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BBC News: Nicola Sturgeon to 'reset' independence referendum plan
Tuesday 27th June 2017
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Live BBC Business News

Many firms hit by global cyber-attacks

Banks, retailers, energy firms and Kiev airport say they have been targeted by malware attacks.

Bank of England takes action over bad loans

UK banks are being forced to put more money aside to cover the risk of bad debts.

Savers face 'never-ending battle'

Nine out of 10 savings accounts pay interest of less than 1%, Moneyfacts says.

IMF cuts forecasts for US economic growth

The body reins back its growth estimates due to uncertainty about White House policies.

Google hit with record EU fine over Shopping service

The European Commission penalises the US tech giant for illegally favouring its own shopping service.

Ice cream rush helps supermarket sales soar in June

The UK's biggest retailers saw revenue rise on outdoor dining in record-breaking temperatures.

Body Shop bought by Brazil's Natura

The UK cosmetics retailer has been sold by L'Oreal to Natura of Brazil.

Cash 'lives on' after 50 years of ATMs

Bank of England chief cashier says all future plans include the use of cash despite new technology.

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.