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BBC Business News

 

BBC News - Business

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

Labour makes £8 minimum wage pledge
The minimum wage would rise to £8 per hour by the end of the next parliament if Labour wins the general election, leader Ed Miliband promises.

Alibaba shares surge on NY debut
Alibaba's shares closed significantly above their initial price on the New York Stock Exchange on Friday, a sign of the excitement surrounding the Chinese internet giant.

Vodafone saves Phones 4U store jobs
Restructuring at the Phones 4U head office is resulting in 628 redundancies, but 887 jobs in stores will be preserved.

Shares rise in London on 'No' vote
Shares rise in London after Scotland rejects independence, as a rally in the pound fades.

Prada profit hit by fall in sales
The Italian fashion house Prada reports a 20% fall in profit, hit by the strength of the euro and a fall in leather good sales.

GSK fined $490m by China for bribery
China fines UK pharmaceuticals firm GlaxoSmithKline $490m (£297m) for bribery and its former head of Chinese operations is given a suspended jail sentence.

Scottish 'No' vote 'relief' for firms
Businesses speak of 'relief' over Scotland's rejection of independence, and banks say they will no longer be shifting operations out of Scotland.

South Sudan dismays investors
South Sudan's decision to order foreign workers to leave, reversed a day later, has rattled investors and neighbours.

WPP moves into Mongolia
A subsidiary of global advertising giant WPP has acquired a majority stake in a Mongolian ad agency.

Oracle boss Larry Ellison steps down
Multi-billionaire Oracle boss Larry Ellison steps aside to focus on product engineering, as Mark Hurd and Safra Catz are named as co-chief executives.

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