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Sunday 3 February 2013

UK Financial News on 2013-02-03

Barclays finance chief to step down
The finance director of Barclays, Chris Lucas, and its group general counsel Mark Harding are retiring from the company, it announces......

Ofgem wants 'rogue' broker powers
Energy regulator Ofgem asks the government for powers to tackle the mis-selling of energy deals to businesses by what it calls rogue brokers......

Iraqi mobile firm raises $1.3bn
The Iraqi mobile phone operator Asiacell raises $1.3bn (828m) on the Iraq stock market, doubling the value of the companies listed there......

RBS must meet Libor fines - Osborne
Any fines by US authorities on Royal Bank of Scotland over the Libor scandal should be met by bankers not taxpayers, the Chancellor insists......

Hackers target 250,000 Twitter users
A quarter of a million Twitter users have had their accounts compromised in the latest of a string of high-profile internet security breaches......

No married tax break in Budget
The government will not introduce a tax break for married couples in next month's Budget, it emerges......

Small shop closures are 'progress'
Former Tesco boss Sir Terry Leahy tells the BBC that the rise of supermarkets and closure of small shops is "part of progress"......

Government warned over youth jobs
Attempts to cut youth unemployment in England are being hampered by excessive bureaucracy and central government control, council leaders say......

Fraud reporting change criticised
Victims of fraud across the UK will be told to contact a Home Office agency Action Fraud rather than their local force from 1 April......

VIDEO: Blair warns of 'huge' EU problem
David Cameron's promise of a referendum on the UK's future membership of the European Union could create problems, Tony Blair has warned......

VIDEO: Why is Southampton Polish 'magnet'?
Around one hundred different foreign languages are spoken by those living in England and Wales, according to the latest census results, and Polish is the most widely spoken......

VIDEO: Your Money: Taking on a second job
In this week's Your Money, Ramzan Karmali has been looking at how many people are earning extra cash, by working a second job from home......

VIDEO: Will Algeria attack deter investors?
Oil and gas account for 70% of Algeria's budget so will the attack on the In Amenas plant have a long term impact on the country's economy?.....

VIDEO: Corner shops get a makeover
New rules on food hygiene and the appearance of shops have led to the closure of many grocery shops in Abu Dhabi......

VIDEO: Councils want job-creation role
Attempts to cut youth unemployment in England are being hampered by excessive bureaucracy and central government control, council leaders have claimed......

VIDEO: Spain PM denies corruption claim
Spanish Prime Minister Mariano Rajoy has strongly denied media claims that he and other members of the governing Popular Party received secret payments......

Should the UK ditch the penny like Canada?
Should the UK dispense with its lowest value coin?.....

Spider venom inspires new farming methods
Spider venom inspires new farming methods.....

Do you have the write stuff?
Why authors are increasingly turning to self-publishing.....

Thailand's whiskey tycoon branches out
A portrait of Thailand's booze magnate and his global ambitions.....

The UK's flexible visa system aims to attract the brightest and the best
Britain has been accused by business leaders of an 'uncompetitive and burdeonsome' visa system for Chinese visitors. Here, the Home Secretary responds.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2831b9be/mf.g.....

Chinese tourists find Britain 'unfriendly'
Chinese would-be tourists find Britain is not so friendly as it claims when it comes to securing visas.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28311752/mf.gif' border='0'/><br/><br/><a h.....

Parlophone boycotts Google Play music service
Parlophone, one of Britain's most prestigious record labels which counts Coldplay and Kylie among its artists, has launched a boycott of Google's new music service, Google Play.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

British creative industries target US investment
A collection of leading figures in Britain's music, film, and technology industries will travel to Los Angeles on Monday in an attempt to attract investment from the US into the growing sector.<img width='1' height='1' src='http://telegraph.feedsp.....

Concerns over 1,000 jobs at Store Twenty One
Concerns are rising about the future of 1,000 jobs at discount retailer Store Twenty One after bailiffs were called to a collection of shops to claim stock.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2830ee7d.....

Barclays finance director to step down
Barclays' finance director, Chris Lucas, is to step down after almost six years in the role, it emerged on Sunday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/282f9151/mf.gif' border='0'/><br/><br/.....

