US to miss 'fiscal cliff' deadline
The US will head over the "fiscal cliff", at least temporarily, after the House of Representatives said it would not vote before a midnight deadline......
Commissions banned on new sales
Financial salesmen and advisers can no longer be paid commissions by the firms whose policies - such as private pensions and investments - that they are selling......
UK must stay in Europe, says CBI
The CBI says the UK needs to keep its place within the European Union to push for freer trade for its businesses......
Wall Street Market Report
Wall Street shares close up 1.3% after President Obama says that a deal to avoid the fiscal cliff is in sight......
London Market Report
London's benchmark FTSE 100 index ends the year nearly 6% higher, having fallen by 5.6% during 2011......
Portuguese prepare for tax blow
Portugal's president signs into law a controversial 2013 budget imposing big tax increases......
House owners raise stake in homes
UK homeowners' collective stake in the value of their homes rose by 8bn in the third three months of the year, figures show......
209 rogue claims firms shut down
More than 200 rogue claims management companies were shut down recently as part of a crackdown, according to the Ministry of Justice......
Wigan in first profit in years
Premier League football club Wigan Athletic posts its first profit in years as it trims salaries and cuts debt......
Egyptian pound in further slide
The Egyptian pound falls further against the US dollar, despite efforts by the country's financial authorities to intervene in the money markets......
Merkel warns of tough times ahead
Chancellor Angela Merkel warns Germans that the economic climate in 2013 will be "even more difficult"......
Duncan Smith condemns tax credits
The work and pensions secretary says Labour's tax credit system has resulted in "a sorry story of dependency, wasted taxpayers' money and fraud"......
Tube cleaners in strike over pay
London Underground station cleaners begin a 48-hour strike in a dispute over pay......
Warning of 'nation divided' by cuts
The government's cuts programme could lead to "problems on our streets" and "the break-up of civil society", three Labour council leaders warn......
Deal 'closer' in US fiscal talks
US congressional leaders are said to be closing in on a deal to avoid the "fiscal cliff" of tax rises and spending cuts ahead of a midnight deadline......
VIDEO: Newsweek publishes last paper edition
Newsweek, the weekly news magazine, has published its last edition on paper......
VIDEO: Bagpipe business thrives in Pakistan
The bagpipe business is thriving in Pakistan, with the instrument proving popular to play as well as being a successful export......
VIDEO: EU faces task of creating bank union
One of the biggest tasks for the European Union in the coming year will be to deliver on its far-reaching banking union proposal......
VIDEO: New TUC boss 'to reach out'
The incoming leader of the Trade Union Congress, Frances O'Grady, has vowed to "reach out" to workers and employers to try to gauge opinions about how the organisation can make a difference......
VIDEO: Christmas boom in board game sales
Retailers have reported a boom in board game sales over the festive period, as families look for a more traditional form of entertainment......
VIDEO: Postmistress lends own money
A village post office could not pay pensions or benefits for 11 days over Christmas after its broadband connection was cut off......
VIDEO: Christmas struggle for consumers
Millions of people cut back on their Christmas shopping in 2012 or struggled to pay for it, according to the consumer group Which?......
What if we jump over the US fiscal cliff?
What if we jump off the US fiscal cliff?.....
Why are rail fares going up again?
Why season tickets cost as much as a Ducati motorbike.....
Ringing in investing 2013
Dec. 31 - 2012 was a great year for stocks with the Nasdaq up 16 percent and S&P 500 gaining more than 13 percent. A look at what investors can expect in 2013. Bobbi Rebell reports......
U.S. Day Ahead: Investors look optimistic for 2013
Dec 31 - Despite the wrangling in Washington over the fiscal cliff, there seems to be a new sense of optimism going into the New Year......
Obama says deal "within sight, but it is not done"
Dec. 31 - U.S. President Obama said on Monday that a deal to avoid the U.S. "fiscal cliff," is close, but he warned that it was not yet complete. Deborah Lutterbeck reports......
Obama: Fiscal cliff deal in sight, not done yet
Dec. 31 - U.S. President Barack Obama on Monday said it appeared a deal on the "fiscal cliff" was within sight but it was not complete yet. Rough Cut (no reporter narration)......
Techquity: Liking Facebook, picking winners in 2013
Dec 31 - Two analysts raise their price targets on the social network. Plus, Greencrest Capital senior analyst Max Wolff gives us his top large-cap tech pick for 2013......
Trading at Noon: New year...Same ol' fiscal cliff
Dec 31 - Lawmakers are rushing to meet a Jan 1 deadline to avoid the fiscal cliff......
Reid: Fiscal Cliff talks continue
Dec. 31 - Senate Majority Leader Harry Reid says talks continue to avert a fiscal cliff with no resolution yet as the deadline looms. Rough Cut (no reporter narration)......
Daily digit: Greek retail sales slump
Dec.31 - Sales in Greece's retail sector have fallen 18.1% as deep recession and record-high unemployment take their toll on consumer spending. Sonia Legg reports.....
3XSQ: U.S. markets finish 2012 higher; Tribune rises again
Dec 31 - Global shares are steady as the 'cliff' deadline nears & Tribune emerged from bankruptcy, ending four years of Chapter 11 reorganization......
Paris' oldest bakery closes
Dec.31 - After 200 years of business, Paris' oldest boulangerie is being forced to close because the shop's landlord doubled the rent in line with rising property prices. Sonia Legg reports.....
The 2012 stumbles of tech's new class
Technology Correspondent Matt Cowan explores what lessons can be learned, and what's next for the tech sector......
Breakingviews: Fiscal cliff disaster, or not?
Breakingviews.....
Whisky maker mixes drinking and driving
Dec.31 - Millions of people around the globe will toast the new year with a glass of one of Scotland's best exports but only one traditional whisky also provides fuel for your car. Ivor Bennett reports from the Scottish distillery, Tullibardine, whic.....
Reuters Today: Still no sign of "fiscal cliff" deal
Dec. 31 - U.S. budget talks falter as the clock ticks down. Parties blame each other for failing to reach a deal on averting the fiscal cliff......
Factbox: Asia's top equity markets of 2012
Dec. 31 - Southeast Asian equities stole the limelight in 2012, but a last-minute surge in Chinese stocks may signal a taste of what's to come in the new year......
Daily Digit: Factory data highlights China's balancing act
Dec. 31 - A key reading of manufacturing activity shows recovery will remain on track in the new year, but weak export data underlines China's need to foster more domestic demand. Andrew Swift reports......
U.S. Morning Call: Washington, markets await 'fiscal' deal
Dec 31 - Investors turn to Washington as the U.S. Congress comes back today without a deal to avert the "fiscal cliff"......
Breakingviews: Predictions 2013
Dec. 31 - U.S. and emerging market equities look the best bet for investors, says Breakingviews, in their roundup of 2013 predictions......
Market Pulse: Gold headed for $1,800, cliff-pocalypse or not
Dec. 31 - The world has survived gloomy Y2K and Mayan prophecies, and is still spinning on its axis. Will that be the case if the U.S. goes over the fiscal cliff? Whatever happens, buy gold, says ETX Capital......
Greek retail employees march against Sunday work, scuffle with police
Dec. 30 - Shop employees say "Never on Sunday" and march in Athens' main shopping street, defying rain and scuffling with police. Rough Cut (no reporter narration)......
With hours remaining, US fiscal deal uncertain
Dec. 30 - The chances of a deal to prevent the U.S. economy from tumbling over a "fiscal cliff" remain uncertain Sunday. Rough Cut (no reporter narration)......
Obama: Failure to reach fiscal deal would hurt markets
Dec. 30 - U.S. President Barack Obama tells NBC's Meet the Press that if Congress fails to resolve fiscal cliff it will hurt financial markets. Deborah Lutterbeck reports......
Fiscal cliff: House delays vote on fiscal cliff deal - live
The House of Representatives will not vote on any fiscal cliff deal tonight as politicians in Washington now eye an agreement over the next few days.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2716d234/mf.gif.....
Fiscal cliff: A deal is within sight but not done, says Barack Obama - live
President Barack Obama maintained that he was hopeful Congress could "get a deal done" and stop America going over the fiscal cliff at the stroke of midnight.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2715bf.....
Austerity has made Europe worse, says Cyprus President Demetris Christofias
Cyprus President Demetris Christofias has hit out against the harsh austerity measures being meted out to struggling eurozone members as the Mediterranean island faces a bleak new year.<img width='1' height='1' src='http://telegraph.feedsportal.co.....
Fiscal cliff: Outline of a deal begins to emerge
The contours of a deal to avert the US "fiscal cliff" were emerging with just hours before a midnight deadline, according to reports.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2715bfdd/mf.gif' border='0'/>.....
Fiscal cliff: We're not there yet, says Harry Reid - live
Harry Reid, the Senate majority leader, said he was hopeful negotiators could reach a last-minute deal to avoid America going over the fiscal cliff at the stroke of midnight.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....
Afferro surges 10pc as takeover auction heats up
Afferro Mining was one of the few stocks to stand out from the crowd.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2715a0fd/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....
If you can't afford advice, here are 10 top tips for DIY investing
New rules banning payment of commission to financial advisers may force hundreds of thousands of people to become DIY investors.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2715a0fe/mf.gif' border='0'/><.....
Huawei partner 'offered embargoed Hewlett-Packard gear to Iran'
The Chinese technology company Huawei is under the spotlight again after documents were uncovered that allegedly show it offered to sell 1.3m (1.1m) of Hewlett-Packard equipment to Iran through a local partner, in breach of trade sanctions.<img wi.....
Fiscal cliff: Washington awaiting deal hours from fiscal cliff - live
American politicians are battling to strike a last-minute deal to scale back $600bn of spending cuts and tax rises that are due to take effect from New Year's Day.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....
My female business champions of 2012
There are two women in particular that must be applauded for the relentless effort to create jobs and boost the UK economy in 2012, writes Barbara Kasumu.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27153394/m.....
Ministry shuts 200 'ambulance chasing' companies
More than 350 "rogue" claims management companies have been shut down or given warnings by the Ministry of Justice over the past six months in a crackdown on "ambulance chasing" firms.<img width='1' height='1' src='http://telegraph.feedsportal.com.....
Five big threats to your wealth in 2013
A 33pc fall in the FTSE and the eurozone are among key concerns.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27152d3e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/151540.....
FTSE 100 falls and Dow climbs on last day of 2012
Weakness in risk-sensitive banks, miners and energy stocks pulled Britain's leading shares lower on Monday, the final trading session of 2012, with the outlook for 2013 soured by stalled US budget talks.<img width='1' height='1' src='http://telegr.....
Cowie's quick guides - fixed rate mortgages
Ian Cowie looks at loans that take away the worry of rising interest rates.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2715339f/mf.gif' border='0'/>.....
