Search This Blog

Sunday 15 April 2012

UK Financial News on 2012-04-15

Donors criticise charity tax plan
Leading philanthropists, and the Tory party treasurer, add to pressure on the government over plans to cap tax relief on charitable donations......

Virgin to appeal against BMI sale
Virgin Atlantic is to appeal the European Commission's decision to allow the owner of British Airways to buy the airline BMI......

US 'to make profit from bailouts'
The US will make a profit from bailing out the nation's banks and carmakers at the height of the financial crisis, the Treasury says......

Funding plans for Lotus 'on hold'
Plans for 10.4m of government funding for sports car maker Group Lotus are put on hold while its new owner makes a decision on its future......

Steelmaking returns to Teesside
Steelmaking returns to Teesside with the relighting of the blast furnace at the former Corus plant in Redcar......

China loosens currency controls
China loosens its currency controls in a move that may spur gains in the value of the yuan......

VIDEO: Steelmaking returns to Teesside
Steelmaking returns to Teesside with the relighting of the blast furnace at the former Corus plant in Redcar......

VIDEO: Doctors unite to combat obesity
The sponsorship of the Olympics by fast-food firms "sends the wrong message", say doctors uniting in a single campaign to tackle rising levels of obesity......

VIDEO: Where everyone's tax details are online
A row between London mayoral candidates Boris Johnson and Ken Livingstone raised the issue of leading politicians offering full disclosure on their tax returns.....

AUDIO: Is 'clustering' killing the High Street?
A survey of local council officers suggests the prevalence of strip clubs and betting outlets on some high streets may be hurting the local economy. But the Association of British Bookmakers questions the findings......

VIDEO: Your Money: Bringing down your tax bill
In this week's Your Money Declan Curry looks at income tax with regard to charitable donations, and how to make the most of your mortgage deal......

VIDEO: Qatar's small business stock market
Getting hold of finance is one of the biggest challenges faced by small and medium sized businesses in the current economic climate, with credit often hard to obtain even in wealthy countries......

Store card debtors to be let off
Are the debts on your branded store card unenforceable?.....

How has French business faired under Sarkozy?
How have businesses faired in the Sarkozy era?.....

Solar power bears fruit in Chile desert
How the sun waters grapes in the world's driest desert.....

Maggots and abattoir blood could save the world
April 15 - The idea of dining on roast chicken reared on blood-fed maggots may not sound too appetizing, but in South Africa one scientist and businessman believes that maggots represent the future for animal feed, if livestock is to be raised in a s.....

George Osborne ready to offer 10bn extra firepower for the IMF
Britain is close to agreeing a new 10bn commitment to the International Monetary Fund as the Bretton Woods institution seeks to double its war-chest at its spring meeting this week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....

KKR eyes BHP and Rio Tinto diamond deal
The diamond industry could acquire another sparkler if private equity house KKR pulls off a plan to merge the gem operations of BHP Billiton and Rio Tinto.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e690fd7/.....

Barclays rocked by fresh row over tax
Barclays has admitted that it will subsidise chief executive Bob Diamond's tax bill to the tune of 600,000 a year ahead of launching a charm offensive this week to placate investors angered by excessive pay.<img width='1' height='1' src='http://te.....

Barclays has more Cayman Islands links than RBS and Lloyds
Barclays has more than twice as many subsidiaries in the Cayman Islands than high street banking rivals Lloyds Banking Group and Royal Bank of Scotland put together, recent corporate filings show.<img width='1' height='1' src='http://telegraph.fee.....

Nicolas Sarkozy lambasts ECB's rigid policies
French president Nicolas Sarkozy has lashed out at the hard money policies of the European Central Bank and launched a veiled attack on Germany's austerity drive, hoping to bolster his flagging re-election campaign.<img width='1' height='1' src='h.....

Will 1.2bn lifeline save Thomas Cook?
When Sam Weihagen agreed last August to put his retirement on hold to temporarily fill a void at the top of Thomas Cook, little did he know that eight months later he would still be working all hours instead of enjoying the simpler life he had planne.....

