 2014 23:00:08 GMT
The restaurants that love solo diners

From an orphanage to entrepreneur
Tue, 22 Jul 2014 23:00:57 GMT
From living in an orphanage to a self-made millionaire

Germany and Russia's contradictory relationship
Tue, 22 Jul 2014 14:13:45 GMT
Why sanctions on Russia are hard for Germany

Digesting China's latest food scare
Wed, 23 Jul 2014 21:44:04 GMT
Digesting China's latest food scandal

Dream Cars: Innovative Design, Visionary Ideas
Wed, 23 Jul 2014 01:14:09 GMT
Models and conceptual drawings by famous car manufacturers

How many Greek legends were really true?
Tue, 22 Jul 2014 23:00:51 GMT
How spartan were Spartans? Did the Trojans have a horse?

Can drones tackle wildlife poaching?
Mon, 21 Jul 2014 22:43:02 GMT
How drones may be used to fight wildlife poaching