Sterling tumbles to a 13-year low

December 4, 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. Also you can now download our series of free podcasts exploring the business ideas that are changing the world at www.timesonline.co.uk/businessideas Today's top stories Sterling tumbles to a 13-year low Another spate of dire economic news left markets convinced that Bank of England will order a drastic cut in interest rates Property firm to the stars goes bust AAim, a £3bn property investment company backed by HBOS and chaired by Sir David Frost, has gone into administration Nomura to cut up to 1,000 London jobs Investment bankers across securities giant's equities, fixed income and investment banking divisions are facing redundancy Fall in advertising sends shiver through ITV The prediction reflects the fact that retailers are increasingly taking a short-term view of booking television advertising OTHER HEADLINES Analysis Rate cuts won't fix broken mechanism Cutting interest rates is not going to increase quantity of credit available - the mechanism that turns the cuts is broken Markets Tempus: Sage ... Stagecoach ... Dawson Holdings Sage subscrition sales up 9% ... Stagecoach's 17% fall in its shares ... Dawson Holdings shows impressive growth Barratt assets ... New alcohol laws ... MAN decline Need to know: comprehensive news coverage sector by sector Business Finance Compare business insurance, commercial mortgage & loan rates online IFA Search Find specialist business IFAs Business City Guides Overseas information Job hunting? Top executive positions Business Travel Latest news Legal Advice Search for corporate legal specialists If you no longer wish to receive the Business Bulletin, please click here to unsubscribe. If you wish to speak to a Customer Services Representative, please call 020 7860 1133. You have received this e-mail from a member of the News International Group. News International Limited, 1 Virginia Street, London E98 1XY, is the holding company for the News International Group and is registered in England No 81701. VAT number GB 243 8054 69 Times Newspapers Ltd is a member of the Direct Marketing Association and registered under the Data Protection Act 1998. To see our privacy policy, click here.