Imagination Technologies' Yassaie: 'What we need is a Beckham for the industry'
When Hossein Yassaie arrived in Britain in the mid-1970s, he planned to get his degree and get out. But while the Iranian chief executive of Imagination Technologies might not have been born in this country, he has certainly adopted it as his home.&l.....

Oil price relief as Iran talks sweet
The Middle-East "war-premium" in current oil prices is poised to fall after a tentative breakthrough on Iran's nuclear programme over the weekend, offering a soothing tonic for battered equity markets across the world.<img width='1' height='1' src.....

Why a visit to the eurozone doctor won't relieve the pain in Spain
So much for the idea that the euro crisis is over! Last week it resurfaced again - with Spain now first in the firing line. How serious is the Spanish problem?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e68f.....

Swimming naked in Brazil's bubbly waters
Brazil is the country of the future and always will be, as the old saying goes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e68ee40/mf.gif' border='0'/><br/><br/><a href="http://da.feedsport.....

Devon mine is focus of global trade war for tungsten
Deep in the Devonshire countryside, an old metal mine has become the latest - and most unlikely - battlefront for the global trade war between East and West.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e68fdf.....

Commodity prices 'could rise as much as 20pc'
Commodity prices could rise by as much as 20pc in the second half of 2012, according to new analysis from Credit Suisse.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e68fdf1/mf.gif' border='0'/><br/>&.....

World Bank juggles politics and merit in race to name leader
Public health expert Dr Jim Yong Kim is poised to become the next president of the World Bank in a move that maintains America's grip on the institution tasked with combating global poverty.<img width='1' height='1' src='http://telegraph.feedsport.....

The week ahead in business and economics: April 16-20
Tesco turns in its profit figures and unemployment and inflation are out.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e688cef/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com.....

Sir Philip Green looks to Sin City for noble hire
Is Alexander Spencer-Churchill, the Duke of Marlborough's nephew, about to join Sir Philip Green's retail empire?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e65f7a0/mf.gif' border='0'/><br/><br/&.....

A Tory party at odds with its own voters
Telegraph View: What on earth are they doing with a policy that will only discourage charitable giving?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e65dbc8/mf.gif' border='0'/><br/><br/><a h.....

Questor share tip: Aggreko is operating in a global bull market
Aggreko is a global provider of temporary power solutions in a world that is structurally short of power.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e65dbc9/mf.gif' border='0'/><br/><br/><a.....

Questor share tip: Engineering group laid foundations for growth
Engineering consultancy and support services group WS Atkins has benefited from its toehold in the Middle East, while its UK operations appear to have stabilised.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e.....

Former Permira star Clarke in talks to join advisory boutique
Martin Clarke, the former Permira dealmaker who sits on the board of retailer New Look, is in talks to join an advisory boutique set up by one of his former colleagues.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....

A2E Venture Catalysts founder Amin Amiri is turning a profit from turnarounds
Should venture capitalists be investing in failing manufacturers rather than flashy tech start-ups? James Hurley meets a man who says he's got the returns to suggest a radical change in tack might be worth a punt for equity investors.<img width='1.....

Edison to open New York office
Edison, the London-based financial research house, is to open a North American business as it attempts to take advantage of the continued decline in the number of sell-side analysts.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....

Lloyds writes off 15m stake it inherited in easyCar
Lloyds Banking Group has written off its once near-15m stake in easyCar as part of Sir Stelios Haji-Ioannou's restructuring of the car rental business.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e647a39/mf.g.....

Microsoft slur boss moves to China
Gordon Frazer, one of the executives drawn into the party sex scandal which engulfed Microsoft last year, is to relocate to China.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e647a3a/mf.gif' border='0'/>&l.....

Co-op board to meet amid Lloyds bid fears
The Co-operative Group is to hold a crunch meeting of its bank board amid heightened concern it is on the verge of pulling out of its 1.5bn bid for Lloyds' 632 "Project Verde" branches.<img width='1' height='1' src='http://telegraph.feedsportal.co.....

Investor returns must take priority for Tesco
I have long believed that the consumer environment in the UK would be challenging and remain so for a considerable length of time.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e647a3c/mf.gif' border='0'/>&l.....