Search This Blog

Sunday 27 May 2012

UK Financial News on 2012-05-27

Lloyd's 'plans for euro collapse'
The insurance market Lloyd's of London is preparing contingency plans for the possibility of the euro collapsing, its chief executive tells a newspaper......

Lagarde tax jibe angers Greeks
Political parties in Greece criticise IMF head Christine Lagarde for suggesting that Greeks were avoiding paying taxes......

Branson calls for businesses plan
Business tycoon Richard Branson urges the government to promote economic growth by supporting small firms in the UK......

Cable: 'Don't lecture eurozone'
The UK should learn from Germany's successful economy, rather than lecturing the eurozone, Business Secretary Vince Cable says......

VIDEO: Cheese producers hit by Italy quake
A week after a powerful earthquake hit northern Italy, Parmesan farmers are feeling the economic repercussions......

VIDEO: Umunna: Lagarde 'is no Oracle'
Chuka Umunna said IMF boss Christine Lagarde was not likely to make critical comments about the UK government as Chancellor George Osborne "sponsored her for this job.".....

VIDEO: High Streets share 1.2m funding
Twelve English High Streets - from Cornwall to Northumberland - will share a 1.2m pot of government cash to rejuvenate shopping areas......

VIDEO: Cigarette tax to double in the UAE
Efforts are under way across the Gulf to sharply increase the cost of tobacco by doubling the tax rate, a move that is making smokers unhappy......

VIDEO: India's impact on Kuwaiti economy
The number of Indians living in in Kuwait has quadrupled in the past decade to about 650,000 - making them the country's largest non-Arab population......

VIDEO: Spain's Bankia vows transparency
The head of Spain's fourth-largest bank, Bankia, has promised more transparency, a day after announcing huge losses and asking for a bailout......

VIDEO: Your Money: Changes to payday loans
In this week's Your Money, Declan Curry looks at new pledges from payday loan companies to help borrowers who are in trouble......

Cannes: China arrives on and off the red carpet
In Cannes, China arrives on and off the red carpet.....

Mazda bets on internal combustion engine
Mazda bets big on petrol and diesel.....

Brazil's continuing franchising boom
The growing number of Brazilians buying a franchise.....

China brings jobs to Ethiopia but at what cost?
Who really benefits from Chinese investment in Ethiopia?.....

Pact 'brings Afghan bright spot'
May 27 - The signing of a strategic pact with the U.S. appears to be helping to boost Afghan businesses and consumer optimism. Paul Chapman reports......

Greek Conservatives say a vote for their party is a vote for the euro
May 26 - The leader of Greece's conservative New Democracy party says a vote for his party is a vote for Greece staying in the euro zone. Deborah Lutterbeck reports......

Exclusive: Cabinet is worth 70million
David Cameron is worth almost 4million according to a new analysis that estimates the combined wealth of the Cabinet at nearly 70million.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fc28837/mf.gif' border='0'.....

Irate Greeks vilify IMF chief on Facebook after she brands them tax dodgers
Christine Lagarde has been forced to express her sympathy for the Greek people after receiving 10,000 messages on Facebook, many of them obscene.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fc1903f/mf.gif' bo.....

Thomas Cook cuts new chief's notice period to six months
Thomas Cook has cut the notice period of its chief executive from 12 to six months as its board tries to stamp out 'pay for failure' accusations at the company.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fc2.....

John Timpson: regulations protect poor performers at the expense of the best staff
The management column: Straight-talking, common sense from the front line.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fc1c10d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.co.....

Autonomy boss Mike Lynch blames exit on Hewlett-Packard's PC focus
Hewlett-Packard might be the biggest PC manufacturer in the world, but Autonomy's Mike Lynch fell out with bosses after they decided to stick with computers instead of shifting their focus to software.<img width='1' height='1' src='http://telegrap.....

Graff Diamonds sees 'tremendous' demand ahead of $1bn Hong Kong IPO
Graff Diamonds, the London jeweller whose creations often fetch hundreds of thousands of pounds a piece, will on Monday start offering shares to retail investors ahead of its Hong Kong flotation.<img width='1' height='1' src='http://telegraph.feed.....

Tax deal to uncork India for wine investors
When Hong Kong scrapped all taxation on alcohol sales in 2008, it sent the price of investment wine into the stratosphere. Tax cuts on wine purchases are now set to happen in India, so will a new flood of buyers reverse recent price declines?<img .....

