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BBC News - Business - UK Edition 

Tesco boss to quit over profits error

Tesco chairman Sir Richard Broadbent will leave the firm after the company announced a bigger-than-forecast hole in its profits.

Lloyds expected to cut 9,000 jobs

Lloyds Banking Group is planning to cut around 9,000 jobs - around a tenth of its entire workforce - over the next three years, the BBC understands.

Japan court backs pregnant woman

Japan's Supreme Court backs a woman who unsuccessfully sued her employer following a demotion due to her pregnancy.

New North Sea oil field discovered

Oil firms BP and GDF Suez announce they have discovered a new field in the UK Central North Sea.

Nokia back in profit as sales rise

Nokia's fortunes since selling its mobile handset unit to Microsoft appear to be improving with the Finland business returning to profit.

UK retail sales fall in September

UK retail sales fall 0.3% September, adding to signs that the economic recovery may be losing steam.

Housing market in UK 'is cooling'

Mortgage activity dropped in September compared with a year ago signalling a UK housing market that is "continuing to cool", banks have said.

Lorry tax take bigger than expected

A new tax on foreign heavy goods lorries coming to the UK could rake in twice as much as the government expected, new figures suggest.

Tesco's woes drag down FTSE 100

London's benchmark FTSE 100 index falls 0.79% in Thursday morning trading, dragged down by a big fall in Tesco's share price.

Pension plan for regular job movers

Thousands of people who move jobs regularly will no longer be pushed into cashing in or moving their workplace pension, under government plans.

Debenhams profits tumble 24.8%

Annual profits at Debenhams have fallen 24.8%, reflecting the impact on sales of last year's warm winter weather.

UK car production hits six-year high

UK car manufacturing in the first nine months of the year hit a six-year high, despite a dip in production last month.

Foxtons shares fall on house warning

Shares in Foxtons plunge 15% after the estate agent warns that the London's property market is cooling.

KPMG and FSA criticised over Co-op

KPMG and financial regulators have been criticised in a report by MPs into Co-op Bank's failed bid to buy 632 Lloyds branches last year.

Air chiefs quit over Total boss death

The chief executive of Russia's Vnukovo airport and his deputy resign after a plane crash this week that killed the head of France's Total, Christophe de Margerie.

New home building at seven-year high

Builders are preparing to construct new UK homes at a rate not seen since the before the financial crisis, new figures show.

Worries for those denied payday loans

The fate of people turned down for payday loans owing to stricter regulations on the industry has prompted polarised debate.

Car insurance premiums 'creeping up'

UK car insurance premiums have risen for the first time in more than two years, with further rises predicted.

Universal credit 'in place by 2018'

Most benefit claimants will have transferred onto the government's universal credit scheme by the end of 2018, Work and Pensions Secretary Iain Duncan Smith predicts.

South Africa growth forecast slashed

South Africa's new finance minister cuts the country's economic growth forecast from 2.7% to 1.4%.

Japan's exports jump in September

Japan's trade deficit edges higher in September despite exports growing at their fastest pace in seven months.

Pound falls on Bank meeting minutes

The pound falls after Bank of England policy makers find "insufficient evidence" of inflationary pressure to justify a rate rise.

The king of discount voucher codes

How Mark Pearson, the boss of discount offers website My Voucher Codes, set up the business and became a self-made multi-millionaire.

The Chinese tycoon who loves animals

Huang Nubo, the founder of property and leisure giant Beijing Zhongkun Investment Group, explains his unique approach to business.

Boom times for Ethiopia's coffee shops

As Ethiopia's economy continues to expand, business is growing strongly for coffee shops in the capital Addis Ababa.

India suspend tours to West Indies

India suspend all future tours to the Caribbean following the West Indies' decision to abandon their tour of India last week.

Games helped city hotel rates rise

Glasgow hotels enjoyed a significant lift in room rates during July, helped by the Commonwealth Games.

Ticket prices outstrip cost of living

The BBC Price of Football study finds some ticket prices in English football rising at almost twice the rate of the cost of living.

VIDEO: Is Asian philanthropy on the rise?

As the ranks of Asia's wealthy have swelled, philanthropic giving has increased. Rico Hizon speaks to Christina Tung from UBS about the future of giving in Asia.

VIDEO: More powers 'would boost UK cities'

Allowing UK cities to make their own decisions on tax and spending could boost economic growth by £79bn a year by 2030, a year-long study has concluded.


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