Greece to probe former finance minister over Swiss bank account list
Greece's governing coalition has moved to set up a parliamentary probe into allegations that former Finance Minister George Papaconstantinou tampered with a list of some 2,000 wealthy Greeks with Swiss bank accounts.<img width='1' height='1' src='.....
Private equity IPO volumes halve in 2012
The money raised by the stock market flotations of private equity-backed companies across the world almost halved last year, according to Ernst & Young.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/271525b8.....
FTSE 100 and Dow fall on last day of 2012
Weakness in risk-sensitive banks, miners and energy stocks pulled Britain's leading shares lower on Monday, the final trading session of 2012, with the outlook for 2013 soured by stalled US budget talks.<img width='1' height='1' src='http://telegr.....
Top business stories of 2012
From Libor-rigging to mega-mergers - plus mega-mergers that never happened - 2012 was a jam-packed year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2714ecae/mf.gif' border='0'/>.....
Hours left if you want to beat rail fare rise
Travellers who want to save on next year's tickets have just hours to make their purchases before New Year rises.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27146d70/mf.gif' border='0'/><br/><br/&.....
Savvy supermarket shopper: three cast-iron ways to save
Three shopping resolutions that will genuinely leave families better off in 2012.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27146d72/mf.gif' border='0'/>.....
Greek retail sales slump as austerity-hit consumers rein in spending
Greek retail sales fell 18.1pc year-on-year in October, recording the steepest drop in almost two years, as the deep recession and record-high unemployment took a toll on consumer spending.<img width='1' height='1' src='http://telegraph.feedsporta.....
New rules on financial advice: how are you affected?
New rules that ban commission payments to financial advisers come into force today. But how will they affect consumers buying various financial products?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27146a7e/mf.....
FTSE 100 falls on last day of 2012
Weakness in risk-sensitive banks, miners and energy stocks pulled Britain's leading shares lower on Monday, the final trading session of 2012, with the outlook for 2013 soured by stalled US budget talks.<img width='1' height='1' src='http://telegr.....
The best investors of 2012 return more than 40pc
The FTSE 100's gains this year have been overshadowed by certain fund managers. The best stock-picker turned turned 1,000 into 1,415.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27144061/mf.gif' border='0'/>.....
The best investors of 2012 return more than 40pc
The FTSE 100's gains this year have been overshadowed by certain fund managers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2713d43b/mf.gif' border='0'/><br/><br/><a href="http://da.feedsport.....
Monday 31 December 2012
Sunday 30 December 2012
UK Financial News on 2012-12-30
Most 'spent less on Christmas'
A majority of consumers spent less on their Christmas shopping this year than they did in 2011, according to the consumers' association Which?.....
Obama presses Republicans on deal
President Obama puts pressure on Republicans to accept a deal aimed at avoiding a tax and spending "fiscal cliff", as the end-of-year deadline looms......
Former City regulator knighted
A former head of the Financial Services Authority and a founding member of the Bank of England's Monetary Policy Committee are recognised in the New Year Honours......
Egypt hopeful on IMF loan talks
Egypt will soon resume talks with the International Monetary Fund over a crucial $4.8bn (3bn) loan to shore up the economy, the prime minister says, as the currency weakens further......
Warning of 'nation divided' by cuts
The government's cuts programme could lead to "problems on our streets" and "the break-up of civil society", three Labour council leaders warn......
Bolivia takes over Spanish firms
President Evo Morales signs a decree nationalising subsidiaries of Spanish energy giant Iberdrola, saying they overcharged consumers in rural areas......
First-time house purchases 'up 12%'
The number of house purchases by first-time buyers is up 12% this year, with about 216,000 people stepping on the property ladder, reports the Halifax......
VIDEO: Christmas struggle for consumers
Millions of people cut back on their Christmas shopping in 2012 or struggled to pay for it, according to the consumer group Which?......
VIDEO: Postmistress lends own money
A village post office could not pay pensions or benefits for 11 days over Christmas after its broadband connection was cut off......
What if we jump over the US fiscal cliff?
What if we jump off the US fiscal cliff?.....
Why are rail fares going up again?
Why season tickets cost as much as a Ducati motorbike.....
Greek retail employees march against Sunday work, scuffle with police
Dec. 30 - Shop employees say "Never on Sunday" and march in Athens' main shopping street, defying rain and scuffling with police. Rough Cut (no reporter narration)......
With hours remaining, US fiscal deal uncertain
Dec. 30 - The chances of a deal to prevent the U.S. economy from tumbling over a "fiscal cliff" remain uncertain Sunday. Rough Cut (no reporter narration)......
Obama: Failure to reach fiscal deal would hurt markets
Dec. 30 - U.S. President Barack Obama tells NBC's Meet the Press that if Congress fails to resolve fiscal cliff it will hurt financial markets. Deborah Lutterbeck reports......
Obama presses Congress to resolve fiscal cliff
Dec. 29 - U.S. President Obama calls for resolution to fiscal cliff talks in weekly address. Deborah Lutterbeck reports......
Fifth day of fiscal cliff fizzle
Dec. 28 - Summary of business headlines: Stocks slide for fifth day over 'fiscal cliff' stalemate; Existing home sales rise to highest in 2 1/2 years; Port strike averted for 30 days; Apple won't sue over Galaxy S III. Carmen Roberts reports......
Deal or no deal, U.S. feels pain
Dec. 28 - Whether Washington delivers a scaled-down tax and spending plan, a retroactive one or none at all, the U.S. economy will not emerge unscathed. Jeanne Yurman reports......
Obama: modestly "optimistic" fiscal cliff deal can be reached
Dec. 28 - President Obama held out hope for a last-minute agreement to avoid the "fiscal cliff" after a meeting with congressional leaders. Deborah Lutterbeck reports......
Three years on, FSA fails to bite over bankers' pay
The Financial Services Authority has not launched a single enforcement action against any regulated business for failing to comply with its remuneration code since the rules were introduced three years ago.<img width='1' height='1' src='http://tel.....
Hedge funds reap record profits from bets on QE
Super-rich hedge fund financiers emerged as the big winners from the Bank of England's money printing programme in 2012, as pensioners and savers were made to struggle with shrunken incomes.<img width='1' height='1' src='http://telegraph.feedsport.....
Barack Obama makes 11th hour appeal to avoid fiscal cliff
Barack Obama has made an urgent final appeal to a bitterly divided Congress to steer America away from the "fiscal cliff" as Democrats and Republicans remained locked in tense eleventh-hour negotiations.<img width='1' height='1' src='http://telegr.....
Christmas 'paid for with credit', says Which?
Nearly half of Britons paid for their Christmas on credit this year, research from a consumer group found.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270f6595/mf.gif' border='0'/><br/><br/><.....
Autotrader suitors eye Guardian Media Group's stake
Guardian Media Group (GMG) has received expressions of interest in its controlling stake in Trader Media Group, which owns used car advertising business Auto Trader.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....
Crisis, what crisis? The Square Mile fights back
The City has survived far worse setbacks than this economic malaise and is poised for recovery, according to Peter Rees, its head of planning.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270f602d/mf.gif' borde.....
Barack Obama in market confidence warning over 'fiscal cliff' talks
President Obama predicts an "adverse reaction" in financial markets if U.S Congress fails to reach an agreement on the so-called fiscal cliff, during an appearance on NBC's Meet the Press.<img width='1' height='1' src='http://telegraph.feedsportal.....
Libor scandal hits traders as RBS 'cuts bonuses'
Royal Bank of Scotland plans to claw back bonuses from staff to cover the cost of an expected 350m fine for rigging the Libor rate.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270e415e/mf.gif' border='0'/>&.....
Households spend 80 less on presents this Christmas
Each household in Britain spent around 80 less than expected on Christmas presents and in post-Christmas sales, despite a late surge in spending on the high street, experts say.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....
2012 in review: Best business quotes
<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270e94d1/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/151540057272/u/3/f/568300/c/32726/s/270e94d1/kg/321/a2.htm"><img.....
Egypt sees IMF talks resuming in January
Egyptian prime minister Hisham Kandil said on Sunday he expected a resumption of talks in January with the International Monetary Fund on a $4.8bn loan.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270dcd91/mf......
Oil trader Vitol in talks over tax-avoidance bill
Oil trader Vitol is in talks with HM Revenue & Customs to settle a claim for millions of pounds in taxes its senior staff avoided through an offshore pay scheme.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....
What the papers say: Sunday business news round-up
Telegraph Finance's round-up of the top business headlines in the Sunday newspapers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270dc36c/mf.gif' border='0'/><br/><br/><a href="http://da.feed.....
Rosemary Conley: 'I made 40p a book - it's not life-changing money'
Rosemary Conley, the fitness and diet guru, started her first business with just 8, selling it a decade later for 52,000. But she can't stop looking for new opportunities.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....
2013: a look into your financial future
What can investors, borrowers and savers and expect in 2013? We ask the experts.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270c68d5/mf.gif' border='0'/><br/><br/><a href="http://da.feedspor.....
Failure to clinch fiscal cliff deal would hurt markets, warns Barack Obama
Obama warns of "adverse reaction" in financial markets should Congress fail to avert the so-called fiscal cliff facing America.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270e9cdc/mf.gif' border='0'/>.....
US leaders must send message to markets on fiscal cliff, says Goldman economist
Goldman Sachs' senior economist has claimed that American politicans must send a clear signal that they can reach a deal on the fiscal cliff in order to steady the markets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
Alex: It's A Wonderful Crisis - part 7
<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270ca2d1/mf.gif' border='0'/>.....
Obama told to focus on growth in last-ditch fiscal cliff scramble
The world's biggest bond investor has warned America's political leaders not to neglect the need to strengthen the recovery as the country struggles to stitch together a last-minute deal to tackle its $16.4trillion debt pile.<img width='1' height=.....
UK should step up defence of financial services
The Government must do more to defend the contribution the financial services sector makes to the wider economy because it is not just about "a few people drinking Bollinger", according to the City of London Corporation.<img width='1' height='1' s.....
Nuclear sector pushes for green light on waste dump
Britain's nuclear industry has warned that a "no" vote by local councils on crucial plans to assess sites for a major radioactive waste dump would be "an injustice to future generations".<img width='1' height='1' src='http://telegraph.feedsportal......
Nuclear sector pushes for green light on waste dumps
Britain's nuclear industry has warned that a "no" vote by local councils on crucial plans to assess sites for a major radioactive waste dump would be "an injustice to future generations".<img width='1' height='1' src='http://telegraph.feedsportal......
Goliath vs Goliath...Amazon takes on Apple and Google
Amazon wants to become a fully fledged tech company up against Google and Apple. Katherine Rushton travelled to the US to find out why.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270ca2d3/mf.gif' border='0'/&.....
Amazon plans tech assault
Amazon has announced major expansion plans beyond its traditional retail operations that could see it competing with Google and Apple as one of the largest technology companies in the world.<img width='1' height='1' src='http://telegraph.feedsport.....
