Search This Blog

Sunday 21 October 2012

UK Financial News on 2012-10-21

EBay 'pays only 1.2m in UK tax'
US auction site eBay paid only 1.2m in tax back in 2010 in the UK, where it generated sales of about 800m, according to an investigation by the Sunday Times......

HK moves to weaken local currency
Hong Kong moves to weaken its currency for the first time in three years as demand from investors fleeing Western markets has caused a sharp increase in its value......

Mixed poll results for Spain PM
Exit polls suggest nationalist parties in Spain's Basque Country have won regional elections, a poll seen as a key test of the government's austerity policy......

Brazil papers pull out of Google
Brazilian newspapers decide to pull out of Google News, saying the search engine refuses to pay for content and takes traffic away from their websites......

Guernsey targets 'vulture funds'
Guernsey's government plans to introduce laws that will restrict so called vulture funds access to the island's courts......

VIDEO: It's Your Money: Happiness secret
New research has apparently shown that we will be much happier if we save an extra 50 per month......

Monkeying around in the boardroom
A zoo sheds light on animal behaviour in the office.....

Temps hit by 'abusive tax avoidance'
Agency temp workers risk being chased for unpaid tax.....

The economist who saves lives
How this year's prize-winning economists save lives.....

Trinity Leeds - a 350m bet on the economy
Shopping centre will be the biggest to open in western Europe in 2013.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b849e9/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/.....

Let's not take the road to Harare to get recovery on track
This week's subject is what Sherlock Holmes would have deemed a three-pipe problem - alternative ways of increasing the money supply to boost the economy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b849eb/m.....

Trevor Hemmings' Northern Trust returns to profit
Trevor Hemmings, owner of Grand National winner Ballabriggs, has seen his main holding company, Northern Trust Group, bounce back to profit.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b849ed/mf.gif' border=.....

Jon Hunt targets luxury offices for 'spoilt businessman'
Foxtons' founder Jon Hunt gives serviced offices a makeover.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b849f0/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1445453649.....

Takeover Panel to review 'Cadbury law'
The Takeover Panel is set to launch a review of its controversial "Cadbury law" amid growing concerns that the new regime is stifling a healthy takeover market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b8.....

BP investors press for cash payout from Rosneft deal
BP shareholders have called for a cash payout following the oil giant's $27bn (17bn) deal with Rosneft after it emerged that the UK company's new structure will see investor returns from Russia fall as much as 85pc.<img width='1' height='1' src='h.....

Banks face thousands more rate swap mis-selling claims after Clydesdale and Yorkshire banks widen review
Banks could face tens of thousands of new claims over the mis-sale of complex interest rate derivatives to small businesses, after a decision by Clydesdale and Yorkshire banks to widen the products on which they will consider paying out compensation......

Felixstowe plays down London Gateway threat
The boss of Felixstowe, Britain's biggest container port, has played down the competitive threat from the new London Gateway terminal, dismissing its ability to transform company supply chains.<img width='1' height='1' src='http://telegraph.feedsp.....

White House candidates put bank reform on back burner
Reliance on Wall Street for funding mutes debate on financial regulation.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b7d121/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com.....

Spanish elections could mark step toward bail-out
Many believe elections held in Spain on Sunday represent a crucial step towards the recession-hit nation's sovereign bail-out.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b76df3/mf.gif' border='0'/><br.....

E-bay is latest overseas company to pay little UK tax
Auction site paid virtually no corporation tax on its British operations.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b76a7f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com.....

Nationwide eyes bid for RBS branches
Nationwide Building Society is considering bidding for the 316 branches being sold by Royal Bank of Scotland, potentially pitching into battle with Virgin Money and private equity group JC Flowers.<img width='1' height='1' src='http://telegraph.fe.....

IMF's epic plan to conjure away debt and dethrone bankers
So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.<img width.....

ECB's Knot backs call for EU budget commissioner
European Central Bank policymaker Klaas Knot has thrown his support behind German finance minister Wolfgang Schaeuble's call for a euro zone commissioner with power over European Union nations' budgets.<img width='1' height='1' src='http://telegra.....

ECB's Knot backs call for EU commissioner
Klaas Knot supports Schaeuble's commissioner with budget veto.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b68f60/mf.gif' border='0'/>.....

Hard road ahead as economy heals, says Osborne
"The economy is healing," George Osborne declared this month at a press briefing in the palatial halls of the British embassy in Tokyo. "But it is a hard road."<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b6.....

Hard road ahead as economy heals, says Osborne
"The economy is healing," George Osborne declared this month at a press briefing in the palatial halls of the British embassy in Tokyo. "But it is a hard road."<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b5.....

Third quarter profit warnings highest in four years
British companies have issued the highest number of third quarter profit warnings since 2008, as weak demand and ongoing economic uncertainty undermined market expectations.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....

Week ahead in business and economics: Oct 22-26
ONS is expected to announce that the double-dip recession is over<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b5a46d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/14454.....

Facebook boost as profits set to hit $284m
Facebook will face pressure from its investors this week on how it will speed up revenue growth, as the company tries to reverse a 50pc slump in its share price since it floated.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....

eBay avoids paying 50m tax in UK
The world's largest online marketplace eBay has avoided paying 50m corporate tax in Britain through legal tax-avoidance schemes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b53870/mf.gif' border='0'/><.....

Dart Energy looks to raise 40m in IPO on Aim
Australian group Dart Energy is expected to open the order book for the flotation of its international assets on Aim tomorrow which could give the spun-off group a market capitalisation of more than 100m.<img width='1' height='1' src='http://teleg.....

GDP figures to show Britain's double-dip recession is over
The double-dip recession will be officially declared over this week when the Office for National Statistics reveals that the economy grew by around 0.7pc in the months to September.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....

Dashwood: Tories lose the vote as Cruddas pulls funds
Once bitten, twice shy for one Conservative Party donor.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b410ef/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/144545338321/u.....

Questor share tip: Aggreko's woes are temporary
Shares in temporary power group Aggreko fell after its latest update on Friday. Questor says hold.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/24b410f0/mf.gif' border='0'/><br/><br/><a href=".....