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Sunday 27 January 2013

UK Financial News on 2013-01-27

Banks face 'decisive' two years
The incoming governor of the Bank of England says the next two years will be "decisive" for bank reform and warns central banks alone cannot eliminate economic risks......

Starbucks rejects tax row claims
Starbucks has held a meeting with government officials, but dismisses reports it was in response to concerns it was being singled out for criticism over tax avoidance......

Price of petrol 'may go up 4p'
Fuel campaigners are warning that petrol prices might jump 4p per litre "in coming days" as petrol retailers blame wholesalers for increases......

Easyjet chairman to stand down
Low-frills airline Easyjet announces that its chairman, Sir Mike Rake, will stand down this summer......

Scots cities top house price list
House prices rose faster in Aberdeen and Inverness than anywhere else in the UK over the past decade, a survey suggests......

'Low awareness' of energy bill help
Fewer than half of UK households eligible for help with their energy bills are aware that they qualify for assistance, a survey suggests......

VIDEO: Cyber espionage and sabotage 'on the rise'
Businesses and governments are increasingly aware of the growing threat that cyber terrorism poses, according to Eugene Kaspersky......

VIDEO: Businessmen live the poor life in Davos
The amount of rich and influential leaders in Davos means that it is a good place for charities to get their voice heard, and a number are using innovative techniques to bring home their message......

VIDEO: 'Two decisive years for financial reform'
The next governor of the Bank of England has said that the next two years will be "decisive" for financial reform......

VIDEO: What is the Green Deal scheme?
The government is launching a new energy efficiency scheme, called the Green Deal......

VIDEO: Your Money: Travel compensation rights
In this week's Your Money, Declan Curry asks what compensation travellers may be entitled to if their journeys are disrupted by severe weather conditions, and why friends are joining together to buy their first homes......

VIDEO: 'Fragile eurozone prone to political crisis'
The eurozone remains in a "fragile" economic situation and is prone to political crisis, according to the IMF......

My first Davos - what I learned
How to become a social outcast at a meeting of the world's elite.....

Obesity not a problem for the rich
Why hunger and obesity are two sides of the same coin.....

Parcel force to be reckoned with
The rise of the 'lifestyle courier'.....

Davos Man eyes investment opportunities
Where should you invest your spare billions?.....

Taking your credit card to the limit?
What notice should you get if your credit card limit is lowered?.....

Britain's 1m and 100m banknotes
Why does the Bank of England have 1m notes?.....

Tree climbers take conservation to new heights
Jan. 27 - Professional Israeli climbers have been drafted into action to help conserve their country's flora and fauna. For conservationists, it's a back-to-basics approach in their mission to keep the country green and Israeli bees buzzing. Jim Drur.....

Batik-maker puts green stamp on Indonesian artform
One of Indonesia's leading batik manufacturers is cleaning up her act and persuading others to do the same, by changing the way she deals with factory waste. Batik fabric is among the country's best known products, but its traditional production meth.....

Davos 2013: Much still to do to revive Europe - Studzinski
Jan. 26 - Blackstone Group's John Studzinski says that while fears of a Euro collapse may have been allayed for now, there's still a search on for regeneration and growth in the continent......

Davos 2013: Irish PM says UK exit would be bad for EU
Jan. 26 - As Ireland takes the EU presidency, Prime Minister Enda Kenny watches David Cameron's plan for a referendum on Britain's place in the single market with concern......

Davos 2013: Tech part of the jobless solution iGate CEO
Jan. 26 - iGate CEO Phaneesh Murthy says there are geographical issues but overall the tech sector is part of the solution to the global unemployment problem......

Recrimination all round over scandal engulfing world's oldest bank
It was founded in 1472, but the world's oldest bank has been plunged into crisis by a scandal involving a very modern phenomenon - derivatives.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f42c45/mf.gif' bord.....

Week ahead in business and economics: Jan 28 - Feb 1
Investors in BSkyB will be watching its half-year results closely to see how customers have reacted to a double whammy of its recent price rise and intensifying competition from new pay-as-you-go services.<img width='1' height='1' src='http://tele.....

Mercedes F1 boss stands firm on rival's shares
New boss of Mercedes' F1 team has no plans to sell his stake in its rival Williams<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f42c47/mf.gif' border='0'/><br/><br/><a href="http://da.feedsp.....

Controversial super sewer under London to raise a stink
Thames Water is seeking to upgrade London's Victorian sewer system.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f4304c/mf.gif' border='0'/>.....

