BUSINESS

iPhone networks in the UK are dropping 'unlimited' data plans after the new iPhone 4 launch in order to maximise its 3G performance..

The Confederation of British Industry (CBI) has announced that financial services growth remains 'muted' in its quarterly PricewaterhouseCoopers (PWC) survey.

Shares in Standard Chartered were down in morning trading on the FTSE 100 as an "upbeat" pre-close update was overshadowed by the prospect of greater regulation of the banking sector by the G20.

National leaders at the G20 summit in Canada have binned the idea of a global levy on banks and have committed themselves to cutting their national budget deficits, despite concerns from the USA and developing economies.

Leaders of the Group of Eight Industrialised Nations have ended their summit without an agreement on an international bank tax.

A third round of walkouts is to be balloted next Tuesday, 28t June as Unite, the Union receive a final offer from British Airways.

The US economy grew at an annual rate of 2.7% in the first three months of 2010, slower than previously estimated.

Shares in Berkeley Group Holdings were up on the FTSE 250 despite the property company reporting a drop in pre-tax profit of over eight per cent in the full year ended 30 April.

The Bank of England has told its banks to cut bonuses and reduce dividends to provide for a 'considerable' risk in the Eurozone.

The Confederation of British Industry has said that it welcomes the coalition government's decision to review the pension system.

'Friends Life' the new brand formed by Axa's UK Life and Pensions business merging with Friend's Provident has been announced today after Resolution acquired Axa's business for £2.75 bn.

Hector Sants, Chief executive of the FSA. has announced continuing reform under his tenure at the regulator's Annual General Meeting.

Buyout vehicle Resolution is to buyout the UK life assurance business for £2.75 billion. The deal, which includes the life insurance business, pensions business, Corporate and Annuities business is underwritten by Barclays Capital and RBC Capital Markets - and other shareholders of the buyout group.

Pre-tax profit at DSGi, owner of Currys electrical stores, increased 61 per cent in the full year ended 1 May, significantly lower than that expected by analysts.

The British Airways merger with Iberia, which is subject to a pensions recovery plan, now appears likely to go ahead because the company reached an agreement with pension trustees.

Shares in DSG International were up on the FTSE 250 and are a recommended "buy" ahead of tomorrows preliminary results, which are expected to show a significant rise in pre-tax profit.

Imagination Technologies, the chip designer, which licenses and sells its designs to Intel and Apple has fallen on the FTSE 250 today after announcing full year pre-tax profits of £10.2 million.

Minutes on the meeting for the Interest Rate decision revealed today show the BoE voted 7-1 in favour of holding rates at 0.5 pct.

Stagecoach Group, the rail and bus operator is looking towards a profitable year ahead after winning a dispute with the DfT earlier this year.

Yesterday's Emergency Budget by Chancellor George Osborne has been welcomed by business as "convincing" and "sensible" while Unions have condemned it as "hammering the poor" and "vintage Thatcher".

Kesa Electricals has beaten its profits targets as it reported full year profits of £81.9m - above the £75 million it had predicted for for the 12 months ended 12 April.

The new Coalition government of UK has set out its plans to cut the huge structural deficit that it faces since coming to power in the General Elections that took place earlier this year on 6th May.

The new Coalition government of UK has set out its plans to cut the huge structural deficit that it faces since coming to power in the General Elections that took place earlier this year on 6th May.

Budget airline easyJet has welcomed news in today's Emergency Budget, announced by George Osborne, that Air Passenger Duty will be reformed.

Shares in Kesa Electricals were up on the FTSE 250 and are a weak hold ahead of tomorrow's full year results, which are expected to show a rise in pre-tax profit of 10.5 per cent to around £77 million.

Join our live coverage of the first 'Emergency Budget' in a decade as Chancellor George Osbourne seeks to establish Britain's growth in a series of austere measures at taking away the taxing burdens of the UK's structural deficit as fast as possible.

Shares in Whitbread were up over three per cent on the FTSE 100 and are a "strong buy" after the group reported a rise in group like for like sales of 7.6 per cent in the 13 weeks to 3 June, while total group sales were up 13.5 per cent.

Once the full extent of the financial crisis in Greece became apparent, the governments of the EU, the European Commission and the European Central Bank, set about putting together a rescue package which eventually also took account of money market pressures against Portugal and Spain. Owing to several delays in getting this massive project under way, the money markets rapidly lost confidence in any determined action from the EU and Eurozone countries and had started to concentrate, not simply ...

Wal-mart's Asda supermarket chain, warned of continuing decline in consumer confidence today after announcing its like-for-like sales remained in retreat at 0.3 pct on last year.