UK Business News

Alibaba shares surge on NY debut
Fri, 19 Sep 2014 20:31:24 GMT
Alibaba's shares closed significantly above their initial price on the New York Stock Exchange on Friday, a sign of the excitement surrounding the Chinese internet giant.

Vodafone saves Phones 4U store jobs
Fri, 19 Sep 2014 18:34:20 GMT
Restructuring at the Phones 4U head office is resulting in 628 redundancies, but 887 jobs in stores will be preserved.

Shares rise in London on 'No' vote
Fri, 19 Sep 2014 16:05:06 GMT
Shares rise in London after Scotland rejects independence, as a rally in the pound fades.

Prada profit hit by fall in sales
Fri, 19 Sep 2014 15:53:27 GMT
The Italian fashion house Prada reports a 20% fall in profit, hit by the strength of the euro and a fall in leather good sales.

GSK fined $490m by China for bribery
Fri, 19 Sep 2014 10:28:01 GMT
China fines UK pharmaceuticals firm GlaxoSmithKline $490m (£297m) for bribery and its former head of Chinese operations is given a suspended jail sentence.

Scottish 'No' vote 'relief' for firms
Fri, 19 Sep 2014 12:51:07 GMT
Businesses speak of 'relief' over Scotland's rejection of independence, and banks say they will no longer be shifting operations out of Scotland.

South Sudan dismays investors
Fri, 19 Sep 2014 20:30:41 GMT
South Sudan's decision to order foreign workers to leave, reversed a day later, has rattled investors and neighbours.

WPP moves into Mongolia
Fri, 19 Sep 2014 14:57:50 GMT
A subsidiary of global advertising giant WPP has acquired a majority stake in a Mongolian ad agency.

Oracle boss Larry Ellison steps down
Thu, 18 Sep 2014 23:14:29 GMT
Multi-billionaire Oracle boss Larry Ellison steps aside to focus on product engineering, as Mark Hurd and Safra Catz are named as co-chief executives.

Rents 'rising faster than inflation'
Fri, 19 Sep 2014 11:12:01 GMT
The cost of renting a home in England and Wales rose faster than inflation in the year to August, climbing 2.4%, according to a survey.

Microsoft cuts more than 2,000 jobs
Thu, 18 Sep 2014 19:52:10 GMT
Microsoft announces another 2,100 redundancies as part of a target to cut 18,000 jobs, about 14% of its workforce.

Phones 4U 'rescue' attempt fails
Thu, 18 Sep 2014 15:40:46 GMT
A group of bondholders in the collapsed retail chain, Phones 4U, have failed in an 11th-hour plan to rescue the company.

Clash over car tax disc changes
Thu, 18 Sep 2014 09:03:18 GMT
Motorist organisation, the RAC, and the DVLA have clashed over the policing of car tax with claims of increased evasion amid changes to the system.

Vacuum cleaner boost for retail sales
Thu, 18 Sep 2014 10:09:52 GMT
UK retail sales rose by 0.4% during August, helped by shoppers looking to snap up high-powered vacuum cleaners ahead of an EU ban on the products.

ECB stimulus offer sees low take-up
Thu, 18 Sep 2014 12:43:34 GMT
A European Central Bank measure designed to stimulate the flagging eurozone economy has seen a low initial take-up by banks.

Airlines' luggage surcharges 'legal'
Thu, 18 Sep 2014 14:08:22 GMT
Airlines are within their rights to charge a supplement to customers checking-in their luggage, a court rules.

'Thousands lie' on motor cover forms
Wed, 17 Sep 2014 09:00:04 GMT
A total of 180,675 fraudulent applications for motor insurance were detected by the industry last year, a trade body says.

Bosses and cash vanish at shoe firm
Tue, 16 Sep 2014 15:45:58 GMT
Chinese footwear firm Ultrasonic has announced the disappearance of its chief executive and chief operating officer, along with most of its cash.

Women convicted of 'pyramid scheme'
Thu, 18 Sep 2014 14:31:51 GMT
Six women are convicted of running a "pyramid scheme" in south-west England and south Wales in which thousands of people lost money.

Mortgage appetite 'starting to wane'
Thu, 18 Sep 2014 10:04:33 GMT
Borrowers' appetite for home loans is "starting to wane" despite an annual rise in mortgage lending, a lenders' group says.

Bank 'tops customer service ratings'
Tue, 16 Sep 2014 23:06:23 GMT
Online bank First Direct has topped a customer service league compiled by consumer group Which?, with Npower ranked bottom.

Irish economy bounces back strongly
Thu, 18 Sep 2014 14:03:35 GMT
The Irish government upgrades growth forecasts for 2014 after the economy grew by a stronger-than-expected 1.5% in the April-to-June quarter.

