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Sunday 1 April 2012

UK Financial News on 2012-04-01

Game Group shops sold to OpCapita
The administrators of Game Group sell 333 of its UK shops that are still open to OpCapita, safeguarding nearly 3,200 jobs......

UK air passenger duty rises by 8%
Air passenger duty rises by 8%, as announced by the government in the Autumn Statement last year, but airlines call for the tax to be reviewed......

Petrol queues ease at forecourts
Queues for petrol are easing after unions announced there would be no strike over Easter, motoring organisations say......

US to tighten squeeze on Iran oil
Barack Obama approves fresh sanctions on foreign banks still involved in the trading of Iranian oil, saying there are enough alternative supplies......

Winner for $640m US lottery draw
At least one ticket - bought in Maryland - is a winner in the $640m (400m) Mega Millions lottery, officials say, after the biggest jackpot in history......

VIDEO: UK air passenger duty rises by 8%
Air passenger duty (APD) has risen by 8%, as announced by the government in the Autumn Statement last year......

VIDEO: Your Money: Recycling your mobile
Your Money: Recycling your mobile, pet insurance, and the start of the government's new financial year.....

VIDEO: Investment firm set to save Game
A deal has reportedly been agreed to buy a large part of the troubled High Street chain Game Group out of administration......

DeLorean to get electric revival
The DeLorean gets a new life as an electric car.....

Anti-capitalism protests turn violent in Germany
March 30 - Violence erupts in Frankfurt during Europe-wide anti-capitalism day. Rough Cut (no reporter narration).....

Total releases video of leaking gas drilling platform
March 31 - Total releases 3-day old video of the Elgin drilling platform where a North Sea well is leaking gas. Rough Cut (no reporter narration).....

Grocer adds healthy job benefits
March 30 - As the Supreme Court debates the constitutionality of healthcare reform, Connecticut-based grocer Stew Leonard's is spending $200,000 a year on healthcare initiatives and it's already paying off. Jill Bennett reports......

German lawyers offer help with mis-sold rate swaps
The German law firm credited with forcing Germany's banks to begin compensating business customers mis-sold interest rate swaps is preparing to offer its services to British companies.<img width='1' height='1' src='http://telegraph.feedsportal.com.....

The letter to Indian prime minister Manmohan Singh
A letter to Indian Prime Minister Manmohan Singh from organisations such as the CBI, the US National Foreign Trade Council and Japan Foreign Trade Council says tax proposals call into question the rule of law, due process, and fair treatment in India.....

International business attacks retrospective Indian tax law
The international business community has launched a stinging attack against the Indian government and its decision to introduce a retrospective a tax law.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dff7dd1/m.....

Government's choice of what to cut makes you wince
Whether or not there should be cuts in government spending is a hotly debated issue, but there is currently even a debate about whether there are any cuts going on at all.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

GCHQ recruits eight universities to counter cyber attacks
Intelligence agency GCHQ has selected eight universities as collaboration partners to improve government and industry cyber security.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dff7dd4/mf.gif' border='0'/>.....

RBS to pay 400m dividend to preference share holders
Royal Bank of Scotland is expected to re-instate dividends on its preference shares in May, which could lead to a 400m capital raising.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dff7dd5/mf.gif' border='0'/&.....

GIP and JP Morgan in dogfight for Edinburgh airport
The 500m bid battle for Edinburgh airport is shaping up into a dogfight between Gatwick-owner Global Infrastructure Partners (GIP) and a consortium led by JP Morgan.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....

QE helps double FTSE 100 pension deficit to 73bn
The total pension deficit of companies in the FTSE 100 has more than doubled to 73bn over the last year, with some of the gap fuelled by quantitative easing, according to research from Pension Capital Strategies (PCS).<img width='1' height='1' src.....

Germany seeks scientists to test eurozone fiscal policies
They say economics is more art than science, but as Europe's financial crisis drags on, economists are looking to science to keep budgets on track.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dff5561/mf.gif' .....

UK is looking attractive again for oil, says Amjad Bseisu
EnQuest chief executive Amjad Bseisu expects the North Sea oil to remain profitable for small explorers for at least 20 years.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dff030a/mf.gif' border='0'/><br.....

Bluewater Bio raises 22.5m as water scarcity fears grow
Bluewater Bio, a high-tech water company developing next generation sewage and water purification, has raised 22.5m from pension fund Hermes GPE and Invesco.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dff030.....

Peak oil doomsayers ignore human ingenuity
Oil is running out and it won't be affordable for much longer, advocates of "peak oil" theory argue. But with new technology revolutionising the way energy is generated, are fears of an unaffordable energy crunch now being overplayed?<img width='1.....

Families hit by 8pc rise in air passenger duty
Cash-strapped British families have suffered one of the first major hits to their pockets from the Budget as George Osborne presses ahead with a sharp, twice-inflation rise in Air Passenger Duty.<img width='1' height='1' src='http://telegraph.feed.....

Cookson mulls spin off of unit that makes iPad parts
Industrial group Cookson has appointed investment bank Rothschild to look at a potential spin-off of its electronics division, which makes components for gadgets such as Apple's iPad.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....

Germany's reluctant hegemony and misguided Calvinism
If the purpose of monetary union is to tie down a "European Germany" with silken cords, the Kohl-Mitterrand legacy has gone horribly wrong.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dfe8ffe/mf.gif' border='.....

Week ahead: Business and economics - April 2-6
The week ahead in economics and for British companies: April 2 - 6<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dfde363/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1305.....

Questor share tip: Compass points in the right direction
Questors rates support services group Compass as a buy<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dfbab55/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/130577300249/u/3.....

Dashwood: Emap chief's business cycle starts at 4.30am
Oh, for those wonderful David Brent moments when chief executives are caught doing the "motivation thing" in front of adoring staff. We've managed to get hold of an internal video of Duncan Painter, EMAP ceo, telling staff just what's what and all ab.....

Questor share tip: Electrocomponents sales growth slows
Electrocomponents issued a reassuring trading update on Friday. Growth in the final quarter of last year was not quite as bad as it could have been.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1dfb4f63/mf.gif'.....

City agrees to lead 'Day of Sorrow' over financial crisis
Britain's leading banks have agreed to hold a day of "mass atonement" for the financial crisis after pressure from the Treasury for a "significant act of contrition" according to a series of leaked emails.<img width='1' height='1' src='http://tele.....

Think Tank: Customers and businesses get burnt by renewable energy schemes
New industries pop up all the time, whether by accident - think of the popularity of mobile phone texting - or the mass commercialisation of a clever piece of science.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....

Alan Miller's SCM Private venture is a family affair
Alan Miller's latest project is a husband and wife venture that aims to shake fund management 'dinosaurs'.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1df9e164/mf.gif' border='0'/><br/><br/><.....

Musto seeks cash boost after covenant breach
Nautical clothing retailer Musto is looking for external investment following a breach of its banking covenants.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1df9f1cd/mf.gif' border='0'/><br/><br/&g.....

New Look opts for expensive bank refinancing
New Look's private equity owners have turned down attempts by founder Tom Singh to restructure the company's balance sheet in favour of an expensive bank refinancing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....

Chancellor George Osborne hopes for an Indian summer after a winter of discontent
Can British patience pay off for the Chancellor on his latest visit to India?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1df9daaa/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.....