• 18 September 2019 Image copyright Getty Images Lloyd's of London's boss has said he was "devastated" by a report detailing evidence of sexual harassment and assault against women at the company.Chief executive John Neal admitted that when he saw an investigation by Bloomberg: "We thought there were signs that it was a reality."The report showed women were subjected to inappropriate comments as...

  • By Kevin Peachey Personal finance reporter 18 September 2019 comments UK house prices rose at a slower rate in the year to July than at any time since September 2012, up by 0.7%, official figures show.The Office for National Statistics (ONS) said there had been general slowdown in UK property price growth in the last three years.This was driven by a slowing market in London and south-eastern...

  • 18 September 2019 comments Image copyright Getty Images Inflation growth slowed sharply in August to 1.7% after computer game prices dropped and clothing prices were slow to recover from the summer sales.The Consumer Prices Index measure of inflation fell below 2.1% in July, according to the Office for National Statistics.It is the lowest rate since late 2016.As well as the falling cost of...

  • 18 September 2019 comments Related Topics Ford Bridgend closure Image copyright Ineos Image caption Ineos says the new Bridgend plant will employ 500 people and produce 25,000 cars a year Ineos Automotive has chosen Bridgend for the production of its new 4x4 vehicle, it has been announced.It is expected to initially create around 200 jobs to make the Grenadier, and up to 500 in the long-term....

  • 18 September 2019 Related TopicsClimate change Image copyright ROBYN BECK/Getty Images The White House has stripped California of its right to set its own vehicle emissions standards and banned other states from setting similar rules. The waiver allowed the state - America's most populous - to set stricter standards than the federal government. President Trump says the move will cut car prices...

  • By Kevin Peachey Personal finance reporter 18 September 2019 Image copyright Getty Images Staffing has been boosted on a heavily-criticised helpline aimed at assisting customers of struggling pawnbroker Albemarle and Bond.Owner Speedloan Finance said it had doubled phone lines and staff responding to emails from worried customers.All of its 116 stores were closed last week owing to "significant...

  • 18 September 2019 Image copyright Cobham The government is to intervene in a US private equity firm's takeover of UK defence and aerospace firm Cobham, citing national security concerns.Advent International made a £4bn offer to buy Cobham in July and shareholders approved the deal last month.But Cobham's founding family raised concerns about the company's future and its connections with UK...

  • 18 September 2019 Related TopicsBA pilots' strike Image copyright Getty Images British Airways pilots have called off the next strike in their dispute, which had been scheduled for 27 September.Last week, a two-day stoppage called by the pilots' union, Balpa, forced BA to cancel almost all its flights.The strike followed failed negotiations between the union and the airline over a pay offer of...

  • By Andrew Walker BBC World Service economics correspondent 18 September 2019 Image copyright Reuters The Federal Reserve, the US central bank, has, as expected, cut its main interest rates at a meeting in Washington on Wednesday. The aim is to stimulate the US economy and get inflation closer to the Fed's target of 2%. But it will have ramifications far beyond US shores. Why does Fed policy...

  • Major U.S. stock indexes finished little changed Friday after a day of mostly quiet trading capped the S&P 500's second straight weekly gain. The market shook off an early stumble thanks largely to gains in health care stocks, makers of consumer products and retailers. Technology, communications and utilities stocks fell, as did bond yields and gold prices. Facebook dropped 1.8% after New York's...

  • 18 September 2019 Image copyright EPA Image caption Chairman Jerome Powell voted in favour of the cut The US central bank has cut interest rates for only the second time since 2008, amid concerns about slowing global growth and trade wars. As expected the Federal Reserve lowered the target range for its key interest rate by 0.25 basis points to between 1.75% and 2%.President Trump reacted by...

  • 17 September 2019 Image copyright Getty Images Image caption Ireland wants to demonstrate to multinational investors that the country is a safe and predictable place to do business An EU court is hearing appeals against a decision to order Ireland to recover £11.5bn of unpaid taxes from Apple.In 2016, the European Commission found an agreement between Dublin and the technology giant was...

  • 17 September 2019 Image copyright WeWork The hotly-anticipated stock market listing of WeWork's parent firm may be delayed until the end of the year with investor interest appearing to falter. We Company was due to begin marketing the office sharing firm to investors this week, with the flotation set to take place as early as this month. But concerns have mounted over what firm, once valued at...

  • By Leo Kelion Technology desk editor 17 September 2019 Image copyright Gatwick Airport Image caption Gatwick first trialled facial-recognition-based checks at some of its departure gates last year Gatwick has become the UK's first airport to confirm it will use facial-recognition cameras on a permanent basis for ID checks before passengers board planes.It follows a self-boarding trial carried...

  • By Katie Hope Business reporter, BBC News 17 September 2019 comments Image copyright Getty Images If you want to buy a helium-filled balloon for a celebration, then it's likely you'll be paying a bit more for the privilege."Prices just keep going up and up," says Steve Durnford, director of family business Balloons of London.The store, which sells party balloons to both individuals and firms, is...

  • By Kevin Peachey Personal finance reporter 17 September 2019 Image copyright Jackie Alderson When part-time cleaner Jackie Alderson saw the household bills mounting up she decided to pawn some of her jewellery.Among the valuable items that secured the loan with Albemarle and Bond was a locket, inside which were pictures of her late parents.Now, having saved up the £1,000 needed to return...

  • 17 September 2019 comments Image copyright Getty Images Estate agents have been urged to automatically disclose air pollution figures to home buyers. The industry trade body said providing this information should now be standard practice."Air quality is now public information, and it will never not be again," said Mark Hayward, chief executive of NAEA Propertymark.His comments came as a new...

  • 17 September 2019 comments Image copyright Sirius Minerals The future of a huge potash mine in North Yorkshire has been thrown into doubt after the company behind the project cancelled plans to raise $500m (£403m) through a bond sale.Sirius Minerals blamed "market conditions", including Brexit and lack of government support for the decision.It will now undergo a six-month review of four...

  • 17 September 2019 Image copyright Smart Meter GB Smart meters are promoted as technology to make householders' lives easier and cheaper, as well as a gateway to a connected British energy network.But their introduction has proved controversial. Deadlines have shifted and the technology has been questioned.Ultimately, most homes in the country will eventually use smart meters. So how do they work...

  • 17 September 2019 Image copyright AFP Image caption Prince Abdulaziz bin Salman's comment calmed fears about global oil shortages Saudi Arabia has said its oil output will return to normal by the end of this month, with half the production lost in drone attacks on two key facilities already restored.The news immediately calmed the oil markets, with the price falling 7% on Tuesday after Monday's...