Business

Gracie: Pay discrimination ’embedded’ in our culture

[ad_1] Saturday 10 November marks Equal Pay Day in the UK. After this date women are effectively working for free until the end of the year because of the gender pay gap.Carrie Gracie, who quit as the BBC's China editor in protest over being paid less than her male peers, has funded a new service to help women in low paid jobs access the help they need to fight pay
Business

Ryanair plane seized by French authorities in cash row

[ad_1] Image copyright Reuters A Ryanair plane has been seized by French authorities in a row over money in the latest problem for the airline. The French civil aviation authority grounded the plane on Thursday at Bordeaux airport, before it was due to fly to Stansted with 149 passengers.It said the move was "a last resort".The dispute was caused by French subsidies paid to Ryanair for flights from regional airport
Business

Supermarkets win £300m cash machine case

[ad_1] Image copyright Getty Images Retailers will no longer have to pay millions of pounds in business rates for cash machines outside their shops, following a ruling by the Appeal Court.Since 2010 supermarkets and convenience stores have been liable to pay rates on the machines.But the court ruled that about £300m they have already been charged will now have to be refunded.Part of that money will have to come from
Business

Supermarkets win £300m cash machine case

[ad_1] Image copyright Getty Images Retailers will no longer have to pay millions of pounds in business rates for cash machines outside their shops, following a ruling by the Appeal Court.Since 2010 supermarkets and convenience stores have been liable to pay rates on the machines.But the court ruled that about £300m they have already been charged will now have to be refunded.Part of that money will have to come from
Business

UK economy grows at fastest rate since late 2016

[ad_1] Image copyright Getty Images The UK economy grew by 0.6% in the three months to September, with warm weather boosting consumer spending, the Office for National Statistics said.The figure for the third quarter is in line with predictions from the Bank of England and other forecasters. However, buoyant growth in July was offset by a slowdown in August and September.It is the highest quarterly growth figure since the fourth
Business

KPMG stops consultancy for audit clients

[ad_1] Image copyright Reuters Accountancy firm KPMG has said it will no longer do consultancy work for the UK's biggest companies if it is also auditing them.The firm's chairman said the move was to "remove even the perception of a possible conflict" of interest.The "big four" accountancy firms are under scrutiny following the collapse of construction firm Carillion. The industry watchdog is currently looking at banning them from doing both
Business

Chinese headmaster fired over secret coin mining at school

[ad_1] Image copyright Getty Images Image caption Mining machines can make their owners rich - but they soak up lots of electricity A Chinese headmaster has been fired after a secret stack of crypto-currency mining machines was found connected to his school's electricity supply.Teachers at the school in Hunan became suspicious of a whirring noise that continued day and night, local media report.This led to the discovery of the machines,
Business

UK economy grew 0.6% in third quarter of 2018

[ad_1] UK economy grew 0.6% in third quarter of 2018, Office for National Statistics saysThis breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version.You can receive Breaking News on a smartphone or tablet via the BBC News App. You can also follow @BBCBreaking on Twitter to get the latest alerts. [ad_2] Source link
Business

Sabrina makers sued by Satanic Temple over statue

[ad_1] Image copyright Getty Images Image caption Satanic Temple co-founder Lucien Greaves says the group's imagery is being misused The Satanic Temple activist group is suing the makers of TV series The Chilling Adventures of Sabrina for $50 million (£38m) over a statue.Netflix and Warner Bros allegedly copied the group's statue of the goat deity Baphomet in the programme. Both production companies have declined to comment on the lawsuit.Satanic Temple
Business

Is rent cheaper in the next street? Use our map to find out

[ad_1] How much do you pay your landlord? Could you save by moving down the road, or getting an extra flatmate?Rent can swallow more than half of young people's salaries. Yet the difference in cost between neighbouring postcodes can be as high as 50%.The BBC data team, using figures from Hometrack, has mapped rents by postcode district in Britain to help you explore the best value parts of your area.You
Business

