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Times Online October 2, 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.

Also you can now download our series of free podcasts exploring the business ideas that are changing the world at www.timesonline.co.uk/businessideas

Today's top stories

France seeks €300bn rescue fund for Europe

As the world holds its breath on the fate of the US $700bn bailout, President Sarkozy seeks EU backing for his own plan

Wholesale electricity prices surge

Fears of a supply shortfall saw the forward price of electricity hit highs of £133 per megawatt hour, up £10 in a week

Buffett perfectly placed for $3bn GE play

Warren Buffett unveils plans to buy preferred shares in General Electric a week after his $5bn investment in Goldman Sachs

Waitrose 'convenience' to take on M&S

In its attempt to double the size of its business by 2017, Waitrose is launching an 'old-fashioned grocer' shop format
OTHER HEADLINES
Analysis chevrons

Xstrata takes a hit as crunch spreads

The best evidence of the impact of the credit crunch came from Xstrata's Mick Davis, after he scrapped a £5bn takeover bid for Lonmin
Markets chevrons

Tempus: Shanks ... Lonmin ... Redhall

Shanks could benefit from recession and high energy prices ... Lonmin may suffer drop in platinum prices ... Redhall raises £20m

Boeing's Nasa contract ... BT speeds up ... Asos rises

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