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Times Online March 20, 2008

BUSINESS BULLETIN


Dear Reader

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Today's top stories

Malicious traders attempt to topple major bank

A deluge of false rumours forced the Bank of England to issue an unprecedented denial that HBOS was in financial difficulty

Cayne risks lawsuit over Bear Stearns

James Cayne, chairman of the stricken investment bank, risks being sued for breach of contract as he seeks a counter-offer

Crisis forces BNP Paribas to abandon takeover

Battle of the French banks called off as market turbulence forced BNP Paribas to walk away from a bid for Societe Generale

Scottish and Southern Energy price increases

Britain's second-biggest supplier is increasing its tariffs for 8.5 million customers by an inflation-busting 15.8 per cent

OTHER HEADLINES

Analysis chevrons

Trash'n'cash gang chips away at capitalism

Sudden share collapses are only usually triggered when companies issue dire profit warnings. HBOS had said absolutely nothing

Markets chevrons

Tempus: Smiths Group ... EasyJet ... Cape

Smiths Group's long-term turnaround ... EasyJet profits dragged down by fuel bill ... surging energy prices help Cape's shares

Asda's big plan ... Oil prices tumble ... Aegis profits up

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