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Times Online May 13, 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

Treasury backs down on corporate tax

The threat of a corporate exodus to countries with more business-friendly tax structures forces a rethink by the Government

HSBC bank 'undervalued loss by $30 billion'

Activist investor Knight Vinke takes a swipe at Europe's biggest bank, accusing it of flattering its US sub-prime losses

Higher prices hit hopes of interest rate cut

Increased fuel costs, a weakening pound and record inflation at the factory gate combine to extinguish expectations

FSA fines high street retailer for first time

Land of Leather, the struggling sofa chain, fined £210,000 over controversial payment protection insurance sales tactics

OTHER HEADLINES
Analysis chevrons

Another tax break, Mr Darling, or we're off . . .

Following the partial climbdown over CGT and non-doms, the Treasury appears to be planning to soften proposals on overseas earnings

Markets chevrons

Tempus: Dana ... Southern Cross ... Stobart Group

Dana Petroleum strikes more North Sea oil ... Southern reassures it is close to securing deal ... Stobart has an innovative strategy

Shell abandons Iran ... Dignity rises ... Oil prices up

Need to know: comprehensive news coverage sector by sector

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