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BBC News - Business - UK Edition 

Labour to cut ties with Co-op Bank

The Labour Party is looking to sever its links with the troubled Co-op Bank, bringing to an end one of the oldest political partnerships in the UK.

Facebook earnings surge on mobile ads

Social networking giant Facebook reports better than expected profits, as a surge in mobile advertising helps boost its revenues.

Apple profits beat expectations

Technology giant Apple plans a share buyback after it reports profits of $10.2bn, selling a more than 43 million iPhones in the second quarter of 2014.

Governments clash over pension costs

The Scottish government disputes UK government claims about future pension costs in an independent Scotland.

AstraZeneca hit by patent expiries

AstraZeneca posts a drop in first quarter profits but does not comment on reports that it received a takeover approach from US firm Pfizer.

Tories would end wind farm subsidies

The Conservatives say they will not subsidise new onshore wind farms if they win the 2015 general election.

South Korea growth beats forecasts

South Korea's economy grows more than forecast in the first quarter, helped by a jump in construction and exports.

Qualcomm shares dip on weak outlook

Shares in Qualcomm, one of the world's biggest mobile phone chipmakers, fall 5% in after-hours trading as it issues a weaker than expected growth outlook.

Game-maker Zynga in widening loss

Troubled online game-maker Zynga reports a loss of $61m, as founder Mark Pincus steps down as chief product officer.

UK government hits borrowing target

The UK government borrowed £107.7bn in the financial year to April 2014, lower than the amount it borrowed the previous year.

Amazon and HBO sign streaming deal

US customers of streaming service Amazon Prime will be able to stream such TV shows as The Sopranos and The Wire thanks to a new deal with subscription channel HBO.

Portuguese bond yield falls to 3.58%

Portugal's chances of exiting its three-year bailout rose after yields on its 10-year government debt fell sharply to an eight-year low of 3.58% at a bond auction.

Bank raises UK growth forecast

The Bank of England raises its estimate of economic growth in the first quarter of the year and a CBI survey indicates robust growth in the manufacturing sector.

Primark to open its first US stores

Clothing retailer Primark is to open its first US stores, beginning with a 70,000 sq-ft shop in Boston.

EU in slow progress on deficit cuts

EU member countries have cut new government borrowing, but total debt continues to rise, European Commission figures show.

FA hit by drop in broadcast money

The Football Association was hit by a £34m drop in broadcasting rights income last season compared with 2011-12.

Renewable energy projects approved

Eight renewable energy projects, expected to support 8,500 jobs, are given the green light by the government.

Property sales continue to pick up

UK property sales were 19% higher in March than the same month a year ago as buyers continued to return to the market, figures show.

Monster Inc: Nessie advice for firms

Businesses in the Highlands have been offered free advice on how they can cash in on the Loch Ness Monster myth.

Small print 'longer than a novel'

Small print on some car insurance policies has a higher word count than George Orwell's novel Animal Farm, a consumer website has found.

Tuition-fee change savings 'unclear'

A study says the public cost of higher university fees and loans is "highly uncertain" and depends on how much future graduates will earn.

Danger of London's 'hidden homes'

Thousands of people in London are living in hidden homes - often in disturbing conditions - because they cannot afford to live elsewhere.

Energy switching numbers 'still low'

Nearly two-thirds of people have never switched energy supplier - a process that could save them £200, says the energy regulator, Ofgem.

Australia to buy 58 new F-35 jets

Australia approves the purchase of 58 new F-35 fighter jets worth 12.4bn Australian dollars ($11.5bn; £6.8bn).

Three Scots universities leave CBI

Three Scottish universities become the latest organisations to quit the CBI over its stance in the Scottish independence referendum debate.

Bolivia raises minimum wage by 20%

After talks with the trade unions, Bolivia's President, Evo Morales agrees to raise the minimum wage of private and public sector workers by 20%.

Making work more than just a job

Most companies have value statements, but what can chief executives do to ensure they add meaning and are more than rhetoric?

The man who helps Somali firms grow

The BBC's Jane O'Brien profiles US-Somali investor Mohamed Ali, who returns to his African homeland to help businesses to grow and prosper.

Entrepreneurs' highs and lows

Some of the UK's most successful entrepreneurs talk to the BBC about how to succeed - and share some of their biggest mistakes.

R&A chief executive Dawson to retire

Peter Dawson is to step down as chief executive of the R&A, golf's governing body, in September 2015.


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