Search This Blog

Sunday 12 August 2012

UK Financial News on 2012-08-12

Barclays chairman promises change
Sir David Walker says he wants to review the way Barclays operates and will begin his search for a new chief executive "within days"......

Italian airline suspends flights
An Italian cash-strapped budget airline, Wind Jet, suspends all its flights, leaving hundreds of passengers stranded at Rome airport......

UK Sport funding extended to 2016
Prime Minister David Cameron reveals that funding for Britain's Olympic sports will be maintained for Rio 2016......

VIDEO: Renault's impact on Moroccan economy
This summer saw the first cars roll off Renault's production line at North Africa's biggest car plant in Tangiers, but will car manufacturing help lower the unemployment rate?.....

VIDEO: 2G auction to push up Indian mobile bills
India's telecoms sector is back in the news as the government fixed the base price for the auction of the second generation, or 2G, spectrum......

South Asia energy crisis needs action
As South Asian nations suffer from an energy crisis, some analysts say they need to pool resources to solve the problem......

Hybrid boat-builders ply new, green waters
Aug12 - A new hybrid-powered cruiser is turning heads as the world of luxury watercraft follows the automotive industry's lead in offering customers the opportunity to go green. The Greenline 40 uses a panel of solar powered batteries that can run th.....

Romney taps Ryan as running mate
Aug. 11 - Republican presidential candidate Mitt Romney picks Congressman Paul Ryan as his vice presidential running mate. Deborah Lutterbeck reports......

Shareholders call for Anglo American chief Cynthia Carroll's exit
Cynthia Carroll, chief executive of Anglo American, is under attack from shareholders who have demanded an immediate change of management because they have lost confidence in her strategy and leadership.<img width='1' height='1' src='http://telegr.....

EDF Energy puts price cap on Hinkley Point nuclear plant
EDF Energy has, for the first time, specified a maximum price for the delivery of Britain's first new nuclear plant in a generation.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224fb79e/mf.gif' border='0'/>.....

easyJet takes on BA and Virgin for right to operate Moscow flights
easyJet is going into battle for the first time with both British Airways and Virgin Atlantic as the three airlines jostle for the right to operate lucrative flights between London and Moscow.<img width='1' height='1' src='http://telegraph.feedspo.....

EDF chief Vincent de Rivaz's nuclear vision aims to inspire a generation
EDF Energy chief Vincent de Rivaz discusses the Olympics, nuclear plans - and his salary prospects.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224fb7a0/mf.gif' border='0'/><br/><br/><a href=.....

Sir David Walker urged to defend Barclays against 'bank-bashing'
Sir David Walker must be wary of being "too political" at Barclays and prove he is capable of standing up for the bank against "hostile regulators", leading shareholders have warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....

Standard Chartered at odds with US regulator
Standard Chartered is ready to pay a fine to settle charges of breaking US sanctions on Iran but is holding out until American regulators agree to retract the emotive language used in their order.<img width='1' height='1' src='http://telegraph.fee.....

New EU employment ruling could stifle British business
New EU employment rules threaten UK attempts to cut red tape.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224f44a0/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/139264488.....

Berkeley bosses in line for 280m windfall
Directors at luxury housebuilder Berkeley Group could walk away with more than 280m in shares if they meet a goal to return 1.7bn to shareholders, under a remarkable incentive scheme drawn up by the company.<img width='1' height='1' src='http://te.....

AIG latest to make capital flight from eurozone
AIG, the insurance giant, is pulling some of its cash out of the eurozone in the latest sign of corporate capital flight from the debt stricken continent.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224ee32b/m.....

Britain's official forecasters must be open, even if they get things wrong
In its latest inflation report the Bank of England has downgraded its growth forecasts yet again - its forecasts of inflation have been even less accurate.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224ee32f/.....

Five years on, the Great Recession is turning into a life sentence
Five years into the Long Slump it almost seems as if we are back to square one.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224ee332/mf.gif' border='0'/><br/><br/><a href="http://da.feedsport.....

Branson's legal threat over FirstGroup's West Coast deal
Sir Richard Branson is prepared to launch a legal challenge if ministers award the franchise for the West Coast rail line to transport giant FirstGroup.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224ecd1b/mf......

Commodities: look beyond the short term for raw materials
The slew of results from the mining sector in past weeks has not been cheery.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224ecd1e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.....

John Timpson: take control over redundancies
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/224ecd1f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.co.....

Travelodge owners consider CVA to reduce 500m debt
Travelodge's new owners are considering putting the budget hotel company into a company voluntary arrangement (CVA) to deal with its crippling debt pile.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224ecd20/mf.....

Applications for 'straight to work' scheme soar
School leavers are increasingly choosing to go straight into work over applying for university courses, according to accountancy firm PwC.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224ecd21/mf.gif' border='0.....

Week ahead in business and economics: August 13 - 17
Standard Life will round off the life insurance reporting season on Tuesday when it is expected to report a 3pc fall in operating profits to 254m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224ecd22/mf.gif' b.....

Debt crisis: Germany ready to block Greek aid if country misses targets
Germany will block any new aid to ailing Greece if Athens does not fully comply with the terms of previous rescue packages, even if other countries support unlocking funds, a senior lawmaker said Sunday.<img width='1' height='1' src='http://telegr.....

Next branches out into garden centres
Fashion retailer, Next, is seeking to tap into the blossoming gardening market by opening a handful of garden centres.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224e77d7/mf.gif' border='0'/><br/><.....

Osborne to advertise for Bank of England governor
George Osborne is poised to advertise for a new Bank of England governor in the autumn to replace Sir Mervyn King.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224ddf1d/mf.gif' border='0'/><br/><br/.....

London 2012: Mervyn King says banks 'could learn a thing or two' from Olympics
Banks "could learn a thing or two about fair play from the Olympic movement", according to the Bank of England governor, who said the Games' impact on confidence could boost the economy.<img width='1' height='1' src='http://telegraph.feedsportal.c.....

Further fall in UK annual inflation rate is forecast
Inflation fell further in July, easing the pressure on household budgets, official figures are expected to show this week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224c0eb1/mf.gif' border='0'/><br/>.....

Think tank: why romcoms are essential viewing
Like an illicit affair between a flighty beauty and an earnest intellectual, the romantic comedy has long been intimately connected with the science of psychology, writes Octavius Black.<img width='1' height='1' src='http://telegraph.feedsportal.c.....

'Call time on sicknote UK' says Government adviser
Tens of thousands of sick workers "play the system" by remaining off work and on benefits for weeks despite being fit enough to return to their jobs sooner, according to the Government adviser, David Frost.<img width='1' height='1' src='http://tel.....

London 2012 Olympics: betting industry strikes gold
Hosting the Olympic Games, which ends today in London, has boosted the British betting industry, bookmakers have said.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/224c0eb8/mf.gif' border='0'/><br/><.....