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Times Online April 18, 2008

BUSINESS BULLETIN


Dear Reader

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Today's top stories

RBS looks at possible rights issue

Royal Bank of Scotland is preparing to raise billions of pounds through a rights issue to shore up its balance sheet

Bouton replaced as SocGen chief

Daniel Bouton to be stripped of his operational role as bank moves to draw a line under the scandal which cost it €5bn

Google lays fears of advertising slowdown

The internet search engine's 42 per cent surge in revenues, boosted by overseas business, beat Wall St expectations

One in ten homeowners 'face negative equity'

Morgan Stanley predicts 1.2m people will be in negative equity, owing more on their mortgage than their home is worth

OTHER HEADLINES

Analysis chevrons

Time to rein in construction cowboys

The OFT has alleged bid rigging on public-sector contracts against 112 companies, large and small

Markets chevrons

Tempus: Prudential beats blues with Asia arm

New business from Prudential's Asian arm soared 30 per cent, offsetting the forewarned 7 per cent decline in US sales

Nokia falls ... WH Smith optimistic ... VW motorbikes

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