Top ten share tips for 2013
<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270ba481/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/151540042981/u/3/f/568300/c/32726/s/270ba481/a2.htm"><img src="h.....
A majority of consumers spent less on their Christmas shopping this year than they did in 2011, according to the consumers' association Which?.....
Obama presses Republicans on deal
President Obama puts pressure on Republicans to accept a deal aimed at avoiding a tax and spending "fiscal cliff", as the end-of-year deadline looms......
Former City regulator knighted
A former head of the Financial Services Authority and a founding member of the Bank of England's Monetary Policy Committee are recognised in the New Year Honours......
Egypt hopeful on IMF loan talks
Egypt will soon resume talks with the International Monetary Fund over a crucial $4.8bn (3bn) loan to shore up the economy, the prime minister says, as the currency weakens further......
Warning of 'nation divided' by cuts
The government's cuts programme could lead to "problems on our streets" and "the break-up of civil society", three Labour council leaders warn......
Bolivia takes over Spanish firms
President Evo Morales signs a decree nationalising subsidiaries of Spanish energy giant Iberdrola, saying they overcharged consumers in rural areas......
First-time house purchases 'up 12%'
The number of house purchases by first-time buyers is up 12% this year, with about 216,000 people stepping on the property ladder, reports the Halifax......
VIDEO: Christmas struggle for consumers
Millions of people cut back on their Christmas shopping in 2012 or struggled to pay for it, according to the consumer group Which?......
VIDEO: Postmistress lends own money
A village post office could not pay pensions or benefits for 11 days over Christmas after its broadband connection was cut off......
What if we jump over the US fiscal cliff?
What if we jump off the US fiscal cliff?.....
Why are rail fares going up again?
Why season tickets cost as much as a Ducati motorbike.....
Greek retail employees march against Sunday work, scuffle with police
Dec. 30 - Shop employees say "Never on Sunday" and march in Athens' main shopping street, defying rain and scuffling with police. Rough Cut (no reporter narration)......
With hours remaining, US fiscal deal uncertain
Dec. 30 - The chances of a deal to prevent the U.S. economy from tumbling over a "fiscal cliff" remain uncertain Sunday. Rough Cut (no reporter narration)......
Obama: Failure to reach fiscal deal would hurt markets
Dec. 30 - U.S. President Barack Obama tells NBC's Meet the Press that if Congress fails to resolve fiscal cliff it will hurt financial markets. Deborah Lutterbeck reports......
Obama presses Congress to resolve fiscal cliff
Dec. 29 - U.S. President Obama calls for resolution to fiscal cliff talks in weekly address. Deborah Lutterbeck reports......
Fifth day of fiscal cliff fizzle
Dec. 28 - Summary of business headlines: Stocks slide for fifth day over 'fiscal cliff' stalemate; Existing home sales rise to highest in 2 1/2 years; Port strike averted for 30 days; Apple won't sue over Galaxy S III. Carmen Roberts reports......
Deal or no deal, U.S. feels pain
Dec. 28 - Whether Washington delivers a scaled-down tax and spending plan, a retroactive one or none at all, the U.S. economy will not emerge unscathed. Jeanne Yurman reports......
Obama: modestly "optimistic" fiscal cliff deal can be reached
Dec. 28 - President Obama held out hope for a last-minute agreement to avoid the "fiscal cliff" after a meeting with congressional leaders. Deborah Lutterbeck reports......
Three years on, FSA fails to bite over bankers' pay
The Financial Services Authority has not launched a single enforcement action against any regulated business for failing to comply with its remuneration code since the rules were introduced three years ago.<img width='1' height='1' src='http://tel.....
Hedge funds reap record profits from bets on QE
Super-rich hedge fund financiers emerged as the big winners from the Bank of England's money printing programme in 2012, as pensioners and savers were made to struggle with shrunken incomes.<img width='1' height='1' src='http://telegraph.feedsport.....
Barack Obama makes 11th hour appeal to avoid fiscal cliff
Barack Obama has made an urgent final appeal to a bitterly divided Congress to steer America away from the "fiscal cliff" as Democrats and Republicans remained locked in tense eleventh-hour negotiations.<img width='1' height='1' src='http://telegr.....
Christmas 'paid for with credit', says Which?
Nearly half of Britons paid for their Christmas on credit this year, research from a consumer group found.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270f6595/mf.gif' border='0'/><br/><br/><.....
Autotrader suitors eye Guardian Media Group's stake
Guardian Media Group (GMG) has received expressions of interest in its controlling stake in Trader Media Group, which owns used car advertising business Auto Trader.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....
Crisis, what crisis? The Square Mile fights back
The City has survived far worse setbacks than this economic malaise and is poised for recovery, according to Peter Rees, its head of planning.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270f602d/mf.gif' borde.....
Barack Obama in market confidence warning over 'fiscal cliff' talks
President Obama predicts an "adverse reaction" in financial markets if U.S Congress fails to reach an agreement on the so-called fiscal cliff, during an appearance on NBC's Meet the Press.<img width='1' height='1' src='http://telegraph.feedsportal.....
Libor scandal hits traders as RBS 'cuts bonuses'
Royal Bank of Scotland plans to claw back bonuses from staff to cover the cost of an expected 350m fine for rigging the Libor rate.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270e415e/mf.gif' border='0'/>&.....
Households spend 80 less on presents this Christmas
Each household in Britain spent around 80 less than expected on Christmas presents and in post-Christmas sales, despite a late surge in spending on the high street, experts say.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....
2012 in review: Best business quotes
<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270e94d1/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/151540057272/u/3/f/568300/c/32726/s/270e94d1/kg/321/a2.htm"><img.....
Egypt sees IMF talks resuming in January
Egyptian prime minister Hisham Kandil said on Sunday he expected a resumption of talks in January with the International Monetary Fund on a $4.8bn loan.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270dcd91/mf......
Oil trader Vitol in talks over tax-avoidance bill
Oil trader Vitol is in talks with HM Revenue & Customs to settle a claim for millions of pounds in taxes its senior staff avoided through an offshore pay scheme.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....
What the papers say: Sunday business news round-up
Telegraph Finance's round-up of the top business headlines in the Sunday newspapers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270dc36c/mf.gif' border='0'/><br/><br/><a href="http://da.feed.....
Rosemary Conley: 'I made 40p a book - it's not life-changing money'
Rosemary Conley, the fitness and diet guru, started her first business with just 8, selling it a decade later for 52,000. But she can't stop looking for new opportunities.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....
2013: a look into your financial future
What can investors, borrowers and savers and expect in 2013? We ask the experts.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270c68d5/mf.gif' border='0'/><br/><br/><a href="http://da.feedspor.....
Failure to clinch fiscal cliff deal would hurt markets, warns Barack Obama
Obama warns of "adverse reaction" in financial markets should Congress fail to avert the so-called fiscal cliff facing America.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270e9cdc/mf.gif' border='0'/>.....
US leaders must send message to markets on fiscal cliff, says Goldman economist
Goldman Sachs' senior economist has claimed that American politicans must send a clear signal that they can reach a deal on the fiscal cliff in order to steady the markets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
Alex: It's A Wonderful Crisis - part 7
<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270ca2d1/mf.gif' border='0'/>.....
Obama told to focus on growth in last-ditch fiscal cliff scramble
The world's biggest bond investor has warned America's political leaders not to neglect the need to strengthen the recovery as the country struggles to stitch together a last-minute deal to tackle its $16.4trillion debt pile.<img width='1' height=.....
UK should step up defence of financial services
The Government must do more to defend the contribution the financial services sector makes to the wider economy because it is not just about "a few people drinking Bollinger", according to the City of London Corporation.<img width='1' height='1' s.....
Nuclear sector pushes for green light on waste dump
Britain's nuclear industry has warned that a "no" vote by local councils on crucial plans to assess sites for a major radioactive waste dump would be "an injustice to future generations".<img width='1' height='1' src='http://telegraph.feedsportal......
Nuclear sector pushes for green light on waste dumps
Britain's nuclear industry has warned that a "no" vote by local councils on crucial plans to assess sites for a major radioactive waste dump would be "an injustice to future generations".<img width='1' height='1' src='http://telegraph.feedsportal......
Goliath vs Goliath...Amazon takes on Apple and Google
Amazon wants to become a fully fledged tech company up against Google and Apple. Katherine Rushton travelled to the US to find out why.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270ca2d3/mf.gif' border='0'/&.....
Amazon plans tech assault
Amazon has announced major expansion plans beyond its traditional retail operations that could see it competing with Google and Apple as one of the largest technology companies in the world.<img width='1' height='1' src='http://telegraph.feedsport.....
Top ten share tips for 2013
<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270ba481/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/151540042981/u/3/f/568300/c/32726/s/270ba481/a2.htm"><img src="h.....
Saturday 29 December 2012
UK Financial News on 2012-12-29
Obama 'optimistic' on cliff deal
US President Barack Obama says he is "modestly optimistic" that a deal to avoid the "fiscal cliff" is possible, after a last-ditch White House meeting......
Former City regulator knighted
A former head of the Financial Services Authority and a founding member of the Bank of England's Monetary Policy Committee are recognised in the New Year Honours......
First-time house purchases 'up 12%'
The number of house purchases by first-time buyers is up 12% this year, with about 216,000 people stepping on the property ladder, reports the Halifax......
Employed 'to reach 30 million'
The Chartered Institute of Personnel and Development (CIPD) says employment should grow to a record high by 2015......
Pearson invests in Nook tablets
UK publisher Pearson says it will invest in the Nook series of e-readers and tablets, buying a 5% stake in the business for $89.5m (55.5m)......
DVLA strike over office closure plan
Driving and Vehicle Licensing Agency staff stage a one-day strike over plans to close regional offices, which could see more than 1,000 job losses......
Japan data affirms weak economy
Japan reports weak economic data, underlining the challenges the new government faces in reviving growth in the world's third-largest economy......
Strike-hit mining firm CEO quits
The chief executive of mining firm Lonmin is stepping down four months after a deadly strike at its South African Marikana platinum mine......
Living wage 'would save billions'
Widespread use of a so-called living wage could save the government 2bn a year, according to two think tanks......
China tightens rules on internet
China's new leadership tightens laws on internet usage and enforces a previous rule for internet users to give their real names to service providers......
Apple gets China copyright fine
A court in China orders Apple to pay compensation to eight Chinese writers and two companies for violating their copyrights......
City set for major change in 2013
The body behind the regeneration of Dundee's riverside says more than 100m of capital projects will be started or completed in 2013......
Japan's Tepco sued by US sailors
Tokyo Electric Power Company, owner of the crippled Fukushima Daiichi nuclear plant, is sued by eight US sailors over radiation exposure......
Obama 'makes no new cliff offer'
President Obama asks US Congress to back an interim plan to avoid the "fiscal cliff" and extend tax cuts for most Americans, reports say......
