Business news

BBC News - Business

Royal Mail sees parcels revenue fall

Royal Mail warns of lower revenues from its parcels business, but says it should still be able to meet its targets for the year.

PPI 'dominates complaints data'

Up to 5,000 new complaints a week about payment protection insurance (PPI) are making their way to the financial ombudsman, but the numbers are falling.

Yahoo buys app analytics firm Flurry

Yahoo acquires an app analytics firm, Flurry, in an attempt to help boost its advertising revenue from smartphones.

Credit Suisse posts quarterly loss

Swiss banking giant Credit Suisse reports its biggest quarterly loss in almost six years after being hit by its settlement with US authorities over tax evasion charges.

Netflix profits double to $71m

Online video service Netflix reports profits of $71m in the second quarter, more than double compared with the same period a year ago.

Osborne to announce £18m funding

Chancellor George Osborne will announce £18m of funding for business projects he says could help create 30,000 jobs in the Glasgow area.

China signs Venezuela oil deal

Chinese President Xi Jinping has signed an oil deal with Venezuela, as part of a four-day tour of Latin America.

Criminal probe targets forex market

The Serious Fraud Office (SFO) launches a criminal investigation into allegations of price rigging in the foreign exchange market.

Tesco boss feels 'relief' over exit

Tesco says chief executive Philip Clarke expresses his 'enormous relief' over leaving the company.

Independent help for new pensioners

Savers will receive free independent guidance as part of a move to give unfettered access to their pension funds from next year, the government says.

Sky buys 70% stake in Bake Off firm

Sky has bought a 70% stake in the production company behind programmes such as The Great British Bake Off and Benefits Street.

Seoul to ban ride-sharing app Uber

Seoul is planning to ban mobile phone ride-sharing app Uber just as the company aims to accelerate its expansion in Asia.

China suspends KFC's meat supplier

Authorities in Shanghai suspend the operations of a meat supplier suspected of selling expired meat to fast food chains including McDonald's and KFC.

Airbnb logo faces Twitter backlash

Airbnb's new logo has been criticised and mocked by social media users, although others have praised the rebrand.

Blogger fined for restaurant review

A French judge rules against a blogger whose restaurant review is deemed too prominent in Google search results.

Nationwide computer glitch 'over'

Nationwide Building Society says the technical problems that hit its online banking services have been resolved.

Banks to face full competition probe

Markets watchdog the Competition and Markets Authority (CMA) has recommended a full competition inquiry into banks.

Child car seat installers 'failing'

Many retailers who offer to install child car seats free of charge are guilty of "serious failings", according to a Which? investigation

UK to post 'strongest growth in G7'

The UK economy will grow faster in 2014 than any other G7 state, while low wage rises will keep interest rates at 0.5% until next year, says a report.

Lagarde warns of market optimism

IMF head Christine Lagarde warns that financial markets maybe a little too upbeat given high levels of unemployment and debt in European economies.

US and EU boost sanctions on Russia

The US and EU bolster sanctions against Russia over its actions in Ukraine, prompting an angry reaction from Vladimir Putin.

How to ask for $250m

The dos and don'ts of pitching for business investment, what venture capitalists look for, and what they run from.

Chasing the silver dollar

With the world's population getting older, the BBC's Jane O'Brien meets some of the growing number of entrepreneurs targeting the "silver dollar" - elderly customers.

Would you get a tattoo of a company logo?

Chuck Runyon, the boss of fast-growing US gym chain Anytime Fitness, explains why more than 2,000 people have been inspired to get tattoos of the company's logo.

Real Madrid 'most valuable team'

Real Madrid has topped an annual Forbes list of the world's most valuable sports teams.

Fifa partner surrenders in Brazil

Ray Whelan, the British boss of a World Cup hospitality firm, surrenders to a Brazilian judge amid a probe into alleged illegal ticket sales.

Man Utd signs £750m Adidas kit deal

Adidas will pay £75m a season to make Manchester United's kit for the next 10 years, after Nike ended its 13-year partnership.

Can drones tackle wildlife poaching?

How drones may be used to fight wildlife poaching in Africa

A company born out of frustration

How one man's failure to get a cab drove him to try to fix the problem

From bad to worse?

Further sanctions on Russia will hit an already ailing economy

The EU's nuclear links with Russia

The EU's dependence on Russian-designed power plants

Akubra: Keeping it in the family

The family firm behind the famous Aussie headwear

How to make your fortune from writing

How to make a fortune writing about stuff you love

The statistical issues around strike thresholds

The statistical issues around strike thresholds

Slovakia's successful app entrepreneur

'I wanted to make products for people'

Source: BBC News - Business

BBC News - Business

VIDEO: The oddities of the City of London

The Corporation of London is the body that runs the City and is a quirk of centuries of history.

VIDEO: How safe is the 'internet of things'?

Increasingly, technology companies are integrating the internet with other devices, such as household appliances or cars. But are there security risks?

