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Times Online April 22, 2009

BUSINESS BULLETIN


Dear Reader

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Today's top stories

IMF 'wrong' about bailout bill, says Treasury

International Monetary Fund faces huge embarrassment after withdrawing a claim that UK faces £200bn for the bank bailout

Budget to cut thousands of civil service jobs

More Civil Service jobs will be lost as departments attempt to find £45 billion in 'efficiency savings' by 2013-14

Tesco achieves a record £3bn profit

Supermarket giant says it will create 26,000 jobs as profits increase makes it the world's second largest retailer

Savers suffer as deflation makes a comeback

Pensioners among those braced for fall in their incomes with the return of 'minus inflation' for the first time in 50 years

OTHER HEADLINES
Analysis chevrons

Tesco shines in this sceptred aisle

There appears to be no stopping Tesco, as strong underlying sales growth highlights what good value the retailer's shares are

Markets chevrons

Tempus: ABF ... Connaught ... Armor Designs

ABFprofits rose by 21% to £70m ... Connaught gaining a toehold in two adjacent niches ... Armor Designs risks a lot of money

Rolls-Royce contract... Coca-Cola fall... Cains sales

Need to know: comprehensive news coverage sector by sector

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