London shares lose 5% during 2015
Craig TaylorThe 100 share index has ended the year lower than it started, for the fourth time in the past 10 years. BBC News – Business
Business
Banking inquiry shelved by regulator
The City regulator, the Financial Conduct Authority, has shelved plans for an inquiry into the culture, pay and behaviour of staff in banking. BBC News – Business
Fines for nuisance calls up threefold
Information Commissioner’s Office (ICO) issues three times more fines against nuisance call firms. BBC News – Business
Saudi Arabia deficit swells on oil
Saudi Arabia’s budget deficit soars to $ 98bn this year as the world’s biggest oil exporter counts the cost of falling crude prices. BBC News – Business
Nine UK banks launch fee-free accounts
Nine High Street banks and building societies in the UK are to launch basic bank accounts which will not charge a fee for missed payments. BBC News – Business
Christmas Day online shop set for record
Shoppers are set break a new record and spend more than £700m online during Christmas Day, experts predict. BBC News – Business