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BBC Business News

 

BBC News - Business

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

Legal costs hit Deutsche Bank profit
Deutsche Bank reports a sharp fall in profits after setting aside €1.5bn to cover legal costs, days after being fined €2.3bn for rate rigging.

Profit warnings rise on low oil price
Profit warnings from UK-listed companies rose in the first three months of the year despite the improved economic outlook, a report says.

VW chairman resigns in power struggle
Ferdinand Piech, the chairman of VW, Europe's biggest carmaker, resigns after a power struggle with his chief executive.

Ghana told to stop new oil drilling
Ghana is told by an international tribunal not to begin any new offshore drilling for oil in disputed waters with the Ivory Coast.

Music boss tops Britain's rich list
Warner Music owner Len Blavatnik is Britain's richest man with a £13.17bn fortune, but the Queen has dropped out of the top 300 for the first time, according to the Sunday Times.

'Inconsistency' in air duty refunds
Parents due partial refunds on their children's air tickets face a variety of ways to claim the money.

Miliband plans 'to curb rip-off rent'
Rent increases would be capped at inflation under Labour plans to stop tenants being "ripped off", Ed Miliband says.

Nasdaq and S&P 500 at record highs
The Nasdaq and S&P 500 close at new record highs after US tech firms report strong first quarter profits.

'Up to 40% facing mortgage trap'
Around 40% of homeowners with mortgages could struggle to move because they would not qualify for a new loan under tough new rules

HSBC considers moving HQ out of UK
HSBC says it is considering whether to move its headquarters out of the UK, following "regulatory and structural reforms" in the banking industry.

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