Search This Blog

Sunday 8 April 2012

UK Financial News on 2012-04-08

Abu Dhabi sells Tesla cars stake
State owned power supplier Abu Dhabi National Energy sells its stake in US-based Tesla electric cars at a profit of $113m......

'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......

Osborne happy to reveal tax data
The Chancellor says he would be "very happy" for the government to consider publishing the personal tax returns of ministers......

'Idiots' can ruin 2012 - Moynihan
The British Olympic Association chairman Colin Moynihan says it 'just takes one idiot' to ruin a London 2012 event......

McCoist reveals US bidder talks
Rangers manager Ally McCoist reveals he has spoken with American Bill Miller, who is trying to take over the club......

VIDEO: Labour 'for business and unions'
Shadow business secretary Chuka Umunna denies that "anti-business rhetoric" has been emanating from the Labour party......

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: Gulf ports continue rapid expansion
The Gulf is a vital link between Europe to the west and China and India to the east, and its ports have a huge role to play in global trade......

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......

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......

Further QE may hit recovery, debt agency chief warns
More money printing by the Bank of England could hurt Britain's recovery by pushing up the cost of Government borrowing, the head of the Debt Management Office has warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Further QE may hit UK recovery, debt agency chief warns
More money printing by the Bank of England could hurt Britain's recovery by pushing up the cost of Government borrowing, the head of the Debt Management Office has warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

QE may hit recovery, debt agency chief warns
More money printing by the Bank of England could hurt Britain's recovery by pushing up the cost of Government borrowing, the head of the Debt Management Office (DMO) has warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

A new future for workplace pensions?
Last week, the Department for Work and Pensions published analysis which showed that 2012 will represent the high-water mark for traditional final salary pensions.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1.....

Apple faces tax scrutiny in the UK
The Government is under pressure to launch a crackdown after it emerged Apple paid just 10m in British tax in 2010 despite clocking up sales here worth an estimated 6bn.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....

Kate Bleasdale's day in court?
Two years ago she was being feted as one of the UK's leading entrepreneurs, a multi-millionaire with homes in London and Colorado and a 10pc stake in Healthcare Locums, the listed medical recruitment firm she set up.<img width='1' height='1' src='.....

Drinks companies press Government for sunset clause on minimum pricing policy
Drinks manufacturers plan to persuade the Government into agreeing a "sunset clause" on minimum alcohol unit pricing, which could force ministers to scrap the controversial policy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....

Energy industry doubts over the Green Deal 'revolution'
The Coalition's energy efficiency "revolution" is due to begin in just six months' time. Yet industry experts still doubt whether the Green Deal can deliver on its ambitious aims.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

FSA informed of interest rate swap mis-selling scandal over a year ago
The Financial Services Authority was told more than a year ago about large-scale mis-selling of interest rate swaps by an industry whistleblower but ignored the former banker's warnings.<img width='1' height='1' src='http://telegraph.feedsportal.c.....

Virgin eyes BMI slots for launch of UK flights
Virgin Atlantic is preparing to bid for the 12 pairs of Heathrow slots that will be freed up following British Airways' takeover of bmi.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e33e084/mf.gif' border='0'/.....

EC1 becomes the new Soho
Clerkenwell and Farringdon are turning into London's new Soho as a wave of creative media, technology and fashion companies move from the West End to EC1.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e33e085/m.....

The Monday interview: Robert Stheeman, chief executive of the Debt Management Office
First impressions are often misleading. Take Robert Stheeman. The chief executive of the Debt Management Office (DMO) is quietly unassuming and wonkishly absorbed by numbers and graphs. But this is the man who bankrolls Britain.<img width='1' heig.....

Investors tell Tesco to rethink its strategy
Tesco's leading shareholders have demanded an about-turn in the retailer's expansion strategy and called for it to re-focus on UK grocery stores ahead of next week's results announcement.<img width='1' height='1' src='http://telegraph.feedsportal......

A trip back in time to our industrial heritage at Toye, Kenning & Spencer
This factory isn't just a little old-fashioned. It is so other worldly it is straight out of a fairy tale. I could be in Rumpelstiltskin's tower: gold thread is being spun around a large wooden warping frame, the size of a hay bale.<img width='1' .....

It's a path well travelled but road pricing could solve many problems
At this time of year, my thoughts frequently turn to roads. Perhaps this is because of Easter traffic jams; or because spring brings hope for new beginnings.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e33e08.....

Gold crash on Fed tightening and euro salvation looks premature
Until the rising reserve powers of Asia, Russia and the Gulf regain trust in the shattered credibility of the world's two great fiat currencies - if they ever do - gold is unlikely to crash far or remain in the doldrums for long. `Peak gold' cements .....

Fears rise over oil's impact on world recovery
So the eurozone crisis may have calmed down (for now), but adrenaline junkies should have no reason for complaint.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e336650/mf.gif' border='0'/><br/><br/.....

Five winners and a loser - but not for long
Questor's tips of 2012 have put in a sterling performance so far, rising an average of 17pc compared with the FTSE 100's 3pc gain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e3383f2/mf.gif' border='0'/>&l.....

John Timpson: Politicians and regulators have ruined final salary pension plans
The chief executive of Timpson and our business agony uncle, answers your questions with straight-talking, common sense from the front line.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e3301b4/mf.gif' border=.....

Green shoots start to take hold
It was definitely a Good Friday for Tim Jardine. As the long Easter weekend began, the general manager of Russell's Patio and Garden Centre was cheered to see his shop brimming with customers.<img width='1' height='1' src='http://telegraph.feedspo.....

War Horse author Michael Morpurgo talks fame and fortune
How War Horse transformed the fortunes of author Michael Morpurgo.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e309c42/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1309.....

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.<.....