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Monday 24 December 2012

UK Financial News on 2012-12-24

Retailers launch online bargains
Several retailers begin their online sales earlier than usual amid reports of lacklustre High Street spending in the run up to Christmas......

Retailers 'facing critical time'
Business recovery firm Begbies Traynor says 140 retailers are in a "critical condition" and thousands more are in distress this Christmas......

LSE agrees LCH Clearnet purchase
The London Stock Exchange agrees to buy LCH Clearnet for about 82m lower than the original price.....

Newsweek unveils last print cover
Newsweek, the 80-year-old US current affairs magazine, unveils the cover of its last ever print edition......

Alcohol fraud rising, say traders
Off-licence chains say the illicit alcohol trade is having a major impact on legitimate traders and costing the Exchequer billions of pounds in lost tax revenue......

Norway minister's EU exit warning
Norway's foreign minister calls on the UK to think of the advantages of staying in the European Union, rather than consider leaving......

Monti 'available to lead Italy'
Italian Prime Minister Mario Monti says he is not siding with any party in the next elections, but remains available to head a future government......

VIDEO: US top 1% still 'getting richer'
The income of the top 1% of US households has quadrupled over the last thirty years......

VIDEO: Retailers hope for last-minute rush
Anxious retailers are hoping for a last-minute Christmas rush......

VIDEO: 'The timing couldn't be any worse'
As further heavy rain is forecast for Wales and south-west England, a cafe owner in Braunton, Devon, speaks about the effect the flooding there on Saturday has had......

VIDEO: Christmas decorations 'getting smaller'
Christmas trees and baubles are shrinking, according to the Chinese factories that make most of the world's festive decorations......

VIDEO: North-south route for China train
The world's longest high-speed train route will start operating in China on Wednesday, between Beijing and Guangzhou, after the completion of final tests......

VIDEO: Hundreds of Remploy jobs at risk
At the start of 2012, there were 54 Remploy factories across the UK providing jobs for hundreds of people with disabilities, but within a few months only five could remain......

VIDEO: Can Middle East accept camel leather?
The camel is an important animal in the Middle East, providing transport, meat, milk - and now leather......

The year in business: 2012
2012 was the year when shocking economic and business news seemed to lose its power to shock......

Can Clinton Cards reinvent itself?
Can new-look Clintons persuade us to spend more?.....

Retirement: Doom and gloom or golden opportunity?
Doom and gloom or golden opportunity?.....

Viewpoint: On the logistics frontline
Dispatches from the frontline of logistics.....

Knitting and baking the cars of the future
Knitting and baking the cars of the future.....

Holiday marathon ends with a sprint
Dec. 24 - Retailers are putting in their best and last efforts to get holiday shoppers to spend in the final hours before Christmas. Bobbi Rebell reports......

Santa slump for stocks
Dec. 24 - Summary of business headlines: Fiscal cliff worries sent U.S. stocks down and put a damper on holiday shopping. Bobbi Rebell reports......

U.S. Day Ahead: Three ways to survive the cliff
Dec 24 - Three top strategies to protect profits on Wednesday as Wall Street face high volatility and more fiscal cliff stalemate on the Hill......

Techquity: More friends for Facebook, not for Microsoft
Dec 24 - Facebook gains on positive comments from an analyst while Microsoft loses ground......

Trading at Noon: Markets slip on treacherous fiscal cliff
Dec 24 - U.S. stocks are down on worries that legislators will be unable to reach a deal to avert the "fiscal cliff".....

3XSQ: Google's latest plan for Motorola
Dec 24 - Google and Motorola are teaming up to build the "x-phone"-WSJ; Santa brings a trunk full of gifts......

Charities face cash crisis
Dec. 24 - One in six UK charities believe they may face closure in the coming year amid public spending cutbacks and falling donations from the public, according to a new poll of charities. Hayley Platt reports......

2012: the year of the Draghi as Mario breathes fire back into markets
Dec. 24 - At the start of 2012 the euro zone was staring into the abyss. But ECB chief Mario Draghi came to the rescue, and markets took off. Can they continue flying in 2013? Jamie McGeever reports......

UK Viral videos 2012 - no surprise who is No 1
Technology Correspondent Matt Cowan reports......

Gangnam Style sets new bar for viral videos
Technology Correspondent Matt Cowan reports......

Pollution eating jeans could help enviroment
Dec. 24 - Washing clothes in a ground breaking substance could blast away pollution, according to a British scientist who's developped a substance to neautralise harmful gases. Joanne Nicholson reports......

Breakingviews: xmas gifts be stingy
Breakingviews......

World at Risk 2013: Part 3 the Middle East
Dec. 24 - Nomura Senior Political Analyst Alastair Newton tells us whats keeping him awake at night heading into the new year......

Reuters Today: Merry fiscal cliff-mas
Dec. 24 - Its last-minute shopping time around the world, but theres no doubt what markets want for Christmas. A deal on the fiscal cliff will do just fine......

World Bank upbeat on Asia's 2013 prospects
Dec. 24 - Despite risks such as hot money inflows and an investment slowdown in China, World Bank chief economist for East Asia Bert Hofman believes the region is set to post solid growth next year......

U.S. Morning Call: Google/Amazon competiton heats up
Dec 24 - Google and Amazon's rivalry heats up as they compete in online advertising, retail, and cloud computing......

Market Pulse: Japan Xmas wish list: lower yen, 2% inflation
Dec. 24 - Incoming Japanese PM Shinzo Abe wrote his note to Santa at the weekend, but will he get what he wants? LSE plays Scrooge on LCH Clearnet deal, and US Treasury yields are set to rise......

