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Sunday 2 September 2012

UK Financial News on 2012-09-02

PM 'fighting' for economic growth
David Cameron says he wants to "cut through the dither" holding the UK back, as he prepares a series of measures designed to promote economic growth......

Card-charge clampdown going ahead
The government is going ahead with its plan to ban retailers from imposing excessive charges on people who pay by debit or credit card......

ECB urged to take eurozone action
The head of the Organisation for Economic Co-operation and Development calls on the European Central Bank to take "credible" action on the eurozone crisis......

France helps Credit Immobilier
Struggling French mortgage lender Credit Immobilier has its assets guaranteed by the government......

Osborne vows infrastructure boost
Chancellor George Osborne unveils plans to back up to 50bn in private sector building projects - but Labour says he has "no new ideas"......

Premier League transfers at 490m
English Premier League clubs' spending on players reached almost 500m ($778m) during the summer transfer window, which closed on Friday, figures show......

VIDEO: In-store credit buys on increase
An apparent side effect of the recession and a gloomy economic outlook is an increase in consumers using in-store credit to buy big-ticket items such as dishwashers and sofas......

VIDEO: Your Money: Credit charges and student housing
This week, Your Money looks at EU credit card charges, the pros and cons of using in-store credit and whether it could be worth investing in student accommodation......

The power exercised by philanthropists
The philanthropic power of the rich.....

House fire couple's insurance hell
Devastated couple who thought they were insured.....

Has Israeli firm cracked electric car angst?
Does Israeli invention spell end to electric car angst?.....

Viagra seen as boost for the jet-set
Researchers in Argentina say Viagra and other erectile dysfunction drugs could be used to help travellers overcome the effects of jet lag. The scientists found that mice given small doses of Viagra were able to readjust their internal clocks after ex.....

Lufthansa union plans extended strikes on Tuesday
Lufthansa cabin crews will strike again on Tuesday and extend work stoppages, after a labour action on Friday over pay and cost-cutting measures brought Frankfurt airport to a standstill.<img width='1' height='1' src='http://telegraph.feedsportal......

David Wootton: champion of the City who favours a moral code
David Wooton, the Lord Mayor of London, believes banks should be more open and admit their mistakes readily.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22fe6ebd/mf.gif' border='0'/><br/><br/>&l.....

Abu Dhabi 'should inspire UK to plot its future'
Britain must follow Abu Dhabi's ambitious approach to infrastructure planning if it wants to get crucial projects off the ground, one of the UK's leading construction experts has warned.<img width='1' height='1' src='http://telegraph.feedsportal.c.....

Richard Branson steps up war of words over West Coast rail franchise
Virgin has released details of nine meetings with ministers and civil servants where it claims to have voiced concerns about the bid process for the West Coast mainline franchise.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

Mitt Romney buy-out firm said to be probed by New York attorney general
KKR and Bain Capital, the buy-out firm co-founded by Republican presidential candidate Mitt Romney, are two of at least a dozen private equity groups reported to be under investigation over a strategy that allegedly saved them hundreds of millions of.....

Private equity groups said to be probed by New York attorney general
At least 12 buyout companies are reported to have been subpoenaed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22fe29c8/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1392.....

Debt crisis: ECB should launch 'unlimited' bond buying, says OECD
The European Central Bank should launch an "unlimited" bond buying programme as part of vital efforts to stem the debt crisis, the secretary-general of the OECD has warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

Weather holds the key to the world's food price volatility
The World Bank's Food Price Index soared by 10pc in July, but global grain stocks are currently high enough to prevent a repeat of 2008's food riots, according to the World Bank. Things could rapidly change though.<img width='1' height='1' src='ht.....

Whatever the chosen emergency measures, confidence must come first
I have returned from holiday to find that, aside from the wonderful boost from the Olympics, the public mood seems to be darker. Understandably.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22fe29cb/mf.gif' bor.....

Banks prepare to seize control of Yellow Pages publisher
A group of banks is preparing to seize control of Yellow Pages publisher Hibu amid concerns that its management is is not clearing its massive debt pile fast enough.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....

Airlines under pressure to allow internet access on aeroplanes
For many travellers, aeroplane journeys are one of the last bastions of peace and quiet. But all that may be set to change.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22fdbc0b/mf.gif' border='0'/><br/&g.....

Bidding process hampered Virgin's bid for West Coast rail contract
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/22fdbc0c/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.co.....

Week ahead in business and economics: September 4 - 7
Analysts believe Wm Morrison has had a tough six months and expect this to be confirmed when the supermarket group posts interim results this week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22fd864a/mf.gif' .....

IAG considers taking stake in merged US airline
International Airlines Group, the BA and Iberia carrier, is considering taking a small stake in a new US airline expected to be formed by a merger of American Airlines and US Airways.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....

Russian oil production hits post-Soviet record
Russian leaders have hailed their powerful energy industry as the country posted a post-Soviet record high rate of oil production that should boost coffers in uncertain global economic times.<img width='1' height='1' src='http://telegraph.feedspor.....

Lib Dems will continue to push for Nick Clegg's 'wealth tax', says Vince Cable
Vince Cable has said the Lib Dems will continue to push for a "wealth tax", despite Nick Clegg's plan being widely rejected by the Conservative Party.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22fcba41/mf.gi.....

Technicals flash amber as ECB and Fed struggle to validate rhetoric
Louise Yamada clinched her reputation as America's oracle of technical analysis with an emphatic sell warning at the top of the Wall Street boom in 2007.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22fc174c/mf.....

ECB must do more because euro system is at stake, warns OECD secretary-general Angel Gurria
The European Central Bank should do more to stem the crisis in the eurozone because the current financial facilities are not enough, the secretary-general of the Organisation for Economic Cooperation and Development has said.<img width='1' height=.....

UK economy is healing, says Chancellor George Osborne
Chancellor believes the UK economy is 'healing' but warned that more must be done to ensure growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22fbcbe7/mf.gif' border='0'/><br/><br/><a href=.....

Eurozone crisis over within two years, says EFSF chief Klaus Regling
The head of Europe's financial bailout fund, Klaus Regling, said the eurozone crisis could be over in "one or two years" if member states stick to their pledges.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22f.....

What are David Cameron's plans?
David Cameron has vowed to end the "dithering" and "paralysis" that holds back Britain's economy but warned it will be a "hard road to success". Here is what the Prime Minister is planning to do.<img width='1' height='1' src='http://telegraph.feed.....

David Cameron vows to end 'dithering' that holds back UK economy
David Cameron has vowed to end the "dithering" and "paralysis" that holds back Britain's economy but warned it will be a "hard road to success".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22fb7159/mf.gif' bor.....

From Acton to Ocado: Waitrose through the years
Since opening its first store in Acton in 1904, Waitrose has grown into a supermarket chain with 284 shops across Britain and a 4.5pc share of the UK grocery market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....

The growing threat of domain squatters
Disputes over web addresses, more commonly referred to as domain names by the tech-conversant, have hit a record high.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22fab381/mf.gif' border='0'/><br/><.....

Festival of Business: starting a business without any cash
Everyone wants to be an entrepreneur these days, but few people have any money to do anything about it.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/22fab386/mf.gif' border='0'/><br/><br/><a h.....