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Times Online April 11, 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

Consumer crunch: Bank cuts rates, mortgages go up

The rate cut would normally bring the cost of mortgages down but four of the big banks ignored it and increased charges

EDF and RWE battle for British Energy heats up

Electricite de France is planning an offer for British Energy of more than 700p per share to beat RWE's £11 billion bid

Halt to BAE corruption probe was 'unlawful'

Judges rule the decision by the Serious Fraud Office to abandon BAE bribery inquiry was the result of illegal Saudi threats

Retailers deliver a grim forecast

Turmoil in the wider economy slows consumer spending as retailers on both sides of the Atlantic prepare for a rough ride

OTHER HEADLINES
Analysis chevrons

Bank's balancing act could get trickier

To cut rates when the short-term inflation outlook is so bad implies a gloomy view of economic growth by the Bank of England
Markets chevrons

Tempus: DSG International ... Silverjet ... Primary HP

Second profit warning for DSG International ... Silverjet fails to break even ... Primary Health Properties expansion is a fair risk

BT acquires Wire One ... G4S €10m sale ... Pound down

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