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Sunday 26 February 2012

UK Financial News on 2012-02-26

Gulf oil disaster trial delayed
The civil trial over the 2010 Deepwater Horizon oil rig disaster, which was due to start on Monday, is delayed to allow for further talks on a settlement......

Brazil wants more say for EU aid
Brazil says developing nations would be happy to provide more money to ease the eurozone's debt crisis, in return for more power within the IMF......

First Sun on Sunday goes on sale
The first edition of the Sun on Sunday goes on sale after owner Rupert Murdoch oversees production......

Buffett says successor lined up
Warren Buffett says he has a successor in mind to replace him as boss of Berkshire Hathaway, but stops short of revealing a name......

Some Peacocks stores could reopen
The new owner of fashion retailer Peacocks said he hopes to reopen 75 stores from permanent closure, and re-hire some office staff......

Watchdogs warn on pension release
Strong warnings have been issued about the dangers of trying to take out money from your pension fund before you are 55 years old.....

Payday lender 'threats' apology
The payday lender MiniCredit apologises to customers who received emails threatening to contact their employers if they did not settle their debts......

Apple cuts push email in Germany
Apple has been forced to suspend push email for iCloud and MobileMe users on iOS devices following a German court ruling......

Burger King leaves jobless scheme
Burger King becomes the latest firm to pull out of the government's controversial work experience scheme for jobless people......

Treasure haul arrives in Spain
A haul of coins from a sunken Spanish galleon arrives in Spain after five years of legal wrangling with a US firm over who owned the treasure......

VIDEO: Your Money: Pay day loan pain
In this week's Your Money Declan Curry looks at the growing controversy over pay day loans and the problems that can pop up when buying second-hand cars......

VIDEO: Pitfalls of being a movie extra
Ahead of the Oscars on Sunday, a look at how some people get a taste of the Hollywood life by working as extras......

VIDEO: Firms 'should show more backbone'
A Conservative MP has spoken out in support of the government's controversial work experience scheme for jobless people, after Burger King became the latest firm to pull out of the project......

VIDEO: Sceptical savers stash cash at home
More than 5.6bn pounds in cash is being stashed away in homes across the UK, according to the Financial Services Compensation Scheme......

AUDIO: Will the Sun shine on Sunday?
The Sun on Sunday hits news stands this weekend......

UAE tries to tempt Chinese tourists
Spreading the word about holidays in the Gulf.....

Hong Kong entrepreneur finds opportunity in citys darkest moment
Opportunity comes in unusual form for Hong Kong coffee chain.....

Families hide wealth to avoid care fees
Families hiding their wealth to avoid care home fees.....

Are Greeks the hardest workers in Europe?
Are Greeks the hardest workers in Europe?.....

Gujarat state in the fast lane of Indian economy
Gujarat state in the fast lane of Indian economy.....

Geithner says Europe's work not done
Feb. 25 - U.S. Treasury Secretary Tim Geithner praises European leaders for the steps they have taken to tackle the debt crisis in the euro zone, but warns there is still much left to do. Geithner also says the IMF has the resources it needs and the .....

Michigan primary puts focus on Detroit's economic recovery
Feb. 25 - Detroit's economy now shows glimmers of hope, after an auto-industry bailout opposed by the Republican presidential candidates sparked a turnaround. Deborah Gembara reports......

Nike at top of its game
Feb. 24 - Nike adds more punch to its line-up with new galactic glow in the dark footwear and additions to its Nike+ tech sneakers, as it ramps up marketing and its fan base ahead of the Summer Games. Jill Bennett reports......

Rolls-Royce to set up safety committee
Rolls-Royce is to form a safety committee following heavy criticism of the British manufacturer for its handling of an engine blow-out on a Qantas A380.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf3e6c4/mf......

Orange set to challenge ARM's grip
The threat to ARM Holdings' grip on the smartphone market has increased with Orange announcing plans for a budget smartphone - using an Intel chip.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf3e4b4/mf.gif' .....

Osborne: UK has run out of money
The Government cannot afford debt-fuelled tax cuts or spending.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf3e4b5/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1276978.....

Fish pedicures catch on fast
Fish pedicure salons are opening at a far faster rate than fishmongers, figures show, highlighting the dramatically changing nature of the British high street.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf3e.....