Monti considers options
Dec. 23 - Italy's Monti says would consider standing at election. Deborah Lutterbeck reports......

Sir Terry Leahy: my business tips
Former Tesco boss on why the supermarket will rebound in 2013.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e89655/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15344247.....

LSE strikes a cut price deal for LCH. Clearnet
The London Stock Exchange has agreed to buy 60pc of British clearing house LCH. Clearnet at a reduced 15-a-share (12.25) as the two sides edge towards a deal that was put into doubt by regulatory changes in Europe.<img width='1' height='1' src='ht.....

2012 in review: Business winners and losers
The winners and losers of the business and finance world in 2012.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e89660/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15344.....

Greece not doing enough to fight tax dodgers, say EU and IMF
Greece's drive to crack down on tax evasion risks "falling idle" and must be reinvigorated, a report by the European Union and International Monetary Fund said on Monday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....

Greece not doing enough to fight tax dodging, say EU and IMF
Greece's drive to crack down on tax evasion risks "falling idle" and must be reinvigorated, a report by the European Union and International Monetary Fund said on Monday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....

FTSE closes up in second weakest Santa rally since crisis
The FTSE 100 edged up in one of the weakest Santa rallies since the financial crisis, with the impasse over the US "fiscal cliff" talks weighing on sentiment.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e7f7.....

If we live longer, we'll have to work longer
The age at which workers receive the state pension will rise automatically in line with future improvements in longevity under government plans reported today.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e7b.....

Cisco 2012 Interview Eleven: Mayor of Newham
The 2012 interview in association with Cisco brings you an exclusive interview with Sir Robin Wales, Mayor of Newham.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e73222/mf.gif' border='0'/><br/><.....

Sending money from HSBC to HSBC? That'll be 30, please
Overseas money transfers can be very expensive - if you use a high street bank.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e69378/mf.gif' border='0'/><br/><br/><a href="http://da.feedsport.....

2012 in review: Retailers that collapsed in 2012
More than 300 retailers have gone into administration this year, figures from the Insolvency Service show. Here, we look at some of the major players that collapsed in 2012.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....

Children ditch Barbies for iPads this Christmas as toymakers feel the squeeze
Toymakers are likely to see their Christmas sales squeezed this year, as children ditch traditional dolls and board games for Kindles and hand-me-down tablet computers, according to analysts.<img width='1' height='1' src='http://telegraph.feedspor.....

FTSE 100 edges up in weak Santa rally
The FTSE 100 edged up in one of the weakest Santa rallies since the financial crisis, with the impasse over the US "fiscal cliff" talks weighing on sentiment.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e680.....

Households braced for tough 2013
Three-quarters of families are bracing themselves for their finances to worsen in 2013 or at best stagnate, research has found.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e5bda0/mf.gif' border='0'/><b.....

Yen weakens as Abe threatens to strip Bank of Japan of independence
Japan's yen fell on Monday, after incoming Japanese premier Shinzo Abe said he would try to pass laws to strip the Bank of Japan of its independence if it refused to set a 2pc inflation target.<img width='1' height='1' src='http://telegraph.feedsp.....

House prices to fall 1pc in 2013, says Hometrack
House prices across the country will edge down 1pc during 2013 as the London market shows signs of cooling, according to property analysts.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e51266/mf.gif' border='.....

More retail casualties as Christmas trading unwinds, says Begbies Traynor
More major national and regional retail chains are facing insolvency while thousands of smaller operators are in danger of going under in the run up to another tough trading year, says Begbies Traynor.<img width='1' height='1' src='http://telegrap.....

Alex: It's A Wonderful Crisis - part 2
<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e51268/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/151539837385/u/3/f/568300/c/32726/s/26e51268/a2.htm"><img src="h.....

Private investors expect to scoop record dividends
Private investors are in line for another record dividend payout next year after enjoying an equity rally from shrewd buying say researchers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e51269/mf.gif' border.....

ENRC admits to acquisitions probe
Eurasian Natural Resources Corporation (ENRC) has admitted it is being investigated by the UK's Listing Authority over its handling of acquisitions, including Camrose Resources, its controversial Congolese joint venture.<img width='1' height='1' s.....

1.5 million looking for Christmas Day bargains online
It is traditionally a time of family fun, roast turkey and the Queen's speech but this year it seems many Britons will spend Christmas Day hunting for an online bargain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....

Early Christmas sales: Up to 70pc off as discounting starts on Christmas Eve
Major retailers are beginning their online sales even earlier this year, with M&S and John Lewis among them. We round-up when the sales begin and the bargains on offer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

Christmas Day sales move to Christmas Eve as stores offer 70pc off
Major retailers are beginning their online sales even earlier this year, with M&S and John Lewis among them. We round-up when the sales begin and the bargains on offer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

Don't feel guilty about shopping online on Christmas Day, church says
People should not feel guilty about shopping online on Christmas Day because the festive season is a time for "joy not misery", the Church of England has said.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e80.....

Morrisons chief Dalton Philips outlines plan to survive high street meltdown
Dalton Philips, the chief executive of Morrisons grocery chain aims to halt declining sales with a fresh approach to woo shoppers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26e506b2/mf.gif' border='0'/>&l.....

Transport chief Peter Strachan quits after rail bid blunder
The West Coast rail bid fiasco has claimed its biggest civil service casualty with the departure from the Department for Transport of Peter Strachan, its head of major projects.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....