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BBC (U.K.) 

Argentina defaults for second time

Argentina has defaulted on its debt - for the second time in 13 years - after last-minute talks in New York with a group of bond-holders end in failure.

Warm weather hits British Gas profit

British Gas and owner Centrica report a sharp drop in profits for the first half of the year due to warmer weather.

Lloyds profits hit by PPI charges

Profit at Lloyds Banking Group falls after it is hit by PPI mis-selling charges and a Libor rate-rigging settlement.

House price growth moderates in July

The growth in house prices is starting to moderate, according to the UK's biggest building society, the Nationwide.

Glazers in £88.7m Man Utd share sale

Manchester United's US owners will pocket about $150 million by selling more of their shares in the club on the New York Stock Exchange.

Shell sees 'robust' profits rise

Oil giant Royal Dutch Shell describes its performance as "robust" after its second-quarter profits more than doubled.

London Market Report

The FTSE 100 gets off to a strong start in early Thursday trading, boosted by a strong crop of results from blue-chip companies.

Sony's profits jump on sales of PS4

Sony reports better-than-expected profits for the first quarter, helped by robust sales of its PS4 gaming console and a weak Japanese currency.

Portuguese bank in 3.6bn euros loss

Portugal's troubled lender, Banco Espirito Santo, reports a bigger-than-expected loss of 3.6bn euros for the first six months of the year.

Samsung profit hit by phone slowdown

Profits at Samsung Electronics fall 20% in the second quarter, hurt mainly by a slowdown in smartphone sales and a strong Korean currency.

India's Tata set to invest $35bn

Tata, India's biggest business group, is set to invest $35bn over the next three years in areas including retail and defence.

US economic growth surges by 4%

The US economy grew by 4% in the second quarter, according to a preliminary reading by the US Department of Commerce, beating expectations.

Energy firms to 'double' margins

The big six energy firms are set to double their profit margins over the next year, according to estimates by the regulator, Ofgem.

New banker rules 'could hurt London'

Bank of England plans to penalise badly-performing bankers could put London at a disadvantage as a financial centre, says banking industry body BBA.

Bank of America in 'hustle' case

Bank of America's Countrywide unit must pay $1.3bn for selling defective home loans to US government mortgage lenders, a New York judge rules.

Airbus says plane market 'strong'

Airbus says the market for commercial aircraft is "still very strong" despite a wave of order cancellations.

Nintendo posts loss despite Mario

Nintendo's share price drops after the company reports a bigger than expected loss despite the release of Mario Kart 8 over the period.

Bank backtracks on burlesque ban

A circus group which was denied a Santander business bank account because its showgirl and burlesque acts posed a "moral problem" has now been offered the account.

Apology over Turtles '9/11 poster'

Paramount Pictures apologises over a Teenage Mutant Ninja Turtles poster featuring the characters jumping from an exploding skyscraper alongside the release date of 11 September.

HSBC closes some Muslims' accounts

HSBC bank writes to Finsbury Park Mosque and other Muslim organisations around the UK giving them notice their accounts will be closed.

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.

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.

Fastest growth in Spain since 2007

Spain's economy is growing at its fastest quarterly rate since the end of 2007, but it is also facing a deflation threat.

Bankers should 'swear ethics oath'

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

Japan output falls most since 2011

Japan's factory output falls 3.3% from May to June, the latest sign to highlight that the recent sales tax rise is affecting consumer demand.

The 'mistake' behind a top handbag firm

Baggit is one of India's most well-known handbag brands. Founder Nina Lekhi explains how it was created "by mistake".

The bakery in the middle of a desert

Why two Spanish sisters are growing wheat and baking bread in one of the most arid regions of Spain.

Business gurus answer your questions

Three business investors answer our readers' questions about how they judge whether or not to invest in a business venture.

World Cup ads boost ITV profits

The World Cup and a revival in advertising revenues boost profits at the broadcaster ITV.

Ecclestone 'to settle' bribery case

Lawyers for Bernie Ecclestone say the Formula 1 boss is ready to pay a German bank 25 million euros ($34m; £20m) to settle a court case against him.


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