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Sunday 29 April 2012

UK Financial News on 2012-04-29

UK's richest 'getting wealthier'
The UK's richest people are getting even wealthier despite the recession, according to the 2012 Sunday Times Rich List......

YPF pledges to keep gas flowing
Argentine oil firm YPF vows to keep providing supplies as the dispute over its forced nationalisation continues......

'Lost decade' warning on growth
Labour's Ed Balls says Britain faces a "lost decade-style" period of slow growth, days after official figures showed the economy returned to recession......

South Sudan awaits big China loan
Officials in South Sudan say China has agreed to loan it $8bn (4.9bn) for major development projects, following a presidential visit to Beijing......

VIDEO: PM: Recession figures disappointing
Prime Minister David Cameron says he is disappointed by figures released this week showing that the UK has gone back into recession......

VIDEO: Your Money: Child benefit changes
In this week's Your Money, Declan Curry looks at how changes to child benefit could mean couples disclosing their earnings to each other......

Australia faces the end of Big Dry
Farmers brace for the official end of drought in Australia.....

In pictures: Raleigh bicycle posters
A look at classic posters of Raleigh bicycles.....

Spain halts passport-free entry
April 28 - Spain temporarily suspends passport-free entry across its borders while a summit of the European Central Bank takes place in Barcelona. Paul Chapman reports......

Bigelow brews sales in slow economy
April 27 - New data shows U.S. economic growth slowed in the first quarter, but Bigelow Tea is stirring in innovation to grow sales as the consumer-driven sector of the economy holds up. Jill Bennett reports......

Ministers spoilt for choice on where to direct pump-priming investment
Last week's "surprisingly" soft GDP figures elicited a flurry of different reactions. From the persistent optimists the response was simply that the numbers must be wrong.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Struggling coalition leaves Indian economy in the doldrums
It didn't go unnoticed that the best news for the beleaguered Indian economy last week came not from the markets but the Gods via the weatherman.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1edab10f/mf.gif' bo.....

Barclays accused in mis-selling report
Barclays has been accused of acting with "reckless disregard" when it sold a set of complex derivatives to a care home operator that is suing the bank for 36m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1edaa.....

East London in Olympics boost
The Olympic Park and surrounding area has already attracted more than 1.6bn of private investment ahead of the 2012 Olympics, boosting ambitious plans to regenerate East London after the Games, according to new research.<img width='1' height='1' s.....

Goals Soccer Centre strides closer to sale
The purchase of Goals Soccer Centre by the owners of Camelot, the National Lottery operator, will take another stride forward tomorrow.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1edaaeba/mf.gif' border='0'/&.....

Shareholder: GlaxoSmithKline offer is bitter pill
GlaxoSmithKline's attempt to land its biggest acquisition since 2009 has suffered a blow after a top shareholder in Human Genome Sciences said the British group's offer was "a steal".<img width='1' height='1' src='http://telegraph.feedsportal.com/.....

Monday interview: Little Chef trims down for Olympic challenge
Little Chef once represented all that was good about 1970s Britain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1edaaebe/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/133.....

Spain's woes to deepen as it double-dips into recession
Spain is set to confirm that it fell back into recession in the first quarter, marking the beginning of what is expected to be another rocky week for the ailing eurozone economy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....

NBNK looks for Middle East support in Lloyds bid
NBNK is attempting to persuade Middle East sovereign wealth funds to support its effort to acquire 632 Lloyds Banking Group branches from under the nose of rival bidder Co-operative Group.<img width='1' height='1' src='http://telegraph.feedsportal.....

Sir John Beckwith teams with Digby Jones for fund launch
Sir John Beckwith, the property tycoon and financier, is joining forces with Lord Jones, the former boss of the CBI, to launch a foreign exchange fund manager.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1edaa.....

Goldman's Jim O'Neill in Bank governor race
Jim O'Neill, a senior executive at Goldman Sachs, has emerged as a surprise contender to become the next governor of the Bank of England.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1edaaec2/mf.gif' border='0'.....

Taxpayers' stake in Royal Bank of Scotland could be sold before election
The taxpayers' stake in Royal Bank of Scotland could be sold off in as little as two years, according to a senior executive at the bank.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1edaaec3/mf.gif' border='0'/.....

Record number of millionaires created by pound shop boom
The booming pound shop industry has created a record number of millionaires, according to figures which show Britain's richest people have become wealthier than ever.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....

Sir Nigel Rudd in frame for Prudential job
Prudential has whittled down the search for a new chairman to two candidates as it looks to end uncertainty about the future leadership of a business that could end up with its headquarters in Asia.<img width='1' height='1' src='http://telegraph.f.....

John Timpson: Tips for a good manager - learn to delegate and help colleagues to do the job
The straight-talking management column offering common sense from the front line.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1eda9b80/mf.gif' border='0'/><br/><br/><a href="http://da.feedspo.....

Businesses all want the secret of Roberto Di Matteo's magic
Barclays and Tesco need Roberto Di Matteo's personal touch, says Jeff Randall.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1edaaa49/mf.gif' border='0'/><br/><br/><a href="http://da.feedsporta.....

They all want the secret of Roberto Di Matteo's magic
Barclays and Tesco need Roberto Di Matteo's personal touch, says Jeff Randall.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1eda58b9/mf.gif' border='0'/><br/><br/><a href="http://da.feedsporta.....

Commodities: Look to the seas, not stars, for next frontier
Titanic director James Cameron is backing a company with Google billionaires Larry Page and Eric Schmidt to mine asteroids in space, called Planetary Resources.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1eda.....

Week ahead in business and economics: April 30 - May 4
Oil giant BP is expected to report a drop in first quarter profits, while taxpayer-backed lender RBS is likely to see losses narrow in the first quarter to 348m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1ed.....

Hollande's 'Growth Bloc' spells end of German hegemony in Europe
For two years Germany has had its way in Europe, treating historic nations much as Bismarck treated Bavaria - sovereign only in name.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1ed949bd/mf.gif' border='0'/>.....

Questor share tip: Barclays need to focus on shareholders - avoid
Barclays had a "good" financial crisis. It did not need a government bail-out and it managed to snap up the investment banking arm of Lehman Brothers at a bargain price after it collapsed.<img width='1' height='1' src='http://telegraph.feedsportal.....

Questor share tip: The Berendsen story is all about rising margins
Berendsen, which used to be known as Davis Service Group, provides textiles cleaning services in the UK and Nordic countries.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1ed63be8/mf.gif' border='0'/><br/.....

Aviation flies the flag for British industry
"The Prime Minister did not need to go to Asia, he could have been here today," said Willie Walsh. "It is a great testament to UK engineering."<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1ed52a50/mf.gif' bord.....

Growing economies boost Britain's maritime industry
The value of Britain's sea trade is expected to be worth 700bn by 2017 as the rising middle classes in fast-growing economies boost demand, according to new research.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....

KPMG faces inquiry over rescue of HBOS
Accountancy giant KPMG could face a formal investigation by the UK's accountancy watchdog for its conduct leading up to the rescue of HBOS by Lloyds TSB.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1ed52a52/mf.....