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Times Online August 6, 2008

BUSINESS BULLETIN


Dear Reader

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Today's top stories

Darling accused over Rock write off

Treasury accused of incompetence as it prepares to write off publicly funded loans of up to £3 billion to Northern Rock

Repossessions rise 40% as arrears worsen

A total of 45,000 are expected to lose their homes this year as more homeowners struggle to meet repayments

Nine passengers on every BA flight lose bags

British Airways customers are 80 per cent more likely to lose their luggage, finds confidential report seen by The Times

Wall Street shares climb as Fed holds rates

Shares soared after Federal Reserve boosted investors' hopes that it remains in little hurry to begin imposing increases

OTHER HEADLINES
Analysis chevrons

Rock could still haunt Chancellor

Odds shorten on taxpayers footing a substantial bill when final Northern Rock reckoning is made

Markets chevrons

Spirent's strength lies in global reach

Communications firm's client base means it can benefit from the emergence of different mobile standards in different territories

Iberia slumps... Barclays sells... Oil prices drop

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