Pension debts of UK plc swell 75bn in a year
Retirement obligations have been hit by the Bank of England's quantitative easing programme.....
Staveley sets up homeless charity
Middle East power broker, who reportedly advised on Barclays' fund injections during the crisis, sets up foundation for the homeless.....
Sloane Robinson slips out of top 20
London hedge fund manager no longer among Europe's largest as two years of underperformance sparks asset decline.....
Markit Group chief rules out IPO this year
Financial services firm's CEO quashes industry speculation of a flotation in the next year.....
Hosking calls time on 26-year Marathon
Co-founder's decision to retire this year is seen as a prelude to a sale of the asset manager.....
Banks miss out on $1.2bn in fees as IPO market shrinks
Volatile markets and spooked investors continue to hit investment banks' flotation fees.....
Canadian banks are making waves on the global stage
Bank of Montreal Capital Markets has defied the odds to report a 23% increase in global investment banking fees.....
Post-Libor business still good, say Barclays bosses
The bank has done brisk business since the Libor story broke, including three initial public offerings, five M&A transactions and a number of multi-billion bond issues.....
Ex-Oriel debt chief takes lending back to basics
Michael Berry's next venture is a credit fund targeting UK business investment.....
JP Morgan shakes up $2bn tech and operating costs
US bank prepares firm-wide scheme to integrate platforms and cut costs.....
Linpac owners look to offload holdings
The owners of the UK plastics and packaging company are looking to divest a number of its assets.....
Record July for corporate bonds in Europe
An aversion among investors to struggling sovereigns and banks in the region has driven demand for safe-haven corporate assets.....
Tchenguiz warrants ruled unlawful
Search warrants issued to the Serious Fraud Office as part of their investigations into property tycoons Robert and Vincent Tchenguiz are ruled unlawful......
Olympics 'hits shopper numbers'
Shops in central London saw a sharp drop in visitors at the start of the Olympics, figures suggest, with shoppers put off by fears of overcrowding......
Monti: 'Light at end of tunnel'
Italy's prime minister says he sees "light at the end of the tunnel" of the eurozone debt crisis as President Barack Obama calls to discuss the issue......
Online hotel deals 'broke law'
Two online travel agents and a hotel group could be limiting price competition on hotel room sales, early results of an OFT inquiry find......
Income levels at nine-year low
Individuals had less disposable income to spend in the first three months of the year than during any quarter since 2003, figures show......
Deutsche admits Libor failures
Deutsche Bank confirms that a "limited number" of staff were involved in the Libor rate-rigging scandal, as it cuts 1,900 jobs in a cost-cutting drive......
Online poker duo settle for $731m
Two online poker companies agree a $731m (466m) settlement with the US justice department over illegal internet gambling charges......
UBS loses $356m on Facebook sale
Swiss bank UBS says it lost 349m Swiss francs ($356m) due to problems with the launch of Facebook shares, more than halving its quarterly profits......
Hotmail replaced by Outlook.com
A re-engineered Outlook.com replaces Hotmail as Microsoft seeks to win over customers from rival Google-powered services......
Tax credits deadline approaching
Tax officials have reported a busy day at the HM Revenue and Customs call centre as the deadline for renewing tax credit claims approaches......
India sees growth slowing to 6.5%
India's central bank cuts its economic growth forecast for the country, which is one of the world's fastest-growing......
Half of India left without power
Hundreds of millions are left without electricity in northern and eastern India, after a massive power cut that also cripples much of the transport system......
Man Utd prices shares at $16 each
Manchester United plans to sell shares at between $16 and $20 each, raising as much as $330m (210m) in New York, according to documents filed in the US......
BP reports sharp fall in profits
Oil giant BP reports a sharp drop in second quarter profits after it reduces the value of a number of key assets......
Peers criticise broadband focus
The government's broadband strategy risks leaving many communities behind, by focusing on speed over reach, says a House of Lords committee......
Honda profits increase four-fold
Honda Motors reports a four-fold increase in first quarter profits as it continues to recover from the impact of last year's natural disasters......
Disabled people 'feel hostility'
A survey by the charity Scope suggests many disabled people feel media coverage about benefit cheats has a negative impact on them......
Mortgage lending 'fell in June'
The number of new mortgages approved for home buyers fell to the lowest level in 18 months in June, Bank of England figures show......
Japanese output in surprise fall
Industrial production in Japan unexpectedly falls for the third consecutive month, reinforcing fears that the country's economy is losing steam......
Taiwan slashes growth forecast
Taiwan's economy contracted in the three months to the end of June, as the global slowdown weighed on export-dependent countries......
New calls for action on the euro
US and German ministers press for international co-operation, as markets rise on expectations that there will be imminent action to tackle the crisis......
HSBC counts fines and claim costs
HSBC puts aside $2bn to cover potential mis-selling claims and money-laundering fines as it announces a sharp rise in first-half profits......
Apple and Samsung face jury trial
The world's two biggest smartphone makers head to court in California for one of the biggest patent trials to date......
Man Utd gets Chevrolet as sponsor
Manchester United signs a new seven-year deal to have its shirts sponsored by US car brand Chevrolet......
RFL casts doubt on Bradford offer
The Rugby Football League are unlikely to accept the second bid submitted to them by the ABC consortium for Bradford Bulls......
More Olympic tickets put on sale
More tickets go on sale amid the row over empty seats, organisers say, as London's transport appears to run without major problems......
VIDEO: Trade 'terrible' in central London
Despite the millions of spectators pouring into Olympic venues, businesses in central London are complaining of poor trade, and visitor attractions have seen a 30 to 35 per cent fall in numbers......
VIDEO: Can winning brands help the economy?
Can successful brands help the sluggish economy?.....
VIDEO: Fresh twist in US-EU airline tax row
Washington is looking to ratchet up the pressure in an ongoing row over EU legislation that will force airlines using European airports pay for their carbon emissions......
AUDIO: House prices 'fall 3,500 per mile'
House prices fall 3,500 for every mile when leaving London towards Manchester, explained estate agent Henry Pryor......
AUDIO: Minister defends broadband strategy
The government's strategy for improving broadband in the UK has been criticised as "misguided" in a parliamentary report. Ed Vaizey, Minister for Culture, Communications and the Creative Industries, responds to the criticism......
VIDEO: Duchess attends UK arts event
The Duchess of Cambridge has met some of the biggest names in UK arts culture, as part of a campaign to attract more investment in the country......
AUDIO: 'Failure to regulate' local radio
The Office of Fair Trading is looking at the takeover by the biggest commercial radio group in the country, Global Radio, of the Guardian Media Group's radio interests, for 70 million. The independent radio consultant Grant Goddard and Trevor Dann, f.....
AUDIO: Calais: London's 'Olympic suburb'
The northern French region of Pas de Calais has spent 95m regenerating itself into a high-tech Olympic training centre, hosting a number of Olympic teams including some from Britain......
Controversy over Man Utd share sale
What does Man Utd's share sale say about the club?.....
Africa's healthcare technology revolution
Technology opens doors to affordable healthcare in Africa.....
Nomura battles fresh image crisis
New Nomura chief battles fresh image crisis.....
Will the ECB's bond plan work?
How could the European Central Bank assist troubled countries?.....
Will the UK's new super port sink or swim?
What are the prospects for the UK's new deep sea port?.....
Viewpoint: Building banks from scratch
Does building banks from scratch create real competition?.....
India's energy crisis threatens growth
India's energy crisis threatens its economic growth.....
