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BBC News - Business - UK Edition 

Power firms to get £1bn to stay open

Power generation firms are to receive close to £1bn to ensure their plants stay open and prevent the lights going out in the coming years.

North 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.

Bank fine reduces public borrowing

A bank fine of £1.1bn for manipulating currency markets has helped government borrowing figures in November, official figures show.

Wonga customer wins fees challenge

Payday lender Wonga will refund the fees and interest charged to a customer whose outstanding loan has already been written off.

Two US states sue over marijuana

Nebraska and Oklahoma are asking the US Supreme Court to nullify a 2012 law that made marijuana legal in the US state of Colorado.

Asia shares follow US stocks higher

Markets in Asia rise in the wake of US markets' overnight records - inspired by Wednesday's apparent hardening of the US's stance on interest rates.

HK tycoon found guilty of corruption

Hong Kong property tycoon Thomas Kwok and a former government official have been found guilty in the city's biggest-ever corruption case.

Thai tuna firm buys US rival

The world's largest canned tuna producer Thai Union Frozen Products is buying US rival Bumble Bee Foods for $1.5bn (£96m).

China revises up 2013 economy size

China revises up the size of its economy in 2013 by 3.4%, which works out to about the size of Malaysia's economic output.

US stocks continue Fed-driven rally

US stocks close at record highs on Thursday, with the Dow Jones surging over 400 points, continuing a rally sparked by the Federal Reserve the day before.

Aer Lingus rejects bid by BA owner

British Airways owner IAG says that Irish carrier Aer Lingus has rejected its takeover offer.

Apple 'failing to protect workers'

Poor treatment of workers in the Chinese factories which make Apple products is discovered by an undercover BBC Panorama investigation.

Part of Volcker rule delayed by Fed

The US Federal Reserve gives Wall Street banks even more time to comply with parts of the Volcker Rule, a key part of the reforms introduced by Congress following the financial crisis.

Swiss interest rate to turn negative

Switzerland's National Bank will bring in a negative interest rate cutting the value of any money left on deposit in the country.

Oil price fall forces firm revamp

A Canadian company operating in the North Sea has been forced to restructure its debt following the fall in oil price.

Putin seeks to ease economic fears

President Vladimir Putin seeks to ease fears over Russia's economy, insisting that the dramatic fall in the rouble will stabilise.

Fall in oil prices 'temporary'

Recent falls in the price of oil are likely to be temporary, says the oil minister for Saudi Arabia, Opec's biggest producing nation.

Nick Hewer to leave The Apprentice

Lord Sugar's adviser on The Apprentice Nick Hewer announces he is to leave the BBC One show after a decade.

'Tax shock' from Christmas party

Employers could scupper the season of goodwill by leaving their staff exposed to a tax charge after their Christmas party, accountants warn.

Disabled 'missing out' on scheme

Substantial numbers of disabled people are missing out on government support to help them into work, a group of MPs say.

Number in debt to energy firms rises

About 6% of domestic energy customers were in debt to their supplier in 2013, figures show, but energy firms still owe money to customers too.

Mortgage lending dip 'continues'

UK mortgage lending in November returned to the level seen a year earlier, lenders say, offering more evidence of a post-summer slowdown.

Retail sales boosted by Black Friday

UK retail sales rose at their fastest annual rate in more than 10 years in November, thanks to the effects of Black Friday.

US Fed 'patient' over rate rises

US Federal Reserve says it will be "patient" in deciding when to raise interest rates, with most analysts expecting a rise in mid-2015.

Russia plans new action over rouble

Russia says it is planning new measures to stabilise the rouble after its slump against the dollar.

Building the biggest baby food firm

How Paul Lindley, the boss of Ella's Kitchen, built up the UK's largest baby food business.

Unwrapping Africa's red tape

Malawian business tycoon Mike Mlombwa tells the BBC how to deal with red tape and stay on the right side of the law when doing business.

The value of celebrity endorsements

A growing number of small firms are boosting sales thanks to securing celebrity endorsements, but doing a deal with a famous figure doesn't necessarily guarantee success.

SPFL withholds Gers cash over EBTs

The SPFL is to withhold £250,000 due to Rangers for broadcast fees to cover a fine relating to employee benefit trusts.

Fifa dismisses Garcia complaint

Fifa dismisses a complaint from its own World Cup corruption investigator Michael Garcia as well as two whistleblowers.


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