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News Headlines
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UK Business News Headlines |
Tesco sales surge above forecasts (BBC)
The UK's biggest supermarket group reports another jump in sales, but farmers stage a protest at its annual meeting.
Watchdog hails 118 improvements (BBC)
The new 118 directory enquiries services are a success for customers, according to a watchdog report, but some question the findings.
Halliburton cuts off KBR ex-boss (BBC)
Halliburton cuts ties with the ex-chair of its KBR unit saying Jack Stanley sought 'improper personal benefits' in Nigeria.
Glaxo releases drug trials on web (BBC)
The UK drugs giant - which is accused of withholding harmful information about Seroxat tablets - is to release its clinical trials online.
Protest to highlight pension pain (BBC)
Hundreds of workers, pensioners and trade unionists are expected in London on Saturday to protest over pensions.
Slowdown in UK mortgage lending (BBC)
Mortgage lending in the UK falls in May, according to two surveys, but experts warn against concluding that the housing market is cooling.
Siemens staff balk at longer week (BBC)
Staff at the engineering firm walk out after being told: work longer or see your jobs move abroad.
US slaps tariffs on Chinese beds (BBC)
The US puts new customs duties of up to 198% on wooden bedroom furniture from China, launching another trade row.
Changing banks 'still a rarity' (BBC)
Current account holders on average take 91 years to switch banks, a report from the Bank of England finds.
GM merges European units (BBC)
General Motors sets up a single European management, scrapping separate teams at Adam Opel, Vauxhall and Saab.
Pension credit 'costs too much' (BBC)
The government's pension credit scheme costs more to administer than it delivers for 60,000 people, Lib Dems say.
Many loan adverts 'flouting law' (BBC)
Up to half of newspaper adverts for loans and credit cards break the law, research from the UK's trading watchdog suggests.
Millions 'regret policy purchase' (BBC)
Millions of consumers regret buying financial policies such as endowments or personal pensions, according to a survey.
EU 'set to back big music merger' (BBC)
A controversial tie-up between Sony Music and BMG has won the support of the EU's top competition official, it is reported.
Bankrupt United refused key loan (BBC)
The ailing US airline has its request for state help turned down once again as it tries to emerge from bankruptcy.
HSBC bank slashes 3,500 UK jobs (BBC)
The UK bank, which made a record profit of almost £7bn last year, is cutting up to 3,500 head office jobs in order to save money.
New blow for Yukos over tax trial (BBC)
A Moscow court rules a trial to decide whether oil giant Yukos should pay billions of roubles in back taxes will not be delayed.
US passes tax bill to calm EU row (BBC)
The House of Representatives passes a corporate tax bill aimed at patching up a trade dispute with the EU.
Greenspan gets fifth US Fed term (BBC)
The US Senate unanimously confirms Alan Greenspan as chairman of the Federal Reserve for a fifth term.
Japan tech guru predicts slump (BBC)
Japan's top-rated technology analyst says waning demand for computers will trigger a fresh slump in tech stocks next year.
Elderly are 'jumping through hoops for £10 credit' (Telegraph)
More than half of the three million people receiving the Government's pension credit get less than £10 per week in extra income.
BAT agrees to quit the hip-hop bandwagon (Telegraph)
British American Tobacco has been ordered by a US judge to recall 20,000 packs of cigarettes and curtail an advertising campaign said to use hip-hop culture to entice children.
British watchdogs sacked by Dubai 'over their advice' (Telegraph)
The two Britons drafted in to set up a financial regulator as part of Dubai's attempt to create an international centre in the Persian Gulf have been fired.
Higher bills drive users away from directory inquiry calls (Telegraph)
Consumer confusion over the deregulated directory inquiries market has deepened.
FSA official forced to quit for talking about Plumber case (Telegraph)
The City watchdog's top disciplinary official has been forced to quit after it emerged he had discussed an appeal against a fine levied over controversial spread bets with a member of the independent appeals tribunal.
Queens Moat directors 'corrupted by cleverness' (Telegraph)
Four former directors of Queens Moat Houses brought the hotelier to its knees using "the most extreme devices to fabricate profit", the Department of Trade and Industry has said in its long-awaited report.
City comment (Telegraph)
Look here, upon this picture, and on this. The scowling one is Gordon Brown, perpetual Chancellor of the Exchequer. The genial one is John Snow, retired railwayman and Secretary of the United States Treasury.
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