VIDEO: O2 boss on curry and network outages
Chief executive of mobile network O2 Ronan Dunne on how he deals with issues like network outages, and how family life keeps him grounded......
VIDEO: Tata chairman steps down
Ratan Tata is stepping down as the chairman of Tata after more than two decades heading the group.....
VIDEO: Who makes your clothes hangers?
The Borders firm which believes we will all have one of their clothes hangers in our wardrobe......
AUDIO: Warren Buffett: Fiscal cliff can be solved
Today's Guest editor, Melinda Gates, who with her husband Bill, is one of the world's leading philanthropists. The sage of Omaha, Warren Buffett, talks to Mrs Gates about philanthropy in the US......
Karl Lagerfeld: The hired gun
Fashion leader Karl Lagerfeld sees himself as an ideas machine.....
Sailing into the future of global trade?
Is the golden age of sail ripe for a return?.....
Odeon boss on the Strictly threat
Odeon boss says major threat to cinema is not DVDs.....
Obama presses Congress to resolve fiscal cliff
Dec. 29 - U.S. President Obama calls for resolution to fiscal cliff talks in weekly address. Deborah Lutterbeck reports......
Fifth day of fiscal cliff fizzle
Dec. 28 - Summary of business headlines: Stocks slide for fifth day over 'fiscal cliff' stalemate; Existing home sales rise to highest in 2 1/2 years; Port strike averted for 30 days; Apple won't sue over Galaxy S III. Carmen Roberts reports......
Deal or no deal, U.S. feels pain
Dec. 28 - Whether Washington delivers a scaled-down tax and spending plan, a retroactive one or none at all, the U.S. economy will not emerge unscathed. Jeanne Yurman reports......
Obama: modestly "optimistic" fiscal cliff deal can be reached
Dec. 28 - President Obama held out hope for a last-minute agreement to avoid the "fiscal cliff" after a meeting with congressional leaders. Deborah Lutterbeck reports......
The tax man cometh to Cuba
Dec. 28 - Communist Cuba will start collecting taxes at the beginning of the year. Deborah Lutterbeck reports......
Obama says time for action on fiscal cliff is here
Dec. 28 - U.S. President Obama says the time for action on the fiscal cliff is here; but calls for back up vote if efforts fail. Rough Cut (no reporter narration)......
Reuters Right Now: No new offer made at budget meeting
Dec. 28 - Congressional Republicans must decide whether they support Pres. Obama's plan to raise taxes and extend unemployment benefits without cutting spending, or offer a broader plan with spending cuts......
U.S. Week Ahead: Deal or no deal, the damages already done
Dec 28 - Looks like Wall Street will be working the last weekend of 2012 as the political deadlock over resolving the fiscal cliff continues......
Techquity: Facebook slips, Apple's Siri to shine in 2013?
Columnist John Abell......
Daily Digit: Pending home sales up 1.7%
Dec. 28 - Pending home sales hit two-and-a-half year high in November. Jeanne Yurman reports......
Trading at Noon: Oh Snap!Facebook falls on Instagram woes
Dec 28 - Shares of Facebook are down today on news that Instagram may have shed nearly a quarter of its daily active users......
Japan bids for early return to nuclear energy
Dec. 28 - Japan's new government announces a three-year deadline for determining whether to restart the bulk of its nuclear reactors in the wake of the 2011 Fukushima Daiichi meltdown. Lindsey Parietti reports......
Portugal privatises airport operator ANA
Dec. 28 - French group Vinci has won a privatisation tender for Portugal's airports operator ANA with a hefty bid of 3.08 billion euros, which helped debt-laden Lisbon to beat its EU/IMF asset sale goal. Joanna Partridge reports.....
3XSQ: DOJ investigates Autonomy
Dec 28 - Department of Justice looking into accounting at Autonomy which was acquired by Hewlett-Packard......
Europe Week Ahead: Fiscal cliff deadline looms
Dec. 28 - A look ahead to next weeks key events including the fiscal cliff deadline, Ireland assuming the EU presidency & European PMI......
Scottish independence could turn it green
Dec. 28 - Scotland will hold a referendum on independence from Britain in 2014 but just how realistic are its chances of success when its main income source, North Sea oil and gas, is dwindling? Ivor Bennett reports on Scotland's new green energy hop.....
Breakingviews: Draghi's 3 challenges
Dec. 28 - For ECB President Mario Draghi, 2012 was a big year. But his actions will have to speak louder than words in 2013.......
Reuters Today: Tick tock goes the fiscal clock
Dec. 28 - Last-chance budget talks at the White House to reach a deal before the New Years "fiscal cliff" deadline......
2012's worst tech ideas: Flops, fails & fiascos
tech correspondent Jon Gordon......
U.S. Morning Call: Stock futures steady; fiscal cliff eyed
Dec 28 - U.S. stock futures are pointing to a higher open as investors wait on Washington......
Entrepreneur aims to shake up currency trading
Dec. 28 - Danish entrepreneur Jannick Malling, CEO of Tradable, has created what he's calling the world's first open trading platform. It allows currency traders to customise their dealing suite by downloading apps. Analysts say the platform could in.....
Inching towards the cliff
Dec. 27 - Summary of business headlines: Wall Street holds breath over 'fiscal cliff'; Consumer confidence hits four-month low; Weekly jobless claims drop; New homes sales rebound; Toyota pays over $1b in settlement; Apple's chief takes huge paycut. .....
Market Pulse: Japan's FX intervention warning...with a twist
Dec. 28 - Japan hasn't intervened in FX markets buying yen since 1998. Is it ready to do so now? Plus, banks in the red and the "First Woman of Finance" on this day in 1967......
Sunday Interview: Sir Evelyn de Rothschild: 'To be rather abrupt, I don't think there's been a great change since 2008'
City veteran says banking culture must be reformed if lenders are to regain public trust.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270b4d8d/mf.gif' border='0'/><br/><br/><a href="http://da.....
Mansion tax is 'damaging'
The property dealer who brokers deals for multimillion-pound homes has said the Chancellor's crackdown on using offshore companies to buy residential property is "harming the golden goose".<img width='1' height='1' src='http://telegraph.feedsporta.....
HP fights back on Autonomy 'fraud'
American computer giant Hewlett-Packard fired its latest salvo in its war of words with Autonomy founder Mike Lynch when it insisted it had been "very transparent" over an alleged accounting fraud at the company it bought.<img width='1' height='1'.....
Ecclestone admits bribe case could end F1 reign
Bernie Ecclestone has spoken for the first time about how his reign as Formula One's chief executive could be threatened.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270b4d90/mf.gif' border='0'/><br/>.....
French high flyers say bonjour to UK
Boris Johnson exorted the French to "venez a Londres, mes amis". It seems his words are being heeded.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270b4d91/mf.gif' border='0'/><br/><br/><a hre.....
The City, the EU and a very inconvenient truth
Enoch Powell once said that the best way to keep a secret was to announce it on the floor of the House of Commons, so little notice was taken of anything that went on there.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....
Sweet Mandarin sisters secure sauce deal with Sainsbury's and Selfridges
They shot to fame thanks to Gordon Ramsay and Dragons' Den. Now the twin sisters who run the Sweet Mandarin restaurant have secured a major deal with Sainsbury's to sell their sauces.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....
Banks fear 'risk to City' of EU exit
Some of the City's largest banks are privately warning the Treasury that moves towards Britain leaving the European Union would be a disaster for the City and would jeopardise confidence in the economic recovery.<img width='1' height='1' src='http.....
Clearnet urges investors to back LSE takeover bid
LCH.Clearnet will begin a campaign this week to persuade shareholders it has received a better takeover offer from the London Stock Exchange - even though the headline price has dropped by 21pc.<img width='1' height='1' src='http://telegraph.feeds.....
China in 900m African iron ore move
China is poised to gain control of a key iron ore supply route in Africa as the country continues to expand its dominance over the continent's natural resources.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270.....
Business confidence is still fragile
Business confidence is still in a fragile state despite a slightly better economic outlook for 2013, according to research from the accountancy firm BDO.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270af642/mf.....
This positive feeling for 2013 may be misplaced
An unlikely new consensus about the world economy seems to be emerging - 2013, it is now quite widely believed, is going to be quite a bit better than 2012.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270af644.....
The US 'cliff' - one small part of a huge debt crisis
So here we are, at the turn of the year, with the global economy tottering on the edge of America's fiscal cliff.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270aa393/mf.gif' border='0'/><br/><br/&.....
Keynes' great idea could lead us all over the edge
So here we are, at the turn of the year, with the global economy tottering on the edge of America's fiscal cliff.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270a3c80/mf.gif' border='0'/><br/><br/&.....
Fracking has the power to transform, so all hail to the shale
Earlier this month the Government confirmed that it would allow a process called fracking to be developed - a technology used to explore for oil and gas in the UK.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....
Blow for Hollande as French court blocks millionaire tax
France's president Francois Hollande suffered a setback as the country's highest court ruled plans for a 75pc tax unconstitutional.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2708b2a3/mf.gif' border='0'/>&.....
Alex: It's A Wonderful Crisis - part 6
<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2707359b/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/151540021200/u/3/f/568300/c/32726/s/2707359b/a2.htm"><img src="h.....
Jessica wins 450,000 for readers in 2012
In 2012, Jessica, our tenacious financial sleuth, again took on the banks, insurers and financial institutions on your behalf - with astonishing results.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2707359c/mf.....
Banks at risk of 'perpetual' cycle of bankruptcy, warns Alix
Large banks risk getting caught in "perpetual" cycle of bankruptcy like aerospace companies and carmakers unless they radically alter the way they do business, according to a leading industry consultant.<img width='1' height='1' src='http://telegr.....
Honours list: Why Hector Sants' knighthood rings hollow
Hector Sants' career can hardly have been laugh-a-minute, but the track record of the Financial Services Authority simply does not justify knighthoods or any other official honours.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
Honours list: Former FSA chief Hector Sants knighted despite regulatory failures
Hector Sants, the former Financial Services Authority chief executive criticised over regulatory failures during the financial crisis, has been knighted in the New Year Honours list.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....
Lord Heseltine to foster closer union ties in TUC speech
Lord Heseltine is to address a TUC event next month as the former deputy prime minister forges links with influential trade unionists over economic growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27060e3c/.....
First-time home buyer numbers at highest since 2007
The number of first-time home buyers is at its highest since the financial crisis - with some help from the bank of mum and dad.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27060e3f/mf.gif' border='0'/><.....
Barack Obama 'modestly optimistic' of fiscal cliff deal
President Barack Obama said he is "modestly optimistic" that a deal will be reached that prevents a blitz of tax rises and spending cuts hitting the US economy next week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....
Markets fall amid fading hopes of last-minute fiscal cliff deal
Stock markets fell on both sides of the Atlantic as hopes faded that President Barack Obama can cut a last-ditch deal to prevent the US being hit by a blitz of tax rises and spending cuts next week.<img width='1' height='1' src='http://telegraph.f.....
