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Sunday 30 September 2012

UK Financial News on 2012-09-30

Xstrata expected to back Glencore
Mining group Xstrata is expected to recommend on Monday that its shareholders back a planned merger with commodities trader Glencore, the BBC understands......

Miliband threat to break up banks
Labour leader Ed Miliband says that if banks do not separate their retail and investment arms by 2015, the next Labour government will legislate to "break them up"......

Spain's debts to increase further
Spain's debt levels will increase further next year, the government predicts, putting Madrid under more pressure to trim spending......

Russia's World Cup budget soars
Russia reveals that its preliminary budget for holding the 2018 World Cup is almost twice what it projected when it won the bid in 2010......

VIDEO: Private land wheel clamping outlawed
From Monday 1 October wheel clamping on most private land in England and Wales will be illegal......

VIDEO: Grandmother defies Copenhagen gangs
Business owners in Denmark are being urged to come forward if they have been intimidated by protection gangs, after a bar owner in Copenhagen took a stand on the issue......

VIDEO: Your Money: Insurance company payouts
In this week's Your Money, Declan Curry gives some tips on how to make sure your insurance company pays up, travel company warnings and how to protect yourself from credit card fraud......

VIDEO: Rare James Bond memorabilia auction
A charity auction to mark the 50th anniversary of the very first 007 film will be held at Christie's in London......

VIDEO: Concerns over new holiday rights
Some travel agents will not be ready for a new scheme that clarifies holidaymakers' rights if a tour operator collapses, organisers say......

VIDEO: Clashes at Spain austerity protest
Riot police and protesters have clashed in Madrid for the third time in less than a week during anti-austerity protests......

AUDIO: Private money 'essential' for infrastructure plans
Where should the government be investing whilst interest rates are low?.....

'Never forget your dreams'
Young people around the world tell the BBC how they got their first jobs and provide tips for others.....

Cuts hit Spain's young hardest
Spanish young people protest high level of unemployment.....

Q&A: Pension automatic enrolment
The new automatic enrolment pension system explained.....

Progress and tradition collide in Warsaw's green oases
Sept. 30 - Owners of traditional Polish garden allotments in Warsaw are preparing for an environmental fight after the country's constitutional court ruled that developers should have the chance to build on hundreds of personal plots across the capit.....

Neighbours say farmer's biofuel is a gas
Sept. 30 - A Cuban farmer has taken an innovative approach to energy production and distribution by bagging the methane emitted by his pigs to share with neighbours. Tara Cleary reports......

Police and anti-austerity demonstrators clash in Spain.
Sept. 29 - Anti-austerity protesters clash with riot police wielding batons during a night demonstration in Madrid. Rough Cut (no reporter narration)......

Spain sees 2012 deficit target jump if bank aid included
Sept. 29 - Spain will meet its 2012 public deficit target as dictated by European guidelines, provided bank aid is not included. Deborah Lutterbeck reports......

Thames Water seeks to finance 4bn super sewer
Thames Water is poised to appoint an investment bank to help draw up the financing structure for the controversial 4.1bn "super sewer" project in London.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23fac92e/mf.....

Pressure mounts on BAE-EADS to give British jobs guarantee
BAE Systems and EADS are under pressure to give a guarantee on British jobs in return for the Government's support of a proposed 30bn merger of the defence and aerospace giants.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

BAE and EADS chiefs: 'Time to create something stronger'
Ian King, chief executive of BAE Systems, and Tom Enders, EADS chief executive, argue that it is time to seize the moment and create a business that is even stronger and better.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

Fisher being readied to take over from Tucker
Paul Fisher, the Bank of England's executive director of markets, is being groomed to replace Paul Tucker as the Bank's deputy governor for financial stability.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23fa.....

William Hill to up the stakes on Sportingbet
William Hill is expected to return with a revised offer for online bookmaker Sportingbet which could value the smaller rival at more than 400m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23fac715/mf.gif' bord.....

Banks face rising pressure after order to boost lending
Banks have come under attack to step up lending after Labour leader Ed Miliband threatened to break them up and Michael Fallon said uncooperative banks would be "named and shamed".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....