U.S. Day Ahead: Don't hold your breath for BenGyver
July 31 - Investors are poised to see if Ben Bernanke and the Fed will act swiftly to prop up the economy. But don't expect any unconventional heroics like 80s MacGyver......
Housing hope won't stop a recession
July 31 - The rise in U.S. home prices for the 4th month, according to a new survey, is good news for the sector. But given growing economic trouble spots, it may not be enough to prevent another recession, according to Yale economist Robert Shiller......
Man Utd fans enraged by IPO plans
Jul 31 - A group of Manchester United fans have accused the American Glazer family of milking the English Premier League soccer team for cash after IPO terms revealed they planned to take half of the proceeds of its flotation. Joanne Nicholson report.....
Breakingviews: EMI deals sour note
July 31 - Antony Currie and Jeffrey Goldfarb discuss why Vivendi could be financially better off if EU regulators nixed its $1.9 bln acquisition of British rival EMI......
Trading at Noon: Coach stalls, Bud flat & banks bleed
July 31 - Coach and Anheuser Busch hurt by North America, and European banks get pounded with poor quarterly reports......
Male birth control plans begin to gel
July 31 - Scientists in California are reporting promising results with an experimental contraceptive gel for men. Using a combination of two hormones, the researchers say they have been able to lower the sperm count of males significantly, bringing .....
Recession, Libor, Facebook hit banks
July 31 - A slew of grim second quarter results hit Europe's banks with UBS, Deutsche Bank, and BBVA reporting huge losses. Ciara Sutton reports......
3XSQ: Facebook stings UBS, Pfizer strong
July 30 - UBS saying it lost millions in Facebooks IPO, while Pfizer says cost cutting helped boost profits......
BP profits not slick
July 31 - The UK oil company BP reported a nose dive in profits in their quarterly results, citing weak oil prices and the Gulf of Mexico spill as the main causes. Joanne Nicholson reports.....
Asia's appetite for British tailoring
how China now came to account for 80 percent of its sales. Ivor Bennett reports......
U.S. Morning Call: Earnings Out -UBS, Deutsche, BP, Pfizer
July 31 - Profits at UBS more than halved in the second quarter, rival Deutsche Bank not faring any better......
Market Pulse: Don't touch European banks with a barge pole
July 31 - Profit at several large European banks tumble, putting the troubled financial sector under even greater strain. Trade financials if you want, but don't invest in them, says CMC Market's Michael Hewson.....
The downfall of 'China's Jackie Kennedy'
July 31 - A profile of the wife of disgraced Chinese politician Bo Xilai, a once glamorous lawyer now facing a tragic end after triggering once of the country's biggest recent political shakeups......
Breakingviews: Facebook costs UBS some of its new friends
Breakingviews.....
Reuters Today: Trading slump hits bank profits
July 31 - Profit shrivels at UBS and Deutsche Bank as the euro zone debt crisis hits client activity......
Wealth Strategies: Easier to save a buck than to earn a buck
July 30 - TIGER 21's Michael Sonnenfeldt says even the uber-wealthy are finding it difficult to make money in the current market and feel wealth preservation is a better goal than wealth generation right now......
Wealth Strategies: Facebook IPO too hyped for uber-wealthy
July 31 - Tiger 21's Michael Sonnedfeldt says investors are looking to get in on financing entrepreneurial ventures like Facebook and Groupon, but that they're more likely to get in early than to buy the IPOs......
Investors hungry for Fed action
July 30 - Summary of business headlines: Wall Street turns tepid awaiting possible stimulus from ECB, Fed; Apple, Samsung begin face-off in court; U.S. meat industry hungry for corn relief. Conway G. Gittens reports......
Fed, ECB: actions louder than words
July 30 - Central banks have said a lot about their intention to step in as needed to boost economic growth, but actions could speak louder than words at their meetings later this week. Bobbi Rebell reports......
U.S. Day Ahead: Markets naively optimistic before Fed meeting
Breakingviews Agnes Crane......
High hopes for ECB action
July 30 - Markets were optimistic policy changes at the European Central Bank would aid the euro zone crisis as concerns grow for Spain and Italy. Joanne Nicholson reports......
Trading at Noon: JPM falls; Yelp, Linkedin soar
July 30 - Deutsche Bank downgrades JPMorgan. Yelp rises 12 pct as it revamps its mobile app......
Breakingviews: Dimon vs Weill
July 30 - Jeffrey Goldfarb and Antony Currie discuss the subtext of Jamie Dimon's management shakeup at JPMorgan given his former mentor Sandy Weills recent comments about breaking up banks......
Shamed HSBC takes $2 billion hit
July 30 - HSBC's boss says revelations of lax anti-money laundering controls are "shameful and embarrassing" for Europe's biggest bank. Sonia Legg reports......
Europe Day Ahead: Monti, Hollande and EU emissions
July 30 - Mario Monti and Francois Hollande meet in Paris to discuss euro zone issues, while the U.S. looks to outlaw European emissions levies......
Court hears Apple was 'betting the company' on the iPhone
Apple was "literally betting the company" with the iPhone, a US court heard on the first full day of Samsung patent trial.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e9b6ed/mf.gif' border='0'/><br/>.....
Google buys online marketing start-up Wildfire
Google has bought online marketing service Wildfire for $250m (159m) in a bid to expand its lucrative advertising business.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e9b6ee/mf.gif' border='0'/><br/&g.....
Regulators need to stop wasting our money if they want proper funding
Another bruising day in the courts for the Serious Fraud Office. Our financial crime fighter is in the dock these days more often than the miscreants it is supposed to be prosecuting.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....
Aldi to create 3,000 jobs as discount supermarkets march on
Aldi, the discount supermarket chain, is to create 3,000 jobs in the UK over the next year as its popularity with cash-strapped British households shows no sign of slowing down.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....
China prepares vast stimulus as slump threatens Asia
China has ditched its reform strategy and prepared a vast stimulus package as the country's soft-landing turns uncomfortably hard, with recession warnings flashing across East Asia.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
SFO to continue Tchenguiz investigation after search warrants ruled 'unlawful'
The Serious Fraud Office vowed to press on with its controversial fraud investigation into property entrepreneur Robert Tchenguiz despite suffering a damning High Court judgment on the case.<img width='1' height='1' src='http://telegraph.feedsport.....
Elementis special dividend sparks a share reaction
Investors in chemical group Elementis were in their element today as strong results and news of a special dividend set off a reaction and helped the stock surge ahead.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
BP is not 'losing its way', chief executive Bob Dudley insists, as profits plunge 96pc
BP chief executive Bob Dudley insisted the company had not lost its way, despite reporting a 96pc plunge in profits, to just $238m (152m) for the second quarter.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e.....
Household incomes hit seven-year low
Household incomes fell to their lowest level in seven years in the first three months of the year, as families were hit by high inflation and smaller pay rises.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e8.....
It's time Britain celebrated all of its winners - whether they are Olympians or business leaders
Faster, higher, stronger: there is something truly magnificent about the Olympic virtues, those principles famously enunciated by Pierre de Coubertin, the founder of the modern Games, in 1894.<img width='1' height='1' src='http://telegraph.feedspo.....
UBS to sue Nasdaq over Facebook IPO
UBS is threatening to sue Nasdaq after technical problems at the exchange cost it nearly 230m on the Facebook flotation.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e8bf31/mf.gif' border='0'/><br/>&.....
Expedia fixed prices of hotel rooms says Office of Fair Trading
The competition regulator believes Intercontinental Hotels colluded with Expedia and Booking.com to limit discounts on rooms.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e8b7ea/mf.gif' border='0'/><br/.....