Top banks in cyber-attack ‘war game’

[ad_1] Image copyright Getty Images The Bank of England is testing the UK's ability to withstand a major cyber-attack on financial institutions. Some 40 firms, including leading banks, are taking part in a one-day "war-gaming" exercise designed to assess their resilience.The Bank is conducting the exercise on Friday in partnership with regulators and the Treasury.It wants to ensure that firms are able to meet certain minimum recovery standards after a
Business

Top banks in cyber-attack ‘war game’

[ad_1] Image copyright Getty Images The Bank of England is testing the UK's ability to withstand a major cyber-attack on financial institutions. Some 40 firms, including leading banks, are taking part in a one-day "war-gaming" exercise designed to assess their resilience.The Bank is conducting the exercise on Friday in partnership with regulators and the Treasury.It wants to ensure that firms are able to meet certain minimum recovery standards after a
Business

Top banks in cyber-attack ‘war game’

[ad_1] Image copyright Getty Images The Bank of England is testing the UK's ability to withstand a major cyber-attack on financial institutions. Some 40 firms, including leading banks, are taking part in a one-day "war-gaming" exercise designed to assess their resilience.The Bank is conducting the exercise on Friday in partnership with regulators and the Treasury.It wants to ensure that firms are able to meet certain minimum recovery standards after a
Business

Next settles with Scamp & Dude over copying claims

[ad_1] Image copyright Instagram Scamp and Dude Retailer Next has reached a settlement with the fashion brand Scamp & Dude over claims it copied the smaller firm's designs.Next said it would pay the profits from any sales of a contested design to the label, which will donate the proceeds to charity.In September, the label founder accused Next of a "blatant infringement" of an animal print top for children.At the time
Business

Netflix chief shrugs off competition from Disney and Amazon

[ad_1] Image copyright Getty Images Image caption Netflix has more than 130 million paid memberships across 190 countries The boss of Netflix, Reed Hastings, has told the BBC he is looking forward to going up against Disney when it launches its online streaming service, Disney Plus, next year."We've been competing with Amazon for more than 10 years, so we're used to healthy, strong competition," he said."It makes us better."But Disney
Business

Brexit stockpiling: No room at food warehouse in Cardiff

[ad_1] Media playback is unsupported on your device Media captionOperations manager Jake Rattenbury took the BBC behind the scenes at the warehouseA cold storage firm says it has run out of room because the food industry is stockpiling in the run-up to Brexit. Cardiff-based Wild Water has rented extra space in Newport, Bristol and Staffordshire, and bought another storage site in Merthyr Tydfil. It is also building a large facility
Business

Could these balls help reduce plastic pollution?

[ad_1] Image copyright Luke McSweeney Image caption Rachael Miller believes the Cora Ball could hugely reduce microfibre pollution Concern is mounting over the volume of plastics in our oceans and, in particular, how tiny particles of plastic and other synthetic materials are infiltrating every part of our ecosystem. Can technology help address the problem? In October 2009, windsurfing teacher Rachael Miller went to help clean up an island off the
Business

MPs: Are vulnerable bank customers being treated fairly?

[ad_1] Image caption The loss of bank branches is one issue affecting vulnerable customers A committee of MPs is to examine whether vulnerable consumers are being treated fairly by banks and service providers.Among other things the Treasury Committee will look at what banks are doing to stop financial exclusion.It will also examine whether some vulnerable people are being overcharged for travel insurance.Citizens Advice has claimed that people are losing as
Business

Retailers shut 2,700 shops in first half of the year

[ad_1] Image copyright Getty Images About 14 shops are closing every day as UK high streets face their toughest trading climate in five years, a report has found. A net 1,123 stores disappeared from Britain's top 500 high streets in the first six months of the year, according to the accountancy firm PwC. It said fashion and electrical stores had suffered most as customers did more shopping online. Restaurants and
Business

