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Sunday 6 January 2013

UK Financial News on 2013-01-06

Cheap borrowing key, says Cameron
Prime Minister David Cameron says reducing the UK's debts to ensure it can borrow money cheaply remains the government's top priority......

Child benefit cut is right, says PM
The decision to remove child benefit from better-off families is "fundamentally fair", David Cameron says, ahead of a mid-term review of the coalition's progress......

Deal to end ice hockey lockout
The National Hockey League reaches a provisional agreement with players to end a near four-month lockout that had threatened to wipe out the whole season......

Insurance claim form criticised
A leading travel insurer is criticised for asking for customers' bank account and credit card details when they make claim.....

VIDEO: Your Money: Child benefits
In this week's Your Money, Susannah Streeter examines the effect the changes to the rules on child benefits will have on families......

AUDIO: Should bankers teach in schools?
The All Party Parliamentary Group of Financial Education has submitted a report saying that schools need to improve include a far better provision for teaching children about personal finance. MP Justin Tomlinson and Martin Johnson, Deputy General Se.....

AUDIO: Al Jazeera 'competes with CNN and the BBC'
Al Jazeera has acquired Current TV, the cable television network founded by former US Vice President Al Gore. Media analyst Claire Enders examines the political opposition the channel might face and the vision it has for the US......

Equity markets stay strong despite economic uncertainty
Stockmarkets proved remarkably resilient last year, but what's in store for 2013?.....

Tips for financial resolutions
Tips for getting your finances in shape in 2013.....

Tech firms ready for CES 2013 frenzy
Tech firms gear up for the CES showcase in Vegas.....

Fashion designer missing
Jan. 6 - A search is underway off Venezuela after a plane carrying fashion designer Vittorio Missoni and five other people vanished. Paul Chapman reports......

Obama: U.S. can not afford more showdowns on debt
Jan. 5 - U.S. President Obama says U.S. can't afford more showdowns over debt, deficits. Deborah Lutterbeck reports......

Massacre prompts bulletproof vest range
Jan. 5 -A Colombian manufacturer of bulletproof vests launches a line of clothing and backpacks for U.S. schoolchildren. Paul Chapman reports......

Economy's pulse sends bulls racing
Jan. 4 - Summary of business headlines: Stocks enjoy their best week in more than a year as data on the labor market and services sector show steady economic improvement; Apple to lose market share to Samsung - report. Conway G. Gittens reports......

Rolls bribery inquiry deepens
Pressure is growing on the Serious Fraud Office to mount a full-scale investigation into bribery allegations involving aero-engine giant Rolls-Royce, following the disclosure of details involving deals in China.<img width='1' height='1' src='http:.....

Rothschild demands action from Bumi director
Financier Nat Rothschild has told Bumi's senior independent director Sir Julian Horn-Smith he must take action over the alleged financial misdemeanours at the coal miner or consider quitting the board.<img width='1' height='1' src='http://telegrap.....

China blazes trail for 'clean' nuclear power from thorium
The Chinese are running away with thorium energy, sharpening a global race for the prize of clean, cheap, and safe nuclear power. Good luck to them. They may do us all a favour.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

Investors spooked by 'complex' UK Energy Bill
Investment may not flow into the UK energy sector for several years because so much uncertainty remains over new policies, a leading renewable energy investment boutique has warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....

Tsunami alert for Alaska rig rescue
A tsunami scare threatened to disrupt efforts to salvage Shell's beached Arctic drilling rig south of Anchorage over the weekend.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/273f85ca/mf.gif' border='0'/><.....

One Direction's US success boosts Sony
British boy band One Direction helped Sony Music Entertainment UK and Simon Cowell's music company, Syco, to more than double their profits last year after the group, formed on The X-Factor, stormed the American charts.<img width='1' height='1' sr.....

One Direction's US success boosts Sony and Cowell
British boy band One Direction helped Sony Music Entertainment UK and Simon Cowell's music company, Syco, to more than double their profits last year after the group, formed on The X-Factor, stormed the American charts.<img width='1' height='1' sr.....

