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News Round-Up. (16.09.2008)
Posted: Monday 15th Sep 2008
Starting at the BBC, share prices are in freefall in the wake of Lehman Brothers’ painful demise, as UK inflation shoots up higher than expected.
Next, The Telegraph says that there are rumours Gordon Brown jinxed Lehman’s when he opened its London offices, while Barclays is circling the bank’s corpse with an eye on buying up what’s left.
The Guardian follows with news that the price of oil is also plummeting, while US inflation is in decline.
Then, The Times reports that house prices have fallen for the ninth consecutive month so far – but that isn’t stopping ASDA launching a supermarket price war.
Over at The Independent, the retail sector is look rather parlous as Japan’s central bank splurges money to prop up the money markets.
And finally, at StartUps.co.uk, small business are still able to find credit (Crunch notwithstanding), as the FSB calls for better parking policies to support high streets.