20 December 2014 Last updated at 07:23 ET

Jobs go as Pelamis sale bid failsPelamis wave generation device

The remaining staff at a collapsed wave power company are to lose their jobs after no buyer was found for the business.


Shoppers on London's Oxford StreetMillions shopping on 'Panic Saturday'

UK shoppers are expected to spend a record £1.2bn buying Christmas presents and groceries on what researchers are calling "Panic Saturday".

Rig in north seaNorth Sea oil fears 'too dramatic'

A leading figure in the UK's oil industry, Sir Ian Wood, tells the BBC warnings the industry is close to collapse are overstating the problem.

Our Experts

Douglas Fraser Article written by Douglas Fraser Douglas Fraser Business and economy editor, Scotland

Catching a wave of failures

With the collapse of Pelamis Wave Power, the Scottish government is taking on the cutting edge technology. It faces big financial and technology challenges. So how much does it tell us about Scottish industrial strategy?

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Robert Peston Article written by Robert Peston Robert Peston Economics editor

Richer at last?

How significant is today's confirmation that earnings are at last rising faster than inflation?

Read full article

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