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Sunday 22 April 2012

UK Financial News on 2012-04-22

Osborne wants charity money talks
Chancellor George Osborne tells the BBC he wants to work with charities and donors to ensure Budget changes do not hit charities' income......

'No need to pay' for PPI claims
Banks and consumer groups will meet to shed light on the cost of using claims management companies for PPI claims......

Post workers in sell-off warning
Postal workers say privatising the Royal Mail would be a disaster and have pledged to step up the fight against a sell off......

Profits warnings 'rollercoaster'
A flurry of profit warnings at the start of the year were followed by a sharp dip, suggesting a year of unpredictability, a report says......

E.On apologises for 78,000 bill
An energy supplier apologises to a charity after sending a bill for almost 78,000 for one month's gas supply......

IMF wants bold reform in eurozone
The International Monetary Fund (IMF) has told the eurozone it must make bold reforms to reassure financial markets......

Satellite tracks Sudan oil damage
Satellite pictures of the disputed border area recently occupied by South Sudan suggest key oil facilities have been badly damaged......

Hurd attacks church VAT rise plan
Former foreign secretary Lord Hurd attacks a government plan set out in the Budget to introduce VAT on church renovations......

Teen twins in '$1.2m stock fraud'
Two British twins, who were 16 when they allegedly defrauded investors out of $1.2m via a bogus stock-picking robot, face charges in the US......

Japan agrees Burma debt write-off
Japan agrees to write off more than $3.7bn (2.29bn) of debt to Burma as its president continues his first visit there......

VIDEO: Middle East writers go it alone
Instead of relying on publishers and retailers, more and more authors are going it alone in the Middle East and publishing their work themselves, online......

VIDEO: Families 'hit by legal aid plans'
Thousands of vulnerable people facing family breakdown could end up without legal representation because of planned changes to legal aid, according to a legal group......

VIDEO: Are Olympic workers being short changed?
Tens of thousands of temporary workers will be taken on over the next few months to work on the Olympic and Paralympic Games......

VIDEO: Your Money: Boosting charity donations
In this week's Your Money Declan Curry looks at how to boost your donations to charity and how legal aid rules are changing for couples getting divorced......

Sri Lanka's tea workers fear future
But grueling work for Sri Lanka's tea workers.....

DR Congo eyes its mineral riches
DR Congo wants a greater share of its mining wealth.....

China's car market changes gear
Will China's car market continue to expand?.....

IMF officials keep up pressure on Europe
April 21 - IMF officials say Europe must follow through on tough economic reforms. Rough Cut (no reporter narration)......

Repaired A380 set for takeoff
April 21 - Australian airliner Qantas prepares to send an A380 airbus back into the skies after an engine failure incident grounded the plane in Singapore in 2010. Julie Noce reports......

Vodafone to agree 1bn Cable & Wireless Worldwide deal
Cable & Wireless Worldwide is expected to recommend to shareholders a 1bn takeover bid from telecoms giant Vodafone on Monday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1ea14072/mf.gif' border='0'/>&l.....

Kingfisher plants a forest to grow sales - and be neighbourly
B&Q owner Kingfisher plans to grow sales by planting more trees - and with timber prices up 30ps over the past two years its not just about looking after the environment.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

Luciano Benetton hands over fashion empire to his son
Luciano Benetton, founder of the Italian fashion empire that bears his name, has announced he is handing control of the business he helped start 47 years ago to his eldest son Alessandro, who will take charge this week.<img width='1' height='1' sr.....

Government digs up 1.5bn of infrastructure savings
The Government claims to have found as much as 1.5bn of savings on the cost of delivering public sector infrastructure projects.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1ea0fa23/mf.gif' border='0'/><.....

Osborne calms speculation over Mervyn King succession
George Osborne has moved to quell rumours about Sir Mervyn King's successor as Governor of the Bank of England by declaring that the appointment process will not begin until the autumn.<img width='1' height='1' src='http://telegraph.feedsportal.co.....

Local Authority pension funds oppose Barclays pay deal
Barclays is set to announce profits for the first three months of the year of 2bn this week as it attempts to convince investors its performance merits the 17.7m it has controversially awarded its chief executive.<img width='1' height='1' src='htt.....