Debt crisis: as it happened - July 31, 2012
Greece's deputy finance minister warns that the near-bankrupt country is "on the brink" with cash reserves at "almost zero," as eurozone unemployment hits a record level of 11.2pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....
Italian police raid Barclays' Milan office
Italian police have raided Barclays' Milan office as part of an investigation into the alleged rigging of Euribor.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e89355/mf.gif' border='0'/><br/><br/.....
Manchester United faces questions over 'overextended' IPO valuation
Manchester United began the week with the commercial equivalent of a goal that would have had fans purring. If fans had been applauding, it did not last long.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e848.....
Debt crisis: live
Greece's deputy finance minister warns that the near-bankrupt country is "on the brink" with cash reserves at "almost zero," as eurozone unemployment hits a record level of 11.2pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....
Manchester United supporters' group criticises Glazer family following 150m share plan
Only half the proceeds of Glazer family's planned IPO will be used to reduce United's massive debt.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e90658/mf.gif' border='0'/>.....
Glazer criticised by fans' group over 150m Manchester United share plan
Only half the proceeds of Glazer family's planned IPO will be used to reduce United's massive debt.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e71fd9/mf.gif' border='0'/><br/><br/><a href=.....
UBS 'lost 227m on Facebook flotation'
Banking group UBS has claimed that the botched stock market listing of social networking giant Facebook cost it Sfr349m (227.4m).<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e6af42/mf.gif' border='0'/><.....
N&P building society reports 40pc rise in bank account switching
Consumers continue to shun the big four banks following recent City scandals.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e6af43/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.....
Fiat shares drop 5pc as profits plunge
Italian auto giant Fiat saw its shares drop more than 5pc after net profit in the second quarter plunged to 358m despite a rise in trading profits due to its newly-acquired US arm Chrysler.<img width='1' height='1' src='http://telegraph.feedsporta.....
Apple 'considering stock split to join Dow'
Apple is mulling a plan to split its stock that could see the technology giant join the Dow Jones Industrial Average, according to reports.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21e6af45/mf.gif' border='.....
Olympics home-working 'risks consumer data breach'
Companies are putting personal information about consumers at risk by allowing employees to work from home during the London Olympics without taking extra precautions to protect data says Shred-it, the document destruction business.<img width='1' .....
Elite US fund managers eye 'Cambridge Cluster'
Government efforts to persuade US fund managers to back hi-tech companies clustered around Cambridge got under way on Monday just two months after Hewlett-Packard raised questions about the value of its heavy investment in the area.<img width='1' .....
BP profits plunge: market reaction
Analysts described BP's second-quarter results as "disappointing" as the oil giant saw profits nose-dive from $5.4bn to $238m after it was hit by huge impairment charges.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....
Tuesday 31 July 2012
Monday 30 July 2012
UK Financial News on 2012-07-30
Pension debts of UK plc swell 75bn in a year
Retirement obligations have been hit by the Bank of England's quantitative easing programme.....
Staveley sets up homeless charity
Middle East power broker, who reportedly advised on Barclays' fund injections during the crisis, sets up foundation for the homeless.....
Sloane Robinson slips out of top 20
London hedge fund manager no longer among Europe's largest as two years of underperformance sparks asset decline.....
Markit Group chief rules out IPO this year
Financial services firm's CEO quashes industry speculation of a flotation in the next year.....
Hosking calls time on 26-year Marathon
Co-founder's decision to retire this year is seen as a prelude to a sale of the asset manager.....
Banks miss out on $1.2bn in fees as IPO market shrinks
Volatile markets and spooked investors continue to hit investment banks' flotation fees.....
Canadian banks are making waves on the global stage
Bank of Montreal Capital Markets has defied the odds to report a 23% increase in global investment banking fees.....
Post-Libor business still good, say Barclays bosses
The bank has done brisk business since the Libor story broke, including three initial public offerings, five M&A transactions and a number of multi-billion bond issues.....
Ex-Oriel debt chief takes lending back to basics
Michael Berry's next venture is a credit fund targeting UK business investment.....
JP Morgan shakes up $2bn tech and operating costs
US bank prepares firm-wide scheme to integrate platforms and cut costs.....
Linpac owners look to offload holdings
The owners of the UK plastics and packaging company are looking to divest a number of its assets.....
Record July for corporate bonds in Europe
An aversion among investors to struggling sovereigns and banks in the region has driven demand for safe-haven corporate assets.....
Man Utd prices shares at $16 each
Manchester United plans to sell shares at between $16 and $20 each, raising as much as $330m (210m) in New York, according to documents filed in the US......
New calls for action on the euro
US and German ministers press for international co-operation, as markets rise on expectations that there will be imminent action to tackle the crisis......
HSBC counts fines and claim costs
HSBC puts aside $2bn to cover potential mis-selling claims and money-laundering fines as it announces a sharp rise in first-half profits......
Fees imposed on 'free' accounts
Small businesses that bank with Santander are told that their accounts, supposedly free for ever, will now cost them at least 7.50 a month......
Tight timetable for Libor review
The team reviewing the scandal-hit Libor rate is given two weeks to publish its initial proposals on possible reforms and changes to regulation......
Chrysler in profit on US sales
Chrysler swings to a profit of $436m (278m) as the carmaker was boosted by sales in its home US market......
Mortgage lending 'fell in June'
The number of new mortgages approved for home buyers fell to the lowest level in 18 months in June, Bank of England figures show......
Man Utd gets Chevrolet as sponsor
Manchester United signs a new seven-year deal to have its shirts sponsored by US car brand Chevrolet......
Apple and Samsung face jury trial
The world's two biggest smartphone makers head to court in California for one of the biggest patent trials to date......
Fuel costs knock Ryanair profits
Low-frills airline Ryanair reports a sharp drop in quarterly profits as a result of "significantly" higher fuel costs......
Wet weather 'hits retail sector'
The number of retailers going out of business between April to June jumped sharply, due in part to the wet weather, a study says......
Japanese output in surprise fall
Industrial production in Japan unexpectedly falls for the third consecutive month, reinforcing fears that the country's economy is losing steam......
Losses widen at Air France-KLM
Europe's biggest airline Air France-KLM reports a 895m-euro second quarter loss as it is hit by redundancy payouts from cost-cutting measures......
Massive power failure hits India
A massive power cut causes disruption across northern India, including in the capital, Delhi, affecting more than 300 million people......
HK tycoon named in trading probe
Shipbuilder China Rongsheng Heavy tries to calm investors after a separate firm controlled by its chairman is implicated in an insider trading scandal......
Euro remarks fuel bond rumours
Germany and Italy saying they will do everything possible to protect the eurozone fuel rumours that purchases of Spanish bonds are to resume......
RFL casts doubt on Bradford offer
The Rugby Football League are unlikely to accept the second bid submitted to them by the ABC consortium for Bradford Bulls......
More Olympic tickets put on sale
More tickets go on sale amid the row over empty seats, organisers say, as London's transport appears to run without major problems......
AUDIO: Can the US help save the eurozone?
5 live asked the head of credit at Legal and General if Tim Geithner's visit to Germany could be seen as significant......
AUDIO: Retail sector 'moving opposite way'
The number of insolvencies in the retail industry is growing very rapidly, a PriceWaterhouseCoopers report says. David Chubb, one of the authors of the report, and Stephen Robertson, director-general of the British Retail Consortium, discuss the situ.....
VIDEO: Samsung and Apple clash heads to trial
Apple and Samsung's long running legal battle over claims of patent infringement will be aired in court in California......