Disney results get box office boost

[ad_1] Image copyright Getty Images Image caption Incredibles 2 and Ant-Man and the Wasp boosted Disney's results Walt Disney saw higher profits and revenue in the most recent quarter, boosted by blockbusters Incredibles 2 and Ant-Man and the Wasp.Revenues in the media company's studio division jumped 50% in the three months to 29 September to $2.15bn (£1.6bn).The gain lifted the firm's total revenues to $14.3bn, up 12% year-on-year, while profits
Business

Energy firms SSE and Npower renegotiate terms of merger

[ad_1] Image copyright Getty Images Energy firms SSE and Npower are renegotiating the terms of a merger of their UK retail operations, blaming the introduction of an energy price cap.The merger, which has been cleared by the regulator, is set to create the UK's second-biggest energy company.Both firms said they still thought the merger had benefits, but that any final deal was likely to be delayed.An energy bill price cap
Business

Paypal stops handling payments for Tommy Robinson

[ad_1] Image copyright Getty Images Image caption Tommy Robinson at the Old Bailey in London to hear contempt charges Paypal has told former English Defence League leader Tommy Robinson it will no longer process payments on his behalf, the BBC understands.The payments network is believed to have told Mr Robinson he had violated its terms and conditions.It said Paypal could not be used to promote hate, violence or discrimination.Online petitions
Business

KPMG stops consultancy for audit clients

[ad_1] Image copyright Reuters Accountancy firm KPMG has said it will no longer do consultancy work for the UK's biggest companies if it is also auditing them.In a memo the firm's chairman said the move was to "remove even the perception of a possible conflict" of interest.The "big four" accountancy firms are under scrutiny following the collapse of construction firm Carillion. The industry watchdog is currently looking at banning them
Business

Glitch leaves childminders unpaid for a week

[ad_1] Image copyright Getty Images A glitch in a childcare payment system run by the tax office has left many nurseries and childminders waiting more than a week for their money.The problems came after 22,000 payments made through HM Revenue & Customs' Tax-Free Childcare system were delayed.The tax office has apologised and says all payments have now been made.However, some childminders have contacted the BBC to complain that they are
Business

How do you score on this money quiz for teenagers?

[ad_1] Image copyright Getty Images The money expert Martin Lewis has paid for 340,000 textbooks on personal finance to be sent out to all of the UK's state schools.The book, called Your Money Matters, is designed to help 15-16 year-olds manage their finances.It has the support of the Department for Education.Financial education has been on the national curriculum since 2014, but Mr Lewis said schools had struggled with resources and
Business

Bombardier cuts 5,000 jobs globally

[ad_1] Image copyright Getty Images Bombardier is cutting 5,000 jobs globally in a bid to "streamline" its operations.The struggling Canadian plane and transportation manufacturer said the cuts would be made over the next 12 to 18 months.It will also sell its Q Series aircraft programme for $900m and the de Havilland trademark for $300m.It was unclear if jobs at Bombardier's UK operations such as its Belfast headquarters would be affected.
Business

Sainsbury’s boss warns food ‘can’t be stockpiled’ for no-deal Brexit

[ad_1] Sainsbury's boss Mike Coupe tells BBC Breakfast much of their food imports are perishable and therefore "can't be stockpiled" in preparation for a no-deal Brexit. The supermarket has about 20 distribution centres in the UK that can hold about a week's worth of food.Mr Coupe told Ben Thompson any hold-ups in importing food would reduce shelf-life and increase costs, but he is optimistic a Brexit deal will be struck.
Business

Online property adverts ‘refusing’ tenants on benefits

[ad_1] Image copyright Getty Images Thousands of online property adverts in England are discriminating against tenants who are in receipt of housing benefit, a study says. The National Housing Federation and charity Shelter examined 86,000 online adverts for rental properties.They found that one in 10 of those adverts requested "No DSS" or "No Housing Benefit".While it is not unlawful to refuse people on benefits, Shelter said it was likely to
Business

