Music boss tops Britain’s rich list
Craig TaylorWarner Music owner Len Blavatnik is Britain’s richest man with a £13.17bn fortune, taking top spot from the Hinduja brothers, according to the Sunday Times. BBC News – Business
Business
HSBC considers moving HQ out of UK
HSBC says it is considering whether it should move its headquarters out of the UK, following “regulatory and structural reforms” in the banking industry. BBC News – Business
Petrobras corruption costs hit $2bn
Petrobras takes a $ 2bn charge related to corruption costs, contributing to a $ 7bn loss for the Brazilian oil firm for last year. BBC News – Business
Banks face competition over accounts
The big four High Street banks are under pressure to offer current account perks as competition in the sector appears to be picking up. BBC News – Business
Item Club predicts UK growth of 2.8%
Low inflation and stronger eurozone growth should help the UK economy expand 2.8% this year despite political uncertainty, says an EY Item Club report. BBC News – Business
UK monitoring French nuclear issue
Britain’s nuclear safety regulator says it expects lessons to be learned from problems with a French reactor that is very similar to one planned in the UK. BBC News – Business