Search This Blog

Saturday 7 April 2012

UK Financial News on 2012-04-07

'Millions wasted' on gift cards
People in the UK waste 250m per year on store gift cards they do not use, according to industry figures......

PM defends incoming tax changes
Prime Minister David Cameron has defended tax and benefit changes coming into force, saying they will benefit 24m taxpayers......

Samsung expects profits to double
Samsung Electronics says it expects profit for the first quarter to almost double as its smartphone sales continue to grow......

Hon Hai to raise worker salaries
Hon Hai, the parent company of Foxconn, says it will increase salaries of its staff in Taiwan amid rising living costs......

VIDEO: Your Money: Financial spring clean
Susannah Streeter with a guide to spring cleaning your personal finances, and the best ways to save money on holidays at home and abroad......

VIDEO: Brazilian city's boom threatens Amazon
The booming Brazilian economy has brought a new lease of life to the remote city of Manaus, on the banks of the Amazon river......

VIDEO: How to cut cost of holidays at home
While holidays at home are on the increase, the cost is still off-putting for many, with a family day out easily costing 100......

AUDIO: What to expect from new tax year
A tax expert at Grant Thornton told BBC Radio 5 live what people should expect from the new tax year......

VIDEO: Dubai fashion week cancelled for now
The cancellation of Dubai's Autumn/Winter Fashion Week, which should have started this weekend, could have a major impact on the region's fashion industry, designers have warned......

VIDEO: US jobs growth slows in March
The US economy added 120,000 jobs during March, lower than estimates suggested, while the unemployment rate fell slightly to 8.2%......

AUDIO: Bond to swap Martini for lager
Graham Eye from 007 magazine told BBC Radio 5 live why James Bond changed his drink of choice for new movie Skyfall......

Saving money on a staycation
How to holiday at home and keep to a budget.....

U.S. Week Ahead: Big S&P 500 names tamp down earnings hopes
analyst Jharonne Martis says Alcoa and SUPERVALU are likely to miss estimates......

Greek dockworkers clash with police
Apr. 6 - Dockworkers in Greece clash with police during protest over losing their savings. Rough Cut - no reporter narration......

Americana hits sales record
Americana, the British clothing company behind the Bench brand, has posted a surge in sales and profits thanks to its urban clothes becoming a major hit overseas.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e.....

Lazard's wage bill falls by a third
Lazard, the boutique investment bank, cut pay at its UK-based operations by almost a third last year as the corporate finance advisory market continued to struggle.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

The House of Bruar to be sold in 45m deal
The House of Bruar, the luxury retailer known as the "Harrods of the Highlands", is to be sold to the son of the founder after a six-month auction process.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e2f8c08/.....

3i seeks directors to fortify board
3i Group, the under-siege listed private equity house which has stakes in restaurant chain Giraffe and architects Foster + Partners, is to recruit two new non-executive directors in a bid to strengthen the board amid continued shareholder dissent.<.....

Murdoch knew about Sky News hacking allegations 'months ago'
James Murdoch and the BSkyB board were warned "a number of months ago" about evidence of illegal email hacking at Sky News, senior sources at the broadcaster have disclosed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....

Blow to Coalition growth plan as figures show economy flatlining
Official figures show that the UK economy has shrunk slightly since the Coalition came to power despite the Chancellor's plans to boost growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e2f8c0b/mf.gif' bord.....

Ministers told to reveal back-to-work fraud claims
Pressure is growing on the Government to disclose the full extent of fraud and misconduct within the back-to-work industry after it emerged that more than 100 cases of alleged wrongdoing at providers, besides crisis-hit A4e, had been investigated in .....

Meet Ed Zabitsky, the man betting against Apple
Brave Canadian analyst chances his reputation on a high-stakes prediction that Apple will plummet from its present turbo-boosted stock price.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e2f8c0d/mf.gif' border.....

Aberdeen seeks allies in hostile move for Alliance
Aberdeen Asset Management has held discussions with major shareholders in Alliance Trust in what could amount to a hostile approach for the management contract of the 2.1bn investment trust.<img width='1' height='1' src='http://telegraph.feedsport.....