VIDEO: HSBC reports profit despite scandal
HSBC announces an 11% rise in half-year profits to $12.7bn (8.1bn), despite the scandal surrounding alleged money laundering......
VIDEO: Boom for Japan's fireworks makers
The season for fireworks displays is underway in Japan, but it is getting more expensive for taxpayers......
Insurance tips for new cyclists
Insurance tips if you're inspired by GB cyclists.....
Fireworks light up Japanese economy
Fireworks give much-needed boost to Japan's economy.....
U.S. Day Ahead: Markets naively optimistic before Fed meeting
Breakingviews Agnes Crane......
High hopes for ECB action
July 30 - Markets were optimistic policy changes at the European Central Bank would aid the euro zone crisis as concerns grow for Spain and Italy. Joanne Nicholson reports......
Trading at Noon: JPM falls; Yelp, Linkedin soar
July 30 - Deutsche Bank downgrades JPMorgan. Yelp rises 12 pct as it revamps its mobile app......
Breakingviews: Dimon vs Weill
July 30 - Jeffrey Goldfarb and Antony Currie discuss the subtext of Jamie Dimon's management shakeup at JPMorgan given his former mentor Sandy Weills recent comments about breaking up banks......
Shamed HSBC takes $2 billion hit
July 30 - HSBC's boss says revelations of lax anti-money laundering controls are "shameful and embarrassing" for Europe's biggest bank. Sonia Legg reports......
Europe Day Ahead: Monti, Hollande and EU emissions
July 30 - Mario Monti and Francois Hollande meet in Paris to discuss euro zone issues, while the U.S. looks to outlaw European emissions levies......
3XSQ: GM marketing chief out; HSBC $2 bln hit
July 30 - GM's marketing chief Joel Ewanick given a red card and HSBC takes a $2 billion hit for U.S., U.K. flaws......
Israeli team grows human bones from fat
July 30 - A team of Israeli scientists has grown human bones in a laboratory using stem cells. The technique opens new possibilities for patients requiring bone repair or replacement using their own cells as building blocks. Jim Drury reports......
Greek bank deal sparks strike
July 30 - Workers from the majority state-controlled ATEbank stage a 24 hour strike in Athens after learning larger rival bank Piraeus is to take over ATEbank's healthy assets. Hayley Platt reports......
300 million without power in India
July 30 - Seven of India's states have been affected by the worst electricity blackout to hit the country in a decade, causing delays to commuters, traffic standstill, and problems in hospitals. Joanne Nicholson reports......
U.S. Morning Call: Markets turn to global policy makers
July 30 - Ahead of meetings this week, global markets looking at the Fed and the ECB for more monetary easing.....
Profits fail to takeoff at Ryanair
July 30 - Europe's biggest budget airline Ryanair, undershot analyst forecasts with a profit slide of 29 percent in the three months to June as it grappled with a toxic mix of austerity, recession and stubbornly high fuel prices. Hayley Platt reports.....
Market Pulse: Bazooka or bust for Draghi this week
July 30 - An Italian bond auction passes off smoothly, thanks to the "Draghi effect". But the ECB chief must deliver on his boldest rhetoric to date that he will save the euro, says Eric Wand at Lloyds......
Breakingviews: HSBC worries hit earnings and reputation
July 30 - HSBC sets aside $2 bln to cover costs for PPI mis-selling and money laundering, but it's the snowballing effect and muddying of its reputation that should concern the bank, say Breakingviews.....
Mythbusting the Japanese economy
July 30 - Disasters, economic stagnancy and lumbering corporations -- in the news Japan often gets a bad rap. We debunk some common misconceptions to show it's a more promising investment than many think......
Reuters Today: HSBC profit set to be overshadowed
July 30 - Strong H1 earnings at HSBC set to be overshadowed by U.S. compliance issues and Libor scrutiny......
ECONOMY 2012: Ryanair eyes endless euro zone crisis
July 30 - Demand looks weak right across Europe and there's little prospect of an end to the region's crisis, says Ryanair CFO Howard Millar......
Camera system brings new focus to ball sports
July 29 - For fans of fast-moving sports like squash, raquetball or table tennis, Japanese engineers can take you closer to the action with a camera system that tracks even the fastest moving objects. It won't be deployed during these Olympic Games b.....
UK's true Olympic challenge remains
We'll ignore the empty seats. Forget also that Britain is so gripped by anti-business sentiment that corporate sponsors and freeloaders became automatically blamed, initially at least, for half-deserted Olympic venues.<img width='1' height='1' src.....
If it wants to stop saying sorry, HSBC must retrench fast
Charges for money-laundering and mis-selling PPI and interest rate swaps show just how far Britain's biggest bank has fallen from grace.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de9fcf/mf.gif' border='0'/.....
Former HSBC chiefs faces bonus clawbacks
Top HSBC executives could have millions of pounds of bonuses clawed back after revelations that the lender handled money linked to drug cartels and terrorists.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de9.....
Sorrell: Olympic Opening Ceremony was great advert for Britain
"Brand Britain" has been given a major boost by the Olympic opening ceremony, according to the country's most successful adman, Sir Martin Sorrell.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de8214/mf.gif' .....
Bankers found to have rigged Libor rate could face jail
The Serious Fraud Office has warned it will bring criminal charges against bankers involved in Libor rate rigging, potentially leading to prison sentences of up to 10 years.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....
Greene King investors should stop filling glasses after strong rally
It's time for investors in pub group Greene King to stop filling their glasses, according to Liberum Capital analyst Patrick Coffey, who called last orders on his stock recommendation and cut the company to "hold" from "buy".<img width='1' height=.....
Rain washes away hopes of retail fillip
The bad weather drowned hopes of a retail bounce-back as sales growth in July crashed to its weakest level since April, according to the CBI.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de785d/mf.gif' border.....
Mortgage price war in prospect as Nat West launches record low fixed rate
Nat West has launched the lowest-ever five-year fixed rate mortgage, indicating a 'race to the bottom' among lenders competing for desirable customers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de7860/mf.g.....
Debt crisis: ECB intervention hopes drive markets higher
European markets rose sharply amid mounting speculation of a dramatic intervention by the European Central Bank to arrest the crisis engulfing the region.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21ddf7f8/m.....
Oligarchs deny BP proposal for $1bn TNK-BP dividend
BP's oligarch partners in TNK-BP have piled pressure on the oil major ahead of its half-year results by refusing to approve the payment of a $1bn dividend.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21ddde33/.....
Geithner and Schaeuble urge euro co-operation
The top finance officials from Germany and the United States urged co-operation in the fight against the debt crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21ddde37/mf.gif' border='0'/><br/><.....
NatWest sparks price war with record five year mortgage
NatWest trumps HSBC's 2.99pc five year fixed rate with a 2.95pc product<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21ddbb6e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r.....
Debt crisis: as it happened - July 30, 2012
US Treasury Secretary Timothy Geithner and German finance minister Wolfgang Schaeuble urge quick reforms to end a crisis of confidence in the euro, as markets rise on hopes of imminent ECB action to tackle the crisis.<img width='1' height='1' src=.....
Debt crisis: live
US Treasury Secretary Timothy Geithner and German finance minister Wolfgang Schaeuble urge quick reforms to end a crisis of confidence in the euro, as markets rise on hopes of imminent ECB action to tackle the crisis.<img width='1' height='1' src=.....
European Central Bank's Mario Draghi stung over euro-bee analogy
City Diary: ECB's Mario Draghi gets stung, no godly hope for Lord O'Donnell and red faces over Sky economics tome.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21dd7f98/mf.gif' border='0'/>.....