VIDEO: Malaysia Airlines' future questioned

Analysts are questioning whether Malaysia Airlines can recover from two tragic disasters this year.

AUDIO: Osborne on pensions advice plan

Chancellor George Osborne discusses a new initiative to supply savers with free independent pensions advice.

VIDEO: 'I couldn't get a taxi... so I created an app'

Brazilian Tallis Gomes explains how a failed attempt to hail a cab drove him to create smartphone app Easy Taxi.

VIDEO: Akubra hats: Keeping it in the family

For more than 130 years one family has been making Australia's most famous range of hats - Akruba.

VIDEO: Creating a world class sat-nav firm

How Michal Stencl created one of the world's biggest sat-nav companies in Slovakia.

VIDEO: Mayor: Not helpful for me in my role

The banking scandals in recent years are "not helpful for me in my role", says the Lord Mayor of London.

VIDEO: Piracy alerts to be sent to households

Warning emails are to be sent to people who are downloading music and films illegally.

VIDEO: Nigeria's boom leaving many behind

Nigeria is booming, but a vast gap still exists between the growing middle-class and other Nigerians.

VIDEO: Zambia's dynamic Chinese romance

China and Zambia have strong trade and business links, but the romance has not been without controversy.

VIDEO: Delhi's Commonwealth Games legacy

The Commonwealth Games in Delhi four years ago provided the city with world class facilities, but there is criticism that the legacy was not worth the cost.

VIDEO: Carney: 'Mortgage recklessness' concerns

Bank of England Governor Mark Carney says high mortgages are appropriate for some borrowers, but the Bank is taking steps to avoid lending 'recklessness'.

VIDEO: Farnborough: Bombardier's challenge

For more than two decades, the global airline industry has been dominated by two names -- Boeing and Airbus -- but Bombardier is snapping at their heels.

VIDEO: Apple to team up with IBM

Apple and IBM have announced a business partnership that will see the two firms co-develop business-centric apps for iPhones and iPads.

VIDEO: Zanzibar's Islamic banks on the rise

Conventional banks in Zanzibar are tapping into a growing market for financial products and services that are compliant with Islamic law.

VIDEO: Islamic banking takes on incumbents

Islamic banking is growing quickly, and firms are developing products that comply with Islamic law, to access a burgeoning market.

VIDEO: Westwood: No mandate for fracking

Nearly half of the British people do not know what fracking is, says Vivienne Westwood in a personal film

VIDEO: Brics nations agree development bank

The leaders of the world's largest emerging economies - Brazil, Russia, India, China and South Africa - meeting in Brazil have signed a deal to create a new $100bn development bank and emergency reserve fund.

VIDEO: Powered paragliders at Farnborough

The BBC's Theo Leggett meets a firm displaying at the Farnborough Airshow which makes powered paragliders.

VIDEO: Scorpion fighter jet goes on show

The Scorpion jet, which went from drawing board to first flight in 23 months, is on display at the Farnborough Airshow.

VIDEO: Payday loan repayments to be capped

People using payday lenders will see the cost of borrowing fall significantly from next year.

VIDEO: Firms fear of exporting their goods

The British Chambers of Commerce represents 100,000 businesses of all shapes and sizes and it says there is a fear about exporting among many companies.

VIDEO: 100 years of commercial aviation

The BBC's Aaron Heslehurst looks at the first 100 years of commercial aviation.

VIDEO: China's high-speed rail revolution

China has a larger high-speed rail network than the entire European Union or the United States, according to a new World Bank report.

VIDEO: The secret of Vente-privee's success

Jacques-Antoine Granjon explains how he came up with the idea for "flash" sales website vente-privee.com.

VIDEO: Inside the latest Boeing Dreamliner

The BBC's Aaron Heslehurst took a tour of a 787 Dreamliner at the Farnborough Airshow.

VIDEO: UK broadband 'not fit for purpose'

The Federation of Small Businesses criticises the government's "unambitious" broadband targets and calls for a rethink.

VIDEO: High demand delays new plane delivery

Airbus has announced a revamp of its popular A330 passenger jet on the opening day of the Farnborough Airshow.

VIDEO: PM: '£1.1bn 'will keep Britain safe'

The prime minister has announced £1.1bn will be spent on defence - including £800m on a surveillance package.

VIDEO: Is appointment to a job by gender right?

How the construction industry tries to recruit more women, and diversity in Parliament, the BBC and Hollywood films

VIDEO: Can Royal Mail cope with competition?

The Royal Mail faces competition in its postal delivery business, with other firms taking on some of its work.

VIDEO: No 'wiggle room' during takeovers

Business Secretary, Vince Cable has said that there is an agreement across government to bring in new laws governing mergers and takeovers.

VIDEO: The arcade where Donkey Kong lives on

Video-game arcades have all but died out, but Mark Starkey has salvaged and repaired old machines to keep the arcade alive.

VIDEO: Do unions have a strike mandate?

The government has criticised unions calling strike action without a significant enough level of support.

Source: BBC News - Business

Business News