Bombardier wins £1bn Crossrail deal
Craig TaylorBombardier has won a £1bn contract to provide trains for the London Crossrail project, the government announces. BBC News – Business
Business
Microsoft names Nadella as new boss
Technology giant Microsoft announces Satya Nadella will succeed Steve Ballmer as its chief executive, with Bill Gates becoming a “technology adviser”. BBC News – Business
Lloyds PPI bill rises by £1.8bn
Lloyds Banking Group says it is increasing its provision for the mis-selling of payment protection insurance (PPI) by another £1.8bn, bringing the total to nearly £10bn. BBC News – Business
Premier League sets transfer record
Player spending this season by Premier League clubs sets a new record of £760m, football finance experts from Deloitte say. BBC News – Business
Wage fall trend ‘longest since 1964’
Real wages have been dropping consistently since 2010 – the longest period of falls for at least 50 years, official figures show. BBC News – Business
US Fed further tightens stimulus
The US Federal Reserve reduces its monthly bond purchases from $ 75bn to $ 65bn in the second straight month of winding down stimulus efforts. BBC News – Business