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Sunday, 25 March 2012

UK Financial News on 2012-03-25

Army training to deliver petrol
Army drivers are being trained to deliver fuel to petrol stations around the country in anticipation of a possible strike by tanker drivers......

Spanish low-cost airline launched
Spain's Iberia launches a new entry in Europe's competitive market for low-cost airlines......

Ireland and China 'are similar'
The Irish prime minister says ahead of trade talks that the Republic of Ireland and China have a "surprisingly similar business culture"......

Canada and Japan in trade talks
Canada and Japan are to formally begin talks aimed at establishing a free trade agreement between the two countries......

Call to regulate comparison sites
Price comparison websites should be regulated because the information they provide is not always fair, a consumer group says......

Stamp duty holiday comes to end
The stamp duty holiday for first-time house buyers has ended, meaning they will join others in paying 1% tax on properties worth more than 125,000......

VIDEO: Hong Kong's new chief executive
Self-made businessman CY Leung has been chosen as Hong Kong's new leader after an unusually turbulent campaign......

VIDEO: Bahrain's 'business angels' helping start-ups
A group of young people in Bahrain has tried to boost the success rate of those going it alone in the private sector by starting a business angels fund......

VIDEO: Your Money: The Budget and Isas
Declan Curry on the effects of the Budget on working parents and pensioners, and how to make the most of your tax-free allowance......

VIDEO: Young collectors boost Middle East art
Artists in the Middle East have been given a boost by young people who are starting to collect their work......

VIDEO: Stamp duty holiday ends on property
The government is ending the stamp duty holiday for first-time buyers......

Internet privacy: Genuine concerns or paranoia?
Does it matter that you give away information on the internet?.....

German stands up for Greek wine
The German who specialises in Greek wine.....

Insurer confusion over drink driving
How much drink is too much for insurers?.....

Pension liabilities may double under EU rules
Britain's biggest companies may each see their pension liabilities more than double to 2.5bn under "destructive" new European proposals, with many schemes forced to close, an analysis warns.<img width='1' height='1' src='http://telegraph.feedsport.....

Barclays settles swap mis-selling case
Barclays has averted an embarrassing courtroom showdown over allegations its staff mis-sold complex financial products to small businesses by settling a key legal case just weeks before a trial.<img width='1' height='1' src='http://telegraph.feeds.....

Spark-plug maker Johnson Matthey is a breath of fresh air for all of us
Picture a plump, ripening strawberry. Good. Now a spark plug. Excellent. It's imagery Salvador Dali would have appreciated. But these are just two, apparently random objects, which are part of the same business - Johnson Matthey.<img width='1' hei.....

Blame Brussels, not us, says FSA after Prudential attack
The City watchdog has hit back at claims by Prudential that its policies are "ludicrous" and "horrendous", insisting it is just the middle man between government, Europe and industry.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....

Housing scheme 'favours big builders'
The flagship housing scheme launched by the Government is helping big builders at the expense of small and medium-sized firms, according to industry complaints.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dc6.....

Drug trials for rare facial nerve condition
A biotech business spun out of GlaxoSmithKline has begun trialling a potential drug to treat a condition so painful it is sometimes known as the "suicide disease".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1.....

Sir Richard Branson: UK must boost aviation capacity or watch headlong flight of lost trade
In the Budget, the Chancellor said the Government will conduct a review of the UK's aviation policy and it has been suggested it will examine the chronic lack of capacity at our airports in the South East of England.<img width='1' height='1' src='.....

Eurozone debt crisis: Germany 'must let bailout fund grow'
European leaders have united to urge Germany to agree to boost the "big bazooka" bail-out fund this week amid fears that markets will turn against Spain, Ireland and Portugal without urgent support.<img width='1' height='1' src='http://telegraph.f.....

NBNK set to bid for Lloyds branches
Lord Levene's NBNK is on Monday expected to launch a bid for 632 Lloyds Banking Group branches in a move that could torpedo the Co-op's efforts to buy the assets and reopen the sale process.<img width='1' height='1' src='http://telegraph.feedsport.....

Ireland dutifully gulped down the nasty medicine but is still in pain
The backdrop to the Chancellor's Budget last week was the assumption of gradual economic recovery.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dc5e590/mf.gif' border='0'/><br/><br/><a href=".....

Lloyd's set to disclose 10bn catastrophe bill
The Japanese tsunami and Australian floods will be blamed for causing losses of almost 700m in a six-month period at Lloyd's of London when the world's biggest insurance market unveils its results on Wednesday.<img width='1' height='1' src='http:/.....

Nick Clegg hails Korean trade deal as 2bn opportunity for Britain
Deputy Prime Minister Nick Clegg signed a trade agreement with South Korea that he said could create 2bn of export opportunities for British businesses and add 500m to the UK economy.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....

Gas fracking will revolutionise the US economy
The revolution in the natural gas sector promises to fundamentally rewrite the US economy and strengthen its position in the world order, according to new analysis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

John Timpson: fathers aren't in the best position to be objective about their son's ability
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/1dc586ee/mf.gif' border='0'/><br/><br/><a href="http:/.....

The week ahead in business and economics: March 26 - 30
Wolseley has become an economic bellwether since the credit crisis began in 2007, so there will be plenty of interest when the builders' merchant posts half-year results this week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....

Lewis Booth: the most powerful Briton in the car industry you've never heard of calls it a day
Lewis Booth, the Briton who has taken Ford back to profit explains why he is now saying farewell to the industry after four decades.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dc540bd/mf.gif' border='0'/>.....

Bank of England policymaker enters 'granny tax' debate
A senior policymaker at the Bank of England has waded into the "granny tax" debate, saying that young people have shouldered the heaviest financial burden during the economic downturn.<img width='1' height='1' src='http://telegraph.feedsportal.com.....

Sir Mervyn King says new financial stability tools are 'an experiment'
Sir Mervyn King, the head of the Bank of England, said the central bank knows "absolutely nothing" about how the policy instruments its new watchdog has asked for to combat systemic financial risks will work in practice.<img width='1' height='1' s.....

Budget 2012: George Osborne must learn to carry the country with him
Telegraph View: The Chancellor shows a lack of fellow feeling for those who will pay<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dc24b64/mf.gif' border='0'/><br/><br/><a href="http://da.feed.....

Questor share tip: Inchcape drives a leaner model
Shares in car dealership Inchcape have been a quite a journey over the last couple of weeks.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dc24b65/mf.gif' border='0'/><br/><br/><a href="http:/.....

Nicola Horlick to launch 2m film fund
Nicola Horlick, the financier dubbed one of the City's original "superwomen" in the late 1990s for her ability to mix family pressures with work, is launching a second fund to raise as much as 2m for film development projects.<img width='1' height.....

Budget 2012: stamp duty clampdown target 'unlikely to be hit'
The Government is unlikely to hit its targets for collecting tax from company-held residential property according to leading tax experts.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dc1382f/mf.gif' border='0'.....

Stake in Thames Water up for sale
A stake in Thames Water has been put up for sale for up to 700m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dc13830/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/129200.....

Birds Eye owner Iglo goes on sale for 3bn
Iglo Group, the owner of the Captain Birds Eye frozen food brand, is to be put up for sale with a price tag of almost 3bn (2.5bn).<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dc13831/mf.gif' border='0'/>&l.....

London printing business embroiled in swaps controversy
A London printing business with high profile sporting, fashion and music label customers including the All Blacks has found itself embroiled in the interest rate swap controversy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....