Search This Blog

Sunday 22 January 2012

UK Financial News on 2012-01-22

Profit warnings in UK 'jump 70%'
The number of UK firms who warned that profits would be lower than expected rose by more than 70% in the last quarter of 2011, a report says......

Talks on Greek debt deal hit snag
The chief negotiators for Greece's private creditors leave Athens without securing a deal to write off some of the country's debts......

No bonus for RBS boss - Miliband
Labour seek to ratchet up the pressure on bank bonuses, saying RBS boss Stephen Hester should not get one......

Third of adults 'to spend less'
A growing number of people in the UK plan to cut back on their spending this year, a survey suggests......

Quicker Farepak payouts sought
An MP urges the government to speed up the compensation process for Farepak families after it emerged 200 customers have died before receiving money......

Ashdown will oppose benefits cap
Former Lib Dem leader Lord Ashdown says he will vote against coalition plans for a cap on benefits paid to households, unless more is done to cushion the impact of the policy......

Insurers 'undervalue car wrecks'
Complaints to an ombudsman about motor insurance rose by 29% last year - with key gripes including valuations of written-off vehicles......

Cruise ship firm faces US lawsuit
Passengers from the cruise ship that ran aground off Italy last week are launching a class-action suit in the US against the owners, the BBC learns......

2012 mascot factory claims probed
The London 2012 Organising Committee (Locog) is investigating claims over pay and conditions at a factory in China where toy mascots for the Games are made......

VIDEO: 'Insurers undervalue wrecked cars'
Complaints to an ombudsman about motor insurance rose by 29 per cent last year - with key gripes including valuations of written-off vehicles......

VIDEO: Many 'planning to cut their spending'
A third of people in Britain intend to cut back their spending this year, according to a new survey......

VIDEO: UK troops could face tax penalty
Members of the armed forces serving in Afghanistan could be fined if they fail to submit their tax returns on time......

VIDEO: Will summit focus on oil or new energy?
The Gulf is hosting the World Future Energy Summit - but are the delegates focusing on alternative energy - or on Iranian oil?.....

VIDEO: Unemployed pay higher car insurance
Car insurance premiums for unemployed people are, on average, 30 per cent higher than for those who are in work, according to research by the BBC......

Freedom to move: Older professionals in new life abroad
Why older workers thrive when moving abroad.....

Dragon babies spark spending spree
The Year of the Dragon pushes up costs of child birth.....

Q&A: World Economic Forum Davos 2012
Does the annual meeting of the WEF still have a purpose?.....

EU plans embargo on Iranian oil
What impact would an EU ban on imports of Iranian oil have?.....

Making money from your old mobile
How to make the most from selling your mobile.....

Little glitter for gold in Syria
Jan. 22 - Gold price hike devastates gold market in protest-hit Syria. Deborah Lutterbeck reports......

Open for business in Syria
Jan. 21 - Street markets affected but still bustling in Syria despite crisis. Deborah Lutterbeck reports......

Success built on a wealth of rewards
Ladies and gentlemen, welcome to the Cirque du Soleil," cries a voice over the loudspeaker at London's Royal Albert Hall.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c0b2bc2/mf.gif' border='0'/><br/>.....

Buyout groups look at Peacocks rescue
Thousands of jobs at fashion house Peacocks could be saved after it emerged that three private equity houses are considering bidding to buy the group out of administration.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

Pre-pack administration deals used to dump debt says ABI
Pre-pack administrations are being actively marketed by restructuring advisers as a way of dumping debt and casting off troublesome creditors, according to the Association of British Insurers.<img width='1' height='1' src='http://telegraph.feedspo.....

At current yields, government bonds are a disaster waiting to happen
To those who thought that gilts (UK government bonds) were "resting on a bed of nitroglycerine", the past year has been an expensive experience.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c0b02f1/mf.gif' bor.....

Cyrte in battle for control of Endemol
Cyrte Investments is vying to gain control of Endemol, in a deal which would see the television production giant back in the hands of John De Mol, its founder.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c0b0.....

Investors scoop 67bn as dividends hit a record high
Investors were handed a record 67.8bn in dividends by UK-listed companies last year following a series of "distorting factors".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c0b02f4/mf.gif' border='0'/><b.....