Plane plummets 500ft in 18 seconds after error

[ad_1] Image copyright PA The pilot of a Flybe plane that plummeted 500ft (152m) in 18 seconds had selected the wrong autopilot settings, an investigation has found.Some 44 passengers and four crew were on board the Belfast City to Glasgow flight on 11 January when the plane "pitched nose-down" towards the ground.An Air Accidents Investigation Branch report said warnings alerted the pilot, who fixed the error at 928ft (283m).Flybe said
Business

China’s Xinhua agency unveils AI news presenter

[ad_1] Media playback is unsupported on your device Media captionChina's 'first AI news anchor'China's state news agency has unveiled a virtual newsreader sporting a sharp suit and a somewhat robotic voice.Xinhua News claims the presenter "can read texts as naturally as a professional news anchor", though not everyone may agree."Hello, you are watching English news programme," says the English-speaking presenter at the start of his first report.Sogou, a Chinese search
Business

Dyson wins ruling over vacuum cleaner tests

[ad_1] Image copyright Getty Images Dyson, the household appliance maker, has won a legal battle over energy labelling laws for its vacuum cleaners in the European courts.The UK engineering firm claimed tests to assess the efficiency of vacuum cleaners favoured rivals' models.Dyson said the system failed to reflect actual conditions of use.The company, which has been pursuing legal action over the issue since 2015, said the ruling was "a win
Business

Mid-term elections 2018: What they mean for business

[ad_1] Image copyright Reuters Image caption What do the 2018 mid-term elections mean for business? Big business thrived in the first two years of the Trump administration, as President Donald Trump is fond of noting.That was due in part to new policies, including a major corporate tax cut and looser regulation.The 2018 mid-term elections left Washington divided, as Democrats gained a majority in the House of Representatives, while Republicans expanded
Business

The Asian businesses surviving high street closures

[ad_1] Diwali time is big business on Asian high streets like Soho Road in Birmingham.Many of these shops were set up in the 1960s to serve migrant communities and to provide jobs. And while British high streets have struggled, Asian grocers continue to buck the trend.Immigrant entrepreneurs in the small and medium sector of the economy are responsible for one-in-seven businesses in the UK, according to the Centre for Entrepreneurs
Business

Sainsbury’s profits rise in tough market

[ad_1] Image copyright Getty Images Half-year results at the supermarket chain Sainsbury's have shown a 20% rise in underlying profits. Pre-tax, the figure for the 28 weeks to 22 September was £302m, compared with £251m in the same period last year.However, the retailer's regular pre-tax profit nearly halved once exceptional costs were taken into account.These included restructuring store management teams and preparing for its merger with Asda, which is being
Business

Duke of York: Keep ‘engaging’ with Saudis

[ad_1] Image copyright Getty Images The Duke of York has said his initiative to support entrepreneurs should continue "engaging" with Saudi Arabia, despite the killing last month of journalist Jamal Khashoggi.Khashoggi, a critic of Saudi rulers, was killed inside the country's consulate in Istanbul on 2 October. The Duke said the journalist's death was an "awful state of affairs". But he added Pitch@Palace should not stop "encouraging and supporting, starting
Business

Japan’s Toshiba to withdraw from UK nuclear power project

[ad_1] Image copyright NuGen Image caption An artist's impression of what Moorside nuclear plant would have looked like Japan's Toshiba is set to wind up NuGen, its UK-based nuclear arm, after efforts to offload the business failed.NuGen was behind the development of the Moorside nuclear power station project in Cumbria, in north-west England.Toshiba's move will put a dent in the UK's plans to develop new nuclear power stations as it
Business

The thermal rescue drone that finds woodland wanderers

[ad_1] A rescue drone that can find people who are lost in the forest is being developed in Latvia.Researchers have equipped a drone with a thermal camera that can pick out the body heat of people among the trees. Artificial intelligence is used to spot humans and alert the drone operatorSuperfast 5G mobile connectivity will help the drones communicate more effectively with operators on the ground. Video journalist: Chris Fox.
Business

