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Times Online May 12, 2008

BUSINESS BULLETIN


Dear Reader

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Today's top stories

Companies desert Royal Mail

Businesses are turning their backs on Royal Mail as firms are finding the postal group inefficient, says the BCC

Osmond may move Pearl outside UK

Hugh Osmond is considering relocating Pearl Assurance, his financial services group, outside the UK for tax purposes

BCC demands strong official action

British Chambers of Commerce has called on the Bank of England to cut interest rates quickly, despite pound's decline

British Gas fights Accenture over billing

An IT billing system designed by Accenture, the consultancy group, has become the focus of a £182 million High Court writ

OTHER HEADLINES
Analysis chevrons

King to grimace and bear bad news

The Governor of the Bank of England is likely to adopt his sternest demeanour ahead of the Inflation Report this week

Markets chevrons

Retailers fighting over US rebate

They were intended as a boost to the economy, but the $150bn of tax rebates returned have succeeded in sparking a squabble

HSBC write off... trade gap unchanged... RWE to drop

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