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Sunday 24 March 2013

UK Financial News on 2013-03-24

Eurogroup debates Cyprus rescue deal
A key meeting of eurozone finance ministers to finalise a crucial bailout for Cyprus finally gets under way in Brussels......

Customers safe, say Cyprus UK banks
Cypriot banks operating in the UK have insisted their customers will not be affected by any bailout deal......

Laura Ashley accused over suppliers
Retailer Laura Ashley denies squeezing its suppliers and says it is looking to provide products at the "right price"......

Nestle recalls Kit Kat Chunky bars
Nestle is recalling some of its varieties of Chunky Kit Kat after seven people found pieces of plastic in bars......

Buyer found for Blockbuster stores
DVD and games rental chain Blockbuster has been sold to restructuring specialists Gordon Brothers Europe, its administrators have said......

Tourists' health cover 'confusion'
British holidaymakers are confused about the medical cover they can expect if they travel abroad, according to a survey by an insurance body......

City houses 'now more affordable'
Home affordability has improved "significantly" for cities in Scotland over the past five years, according to a survey......

Coventry move staff out of Ricoh
Coventry City move staff and club shop stock from the Ricoh Arena after a subsidiary is placed into administration......

VIDEO: Travel medical cover checks urged
Almost a third of people travelling to Europe from the UK do so without the card that entitles them to free state healthcare, the Association of British Insurers says......

AUDIO: Gas situation 'quite unnecessary'
Nick Butler tells Today programme that if UK had put in place enough gas storage over the last few years the price increase that occurred when a major pipeline unexpectedly shut down 'wouldn't have happened.'.....

Cypriots pessimistic over bailout future
Mar. 24 - With Cyprus' banks on the verge of collapse, residents in the capital are pessimistic over the future of their economy. Jessica Gray reports......

Future organ production a possibility with 3D stem cell printer
March 24 - For the first time scientists have printed human embryonic stem cells using a 3D printer. The Heriot-Watt University team's research could eventually lead to human organs being printed on demand and an end to animal drug testing. Jim Drury.....

Cypriots anxious over austerity measures
Mar. 23 - Cypriots and expatriates vent frustration over new measures as Cyprus scrambles to avert financial meltdown. Jessica Gray reports......

Cyprus bank bill splits good and bad assets
March 23 - Cyprus adopts legislation allowing the government to split the island's failing lenders into good and bad banks as it races to clinch a bailout from the European Union and avert a financial meltdown. Sarah Charlton reports......

John Timpson: Sharing problems will relieve stress when your business is struggling
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/29f0c3da/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/161771.....

Energy suppliers seek gas storage capacity incentive
Energy suppliers are seeking incentives from the Government to increase gas storage capacity and provide a bigger cushion against price rises and shortages.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29f0c37f.....

Tax breaks for shale gas exploration unlikely to ease energy woes
The urgency behind George Osborne's move to introduce tax incentives for shale gas exploration in last week's Budget was underscored when wholesale gas prices soared to a new record by the end of last week.<img width='1' height='1' src='http://tel.....

Monday Interview: Cath Kidston's CEO Kenny Wilson
Not many chief executives have an office like Kenny Wilson's. Pea green panelling and a pink and yellow pointilliste executive chair are surrounded by vintage paraphernalia including a trunk and tea towels.<img width='1' height='1' src='http://tel.....

Rentokil examines sale of IFS for up to 400m
Rentokil is preparing to sell for up to 400m a division of its business that provides some of Britain's biggest companies with cleaners, canteen cooks and security guards.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Week ahead in business and economics: March 25 - 29
It's D-Day for Cyprus on Tuesday when the banks are due to re-open. With the European Central Bank threatening to pull liquidity lines, the eurozone member was last night struggling to come up with an acceptable plan to secure 10bn of bail-out funds......

Blackstone and Carl Icahn bid for Dell
Blackstone, the world's largest private equity firm, and activist investor Carl Icahn are preparing to submit formal bids for US computer company Dell.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29ef76d8/mf.g.....