Westfield banks on London in 3bn expansion
Westfield, the Australian shopping centre developer, plans to spend 3bn on new projects in the UK.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de9fd6/mf.gif' border='0'/>.....
Westfield banks on London in 3bn expansion
Westfield, the Australian shopping centre developer, plans to spend 3bn on new projects in the UK.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21dd2f5c/mf.gif' border='0'/><br/><br/><a href=".....
Apple design chief: 'Our goal isn't to make money'
Apple might be the most valuable company in the world but its design chief insists it is not in it for the money.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21dc984f/mf.gif' border='0'/><br/><br/&.....
Profits jump at London 2012 Olympic stadium engineer
The company that built the foundations for London's Olympic Stadium has seen profits more than treble so far this year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de8226/mf.gif' border='0'/>.....
Profits jump at Olympic stadium engineer
Shares in Keller, the builder of the foundations for the London 2012 Olympic stadium, rose sharply after half-year profits jumped.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21dc74be/mf.gif' border='0'/>&l.....
Sir John Parker urges picking winners - a response
Sir John Parker says Britain need to picking industrial winners again, but someone who has known him since his Harland and Wolff days believes rebalancing the economy should go much further. Here is his letter.<img width='1' height='1' src='http:/.....
Ryanair suppresses price rises as recession and fuel costs hit profits
Ryanair saw its profits slide by almost a third in the first quarter, as a perfect storm of austerity, recession and high fuel prices hit earnings at Europe's biggest low cost airline.<img width='1' height='1' src='http://telegraph.feedsportal.com.....
FTSE 100: Stimulus hopes drive blue-chips higher
British blue-chips started the week in the green amid renewed hopes that central banks may unveil further economic stimulus in coming days, which buoyed investor sentiment and helped the FTSE 100 climb 0.5pc.<img width='1' height='1' src='http://t.....
FTSE 100: Blue-chips climb on stimulus hopes
British blue-chips started the week in the green amid renewed hopes that central banks may unveil further economic stimulus in coming days, which buoyed investor sentiment and helped the FTSE 100 climb 0.5pc.<img width='1' height='1' src='http://t.....
Former La Senza director takes reins at JJB
Beverley Williams, a former director of lingerie chain La Senza, has been appointed interim chief executive of JJB Sports.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21dbe3b4/mf.gif' border='0'/><br/>.....
Retirement obligations have been hit by the Bank of England's quantitative easing programme.....
Staveley sets up homeless charity
Middle East power broker, who reportedly advised on Barclays' fund injections during the crisis, sets up foundation for the homeless.....
Sloane Robinson slips out of top 20
London hedge fund manager no longer among Europe's largest as two years of underperformance sparks asset decline.....
Markit Group chief rules out IPO this year
Financial services firm's CEO quashes industry speculation of a flotation in the next year.....
Hosking calls time on 26-year Marathon
Co-founder's decision to retire this year is seen as a prelude to a sale of the asset manager.....
Banks miss out on $1.2bn in fees as IPO market shrinks
Volatile markets and spooked investors continue to hit investment banks' flotation fees.....
Canadian banks are making waves on the global stage
Bank of Montreal Capital Markets has defied the odds to report a 23% increase in global investment banking fees.....
Post-Libor business still good, say Barclays bosses
The bank has done brisk business since the Libor story broke, including three initial public offerings, five M&A transactions and a number of multi-billion bond issues.....
Ex-Oriel debt chief takes lending back to basics
Michael Berry's next venture is a credit fund targeting UK business investment.....
JP Morgan shakes up $2bn tech and operating costs
US bank prepares firm-wide scheme to integrate platforms and cut costs.....
Linpac owners look to offload holdings
The owners of the UK plastics and packaging company are looking to divest a number of its assets.....
Record July for corporate bonds in Europe
An aversion among investors to struggling sovereigns and banks in the region has driven demand for safe-haven corporate assets.....
Man Utd prices shares at $16 each
Manchester United plans to sell shares at between $16 and $20 each, raising as much as $330m (210m) in New York, according to documents filed in the US......
New calls for action on the euro
US and German ministers press for international co-operation, as markets rise on expectations that there will be imminent action to tackle the crisis......
HSBC counts fines and claim costs
HSBC puts aside $2bn to cover potential mis-selling claims and money-laundering fines as it announces a sharp rise in first-half profits......
Fees imposed on 'free' accounts
Small businesses that bank with Santander are told that their accounts, supposedly free for ever, will now cost them at least 7.50 a month......
Tight timetable for Libor review
The team reviewing the scandal-hit Libor rate is given two weeks to publish its initial proposals on possible reforms and changes to regulation......
Chrysler in profit on US sales
Chrysler swings to a profit of $436m (278m) as the carmaker was boosted by sales in its home US market......
Mortgage lending 'fell in June'
The number of new mortgages approved for home buyers fell to the lowest level in 18 months in June, Bank of England figures show......
Man Utd gets Chevrolet as sponsor
Manchester United signs a new seven-year deal to have its shirts sponsored by US car brand Chevrolet......
Apple and Samsung face jury trial
The world's two biggest smartphone makers head to court in California for one of the biggest patent trials to date......
Fuel costs knock Ryanair profits
Low-frills airline Ryanair reports a sharp drop in quarterly profits as a result of "significantly" higher fuel costs......
Wet weather 'hits retail sector'
The number of retailers going out of business between April to June jumped sharply, due in part to the wet weather, a study says......
Japanese output in surprise fall
Industrial production in Japan unexpectedly falls for the third consecutive month, reinforcing fears that the country's economy is losing steam......
Losses widen at Air France-KLM
Europe's biggest airline Air France-KLM reports a 895m-euro second quarter loss as it is hit by redundancy payouts from cost-cutting measures......
Massive power failure hits India
A massive power cut causes disruption across northern India, including in the capital, Delhi, affecting more than 300 million people......
HK tycoon named in trading probe
Shipbuilder China Rongsheng Heavy tries to calm investors after a separate firm controlled by its chairman is implicated in an insider trading scandal......
Euro remarks fuel bond rumours
Germany and Italy saying they will do everything possible to protect the eurozone fuel rumours that purchases of Spanish bonds are to resume......
RFL casts doubt on Bradford offer
The Rugby Football League are unlikely to accept the second bid submitted to them by the ABC consortium for Bradford Bulls......
More Olympic tickets put on sale
More tickets go on sale amid the row over empty seats, organisers say, as London's transport appears to run without major problems......
AUDIO: Can the US help save the eurozone?
5 live asked the head of credit at Legal and General if Tim Geithner's visit to Germany could be seen as significant......
AUDIO: Retail sector 'moving opposite way'
The number of insolvencies in the retail industry is growing very rapidly, a PriceWaterhouseCoopers report says. David Chubb, one of the authors of the report, and Stephen Robertson, director-general of the British Retail Consortium, discuss the situ.....
VIDEO: Samsung and Apple clash heads to trial
Apple and Samsung's long running legal battle over claims of patent infringement will be aired in court in California......
VIDEO: HSBC reports profit despite scandal
HSBC announces an 11% rise in half-year profits to $12.7bn (8.1bn), despite the scandal surrounding alleged money laundering......
VIDEO: Boom for Japan's fireworks makers
The season for fireworks displays is underway in Japan, but it is getting more expensive for taxpayers......
Insurance tips for new cyclists
Insurance tips if you're inspired by GB cyclists.....
Fireworks light up Japanese economy
Fireworks give much-needed boost to Japan's economy.....
