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BBC News - Business - UK Edition 

UK 'needs action' on driverless cars

The government needs to work out how driverless cars will be introduced onto UK roads, an influential group of MPs has said.

Chinese firm buys 5% of Thomas Cook

Chinese conglomerate Fosun, which owns Club Med, buys a 5% stake in UK travel group of Thomas Cook.

Banker lost job 'after risk fears'

A banker who claims he lost his job after raising concerns about his employer will have his case heard at a full employment tribunal hearing after losing a preliminary hearing.

US banks pass first 'stress test'

All 31 US banks have passed the first hurdle in the Federal Reserve's latest round of annual "stress tests" to see how they would cope in the next economic crisis.

Rangers shareholders gather for EGM

Rangers' extraordinary general meeting at Ibrox on Friday is expected to be swift, but with far-reaching consequences for the club.

Asia shares up ahead of US jobs data

Most Asian markets were higher on Friday as investors wait for the key monthly US jobs report.

Fraud office probes Bank auctions

The Serious Fraud Office is investigating liquidity auctions held by the Bank of England during the financial crisis, the Bank says.

UK rates mark six years at 0.5%

UK interest rates are kept unchanged again by the Bank of England, meaning they have now been at their record low of 0.5% for six years.

ECB raises eurozone growth forecast

The European Central Bank raises this year's growth forecast for the eurozone to 1.5%, and says it will begin its quantitative easing programme next week.

China sets 2015 growth target at 7%

China, the world's second-largest economy, has set its growth target at about 7% for this year, the government said.

UK house prices dip 0.3% in February

UK house prices fell 0.3% in February leaving the average house price at £192,372, according to the Halifax.

Brazil raises rates to six-year high

Brazil's central bank lifts interest rates to a six-year high of 12.75% in an attempt to restrain inflation.

Virgin Money profits more than double

Virgin Money, the financial services provider which floated on the stock market in November, reports "record performance and profits" for 2014.

McDonald's in antibiotic chicken move

The world's biggest restaurant chain, McDonald's, is to phase out the use of chicken injected with antibiotics important to human medicine.

AbbVie in $21bn drug firm takeover

US drugmaker AbbVie says it will buy cancer drug specialist Pharmacyclics for $21bn.

Hotel chain confirms hack attack

Hotel chain Mandarin Oriental has confirmed that credit card data has been stolen in a hack attack on the company's network.

Secondary ticket sites agree changes

Four secondary ticket-selling websites have agreed to be more transparent, following pressure from the Competition and Markets Authority (CMA).

'Spocking' not illegal, Canada says

The Bank of Canada announces that tribute pictures of Leonard Nimoy's Spock on bank notes is not against the law.

Singapore 'world's priciest city'

For the second year running, Singapore tops the list as the world's most expensive city to live in, says the Economist Intelligence Unit.

Fuel rebate for 17 areas approved

The European Union approves the rollout of rural fuel rebates to 17 areas in Scotland and England.

Reports of fake law firms double

Reports of fake law firms have increased by 101% in the last two years, according to figures from the Solicitors Regulation Authority.

Scottish Power hit with sales ban

Energy supplier Scottish Power accepts a 12-day sales ban after failing to meet Ofgem's customer service targets, the watchdog says.

Retail sales boost for eurozone

Eurozone retail sales rose for a fourth consecutive month in January, official figures show, indicating the zone's economy may be picking up.

Sellafield clean-up costs now £53bn

The cost of cleaning up the Sellafield nuclear site in Cumbria has increased by £5bn to £53bn, says the National Audit Office.

India surprises with second rate cut

The Reserve Bank of India cuts its key interest rate, in a surprise move for the second time this year.

The art-loving property developer

How Argentine investor, property developer and art collector, Eduardo Costantini, built up his business and made a fortune.

Argentina's love affair with polo

Polo is one of the most popular sports in Argentina, yet unlike football or rugby most of the businesses that keep the game going are small homegrown companies.

The reality of becoming your own boss

Becoming your own boss is many people's dream, but what's it really like to start a business from scratch?

Jockey Club plans record prize money

The Jockey Club says it will increase its contribution towards prize money at its 15 racecourses to a record £19.9m in 2015

Durban eyes Olympic prize after Commonwealth

The South African city of Durban is all set to host the 2022 Commonwealth Games - and it is already aiming for the Olympics.


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