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Sunday 26 August 2012

UK Financial News on 2012-08-26

Unicredit 'in Iran investigation'
Italian bank Unicredit is co-operating with the US over a possible breach by a subsidiary of US sanctions reportedly against Iran......

Virgin 'would run rail line free'
Virgin boss Sir Richard Branson offers to run the West Coast Mainline "for free" so Parliament can review the franchise's award to FirstGroup......

Mouchel: 8,000 jobs 'preserved'
Mouchel says its future is secured and 8,000 jobs will be preserved as the UK public-infrastructure group enters administration......

Samsung to appeal in Apple case
Samsung vows to appeal after a US court ordered the South Korean giant to pay Apple more than $1bn (665m) for infringing design patents......

India coal scandal sparks protest
Police in Delhi baton-charge hundreds of protesters angered by a report that India lost $33bn (20bn) through the mis-selling of coalfields......

Aggreko in power talks with India
Scottish firm Aggreko is holding talks with Indian officials over the possible supply of temporary power in Delhi......

France piles pressure on Greek PM
Francois Hollande says Greece must prove it can reform its finances before receiving more bailout funds, after talks with Greek PM Antonis Samaras......

VIDEO: Your Money: Pension advice and mortgage woes
In this week's Your Money, Susannah Streeter examines the impact of quantitative easing on pensions and how falling house prices are hurting some homeowners......

VIDEO: Homeowners 'trapped' by market
Millions of mortgage holders are effectively trapped in their homes because their deposits, or savings, have disappeared, according to a report by Lloyds TSB......

China banks under pressure as loans turn sour
China banks under pressure as loans turn sour.....

Website keeps endangered frogs alive online
Aug 26 - A website devoted to amphibian discovery has just recorded its 3000th new species, an achievement that belies the crisis facing frogs, salamanders and other amphibians around the world. Set up by scientists in California, Amphibiaweb aims to.....

Explosion kills 39 at oil refinery
Aug. 25 - At least 39 are dead, with more than 50 wounded, after a gas leak triggered an explosion at Venezuela's biggest oil refinery. Jessica Gray reports......

Help for Pakistan's dairy industry
Aug 26 - Pakistan taking steps to improve it's dairy industry. Julie Noce reports......

Hollande says Greece must show commitment
Aug. 25 - French President Francois Hollande tells Greek Prime Minister Antonis Samaras - you must show your reform program is credible. Jessica Gray reports......

U.S. jury rules in favor of Apple
Aug 25 - A sweeping victory for Apple after a U.S. jury rules Samsung must pay $1billion in damages for copying Apple's design. Julie Noce reports......

Investment banks raise starting salaries to attract graduates put off by scandals
Investment banks have been forced to raise starting salaries this summer to attract top graduates amid a student backlash against banking scandals.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22c11626/mf.gif' .....

Russian oligarchs deny AAR connection
The Russian oligarchs behind BP's joint venture partner TNK-BP have been forced to once again deny any links to a group of minority shareholders suing the UK oil giant in Siberian courts.<img width='1' height='1' src='http://telegraph.feedsportal......

Whistleblowers join forces to set up support organisation
Whistleblowers at the centre of two of Britain's highest profile corporate bribery investigations have joined forces to create a support group for people in the same situation.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726.....

It's obvious that British courts should defend firms' patents
When lawyers representing Apple and Samsung locked horns in San Jose, California, in recent weeks, there was more than just profit at stake.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22c1138a/mf.gif' border=.....

The will for austerity is waning and crisis may not be far away
Recently a number of economists have started to say that George Osborne should end cuts to capital spending (government investment in capital projects) and perhaps even raise it - maybe spending some more money on housing or roads or airports.<img.....

World's legacy airlines come under pressure
"Qantas has been through an exceptional period in its history over the past 12 months." When Alan Joyce, the Australian airlines's chief executive uttered the sober statement last week, there were few in the global aviation industry who didn't feel a.....

