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Latest Business News

Repossessions of homes up by 12%
The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the third quarter of the year.

Honda Swindon closing for 50 days
Honda announces it will cut production and close its Swindon plant in February and March next year.

BBC local video scheme rejected
The BBC Trust rejects controversial plans to launch a £68m network of local news websites with video content.

Banks 'must kick-start lending'
Banks must start lending again or face being named and shamed, the Treasury Select Committee chairman says.

Oil price up as Asian stocks rise
Oil prices bounce back from a three-and-a-half year low, tracking Asian stocks higher, but are still below $50 a barrel.