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BBC News - Business - UK Edition 

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.

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.

New home registrations at 2007 level

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

US airbag recall expands to 7.8m cars

US car safety regulators expand a recall of vehicles with potentially dangerous Takata airbags to 7.8 million, warning that owners should take 'immediate action'.

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.

Boeing raises annual profit forecast

Aerospace giant Boeing has raised its forecast for profits this year and says it has a record backlog of orders.

Asian shares down following US lead

Shares in Asia on Wednesday slide into negative territory, following Wall Street's lead after fatal shooting in Canada worries investors.

Homebase accelerates store closures

Home Retail Group says that store closures at Homebase will be accelerated, with the number of outlets cut by 25% by 2019.

Total names new heads after boss dies

Oil giant Total appoints a new chief executive and new chairman to replace Christophe de Margerie who died in a plane crash in Moscow on Monday.

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.

Microsoft to phase out Nokia name

Microsoft is ditching the Nokia brand name from new devices, less than a year after acquiring the Finnish mobile firm.

South Africa growth forecast slashed

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

Glaxo shares up as profits beat hopes

GlaxoSmithKline's shares rose 4% after its third quarter results beat expectations and it pledged to return an additional £4bn to shareholders via a special share scheme.

Superdry founder gives up CEO role

The founder of Superdry, Julian Dunkerton, gives up his role as CEO to focus on developing the brand's products and image.

Wind farms outstrip nuclear power

The UK's wind farms generated more power than its nuclear power stations on Tuesday, the National Grid says.

Car insurance premiums 'creeping up'

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

'Buy Russian' campaign defies food embargo

Russians put a brave face on the ban on Western food, but some businesses are suffering, Sarah Rainsford reports from Moscow.

Is the oil crash a secret US war on Russia?

A New York Times columnist argues the US and Saudi Arabia are using lower oil prices to advance their foreign policy goals.

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.

Cut in winter heating guidance

Families could reduce energy bills by following new guidance from Public Health England on recommended heating levels.

Online banking glitch at Nationwide

The UK's largest building society - the Nationwide - had a temporary technical problem with its online and mobile banking service on Tuesday afternoon.

Japan's exports jump in September

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

Cities need more power, says study

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 concludes.

Public borrowing rises in September

Government borrowing rises in September to £11.8bn, which will limit the government's options in the run-up to next year's election economists say.

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.


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