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Sunday 9 September 2012

UK Financial News on 2012-09-09

Soros: Germany must lead or leave
International financier George Soros calls for Germany to "lead or leave the euro" days before a key ruling on the eurozone's bailout fund by a German court......

Heathrow expansion 'won't happen'
Business Secretary Vince Cable says an expansion of Heathrow Airport is "not going to happen" and that the government is seeking "alternatives"......

Trade unions gather in Brighton
Calls for industrial action over the Government's austerity policies are expected to dominate the TUC Congress which is getting under way in Brighton......

Lufthansa flights take off again
Lufthansa resumes flights after cabin crew agree to end strike action that stranded thousands of air passengers......

Hu makes pledge on Chinese growth
Chinese President Hu Jintao promises to maintain economic growth to support a global recovery, at the start of the Apec summit in Vladivostok......

US seeks better Russia trade ties
Secretary of State Hillary Clinton says the US administration wants to normalise trade relations with Russia this month, as she attends the Apec summit in Vladivostok......

VIDEO: How to get a 'price difference' refund
Paul Lewis of BBC Radio 4's Money Box explains what action is available to shoppers if they are promised a price match on a service or product......

VIDEO: Your Money: Allocated plane seats
In this week's Your Money, Declan Curry takes a look at plans by Easyjet to give passengers an individual seat number on their boarding passes from November......

VIDEO: Franchises prove popular in Gulf
Brand names are a familiar sight across the Gulf but very few of these are locally grown and are often franchises from the US or Europe......

Troika and Greek finance minister begin crucial meeting in Athens
Sept. 9 - Inspectors of the EU, IMF and ECB begin their first meeting with Greece's Finance Minister for a crucial review of reforms. Rough Cut (no reporter narration)......

Eye control glasses offer new world to severely disabled
Sept. 9 - British scientists have paired video game console cameras with a pair of ordinary glasses to create an eye control device that will allow the severely disabled to use a computer. The device costs just $US65, a price could make it accessible.....

Russia sounds economy alarm
Sept. 8 - Russia sounds the alarm over the global economy and urges fellow Pacific rim countries to protect themselves through regional trade ties. Sunita Rappai reports......

Members arrive for start of APEC summit
Sept. 8 - Member countries gather for start of APEC summit in Russia. Julie Noce reports......

Glencore to unveil concessions to woo Xstrata investors
Glencore will unveil last-ditch concessions on Monday to persuade Xstrata investors to back its revised 36bn bid for the miner, including retaining its chairman Sir John Bond at the head of enlarged group.<img width='1' height='1' src='http://tele.....

Troika rejects part of 12bn Greek austerity package
Greece's foreign lenders have rejected parts of a 12bn (9bn) austerity package prepared by the government, Greek officials said on Sunday as the two sides resumed talks after a month-long hiatus.<img width='1' height='1' src='http://telegraph.feed.....

Italy's Mario Monti rejects extra conditions for Draghi aid
Italy would not accept additional conditions being attached to any support from the ECB's bond-buying programme beyond the guidelines already agreed with EU partners, Prime Minister Mario Monti said.<img width='1' height='1' src='http://telegraph......

IMF chief Largarde highlights perils of US fiscal cliff
Christine Lagarde has said the "US fiscal cliff" is one of the greatest threats to the global economy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/233cd7d6/mf.gif' border='0'/><br/><br/><a hr.....

Xstrata investor Knight Vinke rejects Glencore 'takeover'
Knight Vinke, the activist investor, has become the latest big Xstrata shareholder to oppose Glencore's new proposed offer for the miner, saying the commodities trader has structured it as takeover so must pay more.<img width='1' height='1' src='h.....

Carthaginian terms for Italy and Spain threaten Draghi bond plan
The cold douche begins. Markets will now learn that the European Central Bank's bond plan is a devout wish, not a done deal. Europe's political minefield lies ahead.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....

Book cites Andy Hornby for HBOS failure
HBOS was driven to ruin in part by a sales-led culture fostered by Andy Hornby, its last chief executive, that encouraged staff to take on fatal levels of risk, a new book on the bailed-out lender has claimed.<img width='1' height='1' src='http://.....

