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Latest Business News

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

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.

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

Fullers upbeat amid downturn
Fuller, Smith & Turner says it is confident it will "cope well" even though the UK economic outlook did "not look good".

RBS boss apologises over losses
Royal Bank of Scotland (RBS) chairman, Sir Tom McKillop, says he is "profoundly sorry" for the bank's financial difficulties.