US President Barack Obama says he is "modestly optimistic" that a deal to avoid the "fiscal cliff" is possible, after a last-ditch White House meeting......
Former City regulator knighted
A former head of the Financial Services Authority and a founding member of the Bank of England's Monetary Policy Committee are recognised in the New Year Honours......
First-time house purchases 'up 12%'
The number of house purchases by first-time buyers is up 12% this year, with about 216,000 people stepping on the property ladder, reports the Halifax......
Employed 'to reach 30 million'
The Chartered Institute of Personnel and Development (CIPD) says employment should grow to a record high by 2015......
Pearson invests in Nook tablets
UK publisher Pearson says it will invest in the Nook series of e-readers and tablets, buying a 5% stake in the business for $89.5m (55.5m)......
DVLA strike over office closure plan
Driving and Vehicle Licensing Agency staff stage a one-day strike over plans to close regional offices, which could see more than 1,000 job losses......
Japan data affirms weak economy
Japan reports weak economic data, underlining the challenges the new government faces in reviving growth in the world's third-largest economy......
Strike-hit mining firm CEO quits
The chief executive of mining firm Lonmin is stepping down four months after a deadly strike at its South African Marikana platinum mine......
Living wage 'would save billions'
Widespread use of a so-called living wage could save the government 2bn a year, according to two think tanks......
China tightens rules on internet
China's new leadership tightens laws on internet usage and enforces a previous rule for internet users to give their real names to service providers......
Apple gets China copyright fine
A court in China orders Apple to pay compensation to eight Chinese writers and two companies for violating their copyrights......
City set for major change in 2013
The body behind the regeneration of Dundee's riverside says more than 100m of capital projects will be started or completed in 2013......
Japan's Tepco sued by US sailors
Tokyo Electric Power Company, owner of the crippled Fukushima Daiichi nuclear plant, is sued by eight US sailors over radiation exposure......
Obama 'makes no new cliff offer'
President Obama asks US Congress to back an interim plan to avoid the "fiscal cliff" and extend tax cuts for most Americans, reports say......
VIDEO: O2 boss on curry and network outages
Chief executive of mobile network O2 Ronan Dunne on how he deals with issues like network outages, and how family life keeps him grounded......
VIDEO: Tata chairman steps down
Ratan Tata is stepping down as the chairman of Tata after more than two decades heading the group.....
VIDEO: Who makes your clothes hangers?
The Borders firm which believes we will all have one of their clothes hangers in our wardrobe......
AUDIO: Warren Buffett: Fiscal cliff can be solved
Today's Guest editor, Melinda Gates, who with her husband Bill, is one of the world's leading philanthropists. The sage of Omaha, Warren Buffett, talks to Mrs Gates about philanthropy in the US......
Karl Lagerfeld: The hired gun
Fashion leader Karl Lagerfeld sees himself as an ideas machine.....
Sailing into the future of global trade?
Is the golden age of sail ripe for a return?.....
Odeon boss on the Strictly threat
Odeon boss says major threat to cinema is not DVDs.....
Obama presses Congress to resolve fiscal cliff
Dec. 29 - U.S. President Obama calls for resolution to fiscal cliff talks in weekly address. Deborah Lutterbeck reports......
Fifth day of fiscal cliff fizzle
Dec. 28 - Summary of business headlines: Stocks slide for fifth day over 'fiscal cliff' stalemate; Existing home sales rise to highest in 2 1/2 years; Port strike averted for 30 days; Apple won't sue over Galaxy S III. Carmen Roberts reports......
Deal or no deal, U.S. feels pain
Dec. 28 - Whether Washington delivers a scaled-down tax and spending plan, a retroactive one or none at all, the U.S. economy will not emerge unscathed. Jeanne Yurman reports......
Obama: modestly "optimistic" fiscal cliff deal can be reached
Dec. 28 - President Obama held out hope for a last-minute agreement to avoid the "fiscal cliff" after a meeting with congressional leaders. Deborah Lutterbeck reports......
The tax man cometh to Cuba
Dec. 28 - Communist Cuba will start collecting taxes at the beginning of the year. Deborah Lutterbeck reports......
Obama says time for action on fiscal cliff is here
Dec. 28 - U.S. President Obama says the time for action on the fiscal cliff is here; but calls for back up vote if efforts fail. Rough Cut (no reporter narration)......
Reuters Right Now: No new offer made at budget meeting
Dec. 28 - Congressional Republicans must decide whether they support Pres. Obama's plan to raise taxes and extend unemployment benefits without cutting spending, or offer a broader plan with spending cuts......
U.S. Week Ahead: Deal or no deal, the damages already done
Dec 28 - Looks like Wall Street will be working the last weekend of 2012 as the political deadlock over resolving the fiscal cliff continues......
Techquity: Facebook slips, Apple's Siri to shine in 2013?
Columnist John Abell......
Daily Digit: Pending home sales up 1.7%
Dec. 28 - Pending home sales hit two-and-a-half year high in November. Jeanne Yurman reports......
Trading at Noon: Oh Snap!Facebook falls on Instagram woes
Dec 28 - Shares of Facebook are down today on news that Instagram may have shed nearly a quarter of its daily active users......
Japan bids for early return to nuclear energy
Dec. 28 - Japan's new government announces a three-year deadline for determining whether to restart the bulk of its nuclear reactors in the wake of the 2011 Fukushima Daiichi meltdown. Lindsey Parietti reports......
Portugal privatises airport operator ANA
Dec. 28 - French group Vinci has won a privatisation tender for Portugal's airports operator ANA with a hefty bid of 3.08 billion euros, which helped debt-laden Lisbon to beat its EU/IMF asset sale goal. Joanna Partridge reports.....
3XSQ: DOJ investigates Autonomy
Dec 28 - Department of Justice looking into accounting at Autonomy which was acquired by Hewlett-Packard......
Europe Week Ahead: Fiscal cliff deadline looms
Dec. 28 - A look ahead to next weeks key events including the fiscal cliff deadline, Ireland assuming the EU presidency & European PMI......
Scottish independence could turn it green
Dec. 28 - Scotland will hold a referendum on independence from Britain in 2014 but just how realistic are its chances of success when its main income source, North Sea oil and gas, is dwindling? Ivor Bennett reports on Scotland's new green energy hop.....
Breakingviews: Draghi's 3 challenges
Dec. 28 - For ECB President Mario Draghi, 2012 was a big year. But his actions will have to speak louder than words in 2013.......
Reuters Today: Tick tock goes the fiscal clock
Dec. 28 - Last-chance budget talks at the White House to reach a deal before the New Years "fiscal cliff" deadline......
2012's worst tech ideas: Flops, fails & fiascos
tech correspondent Jon Gordon......
U.S. Morning Call: Stock futures steady; fiscal cliff eyed
Dec 28 - U.S. stock futures are pointing to a higher open as investors wait on Washington......
Entrepreneur aims to shake up currency trading
Dec. 28 - Danish entrepreneur Jannick Malling, CEO of Tradable, has created what he's calling the world's first open trading platform. It allows currency traders to customise their dealing suite by downloading apps. Analysts say the platform could in.....
Inching towards the cliff
Dec. 27 - Summary of business headlines: Wall Street holds breath over 'fiscal cliff'; Consumer confidence hits four-month low; Weekly jobless claims drop; New homes sales rebound; Toyota pays over $1b in settlement; Apple's chief takes huge paycut. .....
Market Pulse: Japan's FX intervention warning...with a twist
Dec. 28 - Japan hasn't intervened in FX markets buying yen since 1998. Is it ready to do so now? Plus, banks in the red and the "First Woman of Finance" on this day in 1967......
Sunday Interview: Sir Evelyn de Rothschild: 'To be rather abrupt, I don't think there's been a great change since 2008'
City veteran says banking culture must be reformed if lenders are to regain public trust.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270b4d8d/mf.gif' border='0'/><br/><br/><a href="http://da.....
Mansion tax is 'damaging'
The property dealer who brokers deals for multimillion-pound homes has said the Chancellor's crackdown on using offshore companies to buy residential property is "harming the golden goose".<img width='1' height='1' src='http://telegraph.feedsporta.....
HP fights back on Autonomy 'fraud'
American computer giant Hewlett-Packard fired its latest salvo in its war of words with Autonomy founder Mike Lynch when it insisted it had been "very transparent" over an alleged accounting fraud at the company it bought.<img width='1' height='1'.....
Ecclestone admits bribe case could end F1 reign
Bernie Ecclestone has spoken for the first time about how his reign as Formula One's chief executive could be threatened.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270b4d90/mf.gif' border='0'/><br/>.....
French high flyers say bonjour to UK
Boris Johnson exorted the French to "venez a Londres, mes amis". It seems his words are being heeded.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270b4d91/mf.gif' border='0'/><br/><br/><a hre.....
The City, the EU and a very inconvenient truth
Enoch Powell once said that the best way to keep a secret was to announce it on the floor of the House of Commons, so little notice was taken of anything that went on there.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....
Sweet Mandarin sisters secure sauce deal with Sainsbury's and Selfridges
They shot to fame thanks to Gordon Ramsay and Dragons' Den. Now the twin sisters who run the Sweet Mandarin restaurant have secured a major deal with Sainsbury's to sell their sauces.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....
Banks fear 'risk to City' of EU exit
Some of the City's largest banks are privately warning the Treasury that moves towards Britain leaving the European Union would be a disaster for the City and would jeopardise confidence in the economic recovery.<img width='1' height='1' src='http.....
Clearnet urges investors to back LSE takeover bid
LCH.Clearnet will begin a campaign this week to persuade shareholders it has received a better takeover offer from the London Stock Exchange - even though the headline price has dropped by 21pc.<img width='1' height='1' src='http://telegraph.feeds.....
China in 900m African iron ore move
China is poised to gain control of a key iron ore supply route in Africa as the country continues to expand its dominance over the continent's natural resources.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270.....
Business confidence is still fragile
Business confidence is still in a fragile state despite a slightly better economic outlook for 2013, according to research from the accountancy firm BDO.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270af642/mf.....
This positive feeling for 2013 may be misplaced
An unlikely new consensus about the world economy seems to be emerging - 2013, it is now quite widely believed, is going to be quite a bit better than 2012.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270af644.....
The US 'cliff' - one small part of a huge debt crisis
So here we are, at the turn of the year, with the global economy tottering on the edge of America's fiscal cliff.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270aa393/mf.gif' border='0'/><br/><br/&.....
Keynes' great idea could lead us all over the edge
So here we are, at the turn of the year, with the global economy tottering on the edge of America's fiscal cliff.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270a3c80/mf.gif' border='0'/><br/><br/&.....
Fracking has the power to transform, so all hail to the shale
Earlier this month the Government confirmed that it would allow a process called fracking to be developed - a technology used to explore for oil and gas in the UK.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....
