Business

Price comparison sites given thumbs up by regulator

Image copyright Go Compare Image caption The regulator’s update says there is no need for a full-scale market investigation Price comparison websites and apps bring “substantial benefits” to consumers, says the Competition and Markets Authority (CMA). It launched a study of digital comparison tools (DCTs) last September, to see how they could be improved. The […]

Business

Amazon to buy Middle East online retailer Souq

Image copyright AP Amazon has made its first move into the Middle East after agreeing to buy the region’s largest online retailer, Souq.com, for an undisclosed amount. Souq was launched in 2005 and offers more than 8.4 million products. It sells across 31 categories including consumer electronics, fashion, health and beauty, household goods and baby. […]

Business

60 Seconds of Business Sense: How to buy a business

How would you like to get free business advice from the bosses of some of the world’s most innovative and fast-growing companies? That’s what we’re bringing you on the BBC News website, in a series called 60 Seconds of Business Sense. This week, Touker Suleyman, chairman of the fashion company Low Profile Holdings and one […]

Business

Redrow withdraws Bovis takeover offer

Image copyright Reuters Redrow has withdrawn its takeover offer for fellow housebuilder Bovis. The Flintshire-based company, whose share and cash offer was rejected by Bovis earlier this month, said it would not return with a higher offer. It said it had pulled out because it was “not in its shareholders’ best interests to increase its […]

Business

Tesco fined £129m for overstating profits

Image copyright Getty Images Tesco has agreed to pay a fine of £129m to avoid prosecution for overstating its profits in 2014. The supermarket giant has reached a deferred prosecution agreement with the Serious Fraud Office (SFO) after a two-year investigation. The SFO said Tesco had co-operated with the investigation and had undergone an “extensive” […]

Business

American Airlines tie up partnership with China Southern

Image copyright AFP American Airlines and China’s biggest carrier by passengers, China Southern, have agreed a strategic partnership. The US airline will buy $200m (£159m) worth of shares in the Chinese firm and the two will “seek to increase cooperation”. China Southern is the latest of China’s top airlines to bring in an investor from […]

Business

Ceramics boss: 'We are looking at the US'

With Theresa May set to invoke Article 50 on Wednesday, kickstarting the process for the UK to leave the EU, BBC News asks if businesses are changing their strategies to cope with Brexit. Paul Farmer, boss of Wade Ceramics in Stoke-on-Trent, says he has been on several visits to the US as he increasingly looks […]

Business

Councils 'face funding gap' to fix roads

Image copyright Getty Images One in six roads across England and Wales are in such a bad state they must be repaired within the next five years, according to local authorities. The Annual Local Authority Road Maintenance survey (ALARM) found that 17% of roads were in “poor” condition. The government is planning to invest £1.2bn […]

Business

'Bond King' Bill Gross settles Pimco feud for $81m

Image copyright Reuters Image caption Bill Gross has been nicknamed the “Bond King” from making good bets on US Treasury bonds Star trader Bill Gross has ended a “family disagreement” with his former firm Pimco, in a settlement worth an estimated $81m (£65m). The billionaire, dubbed Wall Street’s “Bond King”, sued Pimco after his abrupt […]

Business

New £1 coin's 'hidden' security feature

Image copyright Royal Mint The new 12-sided £1 coin – which comes into circulation on Tuesday – has a hidden security feature to make it difficult to counterfeit. It is thought to involve material inside the coin itself which can be detected when electronically scanned by coin-counting or payment machines. But officials at the Royal […]