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'The truth will set you free'

BBC News: UK snow: Freezing conditions hit evening rush hour
Monday 11th December 2017
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Live BBC Business News

Shazam! Apple buys music recognition app

Rivalry against Spotify and augmented reality ambitions are two possible reasons for the takeover.

Mortgage safety net 'disappearing'

Help for those struggling to meet home loan repayments will largely vanish by 2022, a report says.

ATM operator Cardtronics UK plans cash machine cuts

Cardtronics says a planned industry shake-up could make free-to-use ATMs "unsustainable".

Labour may move parts of Bank of England to Birmingham

A report commissioned by Labour claims banks are failing to lend to growing sectors in the regions.

HP laptops found to have hidden keylogger

A researcher finds more than 460 models have the hidden software pre-installed.

HSBC prosecution threat in US lifted

The bank's five-year probation in the US that followed allegations of Mexican money laundering is over.

Bitcoin futures trading begins on CBOE exchange in Chicago

Bitcoin rises 17% to above $18,000 on its futures debut, a move seen as legitimising the currency.

Help to Save scheme to start slowly

The system offers a 50% government top-up to low-income working people on certain benefits.

Green Business News

Gold and Oil Prices 2day


The Business Week from 10


1. EasyJet boss Carolyn McCall and Natalie Massenet, founder of Net-a-Porter, were appointed dames in the new year honours. Insurance tycoon Clive Cowdery was knighted while Samir Desai, co-founder of Funding Circle, was appointed a CBE.

2. Saudi Arabia posted a budget deficit of £66bn and announced public spending cuts. Oil minister Ali Al-Naimi said the kingdom would take no measures to restrict crude supplies, pushing analysts to mark down their oil price forecasts for this year.

3. The Financial Conduct Authority said it had shelved an inquiry into the staff culture at banks, provoking claims that it was going soft on the City.

4. Sports Direct said it would increase pay for directly employed staff by 15p an hour, from £6.70 to £6.85.

5. Amazon said it would extend its grocery delivery service, sending shares in Ocado down sharply.

6. The acquisitive industrial group Melrose returned £2bn to shareholders and said it was optimistic about making another big deal.

7. The CBI was accused by pro-Brexit campaigners of secretly dropping demands for a renegotiation of the working-time directive.

8. The commodities trader Noble Group was slashed to junk status by the ratings agency Moody’s.

9. China ordered three unnamed foreign banks to stop foreign-exchange transactions until the end of March.

10. The competition regulator said it would investigate J Sainsbury’s sale of its chemists to Celesio, owner of the Lloyds Pharmacy chain.