Monday Papers: Manufacturing companies have sharply increased prices -- other news

Mon May 12, 2008 7:59am BST
 
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* Manufacturing companies have sharply increased the prices of their goods in an attempt to tackle the strongest cost pressures for 20 years, according to CBI survey

* Losses suffered by large UK banks because of the credit crunch will add further pressure on public finances by cutting the amount of corporation tax paid by financial services

* Central bank interventions have helped drive a sharp rally in bonds backed by good-quality mortgages, although conditions are not yet strong enough to boost new mortgage lending

* Consumers of basic commodities face some of the highest ever costs to ship goods after a combination of port delays, strong demand and ship shortages last week sent bulk shipping rates back close to record levels

* Royal Dutch Shell and Spain's Repsol have pulled out of one of Iran's biggest gas projects

* Lloyd's of London chief Lord Levene warns taxes may force insurers offshore

* The number of overseas tourists visiting London this year is expected to grow at its slowest pace since the terrorist attacks in the US in 2001

* Germany calls for higher health standards for European Union food imports

* Gordon Brown will today throw is weight behind a radical overhaul of care for Britain's ageing population

* The pensions industry is to launch a £300 million legal bid to claw back tax

* Fear of civil war as Lebanon fighting escalates

* Argentine strike hits grain levels

* Societe Generale will be severely criticised in a report into the rogue trading scandal

* First-quarter results at Glitnir, Landsbanki and Kaupthing suggest the lenders could be turning the corner

* Nice Capital is to launch a fund that will exploit the housing downturn by buying up cheap homes in London

* The music industry is to step up a campaign to extract more fees from its businesses for their use of music

* The European Commission has handed Optos an inventor of the year award for its scanning laser technology

* Accenture rejects British Gas writ

* Councils consider legal action against builders accused of false bidding

* US tax rates spark scramble by retailers to secure extra income

 

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