Business

British Gas increases energy prices again

[ad_1] Image copyright Getty Images British Gas is to increase prices for 3.5 million customers, its parent company Centrica has announced.The 3.8% increase in its standard variable tariff (SVT) from 1 October means the average bill will rise by £44, taking it to £1,205 a year.This is the second increase this year, but Centrica said wholesale energy prices had risen since the last time.The SVT was withdrawn for new customers
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Paddy Power Betfair shrugs off £2 stake cut

[ad_1] Image copyright Getty Images Gambling firm Paddy Power Betfair has said it can withstand the government's plan to cut the minimum bet on fixed-odds betting terminals [FOBTs] to £2.The company made the statement as it reported a 4% rise in first half profits to £106m."Our shops are more profitable, and outperform on sports betting, enabling them to better withstand the impact of lower machine stakes limits," the company said.The
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Airbnb cancels Great Wall sleepover competition

[ad_1] Image copyright airbnb.com Image caption The Great Wall stretches for thousands of kilometres across northern China Airbnb has called off a competition offering to chance to spend a night on the Great Wall of China. The ad campaign asked people to write a 500-word essay on overcoming cultural boundaries and promised a "once-in-a-lifetime" opportunity for the winner.But the plan sparked mixed feedback and concerns that it could contribute to
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US sets date for additional China tariffs

[ad_1] Image copyright AFP The US plans to move forward with further tariffs on Chinese goods starting 23 August, its top trade negotiator has said.The 25% import taxes will apply to about $16bn (£12b.3bn) worth in annual imports, covering about 280 items, including chemicals and machinery.The duties are part of a broader round of tariffs on $50bn worth of goods the US announced in March.A first tranche, on $34bn worth
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Why GDP includes the illegal drugs trade

[ad_1] When it comes to our main measure for the economy, GDP, even the illegal drugs trade is included. When GDP goes up, it’s said the economy is growing, which is something governments like to show off about. Critics say GDP includes some things it shouldn’t.For more, check out this podcast from the series Economics with Subtitles on BBC Radio 4. [ad_2] Source link
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Battle over rail tunnels at Lord’s cricket ground rumbles on

[ad_1] Image copyright Getty Images Image caption England and India have already faced each other once at Lord's this year - in the ODI series As England's players prepare to step out at Lord's for the second Test against India, they will be unaware of a long-running wrangle rumbling away not far below their feet.It is a saga that stretches back nearly two decades, and involves a dispute over a
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Junk food advert ban for KFC and Kellogg’s

[ad_1] Image copyright kellogg Food giants KFC and Kellogg's have been told to remove adverts which promoted junk food to children, by the UK's advertising watchdog. The Advertising Standards Authority (ASA) says they broke strict rules on advertising high fat, sugar or salt products to children.The ASA found Kellogg's promoted a Coco Pops product, during a Mr Bean cartoon, likely to have been seen by children.It also ruled KFC advertised
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Saudi billionaire takes stake in Snap

[ad_1] Image copyright Reuters Image caption Saudi Arabian Prince Alwaleed bin Talal in 2013 Saudi billionaire Prince Alwaleed Bin Talal has taken a 2.3% stake in Snap, buying $250m (£194m) worth of shares in the social media company.The investment came as the company struggles to build investor confidence in its Snapchat messaging service.The number of daily active users fell 2% in the most recent quarter to 188 million, from 191
Business

Holiday money: How to get the most from your travel cash

[ad_1] Image copyright Getty Images The value of the pound is falling, which is bad news for anyone going on holiday in the next few months.The pound has fallen to its lowest rate against the dollar in 11 months, and in July the Moneycorp bureau at Stansted Airport was offering one of the lowest pound-to-euro rates ever seen.It's not exactly what you want to hear before a trip abroad -
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Arsenal: Shareholder Alisher Usmanov says he accepts rival Stan Kroenke’s bid for club

[ad_1] Kroenke (left) refused to sell to Usmanov in May 2017Arsenal shareholder Alisher Usmanov says he will accept rival Stan Kroenke's bid to buy him out for £550m and take full control of the club.American billionaire Kroenke owns 67% of Arsenal through his company KSE and announced on Tuesday he had made an offer to buy up the rest of the shares.Usmanov has confirmed he has agreed to part with
Business

Vulnerable households face energy price rise

[ad_1] Image copyright Getty Images The energy bills of five million of the UK's most vulnerable households are set to rise by £47 a year.Energy regulator Ofgem is raising its safeguard tariff because of higher wholesale energy costs.The tariff, which protects five million prepayment meter and vulnerable customers from being overcharged on poor value deals, will be £1,136 for dual fuel customers from 1 October.Energy suppliers must keep their prices
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Jewellery maker Pandora sees shares sink on sales downturn

[ad_1] Image copyright Getty Images Danish jewellery maker Pandora is to cut almost 400 jobs, after warning that full-year sales will be lower than expected.Shares were trading down by almost 20% in Copenhagen at 11:45 BST, the lowest level since May 2014. Pandora has suffered as less people visit shopping centres, especially in its key US market.Known for its charm bracelets, Pandora is the world's largest jeweller by production volume.Pandora
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Ola to challenge Uber in UK ride-hailing market

[ad_1] Image copyright Ola Indian taxi-hailing giant Ola is moving into the UK as it continues to challenge Uber around the world. The company, which was founded in 2011, has 125 million customers and already operates in 110 cities. It plans to start business in South Wales and Greater Manchester.Unlike Uber it will offer a choice of private hire vehicle or black taxi.It says it is working with local authorities
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UK house price growth accelerates, Halifax says

[ad_1] Image copyright PA UK house prices picked up last month, rising at the fastest annual pace since November, the Halifax has said.The lender says prices in the three months to July rose by 3.3% from a year earlier, with the average cost of a house hitting a record £230,280.Prices in July rose a stronger-than-expected 1.4% from the month before.Despite the rises, Halifax said housing activity remained "soft". It also
Business

The woman tackling child marriage with football

[ad_1] Image copyright Fatuma Abdulkadir Adan Image caption Fatuma Abdulkadir Adan is using football to break the silence around taboo subjects such as FGM "It would have been an easier option to stay in Nairobi, practise law and earn some good money, drive a cool Mercedes-Benz. But I just wanted to come back home."That was the life that Fatuma Abdulkadir Adan could have lived in Kenya's capital. Instead she chose
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Pubs closing at rate of 18 a week as people stay home

[ad_1] Image copyright Getty Images Pubs are continuing to struggle with 18 closing a week in the UK, according to the latest industry figures.The Campaign for Real Ale (Camra) said there were 476 closures in the first six months of the year, 13 more than in the last six months of 2017.Camra's chairman Jackie Parker said the high cost of drinking out meant more people were choosing to drink at
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Holidaymakers hit as pound falls

[ad_1] Image copyright Getty Images Tourists travelling overseas this summer could be in for a more expensive holiday thanks to a sharp drop in the value of the pound. Travellers are currently being offered $1.26 for each pound, according to exchange company Travelex.The pound earlier fell to its lowest level against the dollar for around 11 months.On the official foreign exchange market, the pound was down 0.6% at $1.2940, its