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Business News

Government sells off Bradford and Bingley loans

Britain has sold a portfolio of mortgages issued by failed lender Bradford & Bingley for 11.8 billion pounds to insurer Prudential and buyout firm Blackstone.

Business

British house prices fall for the first time since 2015

​British house prices have fallen for the first time since mid-2015, according to the mortgage lender Nationwide.

Business

Money markets around the world braced for Brexit letter

​European shares have edged higher as Britain prepares to formally trigger divorce proceedings with the European Union it joined in 1973.

Business

New Samsung smartphone to be shown off

​After the recall of its fire-prone Note 7 smartphone, Samsung is preparing to show off its new flagship model with a song and dance

Business

Tesco to pay £129m to settle false account charges

Tesco has agreed to pay a 129 million pound fine to settle an investigation by prosecutors over a 2014 profit overstatement.

Business

New one pound coin enters circulation in the UK

The new 12-sided £1 coin enters circulation - marking the first introduction of a new £1 coin since 1983. The old one will be phased out in October.

Business

Manufacturers predict "painful" Brexit

EEF, the manufacturers' organisation, suggests no access to the single market and the customs union would expose the sector to 'a painful and costly Brexit'.

Business

First-time buyers relying on "Bank of Mum and Dad"

The proportion of first time buyers relying on either inherited money or loans from 'the bank of mum and dad' is at a record high.

Business

Shard owners to continue to invest in UK

There will still be opportunities for the Qatar Investment Authority, the Gulf Arab state's acquisitive sovereign wealth fund, to invest in Britain after Brexit.

Business

Supermarkets reduce petrol prices

Tesco, Morrisons, Sainsburys and Asda have reduced the price of petrol and diesel by two pence per litre.

Business

Britain's poorest being excluded from banking - report

A report says poorer people in Britain are being excluded from the financial system and forced to rely on high-cost sources of credit such as payday loans.

Business

UK mothers receiving poor maternity pay

UK mothers receive one of the shortest lengths of decently-paid maternity leave in Europe.

Business

​Iconic London black cab goes green

The London Taxi Company, maker of the iconic London cab, has opened a new plant that will make electric taxis.

Business

Apple reveals its latest - and cheapest iPad tablet

​Apple's revealed an updated version of its iPad tablet with a brighter screen and its lowest ever cost with orders from Friday.

Business

Google to revamp policies after UK ad scandal

Google have vowed to police its websites better after several companies deserted the internet giant for failing to keep their adverts off hate-filled videos.

Business

Builder Bellway to raise dividend as half-year profits rise

British housebuilder Bellway said on Tuesday it would raise its dividend after posting a nearly 10% rise in half-year pre-tax profits.

Business

Best-paid former BHS executives gain most from pension deal

Philip Green's deal with the regulator to plug a hole in the pension schemes of BHS will see a small number of the highest-paid former managers benefit the most.

Business

Google apologises over YouTube adverts

Google has apologised for allowing ads to appear alongside offensive videos on YouTube.

Business

Uber president Jeff Jones quits

Uber has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help soften its often abrasive image.

Business

Asking prices for UK homes show solid gain in Feb-March

Asking prices for homes in England and Wales are showing above-average increases as a shortage of properties for sale outweighed any nervousness about Brexit.

Business

Motorists facing tax increase for low emissions cars

The RAC says the vast majority of drivers buying new cars from April 1st will end up paying significantly more in car tax.

Business