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Times Online January 30, 2008

BUSINESS BULLETIN

Dear Reader

Visit Times Online today for dynamic business news and views, market charts and sector analysis, plus your chance to comment.

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Today's top stories

Plans for a new system for failing banks

Alistair Darling proposes to let regulators take control of failing banks in an attempt to avoid a repeat of the Northern Rock debacle

M&B up for sale after £390m property hit

Mitchells & Butlers signalled it was open to offers after taking a hit from an aborted £4.5bn venture with Robert Tchenguiz

'Million homeowners' face loan struggle

More than a million people will struggle to repay their mortgages if banks toughen lending criteria, the FSA warns

Cussons takes Sanctuary in £75m spa deal

The maker of Imperial Leather and Carex soap has acquired the world-famous Sanctuary spa with its health and beauty brand

OTHER HEADLINES
Analysis chevrons

The blame game at Mitchells & Butlers

M&B's board has rightly carried the can for the hedge fiasco but outside advisers have hardly covered themselves in glory
Markets chevrons

Eastern promise for Pru's followers

Prudential, Britain's second-largest insurer, revealed that its Asian division accounted for 45 per cent of new business

M&B takes £391m hit ... House prices slip ... Pru up

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