Energy giant calls foul over 'unfair' help for small suppliers
One of Britain's biggest energy suppliers, npower, is lobbying for the Government to slash help for small electricity and gas companies, claiming it gives them an unfair advantage.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....

How Beeching is being reversed
Fifty years ago, Dr Beeching wielded his axe, believing the railways faced an inexorable decline. Now the industry is on the cusp of the biggest expansion since the Victorian era.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

Japan breaks China's stranglehold on rare metals with sea-mud bonanza
Japanese scientists have found vast reserves of rare earth metals on the Pacific seabed that can be mined cheaply, a discovery that may break the Chinese monopoly on a crucial raw material.<img width='1' height='1' src='http://telegraph.feedsporta.....

Government urged to do more to save the high street
Business groups and retailers will use an industry summit on Monday to tell the Government it must help the high street "turn the tide" in its losing battle with out of town developments.<img width='1' height='1' src='http://telegraph.feedsportal......

Cyprus limits bank withdrawls to 100 a day as island's leaders hold emergency talks
The central bank in Cyprus imposed a 100 a day withdrawal limit at cash machines for all local banks on Sunday to avert a run on lenders, as the island's leaders meet its international lenders for last-ditch talks to avert a financial meltdown.<im.....

What is the 'Cyprus problem'? - Q&A
The view in Brussels and Frankfurt is that Cyprus has brought this crisis on itself.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29ee712d/mf.gif' border='0'/><br/><br/><a href="http://da.feed.....

Banks' profits in 2012 hit by fines and accounting measures
British banks saw a strong rise in profits, it was has been disclosed, only to be hit by a mixture of regulatory fines and costs associated with Payment Protection Insurance.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

B&Q owner Kingfisher to post a 10pc fall in profits
B&Q owner Kingfisher is expected to say 2012 profits fell 10pc when it announces full-year numbers on Tuesday<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29ed5b70/mf.gif' border='0'/><br/><br/&.....

The dangerous drift towards world war in Asia
At ground zero in Hiroshima the inscription for victims of the world's first Atomic bomb is a pledge. We will never again repeat the evil of war.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29ed5b71/mf.gif' bo.....

BMW marks 100 years of car production at Cowley
BMW's Cowley plant in Oxford, home of the original Mini, is gearing up to celebrate 100 years of car-making this week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29ed52fa/mf.gif' border='0'/><br/><.....

BAE Systems wins 500m US defence contract
BAE Systems has won a US contract worth more than 500m over the next five years.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29ed52fc/mf.gif' border='0'/><br/><br/><a href="http://da.feedspor.....

Kazakhmys expected to make 1.3bn ENRC writedown
Miner Kazakhmys is expected to write down its stake in ENRC at it full year results presentation on Tuesday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29ecab75/mf.gif' border='0'/><br/><br/>&l.....

Eurozone offers Cyprus the exit - our way or the highway
The eurozone will show Cyprus the exit from the EU single currency today unless it bows to demands to effectively wind down its largest bank, devastating the island's economy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....

Germany offers Cyprus the exit - our way or the highway
The eurozone will show Cyprus the exit today unless it bows to demands to effectively wind down its largest bank.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29eca1cf/mf.gif' border='0'/><br/><br/&.....

Blackstone and Icahn enter Dell bidding
World's largest private equity firm and the activist investor prepare to submit formal bids for Dell.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29ec9e28/mf.gif' border='0'/><br/><br/><a hre.....

Vodafone eyes 88m US exit
Vodafone is lining up a deal to sell its entire share in US telecoms giant Verizon, netting it as much as $135m (88.6m).<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29ec1ffd/mf.gif' border='0'/><br/>&.....

Feared liquidator to the stars faces inquiry over errors
A liquidator who has handled the bankruptcy proceedings of pop star Adam Faith, Michael Barrymore, the comedian, and Neil Hamilton, the former MP, is under investigation over allegations she misled the court in a tax case.<img width='1' height='1'.....

Five funds you should have exited with the manager
Schroders' Richard Buxton is leaving - should investors do the same?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29eb9dc1/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/16.....