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BBC Business News

 

BBC News - Business

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

US airbag recall expands to 7.8m cars
US car safety regulators expand a recall of vehicles with potentially dangerous Takata airbags to 7.8 million, warning that owners should take 'immediate action'.

Pound falls on Bank meeting minutes
The pound falls after Bank of England policy makers find "insufficient evidence" of inflationary pressure to justify a rate rise.

Boeing raises annual profit forecast
Aerospace giant Boeing has raised its forecast for profits this year and says it has a record backlog of orders.

Homebase accelerates store closures
Home Retail Group says that store closures at Homebase will be accelerated, with the number of outlets cut by 25% by 2019.

Total names new heads after boss dies
Oil giant Total appoints a new chief executive and new chairman to replace Christophe de Margerie who died in a plane crash in Moscow on Monday.

Worries for those denied payday loans
The fate of people turned down for payday loans owing to stricter regulations on the industry has prompted polarised debate.

Microsoft to phase out Nokia name
Microsoft is ditching the Nokia brand name from new devices, less than a year after acquiring the Finnish mobile firm.

South Africa growth forecast slashed
South Africa's new finance minister cuts the country's economic growth forecast from 2.7% to 1.4%.

Glaxo shares up as profits beat hopes
GlaxoSmithKline's shares rose 4% after its third quarter results beat expectations and it pledged to return an additional £4bn to shareholders via a special share scheme.

Superdry founder gives up CEO role
The founder of Superdry, Julian Dunkerton, gives up his role as CEO to focus on developing the brand's products and image.

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