Business news The latest headlines
FTSE closes at 4163.6
The FTSE 100 Index closed down 6.4 points at 4163.6 after the Bank of England cut interest rates.
Woolworths: Paphitis says 'he's out'
Dragons' Den entrepreneur Theo Paphitis has said "he's out" after shelving plans to buy parts of collapsed high street store Woolworths.
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New car sales plummet 36.8%
New car sales in November were down 36.8 per cent on a year earlier, as the economic downturn continues to hit.
House prices down 16.1%
House prices are falling 16.1 per cent year-on-year based on the latest November figures, the Halifax has said.
House prices down 16.1%
House prices are falling 16.1 per cent year-on-year based on the latest November figures, the Halifax has said.
Morrisons reports leap in sales
Supermarket Morrisons has reported an 8.1 per cent leap in its third-quarter sales.
Nomura to cut up to 1,000 staff
Japanese securities giant Nomura Holdings Inc is to axe up to 1,000 staff in London.
FTSE closes at 4170
The FTSE 100 index closed 47.1 points higher at 4170 after a positive opening on Wall Street.
Northern Rock pledges six-month reprieve
Northern Rock has pledged to wait at least six months before repossessing the homes of people who have fallen behind with their mortgage.
Drug giant Glaxo to cut 200 jobs
GlaxoSmithKline has announced that 200 jobs will be axed at its Barnard Castle factory in Durham.
More news What else is going on?
Baby Faith still seriously ill
A baby girl is still seriously ill in hospital after her conjoined twin died following emergency surgery to separate them.
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Grandfather fights off Samurai robbers
CCTV footage has been released showing a 68-year-old shopkeeper fighting off Samurai sword-wielding robbers.
Israel evicts Jewish settlers
Israel's eviction of Jewish settlers from the West Bank city of Hebron has sparked violent reprisals.