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Sunday 5 February 2012

UK Financial News on 2012-02-05

Greek leaders pause bailout talks
Party leaders in Greece's ruling coalition end talks on details for a crucial 130bn-euro EU rescue plan without agreement......

Government to oppose rail bonuses
Transport Secretary Justine Greening says she will vote against bonuses for senior Network Rail executives at the company's annual general meeting......

PM urged to cut wind farm subsidy
More than 100 Conservatives are among MPs who have written to the prime minister calling on him to slash subsidies for onshore wind turbines......

Work contacts 'cut dropout rate'
The more young people come into contact with employers the less likely they are to drop out of school and become unemployed, research suggests......

Annuity sales 'unfair and opaque'
The way annuities are sold is costing half a million retirees each year as much as 1bn in future pension income, the National Association of Pension Funds says......

High Streets bid for 1m funding
The government is looking for 12 run down High Streets in England to share 1m as a part of plans proposed by TV retail guru Mary Portas......

Europe hit by Russia gas shortage
Freezing weather sweeping across Europe is causing a shortage of vital Russian gas supplies to several countries, officials say......

England players go unsold at IPL
Seven England players and Ireland batsman Kevin O'Brien fail to attract bids at the Indian Premier League auction......

VIDEO: Your Money: Tips on money management
In this week's Your Money, Declan Curry looks problems with pensions, considers the benefits of credit unions and gets some top tips on how to manage your money......

Tales of woe from the roaming professionals
When working in a new country can prove unlucky.....

People problems plague Gulf start-ups
Staffing issues plague Gulf start-ups.....

Debt questions answered by an expert
A consumer expert answers readers' questions about debts.....

Police begin clearing Occupy DC protest site
Feb. 4 - Police removed bedding and some tents at an "Occupy" protest site justblocks from the White House, enforcing a no-camping rule. Rough Cut (no reporter narration).....

Obama calls on Congress to come to the aid of homeowners.
Feb. 4 - U.S. President Barack Obama urges Congress to pass his proposal to provide up to $10 billion in aid to struggling homeowners. Deborah Lutterbeck reports......

John Timpson: You are never too experienced to stop learning
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/1c6ac486/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....

Steel City son stands out from Silicon crowd
What do football manager Neil Warnock, crooner Tony Christie, and an obscure Californian software business all have in common? Strangely, they've all used the "Made in Sheffield" marque to help sell their wares.<img width='1' height='1' src='http:.....

Eastern markets offer an Aladdin's Cave of potential
It's hard not to be impressed by the pace of change in China and the sheer scale of the potential business opportunities to be seized.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c6af6fc/mf.gif' border='0'/&g.....

Greece falters in debt talks with creditors
The Greek PM has failed to secure a bondholder agreement despite appealing for help from the bosses of the IMF and the ECB to help break the dangerous deadlock.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c6a.....

Prime Minister faces backlash over 'anti-business' agenda
The Prime Minister will today face a stormy showdown with Britain's business leaders who are dismayed about the Government's perceived anti-business agenda.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c6a9109.....

Barclays boss's pay package to top 11m
Bob Diamond's potential 11m pay packet at Barclays is set to reignite the continuing row over bankers' bonuses.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c6a910a/mf.gif' border='0'/><br/><br/>.....

Dubai abandons $10bn debt restructuring
Dubai's government has walked away from the $10bn debt restructuring of one of its biggest conglomerates, leaving creditors, including RBS, with exposure to potentially big losses.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....

European Commission may probe 'Glenstrata' merger
Xstrata and Glencore could face an unexpected competition hurdle to their proposed 50bn merger, with the EC poised to ignore earlier ruling that would have avoided investigation.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....

Taylor Wimpey alone in Majorca
The debt crisis has left the British construction firm as the last homebuilder still actively developing on the Spanish island.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c6a910d/mf.gif' border='0'/><b.....

'Michael Jackson perfume' strikes a sour note
A High Court case is set to involve England footballer Shaun Wright-Phillips, the late pop star Michael Jackson and a convicted fraudster who claims to have created the world's most expensive perfume.<img width='1' height='1' src='http://telegraph.....

BP profits in line to beat rival Shell
BP is expected to post higher fourth-quarter profits than Shell this week - the first time in a year that the troubled oil group's profits have beaten those of its arch rival.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....

Businesses cut investment amid gloomy outlook
Britain's growth potential is looking increasingly downbeat with a slew of gloomy industry reports today warning firms are reining in investment plans amid economic woes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....

US hedge funds capitalise on Lehman collapse
It may sound impossible but one of the best financial investments of the past three years has been a collapsed bank. And not just any bank but Lehman Brothers, the world's biggest bankruptcy.<img width='1' height='1' src='http://telegraph.feedspor.....

Surprise suitor emerges for Peacocks
Thousands of workers at beleaguered retailer Peacocks have been given renewed hope that their jobs might be saved after it emerged a Pakistani billionaire is working on a rescue bid for the chain.<img width='1' height='1' src='http://telegraph.fee.....

Afren explores new oil and gas frontiers
Osman Shahenshah is full of surprises. After all, not many chief executives believe they directly owe their existence to President John F Kennedy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c6a8f6c/mf.gif' b.....

Employers warn on 'quickie apprenticeships'
The value of apprenticeships is being dragged down by "quickie" courses that do not lead to proper jobs, employers warned on the eve of a speech by the Business Secretary to promote the on-the-job training scheme.<img width='1' height='1' src='htt.....

Commodities: Glencore tie-up will create a global leader
The talks between Glencore and Xstrata over an $88bn (57bn) merger, the biggest mining deal ever seen, are promising to shake up the world of commodities.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c6a8f6e/m.....

Bank move could make pensioners poorer
Savers on the verge of retirement are facing the prospect of becoming "permanently poorer", as the Bank of England prepares to expand its programme of quantitative easing (QE) by 50bn later this week.<img width='1' height='1' src='http://telegraph.....

Glaxo units compete for 1.1bn of funding
Drugs giant GlaxoSmith Kline (GSK) will reveal the results of a Dragons' Den-style review of its research projects this week, after departments competed for 1.1bn of funding.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

SMEs hit as bank lending slides
Bank lending is set to fall for the first time in three years, hitting businesses and consumers, according to research.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c6a67d8/mf.gif' border='0'/><br/>&l.....

Obituary: Nigel Doughty
Nigel Doughty, the venture capitalist who has died aged 54, made a fortune buying "risky businesses" and then spent much of it on the Labour Party and Nottingham Forest Football Club.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....

French socialists' Latin revolt against Germany
The half-century habits of Franco-German condominium die hard. It is a painful process for French elites to admit that monetary union is asphyxiating their economy and must inevitably trap France in mercantilist subordination to Germany.<img width.....

A messy but steady-as-she-goes monetary policy suits the world just fine
At this week's meeting, the MPC may well decide to undertake another 50-75bn of Quantitative Easing (QE). Some will think this too small; some will think it too big.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....

Business week ahead: February 6 - 10
Barcap staff face bonus cut-back, and results from Rangold, Xstrata and Reckitt Benckiser.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c69fa7b/mf.gif' border='0'/><br/><br/><a href="http://d.....

Clothing retailer Musto to refinance its debts
Outdoor clothing specialist Musto is set to become the latest retailer to refinance its debts as the consumer economy continues to disappoint.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c69c232/mf.gif' borde.....