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Sunday 24 June 2012

UK Financial News on 2012-06-24

Banks opened on Sunday for glitch
Some 1,200 NatWest, RBS and Ulster Bank branches opened on a Sunday for the first time, after a computer glitch affected millions......

PM considers big cuts to benefits
David Cameron suggests people under the age of 25 could lose the right to housing benefit - but a senior Lib Dem warns against a repeat of "1980s mistakes"......

Greek PM cannot attend EU summit
Greece's new Prime Minister Antonis Samaras will miss this week's EU summit while he recovers from eye surgery......

Sir Chris Hoy defends tax affairs
Olympic cyclist Sir Chris Hoy defends his tax arrangements after it was reported that he received a loan from his own company......

Rangers pair oppose newco switch
Steven Naismith and Steven Whittaker lodge objections to their transfer from the old Rangers to the newco......

VIDEO: Economic impact of Saudi succession
Following King Abdullah of Saudi Arabia's appointment of Prince Salman as the new heir to the throne, BBC's Katy Watson looks at just how important the kingdom's leadership is to the region's economic prosperity......

VIDEO: UAE campaign to stop illegal fishing
But due to depleting stocks of some fish in the UAE, a new scheme has launched to regulate trade and cut down on illegal fishing......

VIDEO: Banks open on Sunday after glitch
Some 1,200 NatWest, RBS and Ulster Bank branches have opened on a Sunday for the first time, after a computer glitch affected millions of customers......

The eurozone's reform wishlist
The many radical reforms needed to save the eurozone.....

Tepco ex-execs get golden parachute
Golden parachutes spark outrage in Japan.....

Does farmers' market food taste better?
Does farmers' market food really taste better?.....

Sounding off against the Bankia bailout in Spain
June 23 - Small shareholders gather outside Bankia headquarters in Madrid to protest Spain's banks bailout. Deborah Lutterbeck reports......

Francis Maude cracks down on the 'sickie' culture in Whitehall
All departments in Whitehall are to be forced to publish quarterly sickness absence rates for all their staff in a bid to help the public purse.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20ab2e8c/mf.gif' bor.....

Kate Bleasdale 'encouraged and condoned' falsification of accounts
Kate Bleasdale was sacked from Healthcare Locums, the company she founded, after she "directed, encouraged and condoned" the deliberate falsification of accounts.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20.....

CVC accelerates to bumper return on F1 investment
Private equity firm CVC is set to make a return of over 600pc from its $1bn investment in Formula One motor racing, according to new research.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20aae32c/mf.gif' borde.....

Bank of England's money printing is putting UK economy at risk
The Bank of England may be putting the economy at risk by persisting with low interest rates and money printing, according to the world's central banking supervisor.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....

Chancellor's 100 year bond disputed by bond agency
The Government body charged with selling gilts has raised question marks over the Chancellor's plans to sell 100-year and even undated bonds in a move which could lead to the latest budget u-turn.<img width='1' height='1' src='http://telegraph.fee.....

Fury as NatWest bank glitch drags on
RBS warns its 17 million customers that the backlog caused by a technical glitch could take at least another two days to clear, meaning that the computer failure will have lasted for more than a week.<img width='1' height='1' src='http://telegraph.....

NatWest glitch to stretch into the week
RBS is warning its 17 million customers that the backlog caused by a technical glitch could take at least another two days to clear, meaning that the computer failure will have lasted for more than a week.<img width='1' height='1' src='http://tele.....

Wimbledon goes for gold but tennis chiefs still net criticism
Interview: Richard Baker, independent non-executive of the Lawn Tennis Association.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20aae332/mf.gif' border='0'/><br/><br/><a href="http://da.feeds.....

Ex-Boots boss Richard Baker denies UK tennis 'shambles'
The former chief executive of Alliance Boots, Richard Baker, has launched a robust defence of the organisation in charge of British tennis after it was criticised for being a "total shambles".<img width='1' height='1' src='http://telegraph.feedspo.....

Xavier Rolet: Europe needs its own JOBS Act
Forget a transaction tax, Europe should focus on driving growth by creating a environment that allows small and medium-sized businesses to thrive.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20aaa99e/mf.gif' b.....

US fears will ease pressure on euro, says Deutsche Bank
The euro has passed its worst period of the year, according to the world's biggest currency trader, as fresh figures show that speculators have cut their bets against the troubled currency.<img width='1' height='1' src='http://telegraph.feedsporta.....

All the bail-out systems under the sun cannot make the eurozone work
Another week, another summit. This week's shindig of EU leaders in Brussels will be bound to focus on efforts to shore up the euro.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20aaa085/mf.gif' border='0'/>&.....

Banks told swap mis-selling victims rates would rise
A survey of small businesses claiming to have been mis-sold interest rate swaps has found that nine out of 10 were told rates would rise.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20aa565d/mf.gif' border='0'.....

Aer Lingus takeover could lead to Ryanair flights to America
Ryanair boss Michael O'Leary intends to use a takeover of Aer Lingus to launch ultra low-cost flights across the Atlantic, it is understood.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20aa565e/mf.gif' border=.....

Lloyds set to cut price of Verde branch sale
Lloyds does not expect to sell the 632 branches it is currently in the process of selling for as much as it had orginally hoped.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20aa565f/mf.gif' border='0'/><.....

Heathrow could see 60,000 extra flights
Heathrow could support more than 1,000 extra flights a week without building a third runway under proposals being looked at by the Government.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20aa5660/mf.gif' borde.....

John Timpson: honest mistakes can cost companies dear
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/20aa1cf2/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.co.....

ISS to advise investors on Xstrata
Pressure is mounting on the management of mining giants Xstrata and Glencore ahead of a shareholder vote on the $65bn merger of the two businesses.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20aa1cf3/mf.gif' .....

ISS to advise investors on Xstrata
Pressure is mounting on the management of mining giants Xstrata and Glencore ahead of a shareholder vote on the $65bn merger of the two businesses.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20a9e37b/mf.gif' .....

Germany tells Greece to stop asking for help and start cutting budgets
Germany has told Greece to stop asking for more help and get on with implementing the reforms it has already promised as tensions mount before this week's crucial summit of European Union leaders.<img width='1' height='1' src='http://telegraph.fee.....

Bear market in commodities a risk for equities
Commodities are now in a bear market - and they could have further to fall.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20a97651/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.c.....

EU president Van Rompuy to unveil banking union plan
European Union president, Herman Van Rompuy, hopes to unveil a proposal for a banking union at this week crunch EU leaders' summit.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20a90356/mf.gif' border='0'/>&.....

New Greek leader Samaras to miss key EU summit
Greek Prime Minister Antonis Samaras, who had eye surgery on Saturday, will not attend this week's key EU leaders summit, where the new government will attempt to ease the harsh terms of its bailout, a government spokesman said.<img width='1' heig.....

Debt crisis: Tony Blair says only Germany and a 'grand plan' can save the euro
To save euro, Germany must treat all debt as one, says Tony Blair.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20a813be/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1374.....

Nervous investors make a dash for cash
Thousands of nervous investors are shunning shares as the financial crisis drags on.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20a7c985/mf.gif' border='0'/><br/><br/><a href="http://da.feed.....