Choppy waters for Greek shipping sector

[ad_1] Image copyright Getty Images Image caption Greece has the world’s largest merchant ship fleet Thanks to President Trump there may be choppy waters ahead for Greece's vital shipping industry.As the US this week reinstated a global ban on Iranian oil exports, there are few countries outside of Iran that will be more affected by the move than Greece.This is because Greece's merchant shipping fleet - the biggest in the
Business

Thousands still watch TV in black and white

[ad_1] Image caption Children watch Andy Pandy in 1950 More than 7,000 people still watch TV in black and white more than half a century after colour broadcasts began.London has the most TV licences for black and white sets at 1,768, followed by 431 in the West Midlands and 390 in Greater Manchester with 390.A total of 7,161 UK households have failed to start watching in colour despite transmissions starting
Business

Wall Street gains after US mid-terms

[ad_1] Image copyright Reuters Image caption Analysts said the rally may be short-lived Wall Street saw broad gains on Wednesday, as uncertainty about the outcome of the 2018 US congressional elections cleared.Republicans expanded their majority in the Senate, while Democrats gained control of the House of Representatives. The divided outcome, which dims chances of major new laws, offered a boon to investors wary of uncertainty.The Dow and S&P 500 jumped
Business

Samsung shows off folding smartphone

[ad_1] Image copyright Samsung Image caption When unfolded the phone resembles a tablet Samsung has unveiled a folding handset at an event in San Francisco.It described its Infinity Flex Display as "the foundation of the smartphone of tomorrow" and said it intended to start production within months.When unfolded the device resembles a 7.3in (18.5cm) tablet. When closed a separate display on the reverse of the handset comes into use.Samsung has
Business

Michael Kors and Coty shares hit by weak European sales

[ad_1] Image copyright Getty Images Image caption Michael Kors has been on a shopping spree, buying up Versace and Jimmy Choo, in a bid for growth Shares in Michael Kors plunged on Wednesday following weaker-than-expected sales at its namesake brand.Sales at Michael Kors stores open for at least 12 months fell 2.1%, while licensing revenue was down almost 7%.The US fashion firm has responded to the struggles at its core
Business

5G will let users ditch fixed-line home broadband, says Three

[ad_1] Image copyright Getty Images Image caption Many families currently pay for a separate mobile and home broadband services 5G mobile data will be so reliable and fast most homes will no longer need a separate home broadband connection, according to one of the companies planning to launch a UK service.Three UK's chief executive told BBC News there would be enough capacity on 5G to cope with demand, meaning households
Business

League of Legends firm sued over workers’ sexism claims

[ad_1] Image copyright Riot Games Image caption Riot's League of Legends is one of the most lucrative video games League of Legends's developer is facing legal action over allegations it paid female employees less than men because of their gender and tolerated sexual harassment.The action against Riot Games is being pursued by one of its former workers as well as a current staff member.It follows investigations by the Los Angeles
Business

John Lewis chairman Sir Charlie Mayfield to step down

[ad_1] Image copyright Darren Bell John Lewis is searching for a new chairman after Sir Charlie Mayfield said he would step down in 2020. The departure comes at a challenging time for the partnership, which posted a 99% fall in half-year profits in September. A replacement for Sir Charlie is not expected to be announced in the second half of 2019.He said he was giving notice now to enable time
Business

House prices ‘to fall’ next year if no Brexit deal

[ad_1] Image copyright Getty Images House prices in the UK could fall in 2019 if the government fails to reach a Brexit deal, one senior economist has said.Howard Archer, chief economic adviser to the EY ITEM Club, said he expected prices to fall "modestly" if there is no agreement with Brussels.However, a negotiated deal could see prices rise by around 2%, he said.It comes as the UK's largest mortgage lender,