U.S. Day Ahead: Markets naively optimistic before Fed meeting
Breakingviews Agnes Crane......
High hopes for ECB action
July 30 - Markets were optimistic policy changes at the European Central Bank would aid the euro zone crisis as concerns grow for Spain and Italy. Joanne Nicholson reports......
Trading at Noon: JPM falls; Yelp, Linkedin soar
July 30 - Deutsche Bank downgrades JPMorgan. Yelp rises 12 pct as it revamps its mobile app......
Breakingviews: Dimon vs Weill
July 30 - Jeffrey Goldfarb and Antony Currie discuss the subtext of Jamie Dimon's management shakeup at JPMorgan given his former mentor Sandy Weills recent comments about breaking up banks......
Shamed HSBC takes $2 billion hit
July 30 - HSBC's boss says revelations of lax anti-money laundering controls are "shameful and embarrassing" for Europe's biggest bank. Sonia Legg reports......
Europe Day Ahead: Monti, Hollande and EU emissions
July 30 - Mario Monti and Francois Hollande meet in Paris to discuss euro zone issues, while the U.S. looks to outlaw European emissions levies......
3XSQ: GM marketing chief out; HSBC $2 bln hit
July 30 - GM's marketing chief Joel Ewanick given a red card and HSBC takes a $2 billion hit for U.S., U.K. flaws......
Israeli team grows human bones from fat
July 30 - A team of Israeli scientists has grown human bones in a laboratory using stem cells. The technique opens new possibilities for patients requiring bone repair or replacement using their own cells as building blocks. Jim Drury reports......
Greek bank deal sparks strike
July 30 - Workers from the majority state-controlled ATEbank stage a 24 hour strike in Athens after learning larger rival bank Piraeus is to take over ATEbank's healthy assets. Hayley Platt reports......
300 million without power in India
July 30 - Seven of India's states have been affected by the worst electricity blackout to hit the country in a decade, causing delays to commuters, traffic standstill, and problems in hospitals. Joanne Nicholson reports......
U.S. Morning Call: Markets turn to global policy makers
July 30 - Ahead of meetings this week, global markets looking at the Fed and the ECB for more monetary easing.....
Profits fail to takeoff at Ryanair
July 30 - Europe's biggest budget airline Ryanair, undershot analyst forecasts with a profit slide of 29 percent in the three months to June as it grappled with a toxic mix of austerity, recession and stubbornly high fuel prices. Hayley Platt reports.....
Market Pulse: Bazooka or bust for Draghi this week
July 30 - An Italian bond auction passes off smoothly, thanks to the "Draghi effect". But the ECB chief must deliver on his boldest rhetoric to date that he will save the euro, says Eric Wand at Lloyds......
Breakingviews: HSBC worries hit earnings and reputation
July 30 - HSBC sets aside $2 bln to cover costs for PPI mis-selling and money laundering, but it's the snowballing effect and muddying of its reputation that should concern the bank, say Breakingviews.....
Mythbusting the Japanese economy
July 30 - Disasters, economic stagnancy and lumbering corporations -- in the news Japan often gets a bad rap. We debunk some common misconceptions to show it's a more promising investment than many think......
Reuters Today: HSBC profit set to be overshadowed
July 30 - Strong H1 earnings at HSBC set to be overshadowed by U.S. compliance issues and Libor scrutiny......
ECONOMY 2012: Ryanair eyes endless euro zone crisis
July 30 - Demand looks weak right across Europe and there's little prospect of an end to the region's crisis, says Ryanair CFO Howard Millar......
Camera system brings new focus to ball sports
July 29 - For fans of fast-moving sports like squash, raquetball or table tennis, Japanese engineers can take you closer to the action with a camera system that tracks even the fastest moving objects. It won't be deployed during these Olympic Games b.....
UK's true Olympic challenge remains
We'll ignore the empty seats. Forget also that Britain is so gripped by anti-business sentiment that corporate sponsors and freeloaders became automatically blamed, initially at least, for half-deserted Olympic venues.<img width='1' height='1' src.....
If it wants to stop saying sorry, HSBC must retrench fast
Charges for money-laundering and mis-selling PPI and interest rate swaps show just how far Britain's biggest bank has fallen from grace.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de9fcf/mf.gif' border='0'/.....
Former HSBC chiefs faces bonus clawbacks
Top HSBC executives could have millions of pounds of bonuses clawed back after revelations that the lender handled money linked to drug cartels and terrorists.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de9.....
Sorrell: Olympic Opening Ceremony was great advert for Britain
"Brand Britain" has been given a major boost by the Olympic opening ceremony, according to the country's most successful adman, Sir Martin Sorrell.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de8214/mf.gif' .....
Bankers found to have rigged Libor rate could face jail
The Serious Fraud Office has warned it will bring criminal charges against bankers involved in Libor rate rigging, potentially leading to prison sentences of up to 10 years.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....
Greene King investors should stop filling glasses after strong rally
It's time for investors in pub group Greene King to stop filling their glasses, according to Liberum Capital analyst Patrick Coffey, who called last orders on his stock recommendation and cut the company to "hold" from "buy".<img width='1' height=.....
Rain washes away hopes of retail fillip
The bad weather drowned hopes of a retail bounce-back as sales growth in July crashed to its weakest level since April, according to the CBI.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de785d/mf.gif' border.....
Mortgage price war in prospect as Nat West launches record low fixed rate
Nat West has launched the lowest-ever five-year fixed rate mortgage, indicating a 'race to the bottom' among lenders competing for desirable customers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de7860/mf.g.....
Debt crisis: ECB intervention hopes drive markets higher
European markets rose sharply amid mounting speculation of a dramatic intervention by the European Central Bank to arrest the crisis engulfing the region.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21ddf7f8/m.....
Oligarchs deny BP proposal for $1bn TNK-BP dividend
BP's oligarch partners in TNK-BP have piled pressure on the oil major ahead of its half-year results by refusing to approve the payment of a $1bn dividend.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21ddde33/.....
Geithner and Schaeuble urge euro co-operation
The top finance officials from Germany and the United States urged co-operation in the fight against the debt crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21ddde37/mf.gif' border='0'/><br/><.....
NatWest sparks price war with record five year mortgage
NatWest trumps HSBC's 2.99pc five year fixed rate with a 2.95pc product<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21ddbb6e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r.....
Debt crisis: as it happened - July 30, 2012
US Treasury Secretary Timothy Geithner and German finance minister Wolfgang Schaeuble urge quick reforms to end a crisis of confidence in the euro, as markets rise on hopes of imminent ECB action to tackle the crisis.<img width='1' height='1' src=.....
Debt crisis: live
US Treasury Secretary Timothy Geithner and German finance minister Wolfgang Schaeuble urge quick reforms to end a crisis of confidence in the euro, as markets rise on hopes of imminent ECB action to tackle the crisis.<img width='1' height='1' src=.....
European Central Bank's Mario Draghi stung over euro-bee analogy
City Diary: ECB's Mario Draghi gets stung, no godly hope for Lord O'Donnell and red faces over Sky economics tome.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21dd7f98/mf.gif' border='0'/>.....
Westfield banks on London in 3bn expansion
Westfield, the Australian shopping centre developer, plans to spend 3bn on new projects in the UK.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de9fd6/mf.gif' border='0'/>.....
Westfield banks on London in 3bn expansion
Westfield, the Australian shopping centre developer, plans to spend 3bn on new projects in the UK.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21dd2f5c/mf.gif' border='0'/><br/><br/><a href=".....
