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Latest Business News

Repossession 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 is to cut production in Japan and Europe and close its Swindon plant in the UK 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.

Eurozone business activity falls
Business activity in the 15 countries sharing the euro falls in November to a ten-year low, the purchasing managers' index (PMI) shows.

Gap profits higher than expected
American clothes retailer Gap defies Wall Street forecasts and reports higher-than-expected third quarter net profits.