BBC business news feed
Date: 25 July 2008
Author: kenhieonly
Last updated: 23/07/2004 12:31:24
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 | The following content is derived using an XML news feed from the BBC. Last updated at Fri, 25 Jul 2008 05:29:01 GMT |
| Loch Fyne wages 'below minimum' Staff at the ethical restaurant chain Loch Fyne are being paid less than half the national minimum wage, the BBC finds. |
| Fuel poor tariffs 'must be cheap' Regulator Ofgem tells energy companies the tariffs offered to their poorest customers must match their cheapest deals. |
| Fears for wedding gift list firm Wedding gift firm Wrapit says it is having financial problems, amid fears that brides and grooms will not get their presents. |
| Boss of BP Russia venture leaves BP says the chief executive of its Russian venture TNK-BP has temporarily left Russia because of "sustained harassment". |
| British Energy close to sale deal French energy firm EDF and British Gas owner Centrica are close to buying British Energy, the BBC learns. |
| UK retail sales fall 3.9% in June Retail sales in the UK fell 3.9% in June, reversing a sudden and unexpected 3.6% record surge seen in May. |
| Easyjet plans cuts as costs bite Airline Easyjet will cut flights this winter to offset a challenging economic climate and high fuel prices that have hurt profits |
| US home sales still on the slide US homes sales fall 15.5% from a year ago, raising fresh fears about the US economy and triggering a slide on Wall Street. |
| Carmakers tackle profit problems Three of the world's top carmakers unveil plans to help them survive as the industry faces slumping demand. |
| Arctic 'has 90bn barrels of oil' The Arctic is estimated to hold some 90bn barrels of oil, according to data from the US Geological Survey. |
| How long could you go without work before the cash ran out? The average person's savings would last for 52 days if they found themselves out of work, says a new report. |
| Safe as houses A controversial buy-to-let property firm faces questions |
| Slippery business BP faces battle to keep Russian joint venture |
| African year A former insurance boss casts eye over aid industry |
| Sad birthday? The glory of the Model T can't hide Ford's problems |
| Extra time Nationwide saves world's oldest football annual |
| Robert Peston British Energy's long takeover saga is about to end |
| Moscow tops list of pricey cities Moscow tops the league of the most expensive cities to live in for expatriates, followed by Tokyo and London. |
| Bank phishing attacks on the rise Attempts by internet fraudsters to con people into revealing their bank account details are rising, a banking body says. |
| B&Q pushes up Kingfisher's sales Home improvements retailer Kingfisher says same store sales at its B&Q chain have risen indicating its improvement plan is on track. |
| Scottish & Southern warns of rise UK utility firm Scottish & Southern has warned customers it is likely to increase electricity and gas prices. |
| Housing rescue bill passed in US The US House of Representatives passes a massive housing rescue bill after President Bush says he will not veto it. |
| Net firms in music pirates deal Six top UK internet providers are believed to have signed up to a government-backed plan to tackle illegal file-sharing. |
| Inflation in Vietnam passes 27% Vietnam reports an inflation rate of 27.04% in July, the highest so far this year, but experts say worse is to come. |
| Baidu profits boosted by Olympics Leading Chinese search engine firm Baidu.com sees quarterly profits rise sharply, as traffic rises thanks to the Olympics. |
| Credit Suisse returns to profit Credit Suisse's second-quarter profits beat expectations, helped by a good performance from its private banking arm. |
| Amazon profit doubles The online retailer Amazon beats forecasts by doubling its profits as high petrol prices encourage home shopping. |
| Three-way split on rate decision The majority of Bank of England policymakers voted to keep rates at 5% this month, but one voted for a cut and another for a rise. |
| MPs scrap France's 35-hour week France's parliament passes a law which effectively ends the country's compulsory 35-hour working week. |
| Brazil increases interest rates Brazil increases interest rates to 13% from 12.25%, in an attempt to counter rising inflation |
| Mortgage approvals hit fresh low The number of new mortgages approved by the major banks fell to a new record low in June, and is down 67% on the year. |
| Ryanair price error 'to be fixed' Ryanair says it will fix a fault on its website that means it is breaking official rules on price clarity. |
| Glaxo unveils plan to diversify Global drugs giant GlaxoSmithKline wants to broaden its product base as it grapples with tough competition from generic drug makers |
| Dreamliner hits Boeing's results Delays to a military order and the 787 Dreamliner project take their toll on Boeing's three-month results. |
| Mortgage advisers 'are failing' Most mortgage advisers are doing a poor job when giving advice, according to research by the consumers association Which? |
| New Northern Rock boss appointed Northern Rock appoints Barclays' Gary Hoffman as its new chief executive as the last original board member leaves. |
| Credit union rules to be reformed Measures to strengthen the finances of credit unions are set to be brought into force by the government next year |
| Fuel sellers start cutting prices UK drivers are set to benefit after a number retailers including Asda, Morrisons and BP said that they would cut petrol prices. |
| Oil slides lower from record high The price of oil keeps on sliding as US demand wanes and a hurricane in the Gulf of Mexico takes a favourable course. |
| Indian stocks up after key vote Indian stocks rise more than 5% after the government wins a vote of confidence that could enable key reforms. |
| US mortgage rates increase again The cost of taking out a mortgage in the US rises again following fears over two key lenders, consumer figures indicate. |
| EU suspends funding for Bulgaria The European Commission suspends aid to Bulgaria worth hundreds of millions of euros amid concern about organised crime. |
| Overseas sales boost McDonald's Fast-food group McDonald's reports higher-than-expected quarterly profits, helped by solid overseas sales |
| Vodafone in surprise share move Vodafone will buy £1bn of its own shares after a disappointing trading update saw its stock fall 14% on Tuesday. |
| Top US lender suffers $3bn loss Leading US mortgage lender Washington Mutual sees a $3.3bn quarterly loss following a rise in loan defaults. |
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