Pound and property shares head lower


Here is the latest Business News from the BBC.

Pound and property shares head lower
The pound falls sharply, and property shares drag the FTSE 100 lower after Standard Life Investments suspends trading in its UK property fund.

Persimmon remains confident despite Brexit uncertainty
Housebuilder Persimmon says it is too early to judge the effect of Brexit on the housing market as it reports strong trading in the first half of the year.

India’s “unbanked” resist push for them to get accounts
The Indian government is trying to get more people to hold basic bank accounts but their plan appears to be stumbling.

South Korea launches first Internet of Things network
South Korea launches its first commercial, low-cost Internet of Things network which helps devices talk to each other, making the country even more connected.

Silver and gold surge as investors seek safe haven
Silver is trading at its highest price in more than two years as investors put their money into perceived safe havens such as precious metals.

Bank in the hand
Financial technology – or fintech – companies are shaking up banking, but do we trust start-ups yet with all our cash?

Extreme makeover
Richard Umbers, the new chief executive of Myer, explains how he is trying to reinvigorate the 116-year-old Australian retailer.

The importance of change in business
What’s the best way to keep a company’s spirit alive while at the same time trying to modernise it?

Businesses urge action on EU workers and infrastructure
Business groups call on the government to push ahead with infrastructure projects and provide reassurance for EU workers living in the UK following the Brexit vote.

Business pessimism ‘doubles after Brexit vote’
The share of businesses that feel pessimistic about the future of the UK economy doubled in the week after the Brexit vote, research seen by BBC Newsnight suggests.

Dominic Chappell: My BHS money was ‘drip in the ocean’
The former owner of BHS, Dominic Chappell, has defended the money he took out of the company as a “drip in the ocean”, in an interview with BBC Newsnight.

Dominic Chappell: My BHS money was ‘drip in the ocean’
The former owner of failed high street retailer BHS has described the £2.6m he took out of the company as a “drip in the ocean” in an interview with BBC Newsnight.

What happens to EU funding?
Billions of pounds of EU funding has been earmarked for projects to create jobs and growth across England over the coming years. Now the UK is heading for the exit, what happens next?

Why a £358 washing machine costs £1,092
In an exclusive report for the Victoria Derbyshire programme, former Labour leader Ed Miliband investigates rent-to-own companies and says he wants them to be regulated like pay day loan firms.

Robot arm wins Amazon’s tech award
A mechanical arm created by a Dutch team of roboticists wins Amazon’s Picking Challenge award.

Ask.fm changes hands once again
The Q&A-based social network Ask.fm is under new ownership, less than two years after it last changed hands.

RBS boss Ross McEwan says Brexit vote ‘could delay sale’
The head of RBS warns that the sale of the UK government’s stake in the bank could be delayed a further two years by the recent Brexit vote.

Standard Life suspends trading in UK property fund
Standard Life Investments suspends trading in its UK property fund for first time since the financial crisis due to higher withdrawals following the Brexit vote.

Sucking robot arm wins Amazon Picking Challenge
A robot arm that combines a suction cup and a “two-fingered” grip wins Amazon’s warehouse robot competition.

Italy’s Monte dei Paschi Siena bank hit by loan fears
Shares in Italy’s third-biggest bank, Monte dei Paschi di Siena, slump after the European Central Bank tells it to reduce its debt burden.

Real Madrid among Spain clubs ordered to repay state aid
The European Commission orders seven football clubs in Spain to repay millions of dollars of illegal state aid.

Inside track
Few of us may have known about Libor before it hit the news in 2012 when Barclays was fined and its chief executive resigned – but it has affected most of our financial lives.

Electric car pioneer Tesla misses production targets
US electric carmaker Tesla says it will fall short of its annual shipment targets, sparking worries about its production capabilities.

Extra Energy to be investigated after customer complaints
Extra Energy, one of the new small energy companies, is to be investigated by regulator Ofgem after a large number of customer complaints.

UK construction performance weakest for seven years in June
The UK’s construction industry experienced its weakest performance for seven years last month, according to a closely watched survey.

Sainsbury’s to close Netto stores
UK supermarket chain Sainsbury’s is to close its Netto stores, putting 400 jobs at risk, after abandoning a joint venture with a Danish retailer.

Three convicted in Libor rigging trial
Three former Barclays employees found guilty of rigging Libor interest rate between 2005 and 2007.

Hovercraft boss: Brexit vote has ‘brought new enquiries’
Emma Pullen, boss of the British Hovercraft Company, says the Brexit vote has brought new enquiries to her business and is now planning a big export drive.

Uniqlo owner suspends Bangladesh travel after terror attacks
Fast Retailing, the owner of Japanese clothing brand Uniqlo, halts non-essential travel to Bangladesh following the country’s worst terror attack.

Amended Southern rail timetable ‘loses 350 trains a day’
Southern Rail is to axe 350 services a day under an amended timetable drawn up in response to ongoing disruption, a union claims.

Small firms’ confidence at four-year low before Brexit
Confidence among small firms was at a four-year low even before the vote to leave the EU, according to a survey from the Federation of Small Businesses.

FTSE 100 steady as miners gain but FTSE 250 falls
The FTSE 100 index rises slightly, helped by strength among mining shares, but the more UK-focused FTSE 250 falls.

My Shop: Entrepreneur’s fears for her Polish deli empire
As part of the My Shop series, BBC News profiles an entrepreneur in Peterborough who sees her Polish deli empire under threat from the EU referendum result.

Electrifying rhythms
Sudha Kheterpal, percussionist with the band Faithless, explains how she was inspired to make a musical instrument that can generate electricity.

Release your inner child

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