Book cites Hornby for HBOS failure
HBOS was driven to ruin in part by a sales-led culture fostered by Andy Hornby, its last chief executive, that encouraged staff to take on fatal levels of risk, a new book on the bailed-out lender has claimed.<img width='1' height='1' src='http://.....

Week ahead in business and economics: Sep 10-Sep 14
Germany's constitutional court could spring a surprise for the eurozone.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/233baaf0/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/.....

Heathrow expansion 'not going to happen'
Business secretary Vince Cable has said that an expansion of Heathrow airport is "not going to happen" because of the breadth of political opposition to it.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/233b689b.....

Penelope Cruz concerned about crisis in Spain
Oscar-winning actress Penelope Cruz says she is deeply concerned about the financial crisis engulfing Spain and how it might affect the future of the film industry in her native country.<img width='1' height='1' src='http://telegraph.feedsportal.c.....

One in five Spaniards 'want return to peseta', says poll
One in five people in recession-hit Spain would like to ditch the euro and return to the peseta, a poll published on Sunday showed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/233b361e/mf.gif' border='0'/>&.....

One in five Spaniards 'want return to peseta'
One in five people in recession-hit Spain would like to ditch the euro and return to the peseta, a poll published on Sunday showed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/233ae1b1/mf.gif' border='0'/>&.....

Sainsbury's Bank launches new credit cards
The banking arm of supermarket giant Sainsbury's will step up the pressure on high street banks this week as it launches two new credit cards.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/233af964/mf.gif' borde.....

IMF backs Mario Draghi's bond-buying plan
The International Monetary Fund has thrown its weight behind Mario Draghi's strategy to backstop the euro with unlimited bond purchases, saying it was ready to get involved in the plan.<img width='1' height='1' src='http://telegraph.feedsportal.co.....

China factory output slowest in three years
China's factories ran at their slowest rate for three years in August, in the latest sign of a deepening slowdown in the world's second-largest economy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2339f402/mf......

Michael Fallon: 'We salute those who risk their own money to create jobs'
Michael Fallon, the new business minister, on how he'll champion people who create new wealth and employment<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23391fcb/mf.gif' border='0'/><br/><br/>&l.....

Big Society fund in 40m deal boost
Big Society Capital, the social enterprise investment fund launched by the Government in April, will announce this week that it has invested nearly 40m in new businesses in its first six months.<img width='1' height='1' src='http://telegraph.feeds.....

Engineers set the trend on FTSE 100
Engineering groups are becoming increasingly prominent in the benchmark FTSE 100 as financial firms drop out of the index.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23391fd0/mf.gif' border='0'/><br/>.....

Questor share tip: Hold as BP woes continue
Oil group BP has had another turbulent week. Questor says hold.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23391fd2/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1445426.....

EDF considers nuclear plant reprieve
EDF Energy is considering keeping two UK nuclear power stations that are scheduled to close in 2016 open for another decade, the Sunday Telegraph has learnt.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23391fd.....

Branson in attack on rail bid 'chaos'
Britain's rail industry is to give the Government a stark warning on the future vulnerability of the UK's train services as four new bidding wars for rail lines are launched and Virgin Rail attacks the basis of the franchising system.<img width='1.....

Cable's Industrial Strategy will mean 'picking the UK's winners'
The Government will pledge millions of pounds of support for key industries this week in an attempt to answer demands for a clear growth strategy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2337bd49/mf.gif' b.....

Xstrata CEO in line for 38m Glencore payout
Mick Davis, Xstrata chief executive, is likely to receive a payoff of at least 8m and could cash in company shares worth up to 30m if Glencore's bid for the miner succeeds.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

Business Secretary Vince Cable is praying for growth
Amid growing fears over its lack of a long-term vision, the Government will set out its industrial strategy this week. Will it be enough for Britain's most successful businesses to prosper?<img width='1' height='1' src='http://telegraph.feedsporta.....