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Times Online October 23, 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

Sterling battered as Brown utters 'recession'

London shares plummeted by another 4.5 per cent as Gordon Brown and Mervyn King admitted Britain was entering a recession

White House calls summit of key economies

Emergency meeting called as crisis hits emerging market nations and causes havoc worldwide

New shops, but will people open their wallets?

Gloomy retailers predict their worst Christmas for 35 years as consumers worried about jobs wait for bargains

Merck drugs giant loses 7,200 jobs

The number of redundancies at the pharmaceuticals industry's ten largest companies has now risen to more than 60,000
OTHER HEADLINES
Analysis chevrons

Governor gives pound extra pounding

No British recession would be complete without a run on the pound and it has duly arrived
Markets chevrons

Wait for a better Home Retail price

With the company facing a combination of falling sales and falling margins next year, first-time buyers should hold steady

Amazon sales rise... Glaxo slides... Yahoo! slumps...

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