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BBC News - Business - UK Edition 

UK drops EU bankers' pay challenge

In a surprise move, the UK government has withdrawn its legal challenge to EU legislation that caps the level of bankers' bonuses.

Sotheby's chief executive steps down

The chief executive of renowned auction house Sotheby's, William Ruprecht, is stepping down after 14 years at the helm.

JJB Sports boss guilty of £1m fraud

The former chief executive of JJB Sports, Christopher Ronnie, is convicted of accepting more than £1m in backhanders from suppliers.

Japanese PM Abe dissolves parliament

Japan's PM Shinzo Abe dissolves parliament paving the way for a snap election in December, as local media polls show a low level of support.

Asia shares mixed on upbeat US data

Asian shares were trading mixed on upbeat economic data from the US that showed strength in the world's largest economy.

Wonga boss quits after five months

The acting chief executive of troubled payday lender Wonga - appointed to bring stability to the troubled firm - has stood down after just five months.

US Senate grills banks on commodities

Executives from three US banks are being questioned by senators over accusations the banks engaged in unfair trading practices relating to several commodities.

Google and Rockstar end patent suit

Google and patent consortium Rockstar - which includes Apple as an investor - agree to settle a patent litigation suit.

Commerzbank to charge big depositors

Germany's Commerzbank is to charge its biggest corporate clients for leaving 'substantial' deposits at the bank.

Energy giant unveils shale gas plan

Chemicals giant Ineos announces plans to invest up to £640m in shale gas exploration in the UK, in a bid to become the country's leading fracking firm.

Sony reportedly drops Steve Jobs film

Sony Pictures drops a film based on the life of Apple co-founder Steve Jobs, according to reports.

Crucial Network Rail data criticised

The company running Britain's track, signals and train stations may be using flaky figures to plan its maintenance work, says a regulator.

Apple to push Beats to all iPhones

Apple plans to push the Beats music streaming service to every iPhone in the new year, according to a report in the Financial Times newspaper.

RBS fined £56m over computer failure

Royal Bank of Scotland is fined £56m by regulators after a 2012 software issue left millions of customers unable to access their accounts.

UK retail sales rise 0.8% in October

UK retail sales rise 0.8% October compared with September, and is 4.3% up on October 2013, according to official figures.

Gatwick numbers boost runway plans

The busiest six months in Gatwick's history has boosted passenger numbers - and it says, its chances of getting London's new runway.

Warm weather hits Centrica profits

British Gas owner Centrica has reduced its earnings forecast, as milder winter weather cut into its revenues.

'Poorest of poor' test talking tech

A charity is to give away 2,000 Talking Book audio computers to some of Ghana's poorest communities after securing funds from Unicef and ARM.

Couple's hotel 'fine' for bad review

A couple are "fined" £100 for writing a bad review of a Blackpool hotel on Trip Advisor.

Gender pay gap shrinks to record low

The average full-time pay gap between men and women is at its narrowest since comparative records began in 1997, but is still a difference of 9.4%, official figures show.

Hotel bad review 'fine' refunded

A hotel that "fined" a couple £100 who described it as a "rotten, stinking hovel" will refund the money.

UK to get 'faster, cheaper' 4G data

A decision to free up more spectrum for 4G means consumers can expect faster and cheaper data, says telecoms regulator Ofcom.

China's factory activity stagnates

Activity in some of China's factories and workshops hits a six month low in November, a fresh survey shows.

Fed in easy decision to end stimulus

Despite turmoil in emerging markets, the US Federal Reserve reached an easy consensus to end its stimulus programme, latest minutes reveal.

Bank voted 7-2 to keep rates on hold

Persistently low inflation prompted the majority of members on the Bank of England's Monetary Policy Committee to keep interest rates on hold at its latest meeting.

UAE's female fashion designers

As more Emirati women enter the private sector, a growing number are going into fashion design, reports Verity Ratcliffe from Dubai.

Afghan businesses hope for change

The new government in Afghanistan says it wants to make it easier to do business in the country - but will things change?

Ex-convict turned chef cooks up social change

A former convict turned entrepreneur is looking to give other ex-offenders in Singapore a new lease on life through his restaurant chain Eighteen Chefs.

Premier League faces TV rights probe

Ofcom opens an investigation into how the Premier League sells live TV media rights for its football matches following a complaint from Virgin Media.

Manchester United sees revenues fall

Manchester United sees its revenue fall by 9.9% to £88.7m for the three months to the end of September.


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