If the euro were to split, which way would the French connection go?
For whoever wins the second round of the French presidential election, the state of the economy will loom large. How serious is France's economic predicament?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1ea0f2.....

Dutch crisis puts eurozone debt rescue plans at risk
The Dutch prime minister will on Monday launch a bid to salvage his austerity budget amid political chaos that could cost the country its AAA credit rating and plunge Europe's debt rescue plans into disarray.<img width='1' height='1' src='http://t.....

Interactive graphic: breakdown of the IMF's new $430bn firepower
The International Monetary Fund has secured commitments of more than $430bn in funding to help the IMF safeguard economies from the debt crisis in Europe<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1ea0ea43/mf.....

IMF encourages Europe's economic suicide
China, Japan, America, the oil powers, and the rising economies of Latin America had a chance to pull Europe back from suicide through IMF pressure but the world dropped the ball.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

Week ahead in business and economics: April 23-27
UK growth data and results from Barclays, Glaxo, and AstraZeneca will be the focus.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e9ece5c/mf.gif' border='0'/><br/><br/><a href="http://da.feeds.....

Government's 'white elephant' fire control centres to be sold
Five white elephant buildings created by a government project to create super-regional fire stations have been put up for sale for 107m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e9d76ec/mf.gif' border='0'/.....

Government to sell 'white elephant' fire control centres
Five white elephant buildings created by a government project to create super-regional fire stations have been put up for sale for 107m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e9d0a83/mf.gif' border='0'/.....

Omega rebels get backing for board overhaul
Leading shareholders in Omega Insurance, the Lloyd's of London insurer, have stepped up their attempts to overhaul the board.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e9d05e6/mf.gif' border='0'/><br/.....

Think tank: Make sure you pick the right partner when outsourcing
The kind of outsourcing partner that is worth having does more than just what is in the contract - and the client who hires them knows that too and treats them accordingly.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

M&S finance arm faces 52m PPI bill
Marks & Spencer's banking arm is facing a 52m bill as a result of potential mis-selling of payment protection insurance to its customers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e9d05e9/mf.gif' border.....

Questor share tip: Avoid SuperGroup despite share price slide
Was it a bird? Was it a plane? No, it was SuperGroup shares slumping by more than a third on Friday after it issued its third profit warning in seven months.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e9cb75.....

Questor share tip: Shell results should reverse share decline
Investors in Royal Dutch Shell must have been very relieved that the recent oil spill in the Gulf of Mexico was nothing to do with them. The oil came from "natural seepage" from the sea floor.<img width='1' height='1' src='http://telegraph.feedspo.....

Dashwood: Four's a crowd for two-timer Tulchan
Have the big players down at Tulchan Communications been caught two-timing?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e9cb757/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.c.....

Anya Hindmarch: eight tips for setting up your own company
The bag designer and winner of the Veuve Clicquot Business Woman Award 2012 shares eight tips for setting up your own company.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e9b879b/mf.gif' border='0'/><br.....

Financial week ahead: April 23 - April 27
Office for National Statistics to reveal whether the British economy is officially back into recession.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e9b879c/mf.gif' border='0'/><br/><br/><a h.....

Fidelity China Special Situations fund manager Anthony Bolton has been shanghaied in China
Head of Fidelity's under-performing fund on why he is staying on in Hong Kong.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e9b2e59/mf.gif' border='0'/><br/><br/><a href="http://da.feedsporta.....

Government to consult on use of plea bargains in cases of complex financial crime
The introduction of plea bargains into complex financial crime cases is set to become a reality after it emerged the Ministry of Justice is to sponsor the necessary legislation.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

HSBC's chairman Douglas Flint warns new Bank of England committee likely to harm lending
Douglas Flint, the chairman of HSBC, has attacked the Bank of England's new Financial Policy Committee (FPC), warning it could reduce companies' ability to borrow from banks and increase costs.<img width='1' height='1' src='http://telegraph.feedsp.....

Pirc urges vote against 'excessive' executive pay at Aviva
Pirc, the influential shareholder group, has advised its members to vote against Aviva's "excessive" boardroom pay at the company's annual meeting next week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1e9b2e5.....