Home / Business (page 30)

Business

Plan to cap unarranged overdraft fees

Bank charges: Regulator proposes cap on unarranged overdraft fees 17 May 2016 From the section Business Image copyright PA Banks should cap monthly overdraft fees and warn customers if they are about to go overdrawn, the regulator has said. The Competition and Markets Authority says this and other measures could ...

Read More »

Chinese bank buys London gold vault

ICBC to be first Chinese lender to own London vault 17 May 2016 From the section Business Image copyright AFP/Getty Image caption ICBC Standard Bank was formed after the Chinese bought a majority stake in the markets operation of Standard Bank in 2015 China’s ICBC, the world’s biggest bank by ...

Read More »

Oil revival rallies Asian markets

Oil price revival rallies Asian markets 17 May 2016 From the section Business Image copyright Getty Images Asian stock markets are rallying on Tuesday after oil prices hit a six-month high on signs the global supply glut is easing. Brent crude, the international benchmark, is trading close to $50 per ...

Read More »

Oil boss says North Sea 'has a future'

Total’s boss says North Sea oil and gas ‘has a future’ By John Moylan Shetland 17 May 2016 From the section Business Image copyright Getty Images The boss of one the world’s largest oil companies has said it will continue to invest in the UK and that oil and gas ...

Read More »

Warren Buffett reveals $1bn Apple stake

Warren Buffett reveals $1bn Apple stake 16 May 2016 From the section Business Image copyright Getty Images The billionaire investor Warren Buffett has revealed that his investment firm has bought a $1bn stake in the technology firm Apple. Berkshire Hathaway disclosed a holding of 9.81 million shares in the iPhone ...

Read More »

British Airways 'mulls meal charges'

British Airways considers meal charges for short flights, reports suggest 16 May 2016 From the section Business Image copyright BA British Airways passengers could be charged for meals on short-haul flights to help the airline compete with budget rivals, according to media reports. It has been reported the airline is ...

Read More »

Philips launches sale of lighting unit

Philips to launch sale of shares in lighting division 16 May 2016 From the section Business Image copyright Patrik Stollarz Image caption A Philips factory for halogen lamps in Aachen, Germany The Dutch electronics firm, Philips, aims to raise at least €694m (£547m) by selling a 25% stake in its ...

Read More »

Steel tubes plant set to re-open

Steel tubes plant set to re-open in Tredegar 16 May 2016 From the section South East Wales Image caption Caparo Tubes in Tredegar opened nearly 40 years ago A steel tubes factory in Blaenau Gwent is set to re-open next month – eight months after it went into administration. Caparo ...

Read More »

Spanish home investors could get payout

Up to 100,000 UK investors in Spanish homes could get payout By Joe Lynam Business reporter 16 May 2016 From the section Business Image copyright Getty Images Up to 100,000 UK investors who lost money when the Spanish property market collapsed could be in line for payouts, a law firm ...

Read More »

Miners rise but FTSE starts lower

Mining stocks rise but FTSE starts lower 16 May 2016 From the section Business Image copyright Getty Images (Open): The FTSE 100 starts the week with modest falls despite gains for leading mining companies. Anglo American was up 3% to lead the list of risers. Antofagasta, Fresnillo and Rangold followed ...

Read More »