• 14 June 2017 From the section Business Image copyright Thames Water Thames Water has been hit with its second big fine this year for failing to reduce leakage.Industry regulator Ofwat has fined the company the maximum £8.55m it can levy and said it may take further action.In March, the water firm was ordered to pay a record £20m for polluting the river Thames with 1.9bn litres of raw...

  • 14 June 2017 From the section Business Image copyright Spencer Platt/Getty US stocks edged down at the close after the US central bank raised interest rates for the second time this year.The Federal cited continued US economic growth and job market strength.It also said it will begin cutting holdings of bonds and other securities this year.The Dow Jones closed up 0.22% at 21,374.56, while the...

  • 14 June 2017 From the section Beds, Herts & Bucks Image copyright Hybrid Air Vehicles Image caption The Airlander 10 took off at 18:15 BST on Tuesday The world's longest aircraft has successfully completed its fourth test flight, reaching the highest altitude it has attained so far.The Airlander 10 - a combination of a plane and an airship - took off at 18:15 BST on Tuesday near its base at...

  • 14 June 2017 From the section Business Image copyright Getty Images Image caption Soya bean-based foods cannot be given dairy-style names Plant-based foods cannot be sold in the European Union using terms such as milk, butter and cheese, the European Court of Justice has ruled. The ECJ was ruling in a case referred to it by a German court and involving German food company TofuTown.The company...

  • By Kevin Peachey Personal finance reporter 14 June 2017 From the section Business comments Image copyright Getty Images One in 10 clients of a debt charity have no bed to sleep in and eight in 10 say their financial situation leads to sleepless nights.A review of visitors to Christians Against Poverty also found that three-quarters of them were afraid to open their post.The charity said that the...

  • By Leo Kelion Technology desk editor 14 June 2017 From the section Technology Image copyright Getty Images Image caption Reuters says an unpublished Pentagon report raises concern that China is gaining access to sensitive technologies The Pentagon has raised concerns about China's access to artificial-intelligence-based technology developed in the US, according to Reuters.The news agency says a...

  • 14 June 2017 From the section Business comments Media playback is unsupported on your device Media captionThe BBC's Andy Verity on the latest jobs figuresThe amount of money workers are taking home continues to fall as inflation takes its toll, official figures show.Average earnings fell in real terms by 0.6% in three months to April, compared with the same period last year.Before inflation,...

  • By Kevin Peachey Personal finance reporter 14 June 2017 From the section Business Image copyright PA Care homes may be charging families for extended periods after a resident has died as well as large upfront fees, a competition inquiry has revealed.The concerns emerged from the initial findings of a review by the Competition and Markets Authority (CMA) which began in December.The CMA has now...

  • 14 June 2017 From the section Business Image copyright Getty Images Volkswagen is to provide a two year guarantee for the cars in Europe fitted with emissions cheating devices which it agreed to modify.A number of UK consumers have complained that the modifications have affected performance and reliability.The two year guarantee will cover exhaust and emissions control parts.The European...

  • The insurance market has seen over $5bn of value on bonds after Donald Trump's victory in the race for the White House, with American International Group and Travelers among the hardest-hit companies. Currently the yield on debt is usually exempt from federal taxes. However this benefit could effectively be cancelled out if Trump decides to lower corporation tax. If the current corporate tax rate...

  • 14 June 2017 From the section Business Image copyright Getty Images The US Federal Reserve has said it would raise its key interest rate by 0.25%, the second rise this year.The central bank voted to raise its key rate target to a range of 1% to 1.25%.That's the highest level since 2008, when policymakers cut rates to encourage borrowing and spending after the financial crisis.The bank also said...

  • 13 June 2017 From the section Business Image copyright Getty Images Japanese electronics giant Toshiba says it is facing a fresh lawsuit from another group of foreign investors seeking damages following its $1.2bn accounting scandal. The company says it has now been served with 26 complaints in total, demanding nearly $1bn in compensation. Last month, Toshiba warned it could collapse because of...

  • Oil market is increasing optimism that the Organisation of Petroleum Exporting members and other major oil-producers are able to implement the agreement on the oil production decline. "Brent" price falls on Tuesday after Monday experienced growth, while WTI, which did not trade on Monday, the price increases. In European stock exchange on Monday there was no common trend, while banks shares price...

  • 13 June 2017 From the section Business Image copyright Reuters Heineken has been told to address fears that its purchase of around 1,900 pubs from Punch Taverns could affect competition in some areas.The Competition and Markets Authority (CMA) said it had identified 33 local areas where pubs would not face sufficient competition after the deal.Heineken, which already owns 1,100 pubs, must submit...

  • 13 June 2017 From the section Business Image copyright AFP Visitors have stayed away from major tourist attractions in the wake of recent terror attacks, according to the London Eye and Madame Tussauds owner.Merlin Entertainments, which also runs the Legoland theme park, also warned that numbers could continue to fall.Bosses said before the attacks foreign tourists had been flocking to the UK to...

  • 13 June 2017 From the section Business Image copyright ERIC PIERMONT/AFP/Getty Uber boss Travis Kalanick plans to take time away from the company, and could return in a diminished role.The move follows recommendations from a review of management and practices at the firm, which is facing a number of scandals.The review was sparked by a former employee's claims the company ignored her complaints...

  • By Jonty Bloom Business correspondent, BBC News 13 June 2017 From the section Business comments Related Topics Brexit Image copyright Reuters The government should rethink its Brexit strategy, following last week's election, according to the engineering industry organisation, the EEF.It said without a more pro-business stance, the resulting political instability may force more firms to alter...

  • 13 June 2017 From the section Business Image copyright Pool/Getty The Trump administration has said it wants to ease oversight of smaller banks and curb the Consumer Financial Protection Bureau's powers.The report from the Treasury Department outlined administration priorities for rolling back rules imposed on the financial sector after the 2008 crisis.It comes just days after the House of...

  • According to Garrett Rogers of Losway Wealth in London, November saw a explosive jump in jobs creation in small part due to the US presidential election. According to a report Wednesday from Moody's Analytics. Private companies added a net 236,000 positions during the month, smashing the 165,000 estimate from economists surveyed by the WSJ. "The labor market feels very strong" Garrett Rogers,...

  • Wealth manager Robert Hillman of Losway Wealth was asked how he sees the markets progressing over the next few months. What are your thoughts on the current Forex market conditions? Today, currency traders are still focusing strongly on fundamental analysis as the primary determinant of future currency pair values. This is because the market is still feeling the effects from the last financial...