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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.....