Latest Business News
Two energy firms to raise prices
E.On and Scottish and Southern Energy are to raise gas and electricity prices by up to 29%, blaming higher wholesale costs.
Surprise gain in UK retail sales
Retail sales defy grim forecasts to rise 0.8% in July, according to the Office for National Statistics.
Persimmon posts sharp profit fall
UK housebuilder Persimmon reports a sharp drop in half-year profits as it struggles to deal with the housing market downturn.
Wholesale gas prices up on leak
Wholesale gas prices in the UK jump by 15% after a gas pipeline leak in the North Sea.
BAE in £2bn MoD ammunition deal
BAE Systems signs a 15-year deal with the Ministry of Defence to supply ammunition for UK armed forces.