UK Business News

20 October, 2014 23:26

AbbVie and Shire terminate merger

US firm AbbVie announces it has abandoned its talks with UK drugmaker Shire after a new US rule discouraging mergers that would lower a US firm's tax rate.

20 October, 2014 22:32

Apple's iphone sales boost earnings

Apple reports third-quarter earnings of $8.47bn (£5.24bn), beating analysts' expectations, helped by sales of its new iPhone models.

20 October, 2014 20:05

Bank to probe system failure

The Bank of England has launched an official probe after an automated system that transfers billions of pounds between banks was suspended for much of the day delaying house movers.

20 October, 2014 11:08

Housing 'plateau' as rates fall

The housing market is "sitting on a plateau", a lenders' group has said, despite renewed competition between providers on mortgage rates.

20 October, 2014 13:34

Switching sites 'hiding' best deals

Five of the UK's biggest price comparison sites are accused of "hiding" the best energy deals from consumers by one of their rivals

20 October, 2014 17:22

Bank of England warns on bankers' pay

Banks may have to cut pay to reflect lower industry returns since the financial crisis, a senior Bank of England executive has warned.

20 October, 2014 17:49

Mansion tax 'at least £250 a month'

Ed Balls says owners of properties worth between £2m and £3m will pay an extra £250 a month in "mansion tax" under a future Labour government - with higher rates for higher value homes.

20 October, 2014 13:26

IBM pays $1.5bn to offload chip unit

IBM is paying $1.5bn to offload its loss-making chip manufacturing division to Abu Dhabi owned GlobalFoundries as it announces a 17% profits fall.

20 October, 2014 13:30

Pension funds unaccounted for

Hundreds of people are searching for their money after transferring frozen pensions.

20 October, 2014 14:22

Fire leaves half power station shut

RWE npower, the owner of Didcot B power station in Oxfordshire, says half of the site will remain out of action indefinitely after a fire.

News reports courtesy of BBC News.

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