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The latest business news from The Times and Sunday Times

Times Online Britain - The best of The Times and Sunday Times, in real time
  • British Gas to raise prices as profits slump
    Millions of homeowners face a second rise in the gas and electricity bills this year as British Gas owner Centrica grapples with a slump in its profits.

  • Mortgage giants to unveil new writedowns
    Some of the biggest players in the British mortgage market will report investment writedowns of more than £4 billion this week as investors brace themselves for more bad news from Britain's embattled banking sector.

  • China's inflation climbs to 8.5%
    China's inflation rate rose to 8.5 per cent in April remaining close to a 12-year high as food prices continued to soar.

  • Royal Dutch Shell pulls out of $10bn Iran project$
    Royal Dutch Shell has apparently caved into political pressure from the US in backing out of a $10 billion gas project in Iran.$

  • Need to know
    Economics Interest rates The Bank of England will release its latest quarterly Inflation Report and forecasts for economic prospects on Wednesday. After its decision to keep interest rates on hold last week, the report and a press conference by Mervyn King, the Bank’s Governor, will be closely watched for clues to its next move.


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