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Sunday 24 February 2013

UK Financial News on 2013-02-24

UK will survive ratings blow - Cable
Business secretary Vince Cable says the UK's loss of its its AAA credit rating is "largely symbolic" and there are "positive" signs for the economy......

Apple drops shares plan after ruling
Apple drops a planned vote of shareholders after a US judge blocked the move in an ongoing spat over what to do with the tech giant's huge cash pile......

645m in lost bank cash returned
Up to 645m in forgotten funds in bank accounts has been returned in the past five years, a tracing service run by the financial industry says......

Libor fines to fund forces charities
Three military charities are to share 1.3m from fines imposed on banks that had rigged interest rates, Chancellor George Osborne announces......

Ratings cut humiliating, says Labour
Labour attacks the government's economic policy after the UK lost its AAA credit rating, but the coalition says it is "making progress"......

VIDEO: PayPal to expand presence in the Gulf
PayPal is expanding its presence in the Gulf. Jonathan Frewin investigates whether this move will be a turning point for online retailers in the region.....

VIDEO: Your Money: New rules on annuities
In this week's Your Money, Declan Curry looks at what consumers can do to secure a more comfortable retirement, compares the poshest and the cheapest hotel rooms, and gets advice for those who may have money in a forgotten account......

VIDEO: Are luxury hotels value for money?
Details have been released of the 14,000-a-night hotel suite at Le Bristol hotel in Paris, where David Beckham will live for five months while playing for Paris St-Germain......

VIDEO: Moody's cuts UK's AAA credit rating
The UK has lost its top AAA credit rating for the first time since 1978 on expectations that growth will "remain sluggish over the next few years"......

Why speaking English can make you poor
Why speaking English can make you poor.....

Park Geun-hye's economic challenge
Can the new president fix South Korea's economy?.....

Lord it like Beckham
Living on a mere 14,000 a night.....

Italian polls bring uncertainty
Feb. 24 - Italian voters cast ballots in two-day parliamentary elections in which many fear there will be no clear winner or government strong enough to deal with the country's recession. Lindsey Parietti reports......

What "Abenomics" means for the U.S.
Feb. 23 - Japanese Prime Minister Shinzo Abe make his first visit to the White House, as he shops around "Abenomics", a plan to grow his economy by weakening, but which U.S. sectors and companies are the greatest risk to that policy? Hoda Emam report.....

Abertis may sell its British regional airports after review
Some of Britain's leading regional airports could be about to change hands after the world's largest toll road operator ordered a review of its transport division.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....

Carlyle circles carpet maker Axminster
US private equity firm Carlyle is eyeing a deal for Axminster Carpets if it falls into administration.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28e8bcc9/mf.gif' border='0'/><br/><br/><a hr.....

Fashion revival for All Saints
Fashion retailer All Saints, which almost slid into administration two years ago, is back in the black.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28e8b37e/mf.gif' border='0'/><br/><br/><a h.....

The UK must spend, lend and change to drive upturn in the economy
Economists are not always good at predicting turning points in an economy. But if there is one group that finds it even trickier, it is business people.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28e8b37f/mf......

All Saints chief on a mission to create brand in Asia and America
William Kim is determined to bring salvation to the fashion chain by ensuring it doesn't repeat the mistakes that led to its fall.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28e8b380/mf.gif' border='0'/>&l.....

Tight visa rules hit sales of UK superyachts
Chinese visa restrictions are a "straitjacket" on the UK's superyacht industry, which is missing out on tens of millions of pounds a year because potential buyers cannot easily visit Britain to view boats, it is claimed.<img width='1' height='1' s.....

France more open for business than US and Germany, claims Arnaud Montebourg
France is more open to foreign investment than the US or Germany, the country's industry minister has claimed, as he singled out Britain as being in "even bigger difficulty than France over its budget deficit".<img width='1' height='1' src='http:/.....

Does it matter that the UK has been stripped of its AAA credit rating?
So, does it matter that the UK has lost its much-prized AAA credit rating?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28e7e004/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.co.....

BHP appointment heralds new dawn for miners putting cost over growth
The new chief executive of the world's largest miner, BHP Billiton, has provided the first in-depth insight of his plans for the company.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28e792e8/mf.gif' border='0'.....

London high streets enjoy increasing demand from retailers
A group of high streets in London outside of the core tourist destinations are growing in popularity and stature as retailers struggle to find affordable sites on Oxford Street and Bond Street.<img width='1' height='1' src='http://telegraph.feedsp.....

UK credit rating downgrade: what next?
Following the decision by Moody's Investor Services to strip the UK of its AAA credit rating, what happens to sterling, inflation and exports? We have a quick Q&A here:<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

Trade protectionism looms next as central banks exhaust QE
Officials at the US Federal Reserve may be more worried than they have let on about the treacherous task of extricating America from quantitative easing. This is an unsettling twist, with global implications.<img width='1' height='1' src='http://t.....

Chancellor must 'ease pace' of austerity in wake of UK credit rating downgrade
One of the biggest global fund managers, Fidelity Worldwide Investment, has called for the Government to "ease the pace" of austerity in the wake of the UK's credit rating downgrade.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....

John Timpson: I prefer to keep the shares, forget the yacht and retain control
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/28e6df32/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15891.....

Week ahead in business and economics: Feb 25 - March 1
Royal Bank of Scotland and Lloyds Banking Group will announce 2012 full-year results this week, which are expected to show that both state-backed lenders remain loss-making.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....

UK AAA downgrade: Vince Cable plays down impact
Vince Cable, the Business Secretary, has dismissed the loss of Britain's prized AAA credit rating as "background noise".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28e59d8e/mf.gif' border='0'/><br/>&.....

UK AAA downgrade: how to bet against the pound
Sterling has fallen to a two-and-a-half year low against the dollar on the back of Britain being stripped of its AAA credit rating. Here are a few ways you can still profit from a falling pound.<img width='1' height='1' src='http://telegraph.feeds.....

How the FTSE has doubled
A decade ago, few were tipping the FTSE 100 to be where it is today - but those who backed the right equities can count their blessings.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28e4efca/mf.gif' border='0'/.....

Monsoon accused of 'shameless' squeeze on supply chain
Monsoon Accessorize has been criticised for a "shameless" squeeze on its supply chain after it emerged that the fashion retailer ordered suppliers to provide a mandatory rebate from the value of their invoices.<img width='1' height='1' src='http:/.....

Centrica reveals its 14bn boost to UK economy
Centrica is to reveal that it contributes more than 14bn to the British economy in taxes, jobs creation and thousands of contracts with small and medium-sized suppliers across the country.<img width='1' height='1' src='http://telegraph.feedsportal.....

David Cameron opens doors to India
David Cameron and the largest-ever trade delegation to India were accompanied on last week's visit by a familiar hanger-on: the whiff of cynicism.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28e44ddb/mf.gif' b.....

'Wine is not like shares or cash'
One pensioner almost put his savings into this unregulated, speculative investment, reports Emma Wall.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28e44ddc/mf.gif' border='0'/><br/><br/><a hr.....

Minister promises to ease red tape burden
The government will this week "redouble" its drive to reduce the burden of red tape on companies, with a new attack on overzealous regulators that inhibit growth with "crazy" rules.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....

Think Tank: well-placed praise can engender a winning mentality
I realise that I'm middle-aged now the Brit Awards pass me by with all the impact of the Budgerigar Championships (they take place in November, in case you're a fancier).<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....

Why I'll keep betting on low interest rates
It took years for the "experts" to accept that low rates were with us for the long haul. So what next, asks Andrew Oxlade.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28e44ddf/mf.gif' border='0'/><br/>.....