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Sunday 20 January 2013

UK Financial News on 2013-01-20

Blockbuster to close 129 stores
DVD rental firm Blockbuster is to close 129 more stores after it went into administration earlier this month......

Stansted Airport sold for 1.5bn
London's Stansted Airport is being sold to the owner of Manchester Airport for 1.5bn, it is announced......

Dotcom starts new file-sharing site
Megaupload founder Kim Dotcom sets up a new file-sharing website, a successor to the system shut down by New Zealand police last year......

New editor of the Times appointed
The editor of the Sunday Times, John Witherow, is appointed acting editor of the Times, despite opposition from the paper's independent directors......

VIDEO: Your Money: Cash machine security
In this week's Your Money, Declan Curry looks at the next possible private pensions overhaul, cash machine security and what to do if you split up with your partner......

Has chip and pin had its day?
Has the current way we use our plastic had its day?.....

Smartphone card payment systems seek small firms
The new way for customer to pay market traders.....

Lower fruit prices possible with new ripening process
Jan. 20 - Scientists in Australia have developed a way to ripen fruit while it is being transported to market. They say the technique could revolutionise the fresh fruit industry and bring down the cost of healthy produce for consumers. Ben Gruber ha.....

Poor management costs Anglo American $5bn
Troubled miner Anglo American may write down the value of its iron ore project in Brazil by as much as $5bn (3.2bn), after mismanagement of the project led to a rapid increase in costs.<img width='1' height='1' src='http://telegraph.feedsportal.co.....

Pitch for easier UK visits by Chinese
A range of low-cost measures could be adopted by the Government to make it easier for Chinese citizens to visit Britain, boosting tourism and economic spend in the UK, according to business leaders.<img width='1' height='1' src='http://telegraph.f.....

Boux Avenue lingerie slumps with 8m loss
BBC Dragon Theo Paphitis's new lingerie chain Boux Avenue slumped to an 8m loss in its first full year of operation as the entrepreneur invested in growing the fledgling business.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

Barclays Wealth division 'out of control', says secret report
Barclays has moved swiftly to part company with a senior executive after investigators alleged that he shredded a highly critical analysis of the maverick culture and bullying at the bank's one-time flagship business.<img width='1' height='1' src=.....

Economist investors eye Pearson stake
Minority shareholders in The Economist are weighing up a plan to buy Pearson's share of the influential weekly magazine.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b7bbbc/mf.gif' border='0'/><br/>&.....

Hinkley Point is 'shovel ready' as Energy Bill reaches crucial stage
In the past week, Parliament has begun the task of scrutinising the details of the Energy Bill, asking questions of energy leaders like myself about how the bill should work.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

Davos 2013: western economies are not for us, say developing nations
Western leaders will be told their economic model has failed when they gather this week for the annual World Economic Forum in Davos.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b7c165/mf.gif' border='0'/>.....

Western economies are not for us, say developing nations
Western leaders will be told their economic model has failed when they gather this week for the annual World Economic Forum in Davos.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b74feb/mf.gif' border='0'/>.....

GDP for Q4? Be prepared to get that sinking feeling on Friday
Beware of paying too much attention to one period's figures. That is usually good advice.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b74b61/mf.gif' border='0'/><br/><br/><a href="http://da.....

Dubai's dire financial forecasts fail to materialise
Lunch-time in Dubai, and it was as if the crash never happened.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b71402/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1559840.....

Al Gore could make $30m from Apple shares
Al Gore, the former US vice-president, is in line for a $30m (19m) windfall from an Apple share package awarded to him by Steve Jobs, the tech giant's late founder, a decade ago.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....

Santander reportedly weighs 2bn bid for Clydesdale and Yorkshire
Spanish banking giant Santander is reportedly considering a 2bn takeover bid for Clydesdale and Yorkshire banks to accelerate its expansion in Britain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b70db6/mf.g.....

Hilco emerges as key bidder for HMV
Hilco has emerged as one of the front-runners to buy HMV out of administration amid suggestions that some of the world's biggest music labels are willing to back a bid from the restructuring investor.<img width='1' height='1' src='http://telegraph.....

Revolutionary Japan is suddenly the centre of world affairs
So Japan may not slide into genteel oblivion after all. To the surprise of the Japanese people, their country is smack in the middle of two riveting dramas that threaten to upturn the global strategic landscape in short order.<img width='1' height.....

EU doubts put pound's 'safe haven' status at risk, traders warn
The pound risks losing the 'safe-haven' status it has enjoyed among international investors as doubts grow over Britain's future in the European Union, one of the world's largest currency traders has warned.<img width='1' height='1' src='http://te.....

Rio Tinto 'should move HQ to Australia'
Anglo American could write down the value of its Minas-Rio Brazilian iron ore venture by between $4bn and $5bn.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b675e1/mf.gif' border='0'/><br/><br/>.....

John Timpson: is it a mistake for a family firm to employ an outsider?
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/27b675e2/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15598.....

Week ahead in business and economics: Jan 21 - 25
Chemring, the troubled defence and aerospace equipment maker, will announce its full-year results on Thursday and update investors on any progress following what has been a difficult period over recent months.<img width='1' height='1' src='http://.....

Rio Tinto chief resigns following surprise writedown on aluminium
The trouble in the aluminium sector has claimed a major scalp.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b5f455/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15598406.....

Jens Weidmann: 'wrong and dangerous' to rely on ECB to resolve crisis
Bundesbank chief Jens Weidmann has warned that it is "wrong and dangerous" to rely on the European Central Bank as the only crisis manager.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b5ec99/mf.gif' border='.....

Al Gore in line for $30m Apple windfall
Al Gore, the former US vice president, is in line for a $30m (19m) windfall after triggering an Apple share package awarded to him by Steve Jobs a decade ago.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b506.....

Santander mulls 2bn Clydesdale and Yorkshire bid
Santander is reportedly mulling a 2bn bid for Clydesdale and Yorkshire banks in another attempt to beef up its presence on the UK high street.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b45a1e/mf.gif' borde.....

Scotland's shipyards would be 'doomed' if it left UK
Scotland's shipyards would be "doomed" if the country votes to leave the UK in a referendum next year, a report by MPs has warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b49a00/mf.gif' border='0'/>&l.....

Rio Tinto 'should move HQ to Australia'
Mining billionaire Gina Rinehart has asked Sam Walsh, Rio Tinto's new chief executive, to consider moving the miner's headquarters to Australia from London.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b49a01.....

Kate Swann's way could still save WH Smith
After the demise of Jessops, HMV and Blockbuster, the brutal Christmas on the high street will continue this week when WH Smith reveals a sharp decline in sales.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27b.....