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The latest business news headlines

Economy 'bigger than early 2008'

Economy 'bigger than early 2008'

The UK economy is now 2.7% bigger than at its pre-recession peak and also grew more strongly in the second quarter of the year than thought, official figures showed.

Wonga profit hit by £18m letter row

Wonga profit hit by £18m letter row

Profits at payday lender Wonga more than halved last year after it racked up £18.8 million in costs relating to a scandal over fake legal letters.

Next sales alert amid Indian summer

Next sales alert amid Indian summer

Fashion retailer Next has warned that it will have to lower its profits guidance for this year if the Indian summer continues throughout October.

RBS reduces bad loans provision

RBS reduces bad loans provision

Stronger economic conditions are boosting the recovery at Royal Bank of Scotland after it cut the amount of money it is setting aside to cover bad loans.

Osborne defends austerity measures

Osborne defends austerity measures

The Chancellor has defended his austerity measures, saying they are necessary to avoid another economic crash which would make the lives of poorer families worse.
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Sainsbury's facing new sales blow

Sainsbury's facing new sales blow

New Sainsbury's boss Mike Coupe is expected to report the supermarket chain's third successive quarter of declining sales when he delivers his first trading update as chief executive tomorrow.
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Wolseley posts sluggish UK sales

Wolseley posts sluggish UK sales

Plumb Center and Pipe Center owner Wolseley reported flat UK annual sales today as its key housing repair market remained sluggish.
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Stamp duty takings surge by £1.5bn

Stamp duty takings surge by £1.5bn

Stamp duty takings from the sales of UK homes have surged by more than £1.5 billion year-on-year as the property market has moved into recovery, official figures show.
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Account numbers considered in probe

Account numbers considered in probe

An investigation into whether more people could be tempted into switching their current account if they were allowed to take their existing account number with them has been launched by the City regulator.
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Saga set to target new markets

Saga set to target new markets

Saga, the over 50s insurance group, is plotting its entry into a series of new markets as it looks to boost growth in the wake of its stock market flotation.
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