Business News

BT offers staff the chance of long holidays in return for a big pay cut in a bid to reduce costs during the economic downturn.

A rogue trader at a London-based oil brokerage causes his employer to lose $10m (£6m) after making unauthorised trades.

British Airways says it is to reduce capital spending by 20% as it faces falling passenger numbers.

Chancellor Alistair Darling warns bankers it would be "disastrous" to repeat past mistakes - especially excessive bonuses.

Energy firm E.On will cut its gas prices for domestic customers by 3.3% - an average of £25 a year - from Saturday.

The UK is prepared to make loans or loan guarantees to help push through the sale of Vauxhall, says Lord Mandelson.

Homeowners in the UK paid back a record amount of their outstanding mortgage debt during the first three months of 2009.

Five European governments are due to sign an agreement on 13 July for a major new pipeline from Central Asia.

Tesco shareholders vote against a call to end the alleged exploitation of workers in firms supplying meat to the supermarket group.