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BBC Business News

 

BBC News - Business

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

BP warns of Russia sanctions risk
Oil giant BP reports a rise in second quarter profits to $3.2bn (£1.9bn), but warns that further economic sanctions against Russia could affect its business.

British Gas owner names new boss
British Gas owner Centrica announces the appointment of Iain Conn, currently BP's head of refining and marketing, as its new chief executive.

Gherkin skyscraper put up for sale
London's Gherkin skyscraper is put up for sale, with interest expected from Chinese, other Asian, and US buyers.

Personal insolvencies in sudden jump
There has been a sudden jump in the number of individuals becoming insolvent, in the steepest rise since 2010, according to government figures.

Aldi sales see 'record growth rate'
Discounters Aldi and Lidl are booming at the expense of Tesco and Morrisons, research firm Kantar Worldpanel says.

Car firms sued over CD 'rip' system
A group representing musicians in the US is suing Ford and General Motors over in-car CD players which allow tracks to be stored on a hard drive.

Mortgage approvals back on the rise
The number of people taking out mortgages is back on the rise, according to figures from the Bank of England.

Airbus cancels Skymark contract
Airbus cancels its contract with Japan's Skymark Airlines for the purchase of six A380 aircraft.

Microsoft in China anti-trust probe
An anti-monopoly investigation into US technology giant Microsoft is launched by Chinese authorities.

Bankers should 'swear ethics oath'
An oath for bankers should be introduced to raise accountability and standards in banking, says a think tank.

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