Blow for Hollande as French court blocks millionaire tax
France's president Francois Hollande suffered a setback as the country's highest court ruled plans for a 75pc tax unconstitutional.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2708b2a3/mf.gif' border='0'/>&.....
Alex: It's A Wonderful Crisis - part 6
<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2707359b/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/151540021200/u/3/f/568300/c/32726/s/2707359b/a2.htm"><img src="h.....
Jessica wins 450,000 for readers in 2012
In 2012, Jessica, our tenacious financial sleuth, again took on the banks, insurers and financial institutions on your behalf - with astonishing results.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2707359c/mf.....
Banks at risk of 'perpetual' cycle of bankruptcy, warns Alix
Large banks risk getting caught in "perpetual" cycle of bankruptcy like aerospace companies and carmakers unless they radically alter the way they do business, according to a leading industry consultant.<img width='1' height='1' src='http://telegr.....
Honours list: Why Hector Sants' knighthood rings hollow
Hector Sants' career can hardly have been laugh-a-minute, but the track record of the Financial Services Authority simply does not justify knighthoods or any other official honours.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
Honours list: Former FSA chief Hector Sants knighted despite regulatory failures
Hector Sants, the former Financial Services Authority chief executive criticised over regulatory failures during the financial crisis, has been knighted in the New Year Honours list.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....
Lord Heseltine to foster closer union ties in TUC speech
Lord Heseltine is to address a TUC event next month as the former deputy prime minister forges links with influential trade unionists over economic growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27060e3c/.....
First-time home buyer numbers at highest since 2007
The number of first-time home buyers is at its highest since the financial crisis - with some help from the bank of mum and dad.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27060e3f/mf.gif' border='0'/><.....
Barack Obama 'modestly optimistic' of fiscal cliff deal
President Barack Obama said he is "modestly optimistic" that a deal will be reached that prevents a blitz of tax rises and spending cuts hitting the US economy next week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....
Markets fall amid fading hopes of last-minute fiscal cliff deal
Stock markets fell on both sides of the Atlantic as hopes faded that President Barack Obama can cut a last-ditch deal to prevent the US being hit by a blitz of tax rises and spending cuts next week.<img width='1' height='1' src='http://telegraph.f.....
Friday 28 December 2012
UK Financial News on 2012-12-28
Obama 'makes no new cliff offer'
President Obama asks US Congress to back an interim plan to avoid the "fiscal cliff" and extend tax cuts for most Americans, reports say......
Employed 'to reach 30 million'
The Chartered Institute of Personnel and Development (CIPD) says employment should grow to a record high by 2015......
Pearson invests in Nook tablets
UK publisher Pearson says it will invest in the Nook series of e-readers and tablets, buying a 5% stake in the business for $89.5m (55.5m)......
DVLA strike over office closure plan
Driving and Vehicle Licensing Agency staff stage a one-day strike over plans to close regional offices, which could see more than 1,000 job losses......
Japan data affirms weak economy
Japan reports weak economic data, underlining the challenges the new government faces in reviving growth in the world's third-largest economy......
Strike-hit mining firm CEO quits
The chief executive of mining firm Lonmin is stepping down four months after a deadly strike at its South African Marikana platinum mine......
Living wage 'would save billions'
Widespread use of a so-called living wage could save the government 2bn a year, according to two think tanks......
China tightens rules on internet
China's new leadership tightens laws on internet usage and enforces a previous rule for internet users to give their real names to service providers......
Apple gets China copyright fine
A court in China orders Apple to pay compensation to eight Chinese writers and two companies for violating their copyrights......
City set for major change in 2013
The body behind the regeneration of Dundee's riverside says more than 100m of capital projects will be started or completed in 2013......
'Boxing Day record' for web retail
UK retailers recorded their busiest Boxing Day online, with analysts suggesting shoppers are also using the internet to identify bargains before heading to the High Street......
US to probe Autonomy sale to HP
Hewlett-Packard's contentious purchase of UK software firm Autonomy is being investigated by the US Department of Justice......
HSBC to refund forgotten ATM cash
High Street bank HSBC is to join RBS in refunding customers who forget to take their cash from ATMs following a withdrawal......
Japan's Tepco sued by US sailors
Tokyo Electric Power Company, owner of the crippled Fukushima Daiichi nuclear plant, is sued by eight US sailors over radiation exposure......
Apple's boss in massive pay cut
Tim Cook is to take home a salary that works out to 1% of the $378m (235m) he received to be Apple's boss last year......
Southend 'leads house price rises'
Southend in Essex experienced the biggest house price rise during 2012, says leading UK mortgage lender, the Halifax......
Spanish bank has 'negative value'
Shares in Bankia drop almost 20% after Spain's bank rescue fund assigns the troubled lender a negative valuation of 4.2bn euros due to bad loans......
EA forced to remove gun shop links
In the wake of the US school shootings, publisher EA removes links from video game Medal of Honor's website directing users to weapons retailers......
Faulty good refunds 'too slow'
A consumer charity is calling for a change in the law to ensure speedy refunds for people who are sold faulty goods......
Money woes 'causing family strain'
The UK's ongoing financial problems are putting an increasing strain on family relationships, a survey by the Relate charity suggests......
Tube cleaners to strike over pay
London Underground station cleaners are to strike from New Year's Eve in a dispute over pay, after a drivers' strike severely disrupted Boxing Day travel......
South Korea cuts growth forecast
South Korea cuts its growth forecast for this year and for 2013, underlining the effect of a slowdown in its key export markets on its growth......
US chipmaker faces huge patent fine
A jury orders hard disk chipmaker Marvell Technology to pay a university $1.17bn (723m) in damages for infringing two of its patents......
Samsung seeks US ban on Ericsson
Samsung Electronics seeks a ban on the import and sales of some Ericsson products in the US which it claims infringe its patents......
VIDEO: O2 boss on curry and network outages
Chief executive of mobile network O2 Ronan Dunne on how he deals with issues like network outages, and how family life keeps him grounded......
VIDEO: Tata chairman steps down
Ratan Tata is stepping down as the chairman of Tata after more than two decades heading the group.....
VIDEO: Who makes your clothes hangers?
The Borders firm which believes we will all have one of their clothes hangers in our wardrobe......
AUDIO: Warren Buffett: Fiscal cliff can be solved
Today's Guest editor, Melinda Gates, who with her husband Bill, is one of the world's leading philanthropists. The sage of Omaha, Warren Buffett, talks to Mrs Gates about philanthropy in the US......
VIDEO: Southend 'leads house price rises'
Southend experienced the biggest house price rise of any town or city during 2012, say one of the UK's biggest mortgage lenders the Halifax......
VIDEO: Back to basics for Post Office CEO
The new chief executive of the Post Office Paula Vennells has been spending time in branches to find out how things work at the busiest time of the year, the run up to Christmas......
What if we jump over the US fiscal cliff?
What if we jump off the US fiscal cliff?.....
Karl Lagerfeld: The hired gun
Fashion leader Karl Lagerfeld sees himself as an ideas machine.....
Sailing into the future of global trade?
Is the golden age of sail ripe for a return?.....
Odeon boss on the Strictly threat
Odeon boss says major threat to cinema is not DVDs.....
Jordan: Price rises spark anger
Rising gas prices spark anti-government demos in Jordan.....
US small businesses and the fiscal cliff
How will US firms cope with the fiscal cliff?.....
Reuters Right Now: No new offer made at budget meeting
Dec. 28 - Congressional Republicans must decide whether they support Pres. Obama's plan to raise taxes and extend unemployment benefits without cutting spending, or offer a broader plan with spending cuts......
U.S. Week Ahead: Deal or no deal, the damages already done
Dec 28 - Looks like Wall Street will be working the last weekend of 2012 as the political deadlock over resolving the fiscal cliff continues......
Techquity: Facebook slips, Apple's Siri to shine in 2013?
Columnist John Abell......
Daily Digit: Pending home sales up 1.7%
Dec. 28 - Pending home sales hit two-and-a-half year high in November. Jeanne Yurman reports......
Trading at Noon: Oh Snap!Facebook falls on Instagram woes
Dec 28 - Shares of Facebook are down today on news that Instagram may have shed nearly a quarter of its daily active users......
Japan bids for early return to nuclear energy
Dec. 28 - Japan's new government announces a three-year deadline for determining whether to restart the bulk of its nuclear reactors in the wake of the 2011 Fukushima Daiichi meltdown. Lindsey Parietti reports......
Portugal privatises airport operator ANA
Dec. 28 - French group Vinci has won a privatisation tender for Portugal's airports operator ANA with a hefty bid of 3.08 billion euros, which helped debt-laden Lisbon to beat its EU/IMF asset sale goal. Joanna Partridge reports.....
3XSQ: DOJ investigates Autonomy
Dec 28 - Department of Justice looking into accounting at Autonomy which was acquired by Hewlett-Packard......
Europe Week Ahead: Fiscal cliff deadline looms
Dec. 28 - A look ahead to next weeks key events including the fiscal cliff deadline, Ireland assuming the EU presidency & European PMI......
Scottish independence could turn it green
Dec. 28 - Scotland will hold a referendum on independence from Britain in 2014 but just how realistic are its chances of success when its main income source, North Sea oil and gas, is dwindling? Ivor Bennett reports on Scotland's new green energy hop.....
Breakingviews: Draghi's 3 challenges
Dec. 28 - For ECB President Mario Draghi, 2012 was a big year. But his actions will have to speak louder than words in 2013.......
Reuters Today: Tick tock goes the fiscal clock
Dec. 28 - Last-chance budget talks at the White House to reach a deal before the New Years "fiscal cliff" deadline......
2012's worst tech ideas: Flops, fails & fiascos
tech correspondent Jon Gordon......
U.S. Morning Call: Stock futures steady; fiscal cliff eyed
Dec 28 - U.S. stock futures are pointing to a higher open as investors wait on Washington......
Entrepreneur aims to shake up currency trading
Dec. 28 - Danish entrepreneur Jannick Malling, CEO of Tradable, has created what he's calling the world's first open trading platform. It allows currency traders to customise their dealing suite by downloading apps. Analysts say the platform could in.....
Inching towards the cliff
Dec. 27 - Summary of business headlines: Wall Street holds breath over 'fiscal cliff'; Consumer confidence hits four-month low; Weekly jobless claims drop; New homes sales rebound; Toyota pays over $1b in settlement; Apple's chief takes huge paycut. .....
Market Pulse: Japan's FX intervention warning...with a twist
Dec. 28 - Japan hasn't intervened in FX markets buying yen since 1998. Is it ready to do so now? Plus, banks in the red and the "First Woman of Finance" on this day in 1967......
Obama back in town, "cliff" clock ticks
Dec. 27 - Senate Majority Leader Harry Reid fears the country will head over the fiscal cliff, with the House scheduling a Sunday session as the deadline for a deal looms. Deborah Lutterbeck reports......