Sainsbury's CEO Justin King launches Tesco attack
Tesco was facing fresh scrutiny last night after Justin King, the chief executive of Sainsbury's, accused Britain's biggest retailer of failing to deliver for its customers and senior sources within Tesco admitted that the retailer was "too cold and .....

James Murdoch has quit BSkyB, but is not gone for good
Early last Tuesday - 4am Eastern Standard Time, to be precise - James Murdoch was standing by the phone in New York waiting to be patched through to a conference call with the members of BSkyB's board.<img width='1' height='1' src='http://telegrap.....

Barclays faces backlash over Bob Diamond's pay package
Barclays faces a major shareholder rebellion over Bob Diamond's 18m pay package, with more than 10pc of investors set to vote against the remuneration report.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e2f8c.....

Katherine Garrett-Cox's greatest test at Alliance?
When Karin Forseke arrives at 38 Jermyn Street on Tuesday morning, it is unlikely she will receive a particularly warm reception.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e2f8c12/mf.gif' border='0'/><.....

US set to kick the can further down the road
During the first few months of 2010 and 2011, America showed encouraging signs of robust economic growth. In both years, though, by the spring or early summer, hopes of the world's biggest economy mounting a meaningful and sustainable recovery were s.....

Investors caught as Partnership Incorporations fund folds losses
A leading football manager, the Earl of Derby and a clutch of City high-fliers are among investors that stand to lose millions of pounds after a company they invested in was found to have been incorrectly operating a tax relief scheme.<img width='.....

Setback for RAF Northolt runway plan
A report into using RAF Northolt to provide extra runway capacity in the south east has suggested it would not be suitable as a surrogate third runway for Heathrow.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

Will we fall in love again with 'too cold' Tesco?
On Good Friday, when many people were in church or at least at that other temple with a religious Bank Holiday following, the garden centre, Phil Clarke was in Tesco checking the colour of meat.<img width='1' height='1' src='http://telegraph.feeds.....

US might be rocky, but UK is showing green shoots
It was definitely a Good Friday for Tim Jardine. As the long Easter weekend began, the general manager of Russells Patio and Garden Centre was cheered to see his shop brimming with customers.<img width='1' height='1' src='http://telegraph.feedspor.....

Groupon 'victim of its own success'
Groupon, the internet discount vouchers company that issued a retrospective profit warning last week, has admitted that it did not do enough to prepare businesses for its service and has pledged to rectify customer service and marketing issues that h.....

FSA probes swap-sale targeting
The City regulator is examining whether "aggressive sales targets" influenced the type of interest rate hedging products sold by banks to small companies as part of its review of swaps selling following an investigation by The Sunday Telegraph.<im.....

David Cameron flies towards aviation U-turn on Heathrow
Some debates just go on forever. In Britain anyway.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e2f8c1e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/130979271302/u/3/f/.....

Rainmaker: Barclays has a great deal to learn from HSBC on executive pay
When, in late September 2010, rumours emerged that Mike Geoghegan, then chief executive of HSBC, and Stephen Green, then chairman, were about to depart, institutional shareholders rightly became concerned about who would replace them and what would h.....

Think Tank: It's the subconscious that makes ads work
Ask yourself the following. Does Audi's reputation for building well-engineered cars result from our direct experience as motorists or from 30 years of advertising messages to that effect? Or might it spring instead from the brand's advertising itsel.....

The Sunday Interview: Justin King, chief executive of Sainsbury's
Sainsbury's CEO Justin King reveals what he thinks about Tesco and why Sunday trading isn't such a good idea.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e2f8c20/mf.gif' border='0'/><br/><br/>&.....

Netflix to take on rivals with UK film push
In Los Gatos, the signs of Silicon Valley success are unmissable. A town of 30,000 people, quaint and historic by Californian standards, its main street is lined with Aston Martin, Bentley and Lamborghini dealerships. Judging by the local traffic of .....