India and China sign landmark deals
Thu, 18 Sep 2014 15:59:57 GMT
India and China sign 12 agreements, one of which will see China investing $20bn in India's infrastructure over five years.

US Fed to end stimulus in October
Wed, 17 Sep 2014 19:38:42 GMT
The US Federal Reserve says it will raise interest rates once a "considerable time" has passed after its stimulus programme ends in October.

The PoW who built a $180m business
Tue, 16 Sep 2014 23:28:02 GMT
A profile of Everett Alvarez, the former US Navy pilot, who spent eight and a half years as a prisoner of war in North Vietnam, before a successful career in government and business.

Africa's first education tablet
Mon, 15 Sep 2014 23:01:28 GMT
Ivorian Coast entrepreneur Thierry N'Doufou talks about how he developed a tablet computer which he wants to be used by all school children in the country.

How to be a big fish in a small pond
Sun, 14 Sep 2014 19:02:10 GMT
Singaporean businessman Kenny Yap says he aims to be the world's biggest tropical fish exporters: "I like being a big fish in a small pond," he tells the BBC.

Radisson halts Vikings sponsorship
Tue, 16 Sep 2014 23:05:06 GMT
Hotel chain Radisson suspends its sponsorship of NFL team Minnesota Vikings after one of their players was charged with child abuse.

US firm assessing offer for Tottenham
Fri, 12 Sep 2014 14:26:46 GMT
US private investment company Cain Hoy Enterprises confirms it is considering a takeover offer for English Premier League club Tottenham Hotspur.

Man United predicts fall in profit
Wed, 10 Sep 2014 14:16:16 GMT
Manchester United predicts profit and revenue to fall as a result of its failure to qualify for Champions League.

VIDEO: Alibaba shares begin trading in NY
Fri, 19 Sep 2014 15:15:51 GMT
Shares in Alibaba, the Chinese online retailer, have begun trading on the New York Stock Exchange.

VIDEO: Pound and shares rise on 'No' vote
Fri, 19 Sep 2014 09:03:40 GMT
The pound has hit a two-year high against the euro and a two-week high against the US dollar, as Scotland voted against independence.

VIDEO: Kenya's blooming flower industry
Fri, 19 Sep 2014 11:40:23 GMT
Despite a temporary slump in the market, Kenya's flower sector delivered $500m in sales in 2013.

VIDEO: GSK receives record fine in China
Fri, 19 Sep 2014 16:13:58 GMT
Pharmaceutical firm GlaxoSmithKline is fined $490m (£297m) after being found guilt of bribery by a Chinese court.

VIDEO: Technology helps India's farmers
Thu, 18 Sep 2014 17:00:06 GMT
The BBC's Shilpa Kannan meets Indian farmers to find out how they are changing the way they work, and to see the technology helping them cope with climate change.

VIDEO: Post-Westgate: Kenya's security push
Fri, 19 Sep 2014 10:17:17 GMT
One year after armed members of Islamist militant group al-Shabab attacked the Westgate shopping centre in Nairobi, Kenya, the BBC's Anne Soy reports on the new methods being used to train security guards.

AUDIO: Lord Hill objections 'barrel-scraping'
Thu, 18 Sep 2014 12:24:16 GMT
MP Damian Green has come to the defence of Lord Hill as British Candidate for European Commissioner, describing objections to his appointment as a "barrel-scraping argument".

VIDEO: Job figures 'very encouraging'
Wed, 17 Sep 2014 09:49:25 GMT
Work and Pensions Secretary Iain Duncan Smith has said the latest unemployment figures are "very encouraging".

'No' vote to alter tax and benefits
Fri, 19 Sep 2014 13:00:39 GMT
How 'No' vote will alter Scottish tax and benefits

Jack Ma: The man behind Alibaba
Thu, 18 Sep 2014 21:41:14 GMT
The man behind China's internet giant Alibaba

Kenyan security industry grows post-Westgate
Fri, 19 Sep 2014 00:11:32 GMT
Kenya's security sector grows in aftermath of Westgate attack

India's farmers turn to technology
Thu, 18 Sep 2014 19:04:56 GMT
India's farmers turn to tech to cope with climate change

What will Alibaba do with $25bn?
Wed, 17 Sep 2014 23:03:11 GMT
What will Alibaba do with $25bn?

Glimpse at the High Street 2020
Wed, 17 Sep 2014 23:42:15 GMT
How will we shop in 2020?

Farming 'the hardest plant to grow'
Wed, 17 Sep 2014 23:20:37 GMT
The North American farmers who have started to plant wasabi