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BBC Business News

 

BBC News - Business

The latest stories from the Business section of the BBC News web site.

RBS 'wanted critic's mortgage back'
A businessman who wrote a government report that criticised RBS has been told he can no longer remain a customer of the bank, Panorama learns.

BT in talks to buy O2 from Telefonica
Telecoms giant BT is in talks with Telefonica about buying the O2 mobile network in the UK from the Spanish firm.

Slow economic growth 'prolonged'
Many of the world's major economies face a prolonged period of slow growth, the Bank of England's chief economist, Andy Haldane, tells the BBC.

Over 40s 'frozen out' of home loans
Home buyers over the age of 40 are increasingly being "frozen out" of getting mortgages, the industry warns.

Falling oil price costs Russia $100bn
The falling oil price is costing Russia up to $100bn a year, while Western sanctions have hit the country by a further $40bn, its finance minister says.

HS2 trains 'will stop at Euston'
The boss of the high-speed train project insists services will operate from Euston after meeting minutes prompted fears the terminus could be at a minor station.

Young and workers at risk of poverty
The elderly and the unemployed used to be most at risk of poverty, but a new report claims it is now the young and those in work who are most vulnerable.

FTSE lower as Petrofac shares dive
Shares in Petrofac lead the FTSE 100 lower after the oil and gas services firm issues a profits warning.

Aviva shares hit by merger talks
Aviva's shares fall following Friday's announcement that it is in talks about a possible £5.6bn merger with smaller rival Friends Life.

Homebase confirms store cuts
Home Retail Group has sold its Battersea Homebase store in South London, becoming the latest retailer to downsize in response to the growth of online sales.

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