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Sunday 11 March 2012

UK Financial News on 2012-03-11

Greece focus of Eurogroup talks
Finance ministers from eurozone nations are set to discuss the final approval of Greece's second bailout at a meeting on Monday......

Sarkozy threat over open borders
President Nicolas Sarkozy tells a campaign rally that France will withdraw from Europe's open borders agreement unless illegal immigration is tackled......

RBS bailout 'needed UK approach'
An independent Scotland would have relied on UK government cash to save Royal Bank of Scotland from collapse, the deputy first minister says......

India reverses cotton export ban
India reverses a ban on cotton exports just six days after announcing the policy, following outrage from farmers......

GKN 'planning Volvo engine deal'
GKN is reported to be in advanced talks to buy the aircraft engine unit of Volvo for 800m......

Expert witnesses accused of lying
About 20,000 court cases may have to be re-heard after allegations emerge claiming that expert witnesses employed by insurance firms lied in court......

Coke and Pepsi alter ingredient
Coca-Cola and Pepsi change how they make an ingredient in their drinks in the United States to avoid having to put a cancer warning label on the bottle......

AUDIO: Is a mansion tax fair?
Richard Murphy from Tax Research UK and Matthew Sinclair of the Taxpayers' Alliance debate whether a mansion tax would be a good deal for taxpayers......

VIDEO: Your Money: Can you avoid mortgage hikes?
In this week's Your Money, Declan Curry looks at increasing interest mortgage bills, scam websites targeting heating oil customers, and how to keep credit card fraudsters at bay......

A ray of hope for Japan's tsunami-hit businesses
The saki maker rebuilding its business after the tsunami.....

Countrywide in 21m provision for property value claims
Countrywide, the UK's largest estate agent, is facing an avalanche of legal claims dating back to valuations it gave prior to the credit crunch in 2008.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d56ec93/mf......

Investors plump up their holdings as gold continues its surge upwards
Goldbugs are feeling their most bullish in months, it seems.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d56e266/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1286431326.....

For Aggreko's Rupert Soames, every cloud has a gold lining
The world's disasters and extreme volatility have helped to empower energy company Aggreko.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d56e267/mf.gif' border='0'/><br/><br/><a href="http://.....

Call for inquiry into bank mis-selling scandal
The Treasury is under pressure to conduct a full inquiry into a potential mis-selling scandal, which has seen hundreds of small businesses buying complex and costly financial derivatives.<img width='1' height='1' src='http://telegraph.feedsportal......

Investor unrest at Trinity Mirror CEO's pay
Four leading investors in Trinity Mirror have expressed disquiet at the high levels of executive pay at the media company.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d56e26a/mf.gif' border='0'/><br/>.....

IBM supercomputer Watson heads to the UK
IBM is bringing Watson, the supercomputer that became a television star in the US, to Britain to tap demand from companies keen to profit from the growing volume of data they generate in the digital age.<img width='1' height='1' src='http://telegr.....

'Made in Japan' stamp to disappear as tsunami sees industry move out
'Made by Japan' will increasingly replace the 'Made in Japan' stamp on the goods the world buys, as the prolonged impact of the country's devastating tsunami pushes manufacturing overseas, according to economists.<img width='1' height='1' src='htt.....

Greek bail-out to get sign-off from eurozone ministers
Eurozone finance ministers are expected to rubber-stamp Greece's bail-out on Monday, despite concerns the country could need another rescue package.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d56bc7f/mf.gif'.....

China has biggest trade deficit for 20 years
China has recorded its largest trade deficit in more than two decades as Europe's sovereign debt crisis subdued exports and oil imports rocketed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d56bc83/mf.gif' bo.....

Global liquidity peak spells trouble for late 2012
The global liquidity cycle has already rolled over. Assuming that no fresh action is taken, world economic growth will peak within a couple of months and then fade in the second half of the year - with grim implications for Europe's Latin bloc.<im.....

Tough times ahead for the biodiesel sector
Tucked away in Glencore's latest set of annual results was something of a warning.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d568a82/mf.gif' border='0'/><br/><br/><a href="http://da.feedsp.....

Can 'foreign' car giants revive British industry?
In the boardrooms of automotive manufacturers, the leading positions taken by a number of UK executives reveals our influence is still alive and well.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d568a85/mf.gi.....

If the Chancellor has cash to spare, his best bet is to tuck it away safely
The tension is mounting, as we get ever closer to the exciting March event which can make the difference between financial heaven and hell.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d568a86/mf.gif' border='.....

The week ahead in business and economics: March 12-16
Prudential and L&G report earnings and unemployment figures are out.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d568775/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/.....

Larry Lamb: My biggest regret? Paying into a pension
Larry Lamb, 64, is best known for his roles in EastEnders and Gavin & Stacey.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d5409ad/mf.gif' border='0'/><br/><br/><a href="http://da.feedspo.....

Dashwood: Economy class Britain doesn't fly at MIPIM
Some heavyweights from the British contingent were missing from this year's MIPIM real estate jamboree in Cannes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d53dd26/mf.gif' border='0'/><br/><br/&.....

'The Budget must get credit flowing'
The boss of Vimto-maker Nichols explains why the Chancellor must look past traditional financing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d53dd29/mf.gif' border='0'/><br/><br/><a href="h.....

Clydesdale and Yorkshire Banks sale sticks over pensions deficit
NBNK is to tell National Australia Bank it must either subtract the cost of its UK branches' 200m-plus pension deficit from the price it is willing to pay, or fund it itself.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

BP's $7.8bn settlement seeks support on Gulf Coast
BP's $7.8bn (5bn) Gulf of Mexico settlement has received a boost after one of the Gulf Coast's leading lawyers signalled he was likely to advise thousands of plaintiffs to participate.<img width='1' height='1' src='http://telegraph.feedsportal.com.....

Crown Estate plans land sell-off to house builders
The Crown Estate, the organisation that owns property on behalf of the Queen, is planning to sell off swathes of its 1bn land portfolio to housebuilders.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d53da6e/mf.....

Builders hope for mortgage guarantee boost
Britain's housebuilders are hoping that Monday's launch of the flagship pillar of the Government's housing strategy will offer them an unprecedented boost.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d53da6f/.....

Civil court cases cost taxpayers 612m
The UK taxpayer is paying millions of pounds to fund court costs associated with wealthy overseas businessmen and corporations settling their disputes in London.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d5.....

Questor share tip: Old Mutual's African exposure is attractive
Back in March 2009, Old Mutual was what you might call an undesirable investment.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d53d7d1/mf.gif' border='0'/><br/><br/><a href="http://da.feedspo.....

Questor share tip: don't call time on JD Wetherspoon yet
JD Wetherspoon shares have lost some of their fizz since the pubs chain warned in January that high costs were driving down profit margins.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d53d7d2/mf.gif' border='.....

Think Tank: Facebook - from social to commercial
The web giant is courting advertisers, but research shows it may not be the best place for brands to grow, writes Laurence Green.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1d52d403/mf.gif' border='0'/><.....