TomTom shifts gear from satnavs to smartphones
Harold Goddijn, chief executive of TomTom navigation system, on interactive transport - and the Olympics 'pilot'.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22c0aa13/mf.gif' border='0'/><br/><br/&.....

Debenhams set to open first Russian store
The department store group wants to tap into the growing retail market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22c0a52b/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r.....

Cycle Surgery sees Olympics sales boost
The retailer said sales of road bikes surged during the second week of the Games.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22c0a52c/mf.gif' border='0'/><br/><br/><a href="http://da.feedspo.....

Jack Wills operating officer appointment spurs float speculation
The former chief marketing officer at Vodafone has joined the fashion retailer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22c0a52d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsport.....

G4S to reveal impressive growth despite London 2012 Olympics fiasco
Nick Buckles, the chief executive of G4S, is likely to be granted a "stay of execution" on Tuesday as he unveils impressive growth at the company, despite the fiasco over its Olympic Games contract.<img width='1' height='1' src='http://telegraph.f.....

Debt crisis: ECB rescue plan could be 'addictive like a drug', says Weidmann
Central bank financing can be "addictive like a drug", the president of the Bundesbank has warned, in comments that emphasize the dangerous gulf between Germany and the European Central Bank.<img width='1' height='1' src='http://telegraph.feedspor.....

China gets creative as the cultural revolution grows
On the banks of the Chu river in Wuhan, a giant 2.5bn yuan (250m) theatre, shaped like a red Chinese lantern, is under construction.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22c0ae38/mf.gif' border='0'/>.....

China announces 800bn stimulus to boost confidence
China has announced a total of 8 trillion yuan (800bn) of "stimulus projects" to try to boost confidence in an economy that appears to be cooling faster than expected.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....

Peak cheap oil is an incontrovertible fact
If the looming global oil crunch has been postponed for another decade or two as widely alleged, this is far from obvious in today's commodity markets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22c01af0/mf.g.....

John Timpson: selling the family business is sometimes better than handing over to a hired hand
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/22c01af5/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.co.....

Apple patent win a wake-up call for industry
Apple's victory over Samsung is unlikely to spur its market share or innovation, while rivals might be prompted to get more creative.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22bf1126/mf.gif' border='0'/>.....

BHP sees long-term price fall for commodities
Marius Kloppers, chief executive of BHP Billiton, the world's biggest mining company, said he expects "long-term" price declines for its commodities as demand cools.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....

Explosion kills 39 at Venezuela refinery
The death toll from an explosion at Venezuela's biggest oil refinery on Saturday has risen to 39, with dozens more wounded and operations halted at the facility.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22b.....

ECB bond-buying 'risks becoming addictive'
Jens Weidmann, chief executive of the Bundesbank, has warned that the European Central Bank's plan for a new programme to buy government bonds of eurozone nations risks becoming addictive.<img width='1' height='1' src='http://telegraph.feedsportal.....

InterContinental to keep stake in New York Barclay
InterContinental Hotels Group is looking at retaining a stake of as much as 20pc in its prestigious Barclay hotel in New York.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22bcf6b6/mf.gif' border='0'/><br.....

RBS poised to float insurance arm
Royal Bank of Scotland has ended talks to sell Direct Line Group to private equity firms and will instead launch a long-anticipated flotation of its insurance arm within a matter of weeks.<img width='1' height='1' src='http://telegraph.feedsportal.....

Questor share tip: Buy Primary Health Properties for healthy income
Primary Health Properties offer a good yield. Questor says buy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22bcf6b9/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1392653.....

City lift for London's air ambulance
A clutch of City firms has stepped in to sponsor London's Air Ambulance after Virgin ended its long-standing association with the charity.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22bcf6bf/mf.gif' border='0.....

Prestbury inquiry deepens
Liquidators to a property vehicle owned by investors Nick Leslau and Sir Tom Hunter are "seeking further information" before deciding whether to sue over a 46m dividend paid during an investigation by the taxman.<img width='1' height='1' src='http.....