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Sunday 6 May 2012

UK Financial News on 2012-05-06

We won't be distracted - Osborne
Chancellor George Osborne says his party will focus on the economy in the wake of local election defeats, amid fresh criticism from Tory MPs of the coalition's priorities......

Beckham tops UK sport rich list
David Beckham tops the Sunday Times list of the richest people in sport in the UK and Ireland......

Arctic oil deal signed by Rosneft
Russian oil giant Rosneft signs a deal with Norway's Statoil to explore the sea around the Arctic......

VIDEO: Your Money: Credit card cover fine print
In this week's Your Money, Declan Curry looks at how shopping by credit card can give you extra rights if things go wrong - but only under certain conditions......

VIDEO: Tunisia's bid to boost tourism
Simon Atkinson reports on the state of Tunisia's tourist industry, more than one year after the start of the Arab Spring......

Shareholder revolts gather steam
Why did CEO pay rise 84% while the market fell?.....

Tax for small businesses: Q and A
A tax expert answers your questions on starting a business.....

Emerging economies rise to prominence
Global power shifts, viewed from a sun lounger.....

Hollande poised to unseat Sarkozy
May 6 - Francois Hollande is poised to unseat incumbent president Nicolas Sarkozy and become France's first socialist president in 17 years. Andrew Raven reports......

Greece's anti-bailout parties hopeful in poll
May 6 - Greece's smaller opposition parties, who oppose the country's bailout, are expected to do well in parliamentary voting today. Rough Cut (no reporter narration).....

Markets braced for shift away from austerity as Francois Hollande wins French election
Financial markets are braced for a radical shift in economic policy and fresh question marks over a eurozone break-up, as Francois Hollande moves into the Elysee Palace on Monday as the first Socialist president of France for 30 years.<img width='.....

Executives hit back at 'rewards for failure' claims
Some of Britain's biggest companies have hit back against the "shareholder Spring", urging investors to recognise that not all bonuses are "rewards for failure".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0.....

Green building rules could 'strangle' property market
Government plans to impose 'green' regulations on new homes could add tens of thousands of pounds to construction costs and "strangle" the housebuilding market, ministers have been told.<img width='1' height='1' src='http://telegraph.feedsportal.c.....

BP may get second chance in Arctic through Rosneft tie-up with TNK-BP
BP could be handed a second shot at exploring for oil offshore in the Arctic with Russia's Rosneft, in a possible tie-up through its joint venture TNK-BP.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0f6298/m.....

British high street needs serious policy not gesture politics
Mary Portas' term as Government adviser may be over but unlike previous celebrity advisers, her contribution won't be forgotten in a hurry. She's done more to champion the high street cause than anyone in recent years.<img width='1' height='1' src.....

Facebook could dodge $14bn in US taxes
Facebook has admitted it could dodge paying as much as $14bn (8.7bn) in US corporation tax following its stock market flotation next week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0efcf6/mf.gif' border='0.....

BT executives set for 90m windfall after turnaround
BT'S top 1,000 executives, including its boss Ian Livingston, are set to share in a pay bonanza worth almost 90m later this month.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0efcf7/mf.gif' border='0'/>&l.....

Jaffa Cakes - definitely not biscuits - prepare to take on imitators
McVitie's produces 2,000 Jaffa Cakes a minute and has plans to fight off imitators.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0efcf8/mf.gif' border='0'/><br/><br/><a href="http://da.feeds.....

Footballers set to gain from tax relief on Birmingham development
Soccer stars and club managers are among investors taking advantage of tax relief provided by a Government-backed scheme to redevelop a Birmingham warehouse.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0efcf.....

FSA set to expand probe into swaps mis-selling
Leading banks have been warned by the Financial Services Authority that it is considering a full-scale investigation into alleged mis-selling of complex financial packages to small companies.<img width='1' height='1' src='http://telegraph.feedspor.....

Kazakh mining giant ENRC eyes break up
Eurasian Natural Resources Corporation, the Kazakh mining giant afflicted by regular corporate governance rows, is weighing a break-up to boost its flagging share price.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....

Ferrovial in talks to buy Enterprise from 3i
Ferrovial, the owner of Heathrow airport, is in advanced negotiations to buy Enterprise, Britain's biggest street-sweeping company.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0efcfc/mf.gif' border='0'/>&.....

Francois Hollande has ten weeks to avert a French bond crisis
There will be no speculative attack against French bonds on Monday morning because Franois Hollande has been elected president, the first socialist to take the ?lyse since the Mitterrand debacle of 1981.<img width='1' height='1' src='http://telegr.....

Crown Estate CEO Alison Nimmo has fresh ideas for historic landowner
Alison Nimmo, the first woman to lead the Crown Estate in its 250-year history talks, frankly about the challenges ahead, from devolution to energy policy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0efcfe/.....

US law firm Dewey & LeBoeuf 's meltdown puts 200 London jobs at risk
More than 200 staff at the UK office of Dewey & LeBoeuf are expected to learn their fate within days after the implosion of the New York law firm.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0efd00/mf.gi.....

Europe has reached a watershed moment and leaders need to refocus
By now you will know the result of the French Presidential election - and it could be momentous. We are at a watershed moment - not only in France but across the whole of Europe.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....

Libya's vast oil potential is still in the grip of flux
Oil is the great success story of the Libyan uprising but post-war achievements are being overshadowed by disputes over security and unpaid wages.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0efd03/mf.gif' b.....

Warren Buffett attacks US Super PACS as billionaire gets political
Warren Buffett has attacked rules that allow US companies and wealthy individuals to make unlimited and sometimes anonymous contributions to election campaigns, arguing the US has "enough of a push to plutocracy" already.<img width='1' height='1' .....

Warren Buffett attacks unlimited US election campaign contributions
Warren Buffett has attacked rules that allow US companies and wealthy individuals to make unlimited and sometimes anonymous contributions to election campaigns, arguing the US has "enough of a push to plutocracy" already.<img width='1' height='1' .....

Egypt leads global markets in 2012 while Cyprus suffers from Greek bail-out
With a third of 2012 now behind us, the winners and losers among the world's benchmark stock markets are starting to emerge.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0e5904/mf.gif' border='0'/><br/&.....

Microsoft to raise wholesale prices by a third
British businesses using Microsoft products face massive increases in their bills, after the software giant said it would increase its wholesale prices by up to a third.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....

Questor share tip: It's time to take profits from fully-valued Next
Last week's update from retailer Next was solid, with a fall in sales at its high street stores offset by sales at its home shopping business.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0b3831/mf.gif' borde.....

Tobacco companies will battle branding ban through courts
Imperial Tobacco has warned ministers they are heading towards a bitter legal battle with some of the world's biggest tobacco companies if they pursue a ban on branded cigarette packaging.<img width='1' height='1' src='http://telegraph.feedsportal.....

Dashwood: Icy response from frozen foods boss
Believe it or not, Malcolm Walker, boss of Iceland Foods, has expensive taste.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0b3833/mf.gif' border='0'/><br/><br/><a href="http://da.feedsporta.....

Aldermore - a 'Dad's Army' bank for SMEs?
Don't panic, Mr Mainwaring, don't panic! If Phillip Monks is to be believed, there's still money to be made in 'vanilla' banking.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1f0b27f4/mf.gif' border='0'/><.....