David Ross faces showdown at Cosalt
David Ross, the millionaire founder of Carphone Warehouse, faces a showdown with hundreds of minority shareholders at oil services group Cosalt today. They are planning to revolt against his plans to delist the company next month.<img width='1' he.....

UK firms in danger of missing out on nuclear plant contracts
British companies will struggle to win the bulk of the 60bn expected to be spent building the next generation of nuclear plants, the Prime Minister has been told.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1c.....

David Levin: print journalism? Software has eaten the business
UBM chief executive David Levin on how the company's M no longer stands for Media.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf3dbae/mf.gif' border='0'/><br/><br/><a href="http://da.feedsp.....

Inside the Barbour factory - in pictures
Barbour has become one of Britain's fastest growing fashion labels, thanks to its range of fitted biker jackets and colourful quilted coats. Sales jumped 37pc to 123m in 2011. However, the famous green waxed jackets, which helped establish the compan.....

Padded bright pink sits well with the traditional Barbour green
It hits you the moment you walk in the door: a strong, unmistakable smell of wax.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf3dbb0/mf.gif' border='0'/><br/><br/><a href="http://da.feedspo.....

Prudential may move headquarters to Hong Kong
Britain's largest insurance company, Prudential, is considering moving its headquarters to Hong Kong.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf3dbb1/mf.gif' border='0'/><br/><br/><a hre.....

BP Gulf of Mexico oil spill trial postponed at the eleventh hour
The long-awaited trial into the Gulf of Mexico oil spill has been postponed at the eleventh hour to give BP more time to reach a settlement.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf3b921/mf.gif' border=.....

It may well turn out that we are watching not a Greek but a euro tragedy
Another week, another euro "solution". According to last week's plan, by 2020 the ratio of Greek national debt to GDP will be down to 120.5pc. You don't really need to know much more to see that we are in cloud cuckoo land.<img width='1' height='1.....

HSBC set to claw back 'mis-selling' bonuses
HSBC, Britain's largest bank, is set to claw back thousands of pounds of bonuses from executives after the mis-selling of nearly 300m of long-term care bonds to elderly customers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

Building bridges with East Asia will benefit the UK and promote trade
After being asked to enter the House of Lords in mid-2009, I discovered a little known fact: there aren't many active Parliamentarians originally from East Asia in Europe.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

John Timpson: tell mouthy staff any backbiting will mean dismissal
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/1cf3b0e3/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....

Spanish revolt brews as national economic rearmament begins in Europe
Spain's new prime minister has looked into the abyss and recoiled.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf369d4/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1276.....

Can silver keep up its polished performance?
Precious metals have been one of the best-performing asset classes of 2012 - with silver being the star performer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf33d49/mf.gif' border='0'/><br/><br/.....

The week ahead in business and economics - February 27 - March 2, 2012
HSBC will report its full-year results today that are expected to show the UK's largest bank made a pre-tax profit of more than $20bn (13.9bn), in stark contrast to the multi-billion pound losses unveiled last week by state-backed lenders, Lloyds Ban.....

George Osborne rules out more bailout funds without credible eurozone firewall
Britain and other leading economies are not ready to fund another eurozone bailout, UK Chancellor George Osborne said on Sunday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf2892d/mf.gif' border='0'/><.....

BP in the dock: the case explained
Trial tasked with deciding who is to blame for a disaster that killed 11 people, injured many more, threatened the future of BP and soured Anglo-American relations.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

Fewer sickness benefit claimants helped back to work than expected
The Government's drive to get people off long-term sickness benefits and back to work has suffered a setback after official figures showed far fewer claimants than expected in this category have been given support to find work, under a new employment.....

BP trial: in numbers
As the "trial of the century" gets under way in New Orleans, with BP and some of its suppliers in the dock over its Gulf of Mexico oil spill, here are some of the numbers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Questor share tip: Hayward's Genel is a speculative buy
Turkish oil group Genel Enerji, which was privately owned by businessmen Mehmet Emin Karamehmet and Mehmet Sepil, reversed into Vallares last year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf1843d/mf.gif' .....

Questor share tip: Berendsen should continue to clean up
Full-year numbers from textile group Berendsen on Friday showed that the new strategy is on track.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1cf1843f/mf.gif' border='0'/>.....

Starbucks to announce European revival
Starbucks is to announce a multi-million pound overhaul and expansion of its European business which will see hundreds more cafes opening in both the UK and across the continent.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....