Boeing chief under pressure to fix 'black eye' from Dreamliner incident
Boeing boss prepares to face Wall St for the first time since the 787 grounding.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f42c48/mf.gif' border='0'/><br/><br/><a href="http://da.feedspor.....

Bank of Italy approves 3.9bn loans for controversial bailout of Monte dei Paschi di Siena
The Bank of Italy has approved 3.9bn (3.3bn) in loans to fund a deeply controversial state bailout of the world's oldest bank, Monte dei Paschi di Siena.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f42c49/mf.....

Vodafone under fire over unmet Egypt pledges
Vodafone has been criticised for sweeping its controversial behaviour during the Egyptian uprising "under the carpet", after the mobile giant fell short of its own promises to prevent a repeat of the debacle.<img width='1' height='1' src='http://t.....

Lockheed Martin invests its fighting spirit in Britain by securing major contracts
US defence giant is seeking to grow its UK base, writes Angela Monaghan .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f42c4b/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com.....

Commodities: Diamond prices stabilise and market moves into a stronger position
Diamond prices have probably finished their correction and a return to a bull market is close at hand, according to Japanese broker Nomura.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f42c4c/mf.gif' border='.....

Monday Interview: Sir David Lees, Bank of England Court chair
Sir David defends himself after being accused of weakness by economist Adam Posen .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f42c4e/mf.gif' border='0'/><br/><br/><a href="http://da.feeds.....

Personal View: Osborne may want inflation to rise but pensioners suffer, and they vote
This morning the Chancellor will formally launch the high-speed train links to Manchester and Leeds, tangible proof that the problems of the economy are being addressed head on.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

Ask John: Let local bank managers use their initiative to spot a good opportunity
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/27f42c4f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15598.....

Coffee sales grow as luxuries top the list
Shoppers "ditched essentials in order to keep luxuries" last year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f42973/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1559.....

easyJet defies Sir Stelios with plan for new aircraft
easyJet is to defy its biggest shareholder, Sir Stelios Haji-Ioannou, and push ahead with plans to place a major aircraft order this summer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f3dec2/mf.gif' border=.....

Accountant joins backlash against tax dodge attacks
One of the UK's top accountants has joined the business backlash against attacks on corporate tax avoidance by politicians, telling the authorities to change the law if they are unhappy with the ethics.<img width='1' height='1' src='http://telegra.....

The Single Market is just one ingredient to be put into the pot
"It is vital that we remain in the Single Market", politicians of all hues regularly intone, like a mantra.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f3dec4/mf.gif' border='0'/><br/><br/><.....

David Cameron has one great ally: the people of Europe
Cherry-picking. Europe a la carte. And from Madrid, a finger-waving admonition that "David Cameron must understand he cannot pretend to renegotiate the treaties, and undo what we have done, or slow the speed of the EU cruiser."<img width='1' heigh.....

Reprieved Bumi directors refuse to serve on Rothschild's new board
Nat Rothschild has been dealt a personal blow by the refusal of two Bumi directors to back him should he succeed with his management coup at the embattled Indonesian coal miner.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

FastJet faces $7m legal claim over African debts
The airline is facing a near $7m (4.4m) legal claim from a Kenya-based Briton.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f32101/mf.gif' border='0'/><br/><br/><a href="http://da.feedsporta.....

Apple shelters almost $1bn a week from US tax man
Technology giant Apple shuttled $11bn (7bn) into offshore tax havens in the fourth quarter of 2012, an analysis of its corporate filings has revealed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f172db/mf.gi.....

Delayed EU rules 'costing British insurers billions'
Insurers fear they wasted more than 3bn on rules that may never be enforced.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f1515e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal......

Ireland to urge ECB to extend bank debt relief
Failure to strike a deal with the European Central Bank on key bank debt talks could be catastrophic for Ireland, Deputy Prime Minister Eamon Gilmore will tell European leaders on Sunday.<img width='1' height='1' src='http://telegraph.feedsportal......

Clegg: Government will not change course on austerity
Deputy prime minister Nick Clegg has said there is no 'Plan B' on tackling the economy despite seeing stagnant growth in 2012.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f0b426/mf.gif' border='0'/><br.....

How to profit from a plummeting pound
With the economy still faltering, experts are predicting the pound could fall by as much as 20pc in 2013.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f01c1b/mf.gif' border='0'/><br/><br/><a.....

Questor share tip: Patent expirations hurt AstraZeneca, but the dividend is probably safe
Astra's strategic inertia in the face of a shrinking drug offering make the pharma giant a hold.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27f01c1a/mf.gif' border='0'/><br/><br/><a href="ht.....