Today's Newspaper Headlines - 4th July 2008Today's Newspaper Headlines - 4th July 2008
Financial Times
PM warns of difficult times ahead – and urges City leaders to show pay restraint, p.2
Service sector slowdown feeds fears of recession, p.2
Taylor Wimpey to seek waiver for a possible breach of covenants from holders of £380m of outstanding private placement notes, p.21
Barratt moves to cut workforce by around 1,000, p.22
Galliford Try ‘unlikely’ to raise dividend, p.23
Daily Telegraph
Lenders have told the BoE they will restrict mortgage lending further over the summer, p.4
Recession edges closer as services sector is hit, p.B1
Barratt adds to housing woes by announcing 1,000 job losses, p.B1
Commercial property values to fall 25pc, says agent, p.B5
The Times
Desperate families turn to loans and credit cards to cover mortgage bills – moneysupermarket.com, p.42
Barratt to make 1,000 redundant as the crisis among housebuilders grows worse, p.47
Bricks & Mortar
Homeowners vote to stay put as prices slide, p.4
The Independent
How bad can it get? The majority of City analysts believe worse is still to come – Nick Clark, Business Analysis, p.47
The Guardian
Chancellor insists economy will grow, despite oil price nearing $150, p.29
BoE warns that credit squeeze will tighten, p.31
Daily Mail
Mortgage squeeze tightens further, p.20
Tow floating cities, enough for 50,000 inhabitants designed by Belgian architect for homelands wiped out by global warming, p.21
It’s a tough property market – but if you follow a few simple rules, you could still conjure up a profit, p.80
Property prices for the super-rich are still soaring upwards, p.81
Debt laden Barratt axes 1,000 jobs, p.89
UK faces first economic contraction since 1990s, p.89
Daily Mirror
Credit crisis really hits home - loans to get tighter, p.51