Qatar goes on European shopping spree
While most investors have either been choking back the tears or avoiding the beleaguered, recession-hit eurozone, one wealthy Arabian emirate has been on a trolley dash.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....

Australian mining magnate Gina Rinehart's fortune grows to 18.2bn
The resources boom is not over yet - for some, at least. Gina Rinehart, the Australian mining tycoon, is growing her wealth at a rate of 32m a day, according to Australia's annual rich list.<img width='1' height='1' src='http://telegraph.feedsport.....

The week ahead in business and economics: May 28 - June 1, 2012
Royal Bank of Scotland holds its annual meeting for shareholders, where it is expected to avoid an investor revolt over pay, and the latest house price figures are out.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....

Shops pin hopes on Jubilee lines for sales boost
The beleaguered retail sector is pinning its hopes on next weekend's Jubilee celebrations to provide an 800m sales boost.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fc19042/mf.gif' border='0'/><br/>.....

Neither spending cuts nor the eurozone are to blame for Britain's weak economy
There are two competing stories frequently put forward to explain why the British economy is currently so depressed. The first features "the cuts". The second, "Europe".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....

Greek Facebook users start war against Lagarde
Angry Greeks waged Facebook war against International Monetary Fund head Christine Lagarde today, after she accused their countrymen of dodging taxes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fc13666/mf.gi.....

Lotus boss quizzed over expense claims
The owner of sports car group Lotus is investigating expenses claimed by suspended chief executive Dany Bahar.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fc12785/mf.gif' border='0'/><br/><br/>.....

Former Dixons boss John Browett gets 36m 'golden hello' for joining Apple
John Browett, the former Dixons boss poached by Apple, will receive a $56m (36m) "golden hello" for taking charge of the tech giant's retail arm.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fbfd5b6/mf.gif' bo.....

Europe's Maquina Infernal has crippled Spain
Spain is spiralling into the vortex of debt-deflation. This has nothing to do with Greece. It is not the result of fiscal extravagance over the past decade, or other such Wagnerian myths.<img width='1' height='1' src='http://telegraph.feedsportal......

Greek sex industry hit by debt crisis
'Customers just don't feel like having sex - or can't afford to buy our stuff.'<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fc08b55/mf.gif' border='0'/><br/><br/><a href="http://da.feedsport.....

Brussels could take control of struggling European banks under secret plans
Struggling European banks could be seized and controlled by Brussels as part of secret plans being drawn up, it has emerged.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fbfc56b/mf.gif' border='0'/><br/&.....

Lotus chief executive Dany Bahar suspended
Dany Bahar, the chief executive of British-based sports car maker Lotus, has been suspended by the company's new Malaysian owners.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fbfbb7d/mf.gif' border='0'/>&l.....

Greece will run out of money by end of June, warns former PM Lucas Papademos
Former Greek prime minister Lucas Papademos has reportedly warned that Greece may run out of money by the end of June if international bailout funds are cut off following next month's election.<img width='1' height='1' src='http://telegraph.feedsp.....

Autonomy boss Mike Lynch blames exit on Hewlett-Packard 'turmoil'
Autonomy founder Mike Lynch has blamed his exit from the company on a strategy U-turn by its new owners, Hewlett-Packard.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fbfc7d0/mf.gif' border='0'/>.....

Euro 2012 could harm Ukraine's ability to repay debts
Country may never recover billions of dollars it has spent, warn analysts.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1fbf3866/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.co.....

Nick Clegg: eurozone foundations are 'weaker than anyone could have predicted'
Nick Clegg has warned that the foundations of the eurozone are "weaker than anyone could have predicted", as he urged Greece to stay in the euro and stick with its austerity programme.<img width='1' height='1' src='http://telegraph.feedsportal.com.....

Government must focus on SMEs, says Sir Richard Branson
Billionaire tycoon says the Government needs to provide 'action to back the rhetoric', boost support for small and medium-sized businesses and promote entrepreneurialism to reduce unemployment and kickstart growth.<img width='1' height='1' src='ht.....

Sir Richard Branson blasts Government for lack of growth
Billionaire tycoon says the Government needs to provide 'action to back the rhetoric', boost support for small and medium-sized businesses and promote entrepreneurialism to reduce unemployment and kickstart growth.<img width='1' height='1' src='ht.....