3 Tech Trends for 2013
Dec. 27 - 2013 will bring a number of trends to the mainstream including 3D printers and a new wave of video game consoles. Bobbi Rebell reports......
U.S. Day Ahead: Buy, sell, hold or panic! No deal in sight!
Dec 27 - Expect more volatility in the markets as traders tweak portfolios and positions with no solution to the fiscal cliff and only two more trading days left in 2012......
Techquity: Apple CEO's huge pay cut, rating boost for Amazon
Dec 27 - Apple CEO Tim Cook has his compensation slashed while Amazon comes out ahead in a new survey......
DAILY DIGIT: 350,000 new jobless claims
Dec. 27 - New jobless claims fall to 350,000, could signal pickup in hiring. Jeanne Yurman reports......
Obama returns to Washington as fiscal cliff looms
Dec. 27 - U.S. President Barack Obama returns to Washington to attempt a last minute solution to avert the fiscal cliff. Rough Cut (no reporter narration)......
Trading at Noon: Wall St extends losses; volatility jumps
Dec 27 - U.S. stocks fell to session lows after Senate Majority Leader Harry Reid said we're headed over the fiscal cliff......
3XSQ: Amazon.com finishes first
Dec 27 - Survey indicates shoppers still prefer the web retailing giant......
Markets fall amid fading hopes of last-minute fiscal cliff deal
Stock markets fell on both sides of the Atlantic as hopes faded that President Barack Obama can cut a last-ditch deal to prevent the US being hit by a blitz of tax rises and spending cuts next week.<img width='1' height='1' src='http://telegraph.f.....
FT owner Pearson to buy 5pc stake in Barnes & Noble's Nook arm for $89.5m
Financial Times owner Pearson is to buy a 5pc stake in Barnes & Noble's Nook Media unit for $89.5m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2704f225/mf.gif' border='0'/><br/><br/><a h.....
Punch perks up as Morgan Stanley increases stake
Pub group flirts with six-month high on news of Morgan Stanley stake.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2704563e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....
Is the Coalition up to the task of helping businesses?
As we look ahead to 2013 and think about the key drivers of economic growth, there are three things that we must all keep in the forefront of our minds: scale, urgency, and delivery.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....
Goldman Sachs senior staff 'got average pay deal of 1.8m'
Goldman Sachs senior staff in the UK received an average pay deal of .18m last year, according to regulatory filings.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2703f8ae/mf.gif' border='0'/><br/><.....
Travelodge staff seek assurances over future of 49 hotels
Staff at Travelodge have raised fears over jobs after it emerged the budget hotel chain has so far offloaded only two of 49 properties marked for disposal as part of a deal to avoid administration.<img width='1' height='1' src='http://telegraph.fe.....
Debt crisis: Shares in troubled Spanish bank Bankia plunge
Shares in crisis-ridden Spanish bank Bankia plunged again as details of a public rescue exposed the extent of its problems.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27038277/mf.gif' border='0'/><br/&g.....
Lonmin says ill chief executive to step down
Platinum miner Lonmin on Friday said chief executive Ian Farmer, off work since August owing to "serious illness", was stepping down permanently from his role at the troubled group.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
EU clears Dexia's 90bn restructuring plan
The European Commission has approved the latest, 90bn restructuring plan for Dexia, a Franco-Belgian bank bailed out at the height of the financial crisis which has struggled ever since.<img width='1' height='1' src='http://telegraph.feedsportal.c.....
Irish house prices rise at fastest pace in six years
House prices in Ireland rose at the fastest pace in more than six years in November, as the country recovers from Europe's worst real estate crash.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270374e9/mf.gif' .....
Mike Lynch accuses Hewlett Packard of changing its story
Mike Lynch, the British technology entrepreneur at loggerheads with Hewlett Packard over alleged accounting fraud at Autonomy, has accused the US computer giant of changing its story as it goes along.<img width='1' height='1' src='http://telegraph.....
French recovery weaker than estimated
The French economy grew less than initially estimated in the third quarter, falling to 0.1pc from 0.2pc previously, according to the country's national statistics institute.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....
Guinness 'almost dropped Irish links over IRA'
Guinness was prepared to play down its ties with Ireland in the 1980s.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270263a7/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/.....
Britain's workforce heading for 'hard-slog year'
Britain's workforce is facing a year of "higher unemployment, longer hours and continued real pay squeeze", employment analysts have warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270263a8/mf.gif' border=.....
2012: A year of CEO departures
It was a year of big-name depatures - some left of their own accord, some were forced out.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2701be5b/mf.gif' border='0'/><br/><br/><a href="http://d.....
Britain's top regulator to get 260,000 a year
Britain's top regulator, who will be responsible for overseeing the country's largest banks, can expect to pocket 260,000 a year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2701be5c/mf.gif' border='0'/><.....
Lonmin says ill chief executive to step down
Platinum miner Lonmin on Friday said chief executive Ian Farmer, off work since August owing to "serious illness", was stepping down permanently from his role at the troubled group.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
Barack Obama in last-ditch talks as fiscal cliff fears grow
Barack Obama will meet congressional leaders for last-ditch talks on a deal to avoid automatic tax rises and spending cuts as fears grew that America's economy will fall over the so-called fiscal cliff in days.<img width='1' height='1' src='http:/.....
IPOs fall to lowest level since financial crisis after Facebook
Initial public offerings have fallen to the lowest level since the 2008.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2700be94/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/.....
New year, new job? How to find the job you really want in 2013
If you are job-hunting in the new year, you could enlist the help of the National Careers Service, a free helpline and resource centre which helps you think about what it is you really want to do for a living.<img width='1' height='1' src='http://.....
What is the fiscal cliff?
US President Barack Obama will meet congressional leaders today at the White House for last-minute talks. Here we look at what at the "fiscal cliff" means.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26ffac5d/.....
HP reveals DoJ has opened probe into Autonomy fraud claims
The US Department of Justice has opened an investigation into allegations of accounting fraud at Autonomy, the UK software maker acquired by Hewlett-Packard last year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
Alex: It's A Wonderful Crisis - part 5
<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26ffac5f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/153442569772/u/3/f/568300/c/32726/s/26ffac5f/a2.htm"><img src="h.....
New Balance in fight to keep footprint in America
New Balance is determined to make shoes in the US, but the challanges facing the company to keep doing so are growing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26ff6ea8/mf.gif' border='0'/><br/><.....
Porsche wins dismissal of $1bn hedge fund lawsuit
Porsche has won the dismissal of a lawsuit by 26 hedge funds that accused the German car maker of causing more than $1bn of losses by cornering the market in Volkswagen shares.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726.....
President Obama asks US Congress to back an interim plan to avoid the "fiscal cliff" and extend tax cuts for most Americans, reports say......
Employed 'to reach 30 million'
The Chartered Institute of Personnel and Development (CIPD) says employment should grow to a record high by 2015......
Pearson invests in Nook tablets
UK publisher Pearson says it will invest in the Nook series of e-readers and tablets, buying a 5% stake in the business for $89.5m (55.5m)......
DVLA strike over office closure plan
Driving and Vehicle Licensing Agency staff stage a one-day strike over plans to close regional offices, which could see more than 1,000 job losses......
Japan data affirms weak economy
Japan reports weak economic data, underlining the challenges the new government faces in reviving growth in the world's third-largest economy......
Strike-hit mining firm CEO quits
The chief executive of mining firm Lonmin is stepping down four months after a deadly strike at its South African Marikana platinum mine......
Living wage 'would save billions'
Widespread use of a so-called living wage could save the government 2bn a year, according to two think tanks......
China tightens rules on internet
China's new leadership tightens laws on internet usage and enforces a previous rule for internet users to give their real names to service providers......
Apple gets China copyright fine
A court in China orders Apple to pay compensation to eight Chinese writers and two companies for violating their copyrights......
City set for major change in 2013
The body behind the regeneration of Dundee's riverside says more than 100m of capital projects will be started or completed in 2013......
'Boxing Day record' for web retail
UK retailers recorded their busiest Boxing Day online, with analysts suggesting shoppers are also using the internet to identify bargains before heading to the High Street......
US to probe Autonomy sale to HP
Hewlett-Packard's contentious purchase of UK software firm Autonomy is being investigated by the US Department of Justice......
HSBC to refund forgotten ATM cash
High Street bank HSBC is to join RBS in refunding customers who forget to take their cash from ATMs following a withdrawal......
Japan's Tepco sued by US sailors
Tokyo Electric Power Company, owner of the crippled Fukushima Daiichi nuclear plant, is sued by eight US sailors over radiation exposure......
Apple's boss in massive pay cut
Tim Cook is to take home a salary that works out to 1% of the $378m (235m) he received to be Apple's boss last year......
Southend 'leads house price rises'
Southend in Essex experienced the biggest house price rise during 2012, says leading UK mortgage lender, the Halifax......
Spanish bank has 'negative value'
Shares in Bankia drop almost 20% after Spain's bank rescue fund assigns the troubled lender a negative valuation of 4.2bn euros due to bad loans......
EA forced to remove gun shop links
In the wake of the US school shootings, publisher EA removes links from video game Medal of Honor's website directing users to weapons retailers......
Faulty good refunds 'too slow'
A consumer charity is calling for a change in the law to ensure speedy refunds for people who are sold faulty goods......
Money woes 'causing family strain'
The UK's ongoing financial problems are putting an increasing strain on family relationships, a survey by the Relate charity suggests......
Tube cleaners to strike over pay
London Underground station cleaners are to strike from New Year's Eve in a dispute over pay, after a drivers' strike severely disrupted Boxing Day travel......
South Korea cuts growth forecast
South Korea cuts its growth forecast for this year and for 2013, underlining the effect of a slowdown in its key export markets on its growth......
US chipmaker faces huge patent fine
A jury orders hard disk chipmaker Marvell Technology to pay a university $1.17bn (723m) in damages for infringing two of its patents......
Samsung seeks US ban on Ericsson
Samsung Electronics seeks a ban on the import and sales of some Ericsson products in the US which it claims infringe its patents......
VIDEO: O2 boss on curry and network outages
Chief executive of mobile network O2 Ronan Dunne on how he deals with issues like network outages, and how family life keeps him grounded......
VIDEO: Tata chairman steps down
Ratan Tata is stepping down as the chairman of Tata after more than two decades heading the group.....
VIDEO: Who makes your clothes hangers?
The Borders firm which believes we will all have one of their clothes hangers in our wardrobe......
AUDIO: Warren Buffett: Fiscal cliff can be solved
Today's Guest editor, Melinda Gates, who with her husband Bill, is one of the world's leading philanthropists. The sage of Omaha, Warren Buffett, talks to Mrs Gates about philanthropy in the US......
VIDEO: Southend 'leads house price rises'
Southend experienced the biggest house price rise of any town or city during 2012, say one of the UK's biggest mortgage lenders the Halifax......