Apple design chief: 'Our goal isn't to make money'
Apple might be the most valuable company in the world but its design chief insists it is not in it for the money.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21dc984f/mf.gif' border='0'/><br/><br/&.....
Profits jump at London 2012 Olympic stadium engineer
The company that built the foundations for London's Olympic Stadium has seen profits more than treble so far this year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21de8226/mf.gif' border='0'/>.....
Profits jump at Olympic stadium engineer
Shares in Keller, the builder of the foundations for the London 2012 Olympic stadium, rose sharply after half-year profits jumped.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21dc74be/mf.gif' border='0'/>&l.....
Sir John Parker urges picking winners - a response
Sir John Parker says Britain need to picking industrial winners again, but someone who has known him since his Harland and Wolff days believes rebalancing the economy should go much further. Here is his letter.<img width='1' height='1' src='http:/.....
Ryanair suppresses price rises as recession and fuel costs hit profits
Ryanair saw its profits slide by almost a third in the first quarter, as a perfect storm of austerity, recession and high fuel prices hit earnings at Europe's biggest low cost airline.<img width='1' height='1' src='http://telegraph.feedsportal.com.....
FTSE 100: Stimulus hopes drive blue-chips higher
British blue-chips started the week in the green amid renewed hopes that central banks may unveil further economic stimulus in coming days, which buoyed investor sentiment and helped the FTSE 100 climb 0.5pc.<img width='1' height='1' src='http://t.....
FTSE 100: Blue-chips climb on stimulus hopes
British blue-chips started the week in the green amid renewed hopes that central banks may unveil further economic stimulus in coming days, which buoyed investor sentiment and helped the FTSE 100 climb 0.5pc.<img width='1' height='1' src='http://t.....
Former La Senza director takes reins at JJB
Beverley Williams, a former director of lingerie chain La Senza, has been appointed interim chief executive of JJB Sports.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21dbe3b4/mf.gif' border='0'/><br/>.....
Sunday 29 July 2012
UK Financial News on 2012-07-29
Euro remarks fuel bond rumours
Germany and Italy saying they will do everything possible to protect the eurozone fuel rumours that purchases of Spanish bonds are to resume......
UK will keep AAA rating, S&P says
The UK will hold on to its top AAA credit rating, the Standard & Poor's agency says......
Public 'driving senior pay shift'
Public pressure is helping drive a gradual shift on pay for senior corporate executives, according to an influential investor......
Free banking is no longer forever
Santander revokes free business bank accounts.....
Insurance tips for new cyclists
Insurance tips if you're inspired by GB cyclists.....
Camera system brings new focus to ball sports
July 29 - For fans of fast-moving sports like squash, raquetball or table tennis, Japanese engineers can take you closer to the action with a camera system that tracks even the fastest moving objects. It won't be deployed during these Olympic Games b.....
Rescued Chilean miners to launch own line of branded products
Mugs, sweatshirts and T-shirts will be branded with 'The Miracle 33'.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d5a22c/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....
Sir John Parker: We need to start picking industrial winners again
Sir John Parker on how to secure the future of British manufacturing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d5a22d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....
ECB could take haircut on Greek bonds in 'last chance' plan
Central banks across Europe are facing more huge losses under the terms of last-ditch efforts being made by EU authorities to keep Greece in the eurozone by slashing the country's debt exposure.<img width='1' height='1' src='http://telegraph.feeds.....
A dose of inflation could start to look like a cure for our current ills
We all need some respite from the euro crisis - well I certainly do - but there is one issue which continues to reverberate throughout the euro debate and also lies at the heart of the British economic predicament, namely the inflation outlook.<im.....
HSBC to set aside 600m to cover mis-selling and money laundering scandals
HSBC is expected to set aside more than 600m to cover the cost of mis-selling claims and the money laundering scandal that have recently hit Britain's biggest bank.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....
Etihad eyes seat on Aer Lingus board
Etihad, the fast growing Abu Dhabi carrier, would like a seat on the board of Ireland's Aer Lingus as it builds its own global alliance of airlines.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d50128/mf.gif'.....
Samsung faces 2.5bn damages bill if it loses Apple court case
Samsung could be hit with a damages bill of $2.5bn if rival Apple can prove that the Korean giant copied its iPhone and iPad technology.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d4fe87/mf.gif' border='0'/.....
Hotel operator Firmdale sees revenues jump 7.1pc to record high
Firmdale Holdings, the privately owned boutique hotel operator, has booked a 7.1pc increase in revenue to a record 74.4m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d4fe88/mf.gif' border='0'/><br/>.....
Jigsaw brings down the shutters on Kew as losses hit 10m
Jigsaw, the high street clothing chain, is closing its sister brand Kew following heavy losses last year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d43881/mf.gif' border='0'/><br/><br/><a.....
Libor scandal: RBS facing huge fine, warns chief Stephen Hester
Stephen Hester has warned that Royal Bank of Scotland is facing a huge fine over the Libor scandal that has engulfed Barclays.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d48def/mf.gif' border='0'/>.....
Libor scandal: RBS facing big fine, warns chief Stephen Hester
Stephen Hester has warned that Royal Bank of Scotland is facing a big fine over the Libor scandal that has engulfed Barclays.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d43884/mf.gif' border='0'/><br/.....
Debt crisis: Germany's Angela Merkel and Italian PM Mario Monti vow to protect euro
German Chancellor Angela Merkel and Italian Prime Minister Mario Monti have agreed to do everything to protect the euro zone and swiftly implement measures agreed by EU leaders in June.<img width='1' height='1' src='http://telegraph.feedsportal.co.....
Only Mario Draghi's ECB can avert global calamity before the year is out
Mario Draghi has promised the moon. The European Central Bank's council had better deliver on his pledge this week. If it does not, the crisis will surely escalate out of control in August or soon after.<img width='1' height='1' src='http://telegr.....
Week ahead in business and economics: July 30 - Aug 3
Britain's economy remains in focus with the MPC's rate decision this week, while on the corporate front BP and RBS report half-year results.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d34c80/mf.gif' border=.....
No more concessions for Greece, says German Finance chief ahead of Geithner meeting
Wolfgang Schuble, the German finance chief, said no further concessions can be made to Greece as he prepared to meet US Treasury Sectretary Timothy Geithner.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d3562.....
Germans 'better off without euro' - poll
The majority of Germans believe the country would be better off without the euro, a poll suggested on Sunday, as the economy minister reiterated doubts over whether Greece can stay in the single currency.<img width='1' height='1' src='http://teleg.....
FTSE remuneration chiefs believe pay is too high - survey
The majority of executives who set the remuneration of directors running Britain's top companies believe salaries and bonuses are too high, The Sunday Times reported, citing a survey by management consulting company Hay Group.<img width='1' height.....
Roger and Diana Jenkins in 150m 'happy' divorce
Roger Jenkins, the financial expert who made his fortune heading Barclays' tax-planning business, is reported to have awarded his Bosnian-born wife Diana 150m in an amicable divorce settlement.<img width='1' height='1' src='http://telegraph.feedsp.....
Personal injury referral-fee ban may not work, warns Solicitors Regulation Authority
A ban on the referral fees blamed for creating a "compensation culture" will be difficult to police and may not even be effective, regulators have warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d1e6d5/m.....
IMO Carwash pulls sale
IMO Carwash has become the latest private equity sale to be pulled as owners Carlyle try to refinance the company.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d1e02a/mf.gif' border='0'/><br/><br/.....
