Summary

  • Police are called to supermarkets across the UK as record crowds queue for "Black Friday" offers

  • Ofgem penalises energy suppliers for failing to implement energy efficiency schemes

  1. Postpublished at 12:58 Greenwich Mean Time 28 November 2014

    Joe Miller
    Business Reporter

    That's it from us for this week. See you bright and early on Monday for the start of a busy week, which will include the chancellor's final Autumn Statement before the next general election.

  2. Via Twitterpublished at 12:56 Greenwich Mean Time 28 November 2014

    Rory Cellan-Jones
    Technology correspondent

    tweets: "On @BBCTechTent: Europe v US tech giants, @DaveLeeBBC at a startup funeral, and taxi for Uber? India's rickshaw app promising a faster ride." You can listen to Tech Tent over at the World Service from 16:30 GMT.

  3. Oil price fallpublished at 12:44 Greenwich Mean Time 28 November 2014

    OilImage source, AFP

    After taking a beating overnight, the price of oil has steadied to $72.64 a barrel. The price had fallen after oil producing countries failed to take action at a crucial meeting in Vienna yesterday. Some had hoped that the 12 member states would agree to cut production in order to shore up prices.

  4. Black Fridaypublished at 12:30 Greenwich Mean Time 28 November 2014

    Eric Musgrave, editor of Drapers magazine, thunders in his column that, external "Black Friday's discount deals are as welcome as Japanese knotweed" and that "it will take a brave retailer with a cool head and deep pockets to maintain the dignity and good sense to resist this madness".

  5. Revenge evictionspublished at 12:14 Greenwich Mean Time 28 November 2014

    MPs are trying to change the law to stop landlords carrying out "revenge evictions" against tenants who complain about the state of their property. At the moment landlords can enforce a "no-fault eviction" in retaliation against someone who complains about dangerous or damp conditions - something more than 2,000 people are thought to have been affected by. Liberal Democrat MP Sarah Teather is leading efforts to change the law so landlords won't be allowed to evict a tenant for no reason within six months of receiving an improvement or hazard awareness notice.

  6. India expandspublished at 12:09 Greenwich Mean Time 28 November 2014

    In the second quarter (July -September), India's economy expanded by 5.3%. This was lower compared to the first quarter, when the economy grew by 5.7%.

  7. Black Fridaypublished at 11:43 Greenwich Mean Time 28 November 2014

    But Greater Manchester Police Chief Constable Sir Peter Fahy, has added: "Across Greater Manchester large supermarkets already make significant demands on policing through calls to shoplifting, anti-social behaviour and thefts of fuel from their petrol stations - much of which is preventable. We just ask these stores to work with us to reduce the demands on policing and reduce the risks of disorder and crime."

  8. Black Fridaypublished at 11:31 Greenwich Mean Time 28 November 2014

    A Tesco spokesperson has told the BBC: "Over 600 Tesco stores have Black Friday offers available in store. In the interest of customer safety a small number of these stores contacted police last night to help control crowds safely and stores are now trading normally."

  9. Black Fridaypublished at 11:16 Greenwich Mean Time 28 November 2014

    Greater Manchester Police, who were called to seven Tesco stores last night and made three arrests, are not happy. Chief Constable Sir Peter Fahy, said: "The events of last night were totally predictable and I am disappointed that stores did not have sufficient security staff on duty."

  10. Brazil's avoids recessionpublished at 11:07 Greenwich Mean Time 28 November 2014

    BrazilImage source, Getty Images

    Brazil's economy has recovered in the past three months - but only slightly. It expanded 0.1% - narrowly avoiding recession. In the previous quarter, it contracted by 0.6%.

  11. House pricespublished at 11:01 Greenwich Mean Time 28 November 2014

    Average UK house prices rose by just 0.1% in October, according to figures released by the Land Registry, external today. The average property was worth £177,377 in the month, it says. However, the Land Registry index, which is based on the prices at which properties are actually sold, also shows that UK prices rose 7.7% over the year. In London, they rose by 18.6% in the last 12 months.

  12. Via Twitterpublished at 10:52 Greenwich Mean Time 28 November 2014

    Jonty Bloom
    Business correspondent, BBC News

    tweets:, external "The number of people killed by cold weather last winter was the lowest since records began, official statistics show."

  13. Eurozone unemploymentpublished at 10:47 Greenwich Mean Time 28 November 2014

    EurostatImage source, Eurostat

    This graph shows how the unemployment rates in the eurozone, wider EU, the US and Japan compare since 2000. As you can see, the EU and US reached similarly high levels at the height of the financial crisis, but the US has fared a lot better since.

  14. Black Fridaypublished at 10:33 Greenwich Mean Time 28 November 2014

    Alan Cameron from Aberdeen emails: "Black Friday is designed to appeal to the worst off in society, and is about unashamedly exploiting naked greed and desires in society."

  15. Black Fridaypublished at 10:27 Greenwich Mean Time 28 November 2014

    Willard Foxton

    tweets:, external "Piketty's 'Capital in the 21st century' is 65% off in Amazon UK's Black Friday sale. Someone has a sense of humor!"

  16. Cameron immigration speechpublished at 10:22 Greenwich Mean Time 28 November 2014

    Mr Cameron gets to the crux of his speech. "I will insist that in the future those who want to claim tax credits and child benefit must live here and contribute to our country for a minimum of four years," he says. "If their child is living abroad, then there should be no child benefit or child tax credit at all no matter how long they have worked in the UK and no matter how much tax they have paid. And we will introduce a new residency requirement for social housing - meaning that you can't even be considered for a council house unless you have been here for at least four years."

  17. Black Fridaypublished at 10:19 Greenwich Mean Time 28 November 2014

    Retail analyst Nick Bubb says Black Friday is likely to "bring forward business from December, reduce gross margins and undermine consumer's willingness to pay full-price again before Christmas. It is therefore good to see that Next are thinking long-term and preserving their pricing power..."

  18. Eurozone unemploymentpublished at 10:15 Greenwich Mean Time 28 November 2014

    Separate figures show that the average rate of unemployment in the 18 countries in the eurozone remained at 11.5%, despite the economy's deterioration.

  19. Eurozone inflationpublished at 10:08 Greenwich Mean Time 28 November 2014

    A preliminary estimate for the level of inflation (that's the rise in the prices of everyday goods and services) in Europe shows a drop to 0.3% in November - down from 0.4% the month before. Falling oil prices accounted for much of that drop, but the slow creep toward deflation will add further pressure on the European Central Bank, which targets inflation of 2%.

  20. Cameron immigration speechpublished at 09:59 Greenwich Mean Time 28 November 2014

    "Put simply, our job is to educate and train up our youth, so we are less reliant on immigration to fill our skills gap," says the PM. "And any politician who doesn't have a serious plan for welfare and education, has no sensible long-term plan for controlling immigration."