John Timpson: We must bid farewell to the EU, that way we might stay friends
Straight-talking, common sense from the front line of management<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/273ef2d9/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/151540.....

Eurozone left in lurch as US 'can-do' spirit spurs economy towards revival
The Americans avoided the fiscal cliff - but the problem has been merely deferred, writes Roger Bootle.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/273efc42/mf.gif' border='0'/><br/><br/><a h.....

'Name and shame' threat from government prompts FTSE giants to consider new supplier payment rules
Aggreko, Sainsbury's and Morrisons are looking at adopting new rules on prompt payments for suppliers after Michael Fallon, the Business and Enterprise Minister, threatened to "name and shame" companies that refuse to comply.<img width='1' height=.....

UK 'mega deals' at three-year high
British M&A deals worth more than 1bn are at the highest since 2009, driving their total value in 2012 to 242bn.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/273f03e1/mf.gif' border='0'/>.....

'Mega deals' in the UK at three-year high
British M&A deals worth more than 1bn are at the highest since 2009, driving their total value in 2012 to 242bn.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/273ee01e/mf.gif' border='0'/><br/><b.....

British Gas boss to step down
British Gas' managing director Phil Bentley is expected to step down from his job after a bust-up over strategy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/273ee01f/mf.gif' border='0'/><br/><br/&g.....

British Gas boss to exit amid management tensions
British Gas' managing director Phil Bentley is expected to step down from his job after a bust-up over strategy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/273e67ef/mf.gif' border='0'/>.....

Train travel expenses to cost Network Rail 33m
Network Rail is on track to pay more than 33m in expenses to its own staff for train journeys for the last two years, at the same time as passengers prepare for large increases in their fares.<img width='1' height='1' src='http://telegraph.feedspo.....

Train travel expenses set to cost Network Rail 33m
Network Rail is on track to pay more than 33m in expenses to its own staff for train journeys for the last two years, at the same time as passengers prepare for large increases in their fares.<img width='1' height='1' src='http://telegraph.feedspo.....

Taxes from London and south-east 'propping up economy'
Britain is becoming increasingly reliant on London and the Home Counties to fill the Government's coffers in the face of an escalating welfare bill in other parts of the country, a study suggests.<img width='1' height='1' src='http://telegraph.fee.....

FSA 'dragging feet' says swaps victim
A widow who claims she was mis-sold a complex interest rate derivative by HSBC has complained that banks are not doing enough to help victims of mis-selling.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/273dbbf.....

Silverfleet swoops for Cimbria deal
Private equity firm Silverfleet Capital is on the verge of buying manufacturing company Cimbria for 137m (111m).<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/273dbbff/mf.gif' border='0'/><br/><br/&g.....

British shirt seller pushing into luxury overseas markets
Thomas Pink, the British shirt retailer, has hired the former chief operating officer of Gieves & Hawkes as it continues its push into overseas luxury markets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....

PM: Interest rates 'real' economic test
David Cameron avoided questions over whether the government would lose credibility if Britain's treasured AAA credit rating was downgraded, instead heralding interest rates as the most important economic gauge.<img width='1' height='1' src='http:/.....

Rolls in China bribery allegations
Aerospace engine maker Rolls Royce is facing allegations it bribed a Chinese airline executive to secure deals worth a total of $2bn (1.24bn), according to reports.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

Rolls in China bribery allegations: reports
Aerospace engine maker Rolls Royce is facing allegations it bribed a Chinese airline executive to secure deals worth a total of $2bn (1.24bn), according to reports.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

Insurance chief warns thousands at risk if flood deal delayed
Simon Lee, the chief executive of one of Britain's largest insurance companies, has warned that negotiations with the Government over cover for flood damage are facing delay and could put thousands of homeowners' policies at risk.<img width='1' he.....

City bets against Morrisons amid dim festive sales forecasts
WM Morrison and J Sainsbury are poised to emerge as the losers from the vital Christmas battle between Britain's supermarkets as the fragile economy maintains the pressure on retailers.<img width='1' height='1' src='http://telegraph.feedsportal.co.....