Economists in clover as global recession bites
It may be the dismal science but economics is currently proving to be a rewarding business.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23fab0dd/mf.gif' border='0'/><br/><br/><a href="http://.....

Overcoming challenges of Arctic oil drilling
Energy giants are investigating the potential riches in the Arctic region, but one has already broken ranks.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23fa7f26/mf.gif' border='0'/><br/><br/>&l.....

Tesco braced for first profit fall in 20 years as overseas markets struggle
The future of Tesco's international businesses will come under fresh scrutiny this week when Britain's largest supermarket chain reports its first fall in profits for almost 20 years.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....

Sensible for Germany to leave euro, but they're not ready
It is beginning to dawn on the Germans that if the euro holds together they'll have to stump up more and more money.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23fa7f2a/mf.gif' border='0'/><br/><b.....

Another domino falls as Hollande pushes France into depression
If French President Franois Hollande thinks he can assuage the bond markets by dishing out tax-heavy austerity instead of genuine reform, he has been given very bad advice.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

Germany told to 'come clean' over Greece
German Chancellor Angela Merkel must "come clean at long last" and admit that Greece will need help for another seven or eight years, the German opposition leader said.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....

News Corp beefs up compliance teams
News Corporation has hired five senior compliance officials, including a director from the US Securities and Exchange Commission, as part of its efforts to avoid a repeat of the phone-hacking scandal.<img width='1' height='1' src='http://telegraph.....

Sharon Bowles takes up cudgels in Brussels
When the UK is blamed for the eurozone crisis, George Osborne is relieved that Lib Dem MEP Sharon Bowles is there to put Britain's case.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23fabc54/mf.gif' border='0'/.....

Sharon Bowles takes on cudgels in Brussels
When the UK is blamed for the eurozone crisis, George Osborne is relieved that Lib Dem MEP Sharon Bowles is there to put Britain's case.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23fa76bd/mf.gif' border='0'/.....

Francois Hollande faces protest over fiscal pact
Thousands of protesters marched through Paris on Sunday against a European fiscal pact, the first major display of public anger to face President Francois Hollande since his May election.<img width='1' height='1' src='http://telegraph.feedsportal......

Week ahead in business and economics: October 1 - 5
Analysts expect Wolseley, the British building services giant, to announce a special dividend of between 250m and 550m at its full-year results on Tuesday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23f8e764/.....

Hedge fund founder David Harding reveals 34m tax bill
British multimillionaire David Harding publicly reveals his tax bill in a bid to show that he is "paying his share".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23f885b2/mf.gif' border='0'/><br/><b.....

Ed Miliband to British banks: 'Reform or we will legislate'
Ed Miliband has promised to break-up British lenders that fail to fully ring-fence their high street banking arms from their "casino" investment businesses, and pledged to introduce a tax on bankers' bonuses.<img width='1' height='1' src='http://t.....

Former head of MI6 involved in BAE and EADS merger
The former head of the Secret Intelligence Service, also known as MI6, is reportedly working to broker a 30bn merger deal between BAE and EADS.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23f72b60/mf.gif' bord.....

Questor share tip: Buy a small position in Direct Line float
RBS, which is majority owned by the taxpayer, is to float its Direct Line Insurance arm and private investors can buy in ahead of the IPO. Questor thinks the yield makes it worth a nibble.<img width='1' height='1' src='http://telegraph.feedsportal.....

New Look profits grow despite gloom
New Look, the high street retailer owned by private equity, has shrugged off the economic gloom to push profits up 30pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23f71b6d/mf.gif' border='0'/><br/>&.....

Doting wife loses everything after acting as perfect hostess for fraudster Nicholas 'Beano' Levene
He was the flamboyant and charming stockbroker with a reputed golden touch and she was the perfect hostess, loving wife and doting mother.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23f885b7/mf.gif' border='0.....

Best-buy savings deals: now you see them, now you don't
Good savings deals are being taken off the market almost as soon as they have been launched.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23f71b6e/mf.gif' border='0'/><br/><br/><a href="http:/.....

SFO gets tougher over Bribery Act
The Serious Fraud Office has ripped up its guidance to prosecuting the Bribery Act, in what could signal a tough new approach.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23f71b6f/mf.gif' border='0'/><br.....