Business

Airbus reaches deal to settle corruption probe

Image copyright Airbus Airbus says it has agreed a settlement with French, British and US authorities following lengthy investigations into allegations of bribery and corruption. In a statement, the European planemaker said the deal was subject to approval by courts in the three countries. The allegations have centred on the use of middlemen in plane […]

Business

Banks asked to explain 40% overdraft rates

Image copyright Getty Images The UK’s financial regulator has asked banks to explain how they have decided their new overdraft rates. The Financial Conduct Authority (FCA) said most High Street banks had set “very similar prices”, after it demanded changes to the system. Several big brands including Santander, Lloyds Banking Group and HSBC are set […]

Business

Insurer Aviva apologises to mistaken Michaels

Image copyright Getty ImagesImage caption You were only supposed to get the name right – his name is Michael Caine Several thousand Aviva customers have received an apology after the insurer mistakenly called them all Michael. The company, which has millions of customers, blamed a “temporary technical error” for the incorrect emails. It stressed that […]

Business

Northern Rail: Your tales of ‘atrocious’ service

Image caption Buckshaw Parkway station opened in 2011 Northern Rail passengers have faced chaos since May 2018 when new timetables were introduced. This week a decision is expected from the government on whether the firm will lose its franchise over “unacceptable delays”. BBC Radio 5 Live has been speaking to people in Buckshaw Village, near […]

Business

Shares and oil tumble on coronavirus fears

Image copyright Getty ImagesImage caption Shares in Burberry have been hit by the worries Worries over the continued spread of the coronavirus have hit the financial markets, with London’s FTSE 100 share index dropping more than 2%. Airlines and companies with significant sales in China saw some of the biggest share price falls. The coronavirus […]

Business

Dos Santos: Whistleblower named a Football Leaks author

Image copyright Getty ImagesImage caption Rui Pinto is currently awaiting trial in Portugal The author of the Football Leaks website, Rui Pinto, has come forward as the source behind leaked documents which showed how Africa’s richest woman made her fortune. The documents allege Isabel dos Santos, the daughter of a former president of Angola, was […]

Business

Firms urged to crack down on office football chat

Image copyright Getty Images Chat about football or cricket in the workplace should be curtailed, a management body has warned. Ann Francke, head of the Chartered Management Institute, said sports chat can exclude women and lead to more laddish behaviour. “A lot of women, in particular, feel left out,” she told the BBC’s Today programme. […]

Business

‘Almost 10,000’ retail jobs lost this year

Image copyright PA Media There have been almost 10,000 retail job losses in the UK so far in 2020, according to retail sector analysts, with more failures forecast. In total, 9,949 jobs have gone, said the Centre for Retail Research (CRR). A further 1,200 jobs are under threat with the collapse of Beales and Hawkin’s […]