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Sunday 12 February 2012

UK Financial News on 2012-02-12

Greek MPs pass austerity package
Greek MPs pass an unpopular austerity bill crucial for a 130bn euro ($170bn; 110bn) bailout, as protesters clash with police outside parliament......

New deals as stamp duty holiday ends
Buyers are being urged not to rush into hasty property transactions just to benefit from the stamp duty holiday which is due to end next month......

Bankers are arrested in tax probe
A number of bankers, including four from the Royal Bank of Scotland, have been arrested in a tax fraud inquiry, investigators reveal......

Israel nationwide strike is over
Israel's main trade union federation has ended a five-day strike which closed government offices and key transport hubs......

Dyson intends to create 300 jobs
The engineering firm Dyson says it has made 1bn turnover for the first time and will create 300 skilled jobs......

Greek unrest as MPs vote on cuts
Protests grow in the Greek capital, Athens, with buildings set alight as MPs vote on an unpopular austerity bill crucial for a 130bn euro bailout......

VIDEO: Your Money: Heating bills, tax breaks and insurance
In this week's Your Money, Declan Curry looks at pensioners who are not claiming enough help with their heating bills, tax breaks ending for first time buyers, and home insurance claims......

VIDEO: Stamp duty holiday ends
First-time buyers are being urged not to rush into hasty property transactions just to benefit from the stamp duty holiday which is due to end next month......

VIDEO: Civil disquiet hits Bahrain's economy
Pro-democracy calls in Bahrain failed to grow into the type of uprising that saw several leaders ousted in the Arab Spring, yet civil disquiet still appears to be having a negative impact on the tiny gulf state's economy......

VIDEO: Greek cabinet agree austerity plan
The Prime Minister of Greece, Lucas Papademos, has insisted his country must do "whatever it takes" to avoid bankruptcy and catastrophe......

Singapore Airshow sets 'big' aims
Singapore Airshow aims big despite global uncertainty.....

Metal substitutes stop thieves
How new materials are thwarting the scrap thieves.....

Slump in shipping freight sparks fears for world trade
Fears are rising for the state of the shipping industry after it emerged operators are now paying clients to use their ships.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c97fea9/mf.gif' border='0'/><br/.....

Provincial towns to benefit from Olympic 'ripple effect'
Towns including Oldham, Slough and Weymouth could be among the unlikely beneficiaries of an Olympic boost to their struggling high streets this summer, according to retail analysts.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....

MF Global returns 7.6m to clients
MF Global's UK administrator has released the first tranche of client funds trapped at the broker when it collapsed last year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c97b80a/mf.gif' border='0'/><br.....

Timis's African Minerals facing 25m writ
African Minerals, the listed mining group run by controversial entrepreneur Frank Timis, is facing a multi-million pound legal challenge from its former financial adviser.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Iran presses ahead with dollar attack
Last week, the Tehran Times noted that the Iranian oil bourse will start trading oil in currencies other than the dollar from March 20. This long-planned move is part of President Mahmoud Ahmadinejad's vision of economic war with the west.<img wid.....

Glasenberg shuns Glencore-Xstrata investor road show
Mick Davis, the chief executive of Xstrata, will step up efforts to get shareholder approval for the 53bn deal with rival mining group Glencore without any help from Ivan Glasenberg, his opposite number.<img width='1' height='1' src='http://telegr.....

Virgin Media gears up for death of group viewing
Watch TV is no longer a family affair and demands faster broadband.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c97b80f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/126.....

Always the best of Friends as Britons head back to rent
Friends-style flatshares could become more popular in the UK .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c97b261/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/12617922.....

City attacks 'flawed' EC analysis of transaction tax merits
An Alliance of bankers and city trade associations today attacks "flawed" analysis by the European Commission of the merits of a financial transactions tax and highlights an apparent contradiction in the commission's stance on derivatives trading.<.....

City attack 'flawed' EC analysis of transaction tax merits
An Alliance of bankers and city trade associations today attacks "flawed" analysis by the European Commission of the merits of a financial transactions tax and highlights an apparent contradiction in the commission's stance on derivatives trading.<.....

Financial Transaction Tax is unworkable: the letter in full
An alliance of bankers and city trade associations have attacks "flawed" European Commission analysis of the merits of a financial transactions tax and highlighted an apparent contradiction in the stance on derivatives trading. Here is the letter:<.....

Bookies shops are not a 'blight on the High Street'
The head of the bookmakers' trade body has hit back at calls from the Government's retail guru, Mary Portas, for the authorities to make it harder to open betting shops.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....

Unloved bookmakers can bring life to a vacant High St
Bookmakers believe they can help revitalise the stuggling High Street, but the anti-gaming rhetoric needs to go and consumers must be allowed to decide what they can and cannot enjoy.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....

Greek protestors greet bailout vote with fire-bombs
Fire-bombs and tear gas greeted negotiations at Greek Parliament on Sunday over the contraversial loan and austerity package to avoid the country facing financial meltdown and being thrown out of the euro-zone.<img width='1' height='1' src='http:/.....

BAE Systems may shift expertise overseas
BAE considering move to offset extensive UK and US spending cuts.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c979e58/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/12617.....

Mamas & Papas founders take pram firm on global push
Despite its growth, Luisa and David Scacchetti's M&P is a family affair.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c979e59/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal......

RBS and Jefferies staff held as tax evasion investigation widens
Several Royal Bank of Scotland (RBS) employees and up to three staff of Jefferies, the investment group, are among City workers who have been arrested as part of a criminal tax fraud investigation.<img width='1' height='1' src='http://telegraph.fe.....

Vodafone distances itself from CWW speculation
Vodafone has distanced itself from reports that it is weighing up a 700m bid for troubled telecoms company Cable & Wireless Worldwide.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c979e5c/mf.gif' border='0.....

RBS 'trying to fool people' over lending
The Royal Bank of Scotland was accused of "trying to fool people" over its lending record, by citing a controversial little-known target that it claims to have met - despite being understood to have missed the government's benchmark measure.<img w.....

The spectre of deflation rises as inflation falls
Cash-strapped households should be helped by a sharp fall in inflation this week but it carries with it the seeds of an equally uncomfortable outcome - deflation.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c.....

Germany's Carthaginian terms for Greece
The last time Germany needed a bail-out from world creditors, it secured better terms than shattered Greece last week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c975b0d/mf.gif' border='0'/><br/><.....

Business week ahead: February 13-17
Cost of living data and the latest Inflation report will dominate economics, while on the corporate front miner Anglo American, Intercontinental Hotels and ailing chocolate maker Thortons report.<img width='1' height='1' src='http://telegraph.feed.....

Questor share tip: James Fisher made a good contract win in Angola
The shipping industry has been in the headlines recently as freight rates have plunged, but James Fisher's specialist expertise is in demand.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c953b27/mf.gif' border.....

Questor share tip in depth: time to sell Reckitt Benckiser
Questor takes an in-depth look at Reckitt Benckiser now the company's new CEO has unveiled his strategy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c953b28/mf.gif' border='0'/><br/><br/><a .....

Questor share tip: Low & Bonar is performing
Low & Bonar manufactures performance materials that are used in floors, yarns, fabric and plastics. It is essentially an industrial fabric maker.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c953b29/mf.gif.....