Ed Miliband urges David Cameron to block bonus for RBS chief Stephen Hester
Opposition leader Ed Miliband has challenged the Prime Minister to block Royal Bank of Scotland (RBS) chief executive Stephen Hester's bonus in a move likely to raise eyebrows across the Square Mile.<img width='1' height='1' src='http://telegraph......

UK animators in plea for tax breaks
The UK's animation industry is "scrabbling for crumbs, selling up and shipping off" because production companies cannot compete against tax breaks offered overseas, the companies behind Wallace & Gromit, Peppa Pig and In The Night Garden have war.....

Allen Stanford goes on trial for Ponzi scheme
The trial of Allen Stanford, one of the most serious court cases to emerge from the financial crisis, is to start on Monday in a Houston courtroom.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c0ad414/mf.gif' .....

Dan Wagner: ideas man with a knack for finding the next big trend
Serial technology entrepreneur Dan Wagner explains why he's not afraid to take chances when it comes to invention.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c0ad1e4/mf.gif' border='0'/><br/><br/.....

Greek debt talks stall over interest rate on bonds
Crucial talks between Greece and private creditors on debt restructuring stalled over the weekend, with a dispute over the interest rate to be paid on new bonds.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c0.....

Italy and Spain call for eurozone rescue fund booster
Political leaders in Italy and Spain have called for a massive boost to the EU rescue fund and a blast of monetary stimulus by the European Central Bank (ECB), putting them on a collision course with Germany over the handling of the eurozone crisis.&.....

America overcomes the debt crisis as Britain sinks deeper into the swamp
Britain has sunk deeper into debt. Three years after bubble burst, the UK has barely begun to tackle the crushing burden left by Gordon Brown. The contrast with the United States is frankly shocking.<img width='1' height='1' src='http://telegraph......

Commodities: gold equities could finally start to perform
Gold equities have underperformed for more than a year despite the gold price hitting a series of new all-time highs. But things could be about to change.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c0b0a42/m.....

Commodities: gold equities could finally start to perform
Gold equities have underperformed for more than a year despite the gold price hitting a series of new all-time highs. But things could be about to change.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c0a8f71/m.....

Anadarko lines up for Rockhopper
US oil group Anadarko Petroleum has joined the growing list of potential investors that could either team up with, or take over, Falkland Islands oil exploration company Rockhopper.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....

John Timpson: bag a bargain business - but know the pitfalls
The management column: Straight-talking, common sense from the front line with John Timpson.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c09ece4/mf.gif' border='0'/><br/><br/><a href="http:/.....

The week ahead in business and economics: January 23 - 27, 2012
Land Securities will deliver its insight into the state of the high street on Tuesday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c09ece7/mf.gif' border='0'/><br/><br/><a href="http://da.fe.....

Mario Monti calls for doubling of eurozone bail-out fund
Italian Prime Minister Mario Monti has called for the eurozone to double the size of the region's permanent bail-out fund to help stricken states.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c09bbeb/mf.gif' b.....

'Apprentice' Tom Pellereau hung on to his first business venture by his fingernails
Lord Sugar wasn't searching for an apprentice in the 2011 BBC series of the same name. He wanted an entrepreneur. And that's exactly what he found in Tom Pellereau.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

Britain in the midst of first double dip since the 1970s
Britain's economy is in the grip of its first double-dip recession for 35 years, City forecasters believe.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c07f922/mf.gif' border='0'/><br/><br/><.....

Think Tank: Education policy paves the way for the next Mark Zuckerberg
Last week the Education Secretary, Michael Gove, started a consultation on what the new Web 2.0 technology curriculum for schools needs to contain, writes Emma Barnett.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....

Questor share tip: Pennon offers an uncommon mix of defensiveness and upside
Friday's announcement that China Investment Corporation (CIC) has bought a stake in Thames Water failed to set the sector alight. This is the market acting sensibly and not expecting a wave of takeovers in the sector.<img width='1' height='1' src=.....

Questor share tip: BAE shrugs off spending slump
Things have been very difficult for defence contractors of late, as the financial crisis means that defence budgets across the globe are being slashed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c07b017/mf.g.....

The most powerful brands in Britain- in pictures
Tesco may have been relegated from the brand premier league for the first time this year, but which companies are the most powerful when it comes to pushing their products? Here are the top ten UK brands, according to TLG/Populus's Thought Leadership.....