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Spring News 2010

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BBC Business News

BBC News - Business
The latest stories from the Business section of the BBC News web site.


Housing group 'near administration'
Connaught, the property services group that specialises in social housing, is on the brink of going into administration, the BBC learns.


Scam fear over electricity credit
Criminals have managed to clone prepayment meter keys in order to make money by offering discounted credit to customers.


School clothes boost retail sales
Retail sales rose in August, partly thanks to strong sales of children's clothing ahead of the new school year, figures suggest.


BA boss reveals takeover ambition
British Airways and Iberia draw up a shortlist of 12 airlines which the firms hope to buy or merge with.


Demand for Equitable Life payout
Pensioners hit by the Equitable Life scandal are making a final attempt to persuade the government to pay them full compensation.


UK car sales suffer sharp decline
New car sales fell 17.5% in August - the second consecutive month of declines, says the Society of Motor Manufacturers and Traders.


Tax holiday for UK firms kicks in
A scheme offering up to 400,000 new firms a chance to trim their tax bill has come into effect.


UK mobile firms to merge networks
Customers of Orange and T-Mobile will soon be able to hop between the two mobile networks as the firms merge their networks.


Obama unveils $50bn building plan
President Barack Obama announces a $50bn infrastructure plan as part of efforts to jump-start the faltering US economy.


Union warns BA of fresh strikes
Union leaders warn BA faces fresh strike action by cabin crew unless a settlement is reached to end the long-running dispute.


Chinese pilots lied about records
China is checking the qualifications of all its commercial pilots, after it emerged that more than 200 of them lied about their experience.


Need to cut deficit 'supported'
Many people are in favour of reducing the deficit but they are less clear about where cuts should be made, a BBC poll suggests.


Tube workers begin 24-hour strike
Severe disruption is expected on London Underground as the first workers begin a 24-hour strike.


SA public sector strike suspended
South African trade unions suspend a nationwide strike which has paralysed schools and hospitals for 20 days.


End UK rebate - EU budget chief
The EU budget commissioner says he sees no grounds for the UK to keep its budget rebate.


Six million facing new tax bills
HM Revenue and Customs says some 1.4 million people each owe about £1,500 in tax, while 4.3 million will get an average rebate of £418.


Shift in home loan availability
The cost of mortgages is continuing to fall and they are becoming more accessible to some borrowers, figures show.


Bank customers in 'dire poverty'
Banks are accused of leaving some customers in "dire poverty" after taking money out of their accounts without permission.


Overseas demand 'boosts UK firms'
Rising overseas demand has created buoyant conditions for manufacturers in the UK, an industry report suggests, though threats remain.


Germany extends nuclear lifespan
Germany's government agrees to extend the life span of the country's nuclear power plants by an average of 12 years, officials say.


Russia signals end to export ban
Russia's grain export ban will be lifted as soon as it is clear how much has been harvested, Russian President Dmitry Medvedev has said.


Buzz lawsuit to cost Google $8.5m
Google proposes paying $8.5m (£5.5m) to settle a class-action lawsuit brought over its Buzz social network, launched earlier this year.


Kabul Bank is offered state aid
Afghanistan's central bank promises to back Kabul Bank as customers continue to take out their savings.


Russia's Severstal back to profit
Severstal, Russia's largest steel producer, returned to profit in the last quarter, but missed analysts' expectations.


Rovers takeover man left UK debts
The Indian businessman hoping to buy Blackburn Rovers, Ahsan Ali Syed, left a trail of debt from his time in the UK, 5 live Investigates reveals.


Delhi loses patience with Commonwealth Games
The Commonwealth Games were meant to showcase Delhi, but the Indian capital is struggling to be ready on time amid accusations of poor planning, reports the BBC's Geeta Pandey.


Hawk-Eye firm lined up for sale
The British company behind the Hawk-Eye ball-tracking technology used in tennis and cricket is to be put up for sale.


BA boss reveals takeover ambition
British Airways and Iberia have drawn up a shortlist of up to 12 airlines which they hope to buy or merge with once their own tie-up has been completed.


Savvy tourists bag Ramadan deals
Since the credit crunch Dubai has been attracting tourists with massively discounted prices at luxury hotels but during the Muslim fasting month of Ramadan the city is having to work even harder to entice tourists.


Equitable Life compensation bid
Pensioners hit by the Equitable Life scandal are to make a final bid to persuade the government to pay them full compensation.


What next for Anglo Irish Bank?
The Irish Finance Minister will meet the EU Competition Commissioner Joachim Almunia today to discuss the fate of the collapsed Anglo Irish Bank.


Wheat worries after Russia fires
Poor grain harvests around the world, and especially in Russia, have seen a steady rise in prices


Need to cut deficit 'supported'
Many people are in favour of taking steps to reduce the government deficit but they are less clear on where spending should be cut, a poll commissioned by the BBC suggests.


Equitable Life saver 'feels cheated'
Pensioners hit by the Equitable Life scandal are to make a final bid to persuade the government to pay them full compensation.


Tourism near the Gaza border
At the Zikim Kibbutz, near Ashkelon in southern Israel, tourists come in to see what life is like living just a short distance from the Gaza border.


Past is the future
The lacemaking factory going back to traditional methods to survive


Crystal ball gazing
Experts make their predictions on house prices


Spending review
What it is, how it works, the key arguments


Starting up
How Silicon Valley's 'rich ecology' works


Merger mania
Banks benefit, but what about the real economy?


Anglo Irish woe
Fate of Dublin-based Anglo Irish Bank tops the EU agenda


Massive Mini
How far can BMW stretch the brand before it snaps?