Bank sues Ecclestone over F1 sale

19 December 2014 8.03pm.

German state bank BayernLB is suing Bernie Ecclestone and his family holding Bambino for around 345 million euros (£270m) in relation to the sale of its stake in Formula One.

Tidal energy project work to start

19 December 2014 7.31pm.

Construction of the largest planned tidal energy project in the world is expected to begin off the Scottish coast next month, developers have announced.

Ofcom probes Sky football demands

19 December 2014 7.31pm.

Ofcom has launched a consultation into the way Sky is obliged to offer key sports channels to pay-TV rivals under regulations described as "flawed" by the broadcaster.

  • FTSE has best week in three years

    19 December 2014 7.31pm.

    The FTSE 100 Index completed its best week in three years today - just a week after its worst in three years.

  • Reprieve shipyard starts ferry work

    19 December 2014 2.16pm.

    Steel has been cut for a new ferry to be built at Ferguson shipyard, the first major project since it was saved from closure earlier this year.

  • BlackBerry reduces loss, sales down

    19 December 2014 2.15pm.

    Canadian smartphone maker BlackBerry reported an adjusted profit for its fiscal third quarter, surprising Wall Street.

  • Black Friday boosts sales growth

    19 December 2014 2.15pm.

    Britain's "Black Friday" shopping surge saw retail sales grow at their fastest pace for nearly 27 years, CBI figures showed today.

  • Power auction 'guarantees energy'

    19 December 2014 11.00am.

    Electricity generators are to receive nearly £1 billion - at an average cost of £11 per household - to ensure enough power to meet peak demand in 2018/19.

  • Bank fines swell Treasury coffers

    19 December 2014 11.00am.

    Bank fines for rigging the foreign exchange market helped boost the public finances last month as George Osborne battles to meet annual deficit targets, official figures showed today.

  • Serco contract police probe dropped

    19 December 2014 11.00am.

    An investigation into Serco's handling of a £285 million prisoner escort contract has been dropped by City of London Police, the firm said today.

  • Rally completes strong week on FTSE

    19 December 2014 10.00am.

    A pre-Christmas rally today helped blue-chip shares complete their best week in three years as sentiment was buoyed by indications that the US Federal Reserve is in no hurry to raise interest rates.

  • Whyte and Mackay’s woes before buyout are revealed

    19 December 2014 8.06am.

    Pre-tax profit at Scottish whisky producer Whyte and Mackay fell by more than 50% in the year before the company was sold to Philippines-based brandy 
producer Emperador.

  • Scottish satellite data analytics firm closes fundraising before it gets “silly”

    19 December 2014 6.39am.

    Scottish headquartered earth observation analytics company Global Surface Intelligence yesterday said it had closed a new £775,000 funding round before it “got silly”.

  • Obama criticises Sony for film move

    19 December 2014 4.47am.

    Sony Pictures "made a mistake" in deciding to shelve a film about a plot to assassinate North Korean leader Kim Jong Un even though the studio suffered significant damage in a hacking attack the FBI blames on the secretive Communist regime, US President Barack Obama has said.

  • EU fund 'will kick-start economies'

    19 December 2014 4.03am.

    European Union leaders will create a strategic investment fund that could generate up to 315 billion euros (£249 billion) in private and public-sector money to upgrade infrastructure, jump-start sluggish economies and ignite job growth.

  • US stocks surge for second day

    18 December 2014 11.45pm.

    The Dow Jones industrial average had its biggest surge in three years today, rising sharply for a second day. The US Federal Reserve set off the rally a day earlier by indicating that it was in no hurry to raise interest rates.

  • Jeb Bush to step down from Barclays

    18 December 2014 9.00pm.

    Jeb Bush is stepping down from an advisory role with British banking giant Barclays.

  • £1.36bn clawed back from Iceland

    18 December 2014 7.15pm.

    The Treasury has recovered a further £1.36 billion from Iceland after its Landsbanki bank collapsed at the height of the financial crisis, forcing a taxpayer bailout for 230,000 savers in the UK.

  • Firms fined £746m over price-fixing

    18 December 2014 6.31pm.

    French authorities have fined 12 consumer goods makers £746 million after uncovering secret price-fixing practices involving well-known cleaning and hygiene products such as Vanish stain remover and Colgate toothpaste.

  • Aer Lingus spurns bid from BA owner

    18 December 2014 5.15pm.

    The owner of British Airways has made an approach to buy Dublin-based carrier Aer Lingus, it was revealed today.

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