BCNE News

Live Business News from the BBC

Strikes and ash extend BA losses

Fri, 30 Jul 2010 07:09:30 +0000
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.


Sale of EDF's UK networks agreed

Fri, 30 Jul 2010 08:08:06 +0000
A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).


Industry toasts beer sales rise

Thu, 29 Jul 2010 23:05:58 +0000
Good weather and football's World Cup is thought to have given a boost to beer sales in the UK, industry figures suggest.


Chip sales boost Samsung profits

Fri, 30 Jul 2010 06:25:52 +0000
Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips.


Citigroup agrees $75m fraud fine

Thu, 29 Jul 2010 20:59:05 +0000
Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages.


Gambling firms reveal merger plan

Thu, 29 Jul 2010 15:10:10 +0000
The UK's Partygaming and Austrian firm Bwin unveil plans to merge and create the world's largest online gaming business.


Jailed Enron boss requests bail

Thu, 29 Jul 2010 18:30:27 +0000
The former chief executive of Enron, Jeffrey Skilling, has applied for bail. His lawyer says his conviction for fraud will be overturned.


Toyota announces fresh car recall

Thu, 29 Jul 2010 17:11:18 +0000
Toyota is recalling almost 430,000 vehicles in the US and Japan amid concern over steering problems.


Fugitive tycoon Nadir seeks bail

Fri, 30 Jul 2010 04:04:07 +0000
Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, begins a legal bid to be granted bail ahead of a UK theft trial.


Oil firms' profits almost double

Thu, 29 Jul 2010 15:56:19 +0000
Oil giants Royal Dutch Shell and Exxon Mobil see profits almost double in the week rival BP suffered record losses.


Fixed retirement age to be axed

Thu, 29 Jul 2010 10:59:50 +0000
People reaching the age of 65 will no longer be forced to retire from October next year, under plans announced by the government.


House price inflation eases again

Thu, 29 Jul 2010 13:12:47 +0000
UK house prices fell 0.5% in July, the Nationwide says, cutting the annual rate of house price inflation to 6.6% from 8.7%.


FSA tightens bankers' pay rules

Thu, 29 Jul 2010 15:35:13 +0000
The Financial Services Authority announces plans to update its guidelines on bankers' pay, affecting 2,500 firms.


BSkyB profits on high definition

Thu, 29 Jul 2010 14:17:31 +0000
Satellite TV group BSkyB reports a sharp jump in profits, driven by new subscriptions, particularly for high definition services.


Scottish review warns of job cuts

Thu, 29 Jul 2010 12:49:37 +0000
Up to 60,000 people working in the public sector in Scotland could lose their jobs, according to an independent review commissioned by ministers.


Aldi's 'elusive' billionaire co-founder dies

Wed, 28 Jul 2010 17:07:01 +0000
The billionaire co-founder of budget supermarket Aldi, Theo Albrecht dies, aged 88.


Beer giant loses fight for Budweiser name

Thu, 29 Jul 2010 16:40:02 +0000
Global brewing giant Anheuser-Busch InBev suffers a defeat in a long-running battle over the rights to the Budweiser beer brand.


Welfare reform options outlined

Thu, 29 Jul 2010 21:00:35 +0000
Ministers are to set out options for reforming the benefits system and moving people from welfare into work.


Landmark ruling on divorce money

Thu, 29 Jul 2010 16:51:29 +0000
A "ground-breaking" Court of Appeal judgement removes the protection previously given to thousands of people in divorce proceedings.


New High Street bank opens doors

Thu, 29 Jul 2010 09:40:50 +0000
The first High Street bank to launch in the UK for more than 100 years opens its doors for the first time.


California in 'fiscal emergency'

Thu, 29 Jul 2010 10:49:33 +0000
California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget.


China allows IMF report release

Thu, 29 Jul 2010 14:54:51 +0000
China allows the publication of an International Monetary Fund staff report on its economy for the first time since 2006.


Greek police clash with hauliers

Thu, 29 Jul 2010 10:48:31 +0000
Greek police fire tear gas to disperse hundreds of lorry drivers protesting in Athens against a government order to end their strike.


Results boost AstraZeneca shares

Thu, 29 Jul 2010 17:37:31 +0000
Shares in AstraZeneca rise more than 3% after the drug company reports a rise in profits after strong sales of key drugs.


China agrees Guinea mining deal

Thu, 29 Jul 2010 13:02:00 +0000
Mining giant Rio Tinto completes a deal with Chinese firm Chalco to enter a joint venture in West Africa.


Lufthansa hurt by ash and strike

Thu, 29 Jul 2010 17:28:32 +0000
Lufthansa Group reports a net loss after disruption caused by the ash cloud from the Icelandic volcano and a pilots' strike.


P&G in London 2012 Olympics deal

Wed, 28 Jul 2010 13:48:54 +0000
Consumer products giant Procter & Gamble becomes the 11th big firm to sign an Olympics sponsorship deal covering London 2012.


Extent of Barcelona debt revealed

Tue, 27 Jul 2010 13:49:43 +0000
A new audit into Barcelona's finances reveals the club's debt is 442m euros (£369.5m) after a loss of more than 77m euros (£64.36m) last season.


London 2012 eyes business backing

Mon, 26 Jul 2010 11:40:32 +0000
Small and medium-sized firms are asked to help raise funds for the British 2012 Olympic and Paralympic teams.


Novel take on French home shortage

Fri, 30 Jul 2010 06:10:15 +0000
Young French people having difficulty finding affordable housing are being given the chance to help older members of society and put a roof over their own heads.


'Retirement rules work for employers'

Thu, 29 Jul 2010 08:25:24 +0000
Plans to scrap the default retirement will 'raise concerns' according to David Yeandle of the Engineering Employers Federation.


Tehran's tactics to beat ship sanction

Thu, 29 Jul 2010 18:25:44 +0000
A look at how Iran's shipping industry stays one step ahead to minimise the impact of international sanction.


Where to fight BP oil spill battle?

Thu, 29 Jul 2010 22:17:01 +0000
As BP's rivals count the cost of a ban on offshore drilling, the tide of lawsuits arising from the oil spill in the Gulf of Mexico has washed up in a federal courtroom in Idaho.


'Older workers can pass on skills'

Thu, 29 Jul 2010 12:01:47 +0000
The government is planning to scrap the default retirement age in the UK from October 2011.


Green shoots of recovery in Europe?

Thu, 29 Jul 2010 18:21:49 +0000
A raft of European firms have announced bumper profits, fuelling hopes that the economy is on the right track following the recession.


Graphic novel finds audience in India

Thu, 29 Jul 2010 15:07:08 +0000
Graphic novels are finding new markets in India.


Metro Bank's first customers speak

Thu, 29 Jul 2010 12:06:57 +0000
The first High Street bank to launch in the UK for more than 100 years has opened its first branch in Holborn in London.


Picking up Penguins for 75 years

Thu, 29 Jul 2010 23:14:02 +0000
A colourful history of the famous book publisher


Hit by sanctions

Thu, 29 Jul 2010 22:59:29 +0000
Black market boom as Dubai curbs trade with Iran


Pensions timebomb

Thu, 29 Jul 2010 23:13:55 +0000
Russians fear the benefits system will cease to exist


New face

Thu, 29 Jul 2010 13:26:04 +0000
Can the new Metro Bank really shake up High Street banking?


Filling the gap

Wed, 28 Jul 2010 16:53:26 +0000
Why British businesses still need immigrant workers


Bright future

Wed, 28 Jul 2010 12:53:57 +0000
Electric motoring boosted by plug-in subsidy promise


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