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Financial News

BBC News | Business | UK Edition
'No giveaway Budget' says Darling

Chancellor Alistair Darling warns people not to expect a "giveaway" when he unveils his Budget later this month.
HSBC admits huge Swiss data theft
About 24,000 clients of HSBC's private banking operation in Switzerland had personal details stolen, the bank admits.
John Lewis staff get £151m bonus
Department store group John Lewis reports a 9.7% rise in annual profits to £306.6m as staff share a bumper bonus.
'No decision yet' on BA strikes
The union representing BA cabin crew says there will be no immediate announcement about strike dates.
Obama urges China action on yuan
Barack Obama urges China to change its currency strategy, a move that would effectively raise the value of the yuan and benefit US exporters.
Rail union workers vote to strike
Network Rail maintenance workers vote in favour of strikes, bringing about the possibility of action over Easter.
Scottish Power to cut gas bills
The energy company Scottish Power says its gas prices will fall by around £66 a year and vulnerable customers will get extra help.
Red Knights get advisers for bid
The Red Knights group eyeing a possible bid for Manchester United says investment bank Nomura will advise it.
HMRC ready to back Pompey set-up
The validity of Portsmouth's administration will not be challenged by HM Revenue & Customs, the BBC learns.
Not so Slim pickings: Mexican shakes up world rich list
Mexican Carlos Slim Huan overtakes Bill Gates as the world's richest man, according to the Forbes 'rich list'.
Record judgement: Pink Floyd win EMI court battle
Pink Floyd tracks may be removed from digital music services like iTunes after a High Court ruling.
Robert Peston
Man Utd: The takeover maths in detail
Independent day
The Independent could be free under a new owner
High flyer
The extra ordinary life of the man from the Pru
Booting up Brazil
Brazil exploits potential as web use spreads
Bright ideas
Why intellectual property is not a luxury
Wind power?
Can you fit a wind turbine in a housing estate?
US trade deficit in surprise fall
The US trade deficit narrowed unexpectedly in January as fewer foreign cars and less crude oil were imported.
Free financial advice launched
A free national financial advice service is being launched by the government.
Claims firm solicitors shut down
A firm of solicitors which worked for a leading claims management company has been shut down by the solicitors' regulator.
World airline sector 'recovering'
The global airline industry will recover strongly this year, as passenger and freight numbers improve, its trade body says.
VW and BMW report lower profits
German carmakers Volkswagen and BMW report falling profits after the global downturn hit demand for cars.
BP to explore for oil in Brazil
Oil giant BP announces a $7bn (£4.7bn) deal that will allow it to begin exploring for oil off the coast of Brazil.
Profits halve for Scotsman owners
Johnston Press, the owners of the Scotsman and Yorkshire Post, sees full year pre-tax profits fall by 56% to £43m.
Morrisons profit up on new stores
The UK's fourth biggest supermarket group, Morrisons, reports a 30% rise in annual profits after it opens more stores.
Winter insurance claims hit £650m
Insurers paid out £650m from 335,000 claims made as a result of damage caused by the wintry weather in the UK.
China inflation at 16-month high
Chinese inflation hit a 16-month high in February, leading to calls for the government to take measures to cool the economy.
FTSE reshuffle promotes Investec
Banking group Investec is to join the FTSE 100 following the latest reshuffle of the UK stock market indexes.
Warning on packaged bank accounts
Bank accounts which charge fees for extra benefits may be being mis-sold, the Financial Services Authority has warned.
Banking fraud 'moves to internet'
Fraudsters are continuing their switch from traditional card fraud to raiding online bank accounts, research suggests.
Payment protection rules delayed
The Financial Services Authority is delaying its plans to combat the mis-selling of payment protection insurance.
Japan's economic growth rate cut
Japan's economy grew by less than first estimated in the final quarter of 2009, revised government figures show.
High-speed rail plans announced
Plans for a new high-speed rail line between London and Birmingham are announced by Transport Secretary Lord Adonis.
Greeks stage fresh general strike
Greek public and transport services grind to a halt and clashes break out during a third strike over austerity measures.
Daihatsu recalling cars in Japan
Carmaker Daihatsu, a subsidiary of Toyota, is recalling 274,551 vehicles in Japan because of a number of possible defects.
Man Utd in Malaysia sponsor deal
Manchester United signs a five-year sponsorship deal with communications group Telekom Malaysia.
Pompey axe 85 jobs to cut costs
Administrators at Portsmouth FC start to make employees redundant, with 85 people losing their jobs.
Toyota rejects electronics fears
Toyota rejects claims that faulty electronics could be behind its worldwide recall of more than eight million cars.
Car sales see continued recovery
UK car sales in February were up by 26.4% compared with the same month last year, industry figures show.
Doubts over 2012 Olympics legacy
A Welsh MP echoes concerns of a former UK sports minister on the benefits of the London Olympics to the rest of the country.
China denies World Cup sweatshop
A Shanghai company denies it used sweatshop labour to produce World Cup mascots, as Fifa suspends its contract.
Guidelines for financial journalists
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