Employment Minister Chris Grayling moves to push more people on benefits back into work
Chris Grayling, the employment minister, has been forced to tighten the rules on the Government's 5bn flagship jobs scheme to get more people off benefits and back into work.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....
Lord O'Donnell out of running to be Barclays chairman
Lord O'Donnell, the former head of the civil service, is out of the running to become the chairman of Barclays.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d16450/mf.gif' border='0'/><br/><br/>.....
Festival of Business Network: Britain is a good place for entrepreneurs, says Adfonic chief Victor Malachard
The foreign founders of Adfonic say the UK has the right approach for new businesses.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d16452/mf.gif' border='0'/><br/><br/><a href="http://da.fee.....
Retailers warned not use recruiters that run tax avoidance schemes
A Government watchdog is to tell the UK's biggest supermarkets to stop using recruiters that operate damaging "tax avoidance" schemes that exploit temporary workers and cost the taxpayer an estimated 390m a year.<img width='1' height='1' src='http.....
Questor share tip: Compass eating up the competition
Compass' third quarter results were solid. Questor says buy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d15bc9/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1392636137.....
Germany and Italy saying they will do everything possible to protect the eurozone fuel rumours that purchases of Spanish bonds are to resume......
UK will keep AAA rating, S&P says
The UK will hold on to its top AAA credit rating, the Standard & Poor's agency says......
Public 'driving senior pay shift'
Public pressure is helping drive a gradual shift on pay for senior corporate executives, according to an influential investor......
Free banking is no longer forever
Santander revokes free business bank accounts.....
Insurance tips for new cyclists
Insurance tips if you're inspired by GB cyclists.....
Camera system brings new focus to ball sports
July 29 - For fans of fast-moving sports like squash, raquetball or table tennis, Japanese engineers can take you closer to the action with a camera system that tracks even the fastest moving objects. It won't be deployed during these Olympic Games b.....
Rescued Chilean miners to launch own line of branded products
Mugs, sweatshirts and T-shirts will be branded with 'The Miracle 33'.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d5a22c/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....
Sir John Parker: We need to start picking industrial winners again
Sir John Parker on how to secure the future of British manufacturing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d5a22d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....
ECB could take haircut on Greek bonds in 'last chance' plan
Central banks across Europe are facing more huge losses under the terms of last-ditch efforts being made by EU authorities to keep Greece in the eurozone by slashing the country's debt exposure.<img width='1' height='1' src='http://telegraph.feeds.....
A dose of inflation could start to look like a cure for our current ills
We all need some respite from the euro crisis - well I certainly do - but there is one issue which continues to reverberate throughout the euro debate and also lies at the heart of the British economic predicament, namely the inflation outlook.<im.....
HSBC to set aside 600m to cover mis-selling and money laundering scandals
HSBC is expected to set aside more than 600m to cover the cost of mis-selling claims and the money laundering scandal that have recently hit Britain's biggest bank.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....
Etihad eyes seat on Aer Lingus board
Etihad, the fast growing Abu Dhabi carrier, would like a seat on the board of Ireland's Aer Lingus as it builds its own global alliance of airlines.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d50128/mf.gif'.....
Samsung faces 2.5bn damages bill if it loses Apple court case
Samsung could be hit with a damages bill of $2.5bn if rival Apple can prove that the Korean giant copied its iPhone and iPad technology.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d4fe87/mf.gif' border='0'/.....
Hotel operator Firmdale sees revenues jump 7.1pc to record high
Firmdale Holdings, the privately owned boutique hotel operator, has booked a 7.1pc increase in revenue to a record 74.4m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d4fe88/mf.gif' border='0'/><br/>.....
Jigsaw brings down the shutters on Kew as losses hit 10m
Jigsaw, the high street clothing chain, is closing its sister brand Kew following heavy losses last year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d43881/mf.gif' border='0'/><br/><br/><a.....
Libor scandal: RBS facing huge fine, warns chief Stephen Hester
Stephen Hester has warned that Royal Bank of Scotland is facing a huge fine over the Libor scandal that has engulfed Barclays.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d48def/mf.gif' border='0'/>.....
Libor scandal: RBS facing big fine, warns chief Stephen Hester
Stephen Hester has warned that Royal Bank of Scotland is facing a big fine over the Libor scandal that has engulfed Barclays.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d43884/mf.gif' border='0'/><br/.....
Debt crisis: Germany's Angela Merkel and Italian PM Mario Monti vow to protect euro
German Chancellor Angela Merkel and Italian Prime Minister Mario Monti have agreed to do everything to protect the euro zone and swiftly implement measures agreed by EU leaders in June.<img width='1' height='1' src='http://telegraph.feedsportal.co.....
Only Mario Draghi's ECB can avert global calamity before the year is out
Mario Draghi has promised the moon. The European Central Bank's council had better deliver on his pledge this week. If it does not, the crisis will surely escalate out of control in August or soon after.<img width='1' height='1' src='http://telegr.....
Week ahead in business and economics: July 30 - Aug 3
Britain's economy remains in focus with the MPC's rate decision this week, while on the corporate front BP and RBS report half-year results.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d34c80/mf.gif' border=.....
No more concessions for Greece, says German Finance chief ahead of Geithner meeting
Wolfgang Schuble, the German finance chief, said no further concessions can be made to Greece as he prepared to meet US Treasury Sectretary Timothy Geithner.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d3562.....
Germans 'better off without euro' - poll
The majority of Germans believe the country would be better off without the euro, a poll suggested on Sunday, as the economy minister reiterated doubts over whether Greece can stay in the single currency.<img width='1' height='1' src='http://teleg.....
FTSE remuneration chiefs believe pay is too high - survey
The majority of executives who set the remuneration of directors running Britain's top companies believe salaries and bonuses are too high, The Sunday Times reported, citing a survey by management consulting company Hay Group.<img width='1' height.....
Roger and Diana Jenkins in 150m 'happy' divorce
Roger Jenkins, the financial expert who made his fortune heading Barclays' tax-planning business, is reported to have awarded his Bosnian-born wife Diana 150m in an amicable divorce settlement.<img width='1' height='1' src='http://telegraph.feedsp.....
Personal injury referral-fee ban may not work, warns Solicitors Regulation Authority
A ban on the referral fees blamed for creating a "compensation culture" will be difficult to police and may not even be effective, regulators have warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d1e6d5/m.....
IMO Carwash pulls sale
IMO Carwash has become the latest private equity sale to be pulled as owners Carlyle try to refinance the company.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d1e02a/mf.gif' border='0'/><br/><br/.....
Employment Minister Chris Grayling moves to push more people on benefits back into work
Chris Grayling, the employment minister, has been forced to tighten the rules on the Government's 5bn flagship jobs scheme to get more people off benefits and back into work.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....
Lord O'Donnell out of running to be Barclays chairman
Lord O'Donnell, the former head of the civil service, is out of the running to become the chairman of Barclays.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d16450/mf.gif' border='0'/><br/><br/>.....
Festival of Business Network: Britain is a good place for entrepreneurs, says Adfonic chief Victor Malachard
The foreign founders of Adfonic say the UK has the right approach for new businesses.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d16452/mf.gif' border='0'/><br/><br/><a href="http://da.fee.....
Retailers warned not use recruiters that run tax avoidance schemes
A Government watchdog is to tell the UK's biggest supermarkets to stop using recruiters that operate damaging "tax avoidance" schemes that exploit temporary workers and cost the taxpayer an estimated 390m a year.<img width='1' height='1' src='http.....
Questor share tip: Compass eating up the competition
Compass' third quarter results were solid. Questor says buy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21d15bc9/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1392636137.....
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