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Sunday 3 March 2013

UK Financial News on 2013-03-03

Swiss back curbs on executive pay
Swiss voters overwhelmingly back proposals to impose some of the world's strictest controls on executive pay, final referendum results show......

EU 'growth boost from US trade deal'
Europe's most senior trade official says that a free-trade agreement between the US and European Union would boost its growth by as much as 1%, leading to many more jobs......

Las Vegas Sands violated bribery law
Casino operator Las Vegas Sands says that it probably violated a US law that prohibits bribing foreign officials......

Obama signs budget cuts into effect
US President Barack Obama signs into effect a wave of steep spending cuts after political leaders fail to reach a deal to avert them......

Row over Amazon 'rape' T-shirt
Internet retailer Amazon is continuing to list clothes from a US firm despite a row over a T-shirt with the slogan "keep calm and rape a lot"......

Ryanair makes 9% flight cut threat
Airline Ryanair says it plans to cut the number of flights from Stansted Airport by 9%......

Hackers breach Evernote security
US-based online information storage firm Evernote asks all its 50 million users worldwide to reset their passwords following a security breach by hackers......

Second leak at North Sea platform
A North Sea oil platform is partially evacuated for the second time this year after another oil leak is detected......

Household appliance safety warning
Safety experts call for better traceability when consumers buy household appliances like fridges, cookers and tumble driers.....

VIDEO: Gulf gets a taste for luxury foods
Thousands of food producers are in the United Arab Emirates this week, looking to get their goods on supermarket shelves and restaurant menus......

VIDEO: Pop-up squash courts set up in shops
Empty retail spaces across the UK are being converted into temporary squash courts......

How savvy retailers sell by stealth
The secret of how retailers sell by stealth.....

What price loyalty to your home insurer?
How some insurers sting the customers that don't switch.....

Kerry calls on Egyptians to "come together" to tackle economy
Mar. 2 - U.S. Secretary of State John Kerry calls on the Egyptian people to 'come together' to make sound economic choices. Deborah Lutterbeck reports......

Obama warns about cost of sequestration
Mar. 2 - U.S. President Barack Obama says sequestration cuts "are not smart" in his weekly radio and Internet address. Deborah Lutterbeck reports......

This cap on bankers' bonuses is like a dead cat - pure distraction
EU autocrats think that by blaming the City of London, they have an entire continent fooled, says Boris Johnson<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29290180/mf.gif' border='0'/><br/><br/>.....

Outbreak of hyperactivity at the Bank of England shows Mark Carney era is active
A few years ago, Mervyn King revealed an ambition to make monetary policy boring. Some hope.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29288c0c/mf.gif' border='0'/><br/><br/><a href="http:/.....

Brave Ireland is the poster-child of EMU cruelty and folly
Ireland has done everything demanded by the EU's creditor powers, and seemingly survived.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29288c0f/mf.gif' border='0'/><br/><br/><a href="http://da.....

Anger builds in Italy as old guard plots fresh technocrat take-over
Italy's president Giorgio Napolitano is exploring the creation of a second technocrat government to break the political log-jam and calm markets after key parties failed to reach an accord.<img width='1' height='1' src='http://telegraph.feedsporta.....

Fastjet braced for turbulence
Nobody would pretend that starting an airline in Africa is easy. But when FastJet took off last June, few were braced for quite so much turbulence from within the company.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Bank of England to consider more stimulus amid weak economy
Bank of England policymakers will take a crucial vote on whether to pump more money into Britain's stagnant economy this week as it weighs a weak outlook for growth against high inflation.<img width='1' height='1' src='http://telegraph.feedsportal.....

Passport checks 'hitting shipping industry'
Cruise companies warn "heavy-handed" immigration restrictions imposed on all passengers is hitting shipping industry and economy of some of Britain's most popular tourist attractions.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....

Aviva investors await dividend news amid fear of cuts
Investors will this week discover whether Aviva's new chief executive has decided to cut the insurer's dividend.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29280ef0/mf.gif' border='0'/><br/><br/&g.....

Ian Henderson is the human face of flexible banking
Ian Henderson, chief executive of Shawbrook, a new breed of bank set up to challenge the Big Five explains his different approach.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2927d262/mf.gif' border='0'/>&l.....

Les Miserables to lift Cineworld sales
Les Miserables and Django Unchained are thought to have helped fuel a surge in box office takings at Cineworld during the first two months of the year, helping it to speed ahead with ambitious expansion plans.<img width='1' height='1' src='http://.....

Switzerland backs curbs on executive pay
Voters in Switzerland have backed some of the world's toughest controls on executive pay, forcing public companies to give shareholders a binding vote on remuneration.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....

Week ahead in business and economics: March 4 - 8
HSBC is set to report a pre-tax profit of more than $23bn (15bn), the bank's best result since before the financial crisis, as it enters the final year of its turnaround plan.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....

Switzerland on track to 'back curbs on executive pay'
Swiss voters are on track to back some of the world's toughest controls on executive pay, according to referendum projections, forcing companies to give shareholders a binding vote on compensation.<img width='1' height='1' src='http://telegraph.fe.....

CVC plots 500m bid for McCarthy & Stone
A private equity firm which co-owns Saga is considering a 500m tilt at McCarthy & Stone, a retirement homes developer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2925ea2a/mf.gif' border='0'/><br/>.....

Growth in China services sector slows
China's increasingly important services sector expanded at its slowest pace in five months in February, fuelling concerns that the country's economic recovery is losing steam.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....

Dozen FTSE 100 firms 'paying no tax'
Nearly one in four of Britain's blue-chip businesses paid no corporation tax in the UK last year, it has been claimed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29250fec/mf.gif' border='0'/><br/><.....

The best pensions in the world
The pensions revolution under way in Britain is being influenced by innovations in other countries.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29250861/mf.gif' border='0'/><br/><br/><a href=.....

Can you trust 'peer to peer' lending?
'Peer to peer' lending websites promise savers better returns. Emma Simon puts them to the test .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29247881/mf.gif' border='0'/><br/><br/><a href="h.....

Named: British Gas and other major firms making billions of unwanted calls every year
The companies responsible for inundating British homes with nuisance calls can be named.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29247884/mf.gif' border='0'/><br/><br/><a href="http://da......

Silent calls: how the marketing firms deliver potential customers
Here are the telephone marketing surveys that help deliver potential customers for companies.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29247883/mf.gif' border='0'/><br/><br/><a href="http:.....

Cardiff '50pc cheaper than London' for pensioners
Analysis for the Telegraph shows that living costs for pensioners in Cardiff is 50pc lower than in London.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29246d4c/mf.gif' border='0'/><br/><br/><.....

Questor share tip: Berendsen's stratgey is paying off
Berendsen investors have cleaned up. Questor says hold.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29246d4d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/158919778239/u/.....

Questor share tip: Overhang to haunt Lloyds Banking Group
Lloyds Banking Group offers very long term value. Questor says hold.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29246d4e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15.....

Pound 'is ugly but will rebound versus euro'
One of the world's largest currency traders expects the pound to rebound against the euro because Europe's economy is more "ugly" than the UK's.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29246d4f/mf.gif' bor.....

Blackstone takes 80m risk on London park
Blackstone is putting its faith in the west London office market by kickstarting an 80m scheme outside core central London at Chiswick Park.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29246d50/mf.gif' border=.....