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Business News for 20 March 2008

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Budget hotel chains’ merger talks collapse over Travelodge’s price

Mar 20 2008

PROSPECTS of a £3bn merger between budget hotel chains Travelodge and Premier Inn faded yesterday after talks over a deal ended....

Boomerang in merger talks with DCD Media

Mar 20 2008

TELEVISION production company Boomerang yesterday confirmed it is in talks with rival DCD Media over a “potential merger” of the two companies....

Next expects a struggle to sell more clothes this year

Mar 20 2008

FASHION chain Next yesterday warned of increasing sales pressure this year as struggling shoppers tighten their belts....

Price hike sets up future for coal company

Mar 20 2008

COAL mining venture Energybuild yesterday said rising coal prices put the company in a strong position for the coming year....

Shares on the slide as inflation stokes up

Mar 20 2008

MANUFACTURERS provided a surprise boost to the economy yesterday as further financial uncertainty saw the leading share index lose ground it had made on Tuesday....

Number in work reaches record high

Mar 20 2008

The Prime Minister yesterday hailed new figures showing that the number of people in work had reached a record high of almost 30 million while unemployment continued to fall, despite the financial turbulence in international markets....

Blow to interest rate cut hopes

Mar 20 2008

MANUFACTURERS provided a surprise boost to the economy yesterday as further financial uncertainty saw the leading share index lose ground it had made on Tuesday....