BBC Bussiness news

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The latest stories from the Business section of the BBC News web site.
Updated: 4 hours 57 min ago

Revenue blunders over tax credits

Thu, 05/27/2010 - 20:23
Financial details of up to 50,000 people who claim tax credit are mistakenly sent out in the post by HM Revenue & Customs.

Uefa threatens spendthrift clubs

Thu, 05/27/2010 - 20:06
European football's governing body Uefa approves plans to force clubs to live within their means.

BP 'slows leaking Gulf oil well'

Thu, 05/27/2010 - 18:35
BP slows oil leaking from a ruptured well, as US government estimates show the spill could be much worse than thought.

Qinetiq plans to cut costs by 10%

Thu, 05/27/2010 - 18:31
Defence firm Qinetiq says it plans to cut operating costs by 10% after reporting a slump in profits.

Banks' customer rules to change

Thu, 05/27/2010 - 17:00
Limits are being set on counter withdrawals and internet transfers at two major UK banks in the coming months.

Pain from gain

Thu, 05/27/2010 - 15:13
As politicians mull capital gains tax, how does it work?

Apple now bigger than Microsoft

Thu, 05/27/2010 - 15:08
The latest share price changes have pushed the total value of Apple past its rival Microsoft for the first time since 1989.

Welfare reform plans revealed

Thu, 05/27/2010 - 14:35
The work and pensions secretary lays out welfare system reforms after saying too many people are "parked" on benefits.

US economy growth revised down

Thu, 05/27/2010 - 14:27
The US economy grew less than initially estimated in the first three months of 2010, revised figures show.

Asda to take over UK Netto stores

Thu, 05/27/2010 - 13:25
Supermarket giant Asda announces plans to buy the UK stores of Danish discount retailer Netto for £778m.

UK retail sales 'fall during May'

Thu, 05/27/2010 - 13:04
UK High Street sales fell to a 14-month low in May, according to a survey by the CBI business group.

BA talks adjourned until Friday

Thu, 05/27/2010 - 12:16
British Airways and the Unite union have put their latest talks on hold until Friday as the cabin crew strike enters its fourth day.

Spain approves cuts in tight vote

Thu, 05/27/2010 - 12:06
Spain's parliament approves by just one vote a 15bn-euro austerity package to rein in the country's budget deficit.

Strike hits Honda's China plants

Thu, 05/27/2010 - 12:06
Honda has to halt production at its four Chinese car assembly factories, due to a strike over pay at a parts plants.

Visa barriers

Thu, 05/27/2010 - 11:33
Is it easy to do business with the EU in Russia?

Collapsed airline's debt revealed

Thu, 05/27/2010 - 11:01
Collapsed airline Highland Airways' debts run to more than £3.2m, documents prepared by its administrators have shown.

OK for £6m Cardiff investment

Thu, 05/27/2010 - 10:55
Cardiff City shareholders rubber-stamp the £6m Malaysian investment to stabilise the club.

Oil well plug 'going as planned'

Thu, 05/27/2010 - 10:50
BP says a bid to plug its leaking oil well in the Gulf of Mexico is going to plan, but it is too early to know if it will work.

Weir Group in nuclear deal

Thu, 05/27/2010 - 10:38
Weir Group joins forces with Mitsubishi Heavy Industries to carry out work for new nuclear power stations.

Ash hits airline traffic numbers

Thu, 05/27/2010 - 10:23
International airline traffic fell by 2.4% in April as cancellations caused by the volcanic ash cloud from Iceland led to fewer flights.