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BBC News - Business

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

BBC News - Business

Bad weather hits retail sales again
UK retail sales in April were 1.3% lower than in March as bad weather continued to dent spending, official figures show.
Government borrowing revised down
The government borrowed slightly less than first thought in the 2012-13 financial year, the latest official figures suggest.
Apple's Tim Cook defends tax claim
Apple boss Tim Cook defends its tax strategy at a Senate hearing, after the tech giant is accused of being among America's largest tax avoiders.
HMRC to miss tax credit fraud target
The UK tax authority's failure to hit a target of reducing tax credit fraud and error has "cost the taxpayer dear", a committee of MPs says.
SAP in autism recruitment drive
German software company SAP says it hopes to recruit hundreds of people with autism, saying they have a unique talent for information technology.
Lloyds in 'strong capital position'
Lloyds Banking Group says it will be able to meet new capital requirements without issuing new shares or securities.
SSE profits up after cold weather
The cold weather helps energy supplier SSE to report a rise in profits, despite disruption from heavy snow and a fine from regulators.
Nationwide mortgage lending rises
The UK's largest building society, Nationwide, says its share of the mortgage market has reached a record high.
Microsoft unveils Xbox One console
Microsoft unveils the third generation of its video games console in an event at its headquarters at Redmond, Washington.
Cameron to push EU on tax avoidance
David Cameron is to urge EU leaders to back action against the tax evasion and "aggressive" tax avoidance he says is costing all nations.