IMF sees 140m jobs shortage in aging China as 'Lewis Point' hits
China's vast reserve of cheap workers in the hinterland is vanishing at a vertiginous pace.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2830eb9c/mf.gif' border='0'/>.....

Jens Hofma - the Pizza Hut boss who still waits on tables
If you head to the Oxford Street branch of Pizza Hut, you might meet Jens Hofma, chief executive of Pizza Hut UK, who still waits on tables at the pizza chain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2830e.....

BAE rejects calls for fresh Saudi investigation
BAE Systems rejected calls for an investigation into allegations that the company's former chairman acquired two luxury properties from offshore companies linked to a Saudi defence deal.<img width='1' height='1' src='http://telegraph.feedsportal.c.....

Twin crises in Italy and Spain stalk markets as political unrest prevails
The escalating political crises in Italy and Spain are being watched with growing concern by bond investors, fearful that both countries could slide into paralysis and lose the crucial backing of the European Central Bank.<img width='1' height='1'.....

Everything Everywhere 'plans 10bn float'
The owners of Everything Everywhere, Britain's biggest mobile phone company, are finalising plans for a 10bn stock market flotation, it has emerged.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28307b6d/mf.gif'.....

China services sector grows for fourth month
Growth in China's services sector rose for the fourth straight month in January, though the slim increase added to evidence that the recovery in the world's second-largest economy remains a modest one.<img width='1' height='1' src='http://telegrap.....

Sir Stuart Rose to be Fat Face chairman
Sir Stuart Rose, the former boss of Marks & Spencer, is to become chairman of clothing chain Fat Face.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/282e080c/mf.gif' border='0'/><br/><br/><.....

Better Business: Business must realign its moral compass
Since the financial crisis of 2007 and 2008 there has been much pointed discussion about the need for business to rediscover its moral purpose.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/282dba20/mf.gif' bord.....

Prince Charles urges companies to end short-termism
The Prince of Wales has urged business to undergo "transformational change" to create a sustainable future where the actions of responsible industry leaders benefit everyone in Britain.<img width='1' height='1' src='http://telegraph.feedsportal.co.....

Better Business: Time to put a cap on alcohol misuse
Heineken wants its business to have a bright future. That's why it dropped strong ciders and works with a charity for problem drinkers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/282dba28/mf.gif' border='0'/&.....

Better Business: Capitalism must be a force for good
Business can shed its negative image and regain public trust by doing the right thing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/282dba2c/mf.gif' border='0'/><br/><br/><a href="http://da.fe.....

Better Business: Prince Charles on Business in the Community
HRH The Prince of Wales discusses Business in the Community as well as his Seeing is Believing programme.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/282dba2d/mf.gif' border='0'/><br/><br/><a.....

Better Business: A history of giving something back
When he joined the John Lewis Partnership as a graduate trainee, Waitrose managing director and BITC chairman Mark Price found an organisation that reflected his family's moral values. Here, he describes his personal journey and the people who have i.....

Sir Terry Leahy 'tried to ban his wife from Waitrose'
Former boss of Tesco pays his children to inform on his wife.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/282db649/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/155984439.....

Are Japanese shares the dream investment?
The perfect investment is one that is cleary undervalued with an obvious catalyst that's about to change perceptions and send it soaring, says Andrew Oxlade.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/282d229.....

GlaxoSmithKline to focus on emerging markets
Britain's biggest drug maker is expected to start moving resources away from continental Europe and into emerging markets to react to the "changed environment" on the Continent.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

Seymour Pierce in 11th-hour rescue talks
The board of Seymour Pierce was locked in 11th-hour talks with at least two investors this weekend in a bid to save the 130-year-old broker.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/282d20a0/mf.gif' border=.....

Think Tank: For deal success make 'culture' the leading priority
When Adrian Watts and Stuart Mitchell wanted to acquire a design agency to add to the marketing firm they had built from scratch, they spent many hours having informal chats over coffee with key players before taking the plunge.<img width='1' heig.....

Cambridge Satchels to open first store
Cambridge Satchel Company will open its first physical store this month, in London's Covent Garden.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/282d20a2/mf.gif' border='0'/><br/><br/><a href=.....