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Sunday 8 July 2012

UK Financial News on 2012-07-08

Balls urges greater bank reforms
Labour's Ed Balls demands that top High Street banks should be forced to sell off hundreds of branches in a "root-and-branch" reform of the industry......

Rangers vote unfair on SFL - Gray
Hamilton's Les Gray says SFL clubs have been put in an unfair position over the upcoming vote on whether to accept Rangers......

VIDEO: Miliband: 'Force bank sell-off'
Labour leader Ed Miliband has told a newspaper that high street banks should be forced to sell hundreds of branches to two new "challenger" banks.....

VIDEO: How easy is it to switch banks?
Have headlines about IT problems, rate-fixing and mis-selling, had an effect on where people bank?.....

VIDEO: Government 'dragging feet' on banks
Shadow chancellor Ed Balls has told the BBC's Andrew Marr Show that "root and branch" reforms of the banking industry are needed......

Aeroplane updates heat up Airbus Boeing rivalry
New engines and better wings help airliners cut fuel burn.....

Eurozone holidays: Ask our expert
Do you have questions about your eurozone holiday?.....

BP is dragged into SFO 'bribery' investigation
BP is facing a Serious Fraud Office investigation relating to work the company has been involved with in Azerbaijan.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21232f76/mf.gif' border='0'/><br/><b.....

Stagecoach at ready as rival sheds bus assets
Stagecoach is lining up a bid for a cluster of UK bus assets put up for sale by rival FirstGroup in an attempt to raise 100m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2122e4f2/mf.gif' border='0'/><br/.....

Land Securities brings in pay clawback
The commercial property group has become one of the first companies outside financial services to introduce a clawback mechanism into its executive pay structure.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21.....

TalkTalk 'trying hard to be a grown up business'
As TalkTalk launches its television-on-demand service, the telecoms company's chief executive wants the business to be "consciously competent".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21232820/mf.gif' bord.....

German president tells Angela Merkel to come clean on EU debt deal
Joachim Gauck, the German president, has ordered Chancellor Angela Merkel to clarify exactly what she agreed behind closed doors at the EU crisis summit ten days ago.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....

Cruise giant Carnival charts a course to safety
Six months on from the Costa Concordia disaster, Carnival's UK boss is focused on safety and on standards in the industry<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21232822/mf.gif' border='0'/><br/>.....

Marks & Spencer overtaken by Next
Marks & Spencer's market capitalisation overtaken by Next as investors worry Britain's biggest clothing retailer is losing female customers to rivals<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21232823/mf.....

Free trade is vital to protect jobs and growth in the global car industry
Unfair trade with closed markets creates a risk that jeopardises us all .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2122af95/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com.....

Polyus Gold woos London investors
After facing a few bumps in the road, Russia's biggest gold miner is wooing investors in London.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2122af96/mf.gif' border='0'/><br/><br/><a href="ht.....

Magnitsky-linked criminal at debate
Russian delegates at a debate, calling for action against individuals linked to Sergei Magnitsky's death, handed their passes to a convicted criminal connected to the crime.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....

Magnitsky-linked criminal at debate
Russian delegates at a cross-border parliamentary debate, calling for action against individuals linked to the death of anti-corruption lawyer Sergei Magnitsky, handed their passes for the event to a convicted criminal connected to the crime.<img .....

Cable warns banks are 'throttling' recovery
Banks are "throttling" the recovery by failing to lend to small businesses, Business Secretary Vince Cable said as politicians lined up to attack the industry and demand reforms.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....

Paul Tucker 'aware of move to fix Libor'
Deputy Bank of England governor, Paul Tucker, will be grilled by MPs over the Libor scandal and whether regulators decided to turn a blind eye to misconduct.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2123282.....

Tucker 'knew about Libor fixing'
Deputy Bank of England governor, Paul Tucker, will be grilled by MPs over the Libor scandal and whether regulators decided to turn a blind eye to misconduct.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/212272d.....

However many bailouts, the eurozone will soon be the twilight zone
All the bailout mechanisms under the sun cannot make the eurozone work.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2122a23d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r.....

Economic and business week ahead: July 9 - July 13
The focus of the week will be Paul Tucker, the deputy governor of the Bank of England, appearing in front of the Treasury Select Committee to present his side of the story in the Barclays/Libor scandal.<img width='1' height='1' src='http://telegra.....

The banks taking on the Big Five
Ed Miliband wants the UK's high street banks to sell 1,000 branches to industry newcomers. Here, we look at the newcomers taking on the Big Five lenders.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2120a57d/mf.....

Hamleys could be sold to France's Groupe Ludendo for 60m
Britain's most famous toy shop Hamleys could be sold to a French firm for around 60m, it has been reported.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21207431/mf.gif' border='0'/><br/><br/><.....

China 'faces downward pressure' says Premier Wen Jiabao
Chinese Premier Wen Jiabao has said the country's economy faces downward pressure as he called for more aggressive moves to keep growth on track.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21206d3b/mf.gif' bo.....

Debenhams steps up growth plan with German website
High street retailer Debenhams has stepped up its international growth plans by launching its first foreign language website in Germany.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/21206d3c/mf.gif' border='0'/.....

Italy will shrink by 2pc this year, says central bank governor Ignazio Visco
Italy's economy will shrink by around 2pc this year, the head of the Italian central bank has said, as he called for adopting a "new Italian spirit" to tackle the eurozone debt crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com.....

Vince Cable: Banks are 'throttling' UK recovery
Vince Cable has accused banks of "throttling" the UK recovery because of their failure to lend to businesses.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/212014f1/mf.gif' border='0'/><br/><br/>&.....

Ed Miliband wants banks to sell 1,000 branches to industry newcomers
Ed Miliband wants the UK's high street banks to sell 1,000 branches to industry newcomers, as he blasted former Barclays chief Bob Diamond's pay as "totally out of whack".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Colin Murray: 'Creativity, not pay, is my spur'
Broadcaster Colin Murray reveals how his family taught him how to spend wisely.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/211f6e80/mf.gif' border='0'/><br/><br/><a href="http://da.feedsport.....

Questor share tip: Aviva is a hold until its plan comes together
Aviva has unveiled its new strategic plan. Questor says hold.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/211efd40/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/139261973.....