Search This Blog

Sunday 16 December 2012

UK Financial News on 2012-12-16

Barclays: US energy fine 'unjust'
Barclays says US regulators' proposed fines of $470m (291m) for its alleged manipulation of energy markets are "unjustified" and the allegations will not stand up......

Boris: Don't sneer at Starbucks
London Mayor Boris Johnson has urged people not to "sneer" at the coffee chain Starbucks over its decision to pay 20m in corporation tax......

Christmas rail strike to go ahead
Rail strikes in the run-up to Christmas are to go ahead after talks between ScotRail managers and trade union officials failed to achieve agreement......

VIDEO: Your Money: Christmas gift rights
In this week's Your Money, Declan Curry looks at your rights regarding Christmas gifts and the January sales, and how to avoid fraud over the festive period......

VIDEO: Ratan Tata to step down from Tata Sons
Ratan Tata, one of India's most internationally-recognised business leaders, will soon step down as chairman of Tata Sons, after more than 20 years heading the group......

VIDEO: Does festive music make you spend more?
A new study by Royal Holloway University suggests that playing Christmas songs could make shoppers spend more money......

VIDEO: Cocaine 'perfect drug for city boys'
Geraint Anderson, author of 'Cityboy: Beer and loathing of the Square Mile' said city workers are attracted to the drug because it is glamorous and expensive......

VIDEO: How fuel protests hit Jordan's economy
The BBC's Jonathan Frewin examines how Jordan's economy has been affected the government's recent decision to cut fuel subsidies......

Liberia's development frustrations
Evan Davis on Liberia's development frustrations.....

How to cut your energy use and save money
Keep your home warm and save money.....

Foreign retailers first to swoop down under in profit rush
Dec. 16 - Australia is being targeted by a swathe of foreign retailers, piling pressure on a local industry already battered by weak consumer spending and ruthless internet competition. Sarah Charlton reports......

More fiscal cliff-bitting
Dec. 14 - Summary of business headlines: Stock market quiet with eyes on fiscal cliff and school massacre, Apple shares slide as Chinese shun iPhone 5, Best Buy tumbles as founder gets more time. Conway G. Gittens reports......

Troubled in 2012, Promising for 2013
Dec. 14 - Three potential company comebacks for 2013 are Hewlett-Packard, Facebook and Weight Watchers. Carmen Roberts reports......

MPs to probe 'inaccuracies' in West Coast rail bid reports
Sam Laidlaw will be quizzed on Tuesday over the precise nature of the "inaccurate reports" to ministers he identified in his investigation into the West Coast rail bid fiasco.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....

BP seeks to change terms of Iraq oilfield contract
BP is looking to change the terms of its contract with the Iraq government for the Rumaila oilfield, as it seeks to change its production target.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a8c149/mf.gif' bo.....

Europe has nothing to fear but fear itself and will move ahead with hope
The eurozone will not break up. The price of departure is simply too great for any one country.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a8c14a/mf.gif' border='0'/><br/><br/><a href="htt.....

Fracking gets go-ahead, but how much shale gas do we actually have?
In what was possibly the least surprising decision ever, the Government last week formally gave the green light for fracking to resume in the UK, initiating - at least many hope - our very own shale revolution to rival that seen in the US.<img wid.....

If we play our cards right we could weave a new future for ourselves
For this, my last column of the year, I am in optimistic mode.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a8c14c/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15153951.....

Minimum alcohol pricing will not deter abuse
Government plans to implement minimum pricing unlikely to deter abuse, according to research.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a8c14d/mf.gif' border='0'/><br/><br/><a href="http:.....

Minimum alcohol pricing will not deter abuse, research shows
SABMiller commissioned a report into Government proposals.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a82c5b/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/151539509798.....

Banking Commission plans report that is "more Volcker than Vickers"
Coalition's financial reforms could be seriously challenged this week by demands from the banking commission for a far more radical overhaul of British lenders.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a8.....

Gulf leads way with women on boards
Gulf emerges as unlikely role model for gender diversity in boardroom.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a8a8ca/mf.gif' border='0'/>.....

A third of family companies in the Gulf have women on their boards
The Gulf has emerged as an unlikely role model for gender diversity in the boardroom.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a816ab/mf.gif' border='0'/><br/><br/><a href="http://da.fee.....

Goring goes into the red as it invests 3m in refurb
The hotel where the Duchess of Cambridge spent her last night as a single woman slumps to 1.3m loss.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a816ac/mf.gif' border='0'/><br/><br/><a href.....

Comet secured creditors to receive 49.7m
Comet's secured creditors are expected to see a return of 34p in the pound in the wake of the collapse of the electricals retailer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a816ad/mf.gif' border='0'/>&.....

Rome will cope without ECB help, says Bank of Italy
Rome will not be forced to seek help from the European Central Bank's emergency scheme, according to the Governor of the Bank of Italy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a81304/mf.gif' border='0'/&.....

Thomas Cook chief could receive 3m
Harriet Green joined the troubled business as CEO in July.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a81306/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/151539631333.....

HMV being pursued by Apollo Global Management
One of the world's largest investment groups could buy the troubled retailer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a77713/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.....

Trafigura lines up 3bn industrial IPO
Trafigura, the controversial oil trading group that was forced to pay millions of dollars relating to toxic waste spills, could raise billions in a London Stock Exchange flotation next year.<img width='1' height='1' src='http://telegraph.feedsport.....

Week ahead in business and economics: Dec 17-21
Households are expected to be given a little Christmas cheer this week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a77485/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r.....

Energy subsidies threaten Britain's economic future
Wheb Partners' Ben Goldsmith says energy subsidies threaten Britain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a67660/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15.....

Think Tank: A lesson to learn - citizenship sells
It's tough being a brand manager in 2012.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a67661/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/151539622560/u/3/f/568300/c/3.....

Italy won't need EU bond-buying scheme
Italy can confront current financial market tension without asking for the activation of the European Central Bank's bond-buying scheme, Bank of Italy Governor Ignazio Visco said.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

Boris Johnson says Britain leaving the EU is 'not the end of the world'
Leaving the European Union would not be "the end of the world" for Britain, London mayor Boris Johnson said today, but added that he would "prefer" to stay in it.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26.....

Boris Johnson's 'preferred option' is for Britain to remain in EU
Leaving the European Union would not be "the end of the world" for Britain, London mayor Boris Johnson said today, but added that he would "prefer" to stay in it.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26.....

Leading Bumi shareholder backs Rothschild
Some of Bumi's leading independent investors said they were willing to back an alternative proposal from Nat Rothschild to restructure the coal miner, including supporting a $270m (167m) rights issue.<img width='1' height='1' src='http://telegraph.....

Leading Bumi shareholder backs Rothschild
Some of Bumi's leading independent investors said they were willing to back an alternative proposal from Nat Rothschild to restructure the coal miner, including supporting a $270m (167m) rights issue.<img width='1' height='1' src='http://telegraph.....

My passionate plea - back our banks to lend
At a time when the British economic recovery depends on new business investment, bank lending to small business is shrinking and the price is rising.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26a53ceb/mf.gif.....