US home sales at two-year high

19 September 2012 Last updated at 10:36 ET Sales of previously owned US homes reached their highest level for more than two years in August, figures show. Prices for such homes also rose, according to figures from the National Association of Realtors (NAR). The figures added to the picture of an improving US housing market, although the number of first-time buyers fell back from 34%...

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Facebook trials mobile ad system

19 September 2012 Last updated at 15:04 Facebook is testing a system that allows it to make money by placing adverts for other companies on third-party apps and mobile web pages. The placements, on Apple iOS and Android-powered devices, are based on data held by the social network about users and the links they have "liked". The company said it was "a small test" limited to the US....

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DHL workers to take strike action

19 September 2012 Last updated at 07:37 ET Workers at Cumbernauld-based DHL Supply Chain are to take strike action in a dispute over pay and the site's future. The Unite union said more than 350 workers had rejected a pay offer amounting to an annual 2% increase for two years. It added workers were concerned about the future of the Westfield site after key contractor Marks and Spencer...

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Trump 'advert complaints' upheld

Complaints about newspaper adverts commissioned by the Trump Organisation showing broken and rusting wind turbines under the headline 'Welcome to Scotland' have been upheld. A picture in the Press and Journal newspaper showed the turbines, with a disclaimer admitting it was not taken in Scotland. It was not enough to save the advert from criticism from the Advertising Standards Authority...

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FSA 'concerns' about Bob Diamond

19 September 2012 Last updated at 09:02 ET The UK's financial regulator has said it warned Barclays two years ago that Bob Diamond could be unsuitable to be appointed chief executive of the bank. Newly-published letters reveal that the Financial Services Authority felt its investigation into the Libor rate-rigging scandal was relevant. The FSA said it could not prejudge the appointment,...

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BoE sees worse inflation outlook

19 September 2012 Last updated at 07:21 ET Bank of England policymakers think inflation is set to slow less rapidly because of higher oil costs and possible food price rises. Minutes from the latest meeting of the Monetary Policy Committee (MPC) showed that they felt inflation was unlikely to slow as it had forecast in August. They also showed all nine MPC members voted to hold rates...

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Asos enjoys sales boost from US

19 September 2012 Last updated at 07:17 ET Online fashion retailer Asos says a big increase in demand from US customers helped sales grow 31% in the three months to the end of August. Overall sales increased to £141m in that period, up from £107.4m, but 65% of the sales increase came from the US. The company said that sales outside the UK, European Union and the US jumped 53% to...

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Amount paid in bonuses hits £37bn

19 September 2012 Last updated at 06:18 ET The amount paid in bonuses to UK employees in the year to end-March rose 3% to £37bn - about £1,400 per worker - according to official figures. Staff in the finance and insurance sector received £13bn of the total, 9% down on the previous year, the Office for National Statistics (ONS) said. However, the finance sector received 36% of all...

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Lonmin shares rise after pay deal

19 September 2012 Last updated at 05:13 ET Continue reading the main story Shares in Lonmin jumped 9% in the first 20 minutes of trading in London, after the firm signed a pay deal with striking miners in South Africa. The deal brings to an end a strike lasting nearly six weeks at the Marikana mine in Rustenburg. The miners, who are mostly rock drill operators, cheered when they...

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Workers turn away from pensions

19 September 2012 Last updated at 04:59 ET The number of people actively paying into a workplace pension scheme dropped for a third consecutive year in 2011, official figures show. Some 8.2 million people were active members of pension schemes at work, down from 8.3 million the previous year, the Office for National Statistics said (ONS). The fall came from a dip in membership in the...

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