VIDEO: Back to basics for Post Office CEO
The new chief executive of the Post Office Paula Vennells has been spending time in branches to find out how things work at the busiest time of the year, the run up to Christmas......
What if we jump over the US fiscal cliff?
What if we jump off the US fiscal cliff?.....
Karl Lagerfeld: The hired gun
Fashion leader Karl Lagerfeld sees himself as an ideas machine.....
Sailing into the future of global trade?
Is the golden age of sail ripe for a return?.....
Odeon boss on the Strictly threat
Odeon boss says major threat to cinema is not DVDs.....
Jordan: Price rises spark anger
Rising gas prices spark anti-government demos in Jordan.....
US small businesses and the fiscal cliff
How will US firms cope with the fiscal cliff?.....
Reuters Right Now: No new offer made at budget meeting
Dec. 28 - Congressional Republicans must decide whether they support Pres. Obama's plan to raise taxes and extend unemployment benefits without cutting spending, or offer a broader plan with spending cuts......
U.S. Week Ahead: Deal or no deal, the damages already done
Dec 28 - Looks like Wall Street will be working the last weekend of 2012 as the political deadlock over resolving the fiscal cliff continues......
Techquity: Facebook slips, Apple's Siri to shine in 2013?
Columnist John Abell......
Daily Digit: Pending home sales up 1.7%
Dec. 28 - Pending home sales hit two-and-a-half year high in November. Jeanne Yurman reports......
Trading at Noon: Oh Snap!Facebook falls on Instagram woes
Dec 28 - Shares of Facebook are down today on news that Instagram may have shed nearly a quarter of its daily active users......
Japan bids for early return to nuclear energy
Dec. 28 - Japan's new government announces a three-year deadline for determining whether to restart the bulk of its nuclear reactors in the wake of the 2011 Fukushima Daiichi meltdown. Lindsey Parietti reports......
Portugal privatises airport operator ANA
Dec. 28 - French group Vinci has won a privatisation tender for Portugal's airports operator ANA with a hefty bid of 3.08 billion euros, which helped debt-laden Lisbon to beat its EU/IMF asset sale goal. Joanna Partridge reports.....
3XSQ: DOJ investigates Autonomy
Dec 28 - Department of Justice looking into accounting at Autonomy which was acquired by Hewlett-Packard......
Europe Week Ahead: Fiscal cliff deadline looms
Dec. 28 - A look ahead to next weeks key events including the fiscal cliff deadline, Ireland assuming the EU presidency & European PMI......
Scottish independence could turn it green
Dec. 28 - Scotland will hold a referendum on independence from Britain in 2014 but just how realistic are its chances of success when its main income source, North Sea oil and gas, is dwindling? Ivor Bennett reports on Scotland's new green energy hop.....
Breakingviews: Draghi's 3 challenges
Dec. 28 - For ECB President Mario Draghi, 2012 was a big year. But his actions will have to speak louder than words in 2013.......
Reuters Today: Tick tock goes the fiscal clock
Dec. 28 - Last-chance budget talks at the White House to reach a deal before the New Years "fiscal cliff" deadline......
2012's worst tech ideas: Flops, fails & fiascos
tech correspondent Jon Gordon......
U.S. Morning Call: Stock futures steady; fiscal cliff eyed
Dec 28 - U.S. stock futures are pointing to a higher open as investors wait on Washington......
Entrepreneur aims to shake up currency trading
Dec. 28 - Danish entrepreneur Jannick Malling, CEO of Tradable, has created what he's calling the world's first open trading platform. It allows currency traders to customise their dealing suite by downloading apps. Analysts say the platform could in.....
Inching towards the cliff
Dec. 27 - Summary of business headlines: Wall Street holds breath over 'fiscal cliff'; Consumer confidence hits four-month low; Weekly jobless claims drop; New homes sales rebound; Toyota pays over $1b in settlement; Apple's chief takes huge paycut. .....
Market Pulse: Japan's FX intervention warning...with a twist
Dec. 28 - Japan hasn't intervened in FX markets buying yen since 1998. Is it ready to do so now? Plus, banks in the red and the "First Woman of Finance" on this day in 1967......
Obama back in town, "cliff" clock ticks
Dec. 27 - Senate Majority Leader Harry Reid fears the country will head over the fiscal cliff, with the House scheduling a Sunday session as the deadline for a deal looms. Deborah Lutterbeck reports......
3 Tech Trends for 2013
Dec. 27 - 2013 will bring a number of trends to the mainstream including 3D printers and a new wave of video game consoles. Bobbi Rebell reports......
U.S. Day Ahead: Buy, sell, hold or panic! No deal in sight!
Dec 27 - Expect more volatility in the markets as traders tweak portfolios and positions with no solution to the fiscal cliff and only two more trading days left in 2012......
Techquity: Apple CEO's huge pay cut, rating boost for Amazon
Dec 27 - Apple CEO Tim Cook has his compensation slashed while Amazon comes out ahead in a new survey......
DAILY DIGIT: 350,000 new jobless claims
Dec. 27 - New jobless claims fall to 350,000, could signal pickup in hiring. Jeanne Yurman reports......
Obama returns to Washington as fiscal cliff looms
Dec. 27 - U.S. President Barack Obama returns to Washington to attempt a last minute solution to avert the fiscal cliff. Rough Cut (no reporter narration)......
Trading at Noon: Wall St extends losses; volatility jumps
Dec 27 - U.S. stocks fell to session lows after Senate Majority Leader Harry Reid said we're headed over the fiscal cliff......
3XSQ: Amazon.com finishes first
Dec 27 - Survey indicates shoppers still prefer the web retailing giant......
Markets fall amid fading hopes of last-minute fiscal cliff deal
Stock markets fell on both sides of the Atlantic as hopes faded that President Barack Obama can cut a last-ditch deal to prevent the US being hit by a blitz of tax rises and spending cuts next week.<img width='1' height='1' src='http://telegraph.f.....
FT owner Pearson to buy 5pc stake in Barnes & Noble's Nook arm for $89.5m
Financial Times owner Pearson is to buy a 5pc stake in Barnes & Noble's Nook Media unit for $89.5m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2704f225/mf.gif' border='0'/><br/><br/><a h.....
Punch perks up as Morgan Stanley increases stake
Pub group flirts with six-month high on news of Morgan Stanley stake.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2704563e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....
Is the Coalition up to the task of helping businesses?
As we look ahead to 2013 and think about the key drivers of economic growth, there are three things that we must all keep in the forefront of our minds: scale, urgency, and delivery.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....
Goldman Sachs senior staff 'got average pay deal of 1.8m'
Goldman Sachs senior staff in the UK received an average pay deal of .18m last year, according to regulatory filings.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2703f8ae/mf.gif' border='0'/><br/><.....
Travelodge staff seek assurances over future of 49 hotels
Staff at Travelodge have raised fears over jobs after it emerged the budget hotel chain has so far offloaded only two of 49 properties marked for disposal as part of a deal to avoid administration.<img width='1' height='1' src='http://telegraph.fe.....
Debt crisis: Shares in troubled Spanish bank Bankia plunge
Shares in crisis-ridden Spanish bank Bankia plunged again as details of a public rescue exposed the extent of its problems.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27038277/mf.gif' border='0'/><br/&g.....
Lonmin says ill chief executive to step down
Platinum miner Lonmin on Friday said chief executive Ian Farmer, off work since August owing to "serious illness", was stepping down permanently from his role at the troubled group.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
EU clears Dexia's 90bn restructuring plan
The European Commission has approved the latest, 90bn restructuring plan for Dexia, a Franco-Belgian bank bailed out at the height of the financial crisis which has struggled ever since.<img width='1' height='1' src='http://telegraph.feedsportal.c.....
Irish house prices rise at fastest pace in six years
House prices in Ireland rose at the fastest pace in more than six years in November, as the country recovers from Europe's worst real estate crash.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270374e9/mf.gif' .....
Mike Lynch accuses Hewlett Packard of changing its story
Mike Lynch, the British technology entrepreneur at loggerheads with Hewlett Packard over alleged accounting fraud at Autonomy, has accused the US computer giant of changing its story as it goes along.<img width='1' height='1' src='http://telegraph.....
French recovery weaker than estimated
The French economy grew less than initially estimated in the third quarter, falling to 0.1pc from 0.2pc previously, according to the country's national statistics institute.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....
Guinness 'almost dropped Irish links over IRA'
Guinness was prepared to play down its ties with Ireland in the 1980s.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270263a7/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/.....
Britain's workforce heading for 'hard-slog year'
Britain's workforce is facing a year of "higher unemployment, longer hours and continued real pay squeeze", employment analysts have warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/270263a8/mf.gif' border=.....
2012: A year of CEO departures
It was a year of big-name depatures - some left of their own accord, some were forced out.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2701be5b/mf.gif' border='0'/><br/><br/><a href="http://d.....
Britain's top regulator to get 260,000 a year
Britain's top regulator, who will be responsible for overseeing the country's largest banks, can expect to pocket 260,000 a year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2701be5c/mf.gif' border='0'/><.....
Lonmin says ill chief executive to step down
Platinum miner Lonmin on Friday said chief executive Ian Farmer, off work since August owing to "serious illness", was stepping down permanently from his role at the troubled group.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
Barack Obama in last-ditch talks as fiscal cliff fears grow
Barack Obama will meet congressional leaders for last-ditch talks on a deal to avoid automatic tax rises and spending cuts as fears grew that America's economy will fall over the so-called fiscal cliff in days.<img width='1' height='1' src='http:/.....
IPOs fall to lowest level since financial crisis after Facebook
Initial public offerings have fallen to the lowest level since the 2008.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2700be94/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/.....
New year, new job? How to find the job you really want in 2013
If you are job-hunting in the new year, you could enlist the help of the National Careers Service, a free helpline and resource centre which helps you think about what it is you really want to do for a living.<img width='1' height='1' src='http://.....
What is the fiscal cliff?
US President Barack Obama will meet congressional leaders today at the White House for last-minute talks. Here we look at what at the "fiscal cliff" means.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26ffac5d/.....
HP reveals DoJ has opened probe into Autonomy fraud claims
The US Department of Justice has opened an investigation into allegations of accounting fraud at Autonomy, the UK software maker acquired by Hewlett-Packard last year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
Alex: It's A Wonderful Crisis - part 5
<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26ffac5f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/153442569772/u/3/f/568300/c/32726/s/26ffac5f/a2.htm"><img src="h.....
New Balance in fight to keep footprint in America
New Balance is determined to make shoes in the US, but the challanges facing the company to keep doing so are growing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26ff6ea8/mf.gif' border='0'/><br/><.....
Porsche wins dismissal of $1bn hedge fund lawsuit
Porsche has won the dismissal of a lawsuit by 26 hedge funds that accused the German car maker of causing more than $1bn of losses by cornering the market in Volkswagen shares.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726.....
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