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The latest business news headlines

Mortgage rates drop to new lows

Mortgage rates drop to new lows

Mortgage lenders have trimmed more of their rates down to rock bottom lows as the battle for home owners' business hots up in the run-up to Christmas.

Disabled work placements urged

Disabled work placements urged

High profile entrepreneurs have backed a Government drive to get every British business to take on someone with a disability for a work placement next year.

Missed target costs power firm £28m

Missed target costs power firm £28m

Britain's single largest power generator is to pay a record penalty of £28 million after it failed to meet a target on helping poor households save energy.

Tesco executives 'leave company'

Tesco executives 'leave company'

Tesco is reported to have parted company with three of the eight executives who were asked to step aside amid its probe into a £263 million accounting black hole.

Slump in oil stocks hits FTSE

Slump in oil stocks hits FTSE

A slump in oil stocks put pressure on the FTSE 100 Index today in the wake of Opec's decision to keep pumping crude at existing levels.
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Pennon upbeat despite profits fall

Pennon upbeat despite profits fall

The owner of South West Water has seen profits fall as a result of a freeze on bills and stiff competition at its waste management business.
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Ireland to repay IMF loan early

Ireland to repay IMF loan early

Ireland is to repay almost 40% of its International Monetary Fund (IMF) loan early.
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FTSE 100 flat despite oil pressure

FTSE 100 flat despite oil pressure

The FTSE 100 Index struggled for direction today as sliding oil prices pushed heavyweights such as BP and Royal Dutch Shell lower but delivered more cheer for travel stocks.
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Malaysia Airlines sorry for tweet

Malaysia Airlines sorry for tweet

Malaysia Airlines has said its loss widened in the last quarter, and was forced to apologise for a promotional tweet criticised as insensitive after two deadly passenger jet disasters this year.
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Cable policies 'economic tinkering'

Cable policies 'economic tinkering'

The coalition's industrial strategy is little more than "economic tinkering" that will fail to tackle the trade deficit, according to a report.
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