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Saturday 30 March 2013

UK Financial News on 2013-03-30

Cyprus depositors 'could lose 60%'
Bank of Cyprus depositors with more than 100,000 euros could lose up to 60% as part of an EU-IMF bailout restructuring move, officials say......

Post Office staff go on strike
Thousands of staff at Post Office Crown offices go on strike in a row over jobs, pay and branch closures......

Amazon buys book recommendation site
Online retailer Amazon says it will buy a book discovery and recommendation website Goodreads, which has 16 million members......

Morning business round-up
Our daily morning business round-up looks at the main stories in Europe and Asia......

McCoy's crisps recalled by KP Snacks
KP Snacks - the maker of McCoy's crisps - recalls some multipacks of the snacks after small pieces of plastic were found in packets......

Benefits reform trial scaled back
The government is to scale back some of its plans to test a radical new reform to the welfare system......

VIDEO: Union boss: 'Treat our members fairly'
About 2,000 staff at Post Office Crown offices have gone on strike in a row over jobs, pay and closures......

VIDEO: New hope for Iraqi Kurd students
In Iraqi Kurdistan, the opening up of the economy and the creation of numerous private universities have given a new generation hope of a bright future......

Do we need a new type of phone bill?
Do people understand their mobile phone bills?.....

Saving data donkeys in quicksand
How simple tags have revolutionised how we organise information.....

100 years of carmaking in Oxford
Oxford's 100 years of carmaking in pictures.....

Child Trust Funds: What should I do?
Considering how to save for your child's future.....

Bonds are no longer a safe haven when investing your pension
A few weeks ago in this newspaper's Money section, my colleague Ian Cowie wrote an interesting piece describing his decision to move his pension completely out of bonds.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....

'Bail-in' that throws the euro's future into doubt
'This sucker could go down." So said George W Bush back in 2008, at the height of the global financial storm.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a2b806b/mf.gif' border='0'/><br/><br/>&.....

Voice of Business: Classrooms must support the UK's technology boom
I was awed by last week's news that Yahoo! has agreed to pay 20m to acquire Summly, an app that summarises news articles on the internet, from British teenager Nick d'Aloisio.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....

Questor share tip: Aberdeen Asset Management well placed for growing appetite in emerging markets
Since December, Aberdeen Asset Management's assets under management jumped by 10pc to 212.3bn, exceeding all expectations.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a2ac744/mf.gif' border='0'/><br/>.....

The FSA is dead. Few will be sorry to see it gone.
Shortly before lunchtime on Sunday, September 14, 2008, Sir Callum McCarthy picked up the phone and made a call to Tim Geithner in New York.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a2ad6a7/mf.gif' border=.....

More turbulence ahead for Easyjet
Whoever takes over from Sir Mike Rake at easyJet, he or she will face a tough job.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a2ad6a8/mf.gif' border='0'/><br/><br/><a href="http://da.feedsp.....

Lord Turner forms unlikely alliance with Soros
Lord Turner - the man who wanted to be the next Governor of the Bank of England - is to work alongside George Soros, the man who famously broke the Bank two decades ago.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....

Cyprus, the island that has forgotten how to laugh
The deal has been struck, and now, Cypriots say, the betrayal is sinking in. Nick Squires reports on how the islanders are goin to need the luck of the gods to avoid plunging off an economic cliff.<img width='1' height='1' src='http://telegraph.fe.....

Euro crisis: After the Cyprus bank raid fiasco, Germany is being painted as the EU's chief villain
It's easy to see why German taxpayers have had enough, argues Mats Persson. But the Cyprus bailout has ended with their government being painted as the EU's chief villain - an accolade that should belong to the architects of the euro.<img width='1.....

Cyprus bail-out: 'Not everyone here is a Russian oligarch'
Cypriots in the capital Nicosia react to news that Bank of Cyprus savers with over 100,000 could suffer losses of up to 60 per cent as part of the country's controversial bail-out.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....

Which supermarket share should you buy?
Warren Buffett and Neil Woodford have backed Tesco and Morrisons. But what about Sainsburys? We compare the retailers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a273203/mf.gif' border='0'/><br/><.....

'Was my cheque to M&S lost in its in-store post?'
Whatever the personal finance problem, the Telegraph consumer champion can help.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a270b25/mf.gif' border='0'/><br/><br/><a href="http://da.feedspor.....

Bank capital push could hamper Help to Buy
The Government's flagship Help to Buy scheme risks being derailed by recommendations from regulators for banks to hold more capital against home loans.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a264413/mf.g.....

New York Auto Show: British carmakers eye the market where luxury rules
The New York Auto Show is a must for upmarket motor makers<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a264292/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/161990938645.....

Stamp duty rise splits prime country house market
Britain's country houses have split into a "two-speed" market, estate agents report, as wealthy foreign buyers chase the priciest estates, but City cutbacks and tax changes depress demand for less expensive homes.<img width='1' height='1' src='htt.....

Chinese smartphone minnows snap at heels of giants
China has bred a small army of smartphone giants-in-waiting.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a264294/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1619909386.....

Opponent to $24bn Dell buy-out first to propose deal
One of the biggest opponents of a $24bn (15.8bn) deal to take struggling US PC maker Dell private approached the group's founder about a similar move before he agreed terms with a rival, it emerged late on Friday.<img width='1' height='1' src='htt.....

How Laithwaites turns wine into gold
Meet a man who has made his fortune from his lifelong passion.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a2470ce/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/16199093.....

Cypriot authorities confirm raid on big depositors
Savers in Cyprus' largest bank face losing a far worse-than-expected 60pc of their deposits over 100,000 as part of a 10bn EU bail-out deal struck this week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a2953f.....

Big depositors in Bank of Cyprus to be hit much worse than feared
Savers in Cyprus' largest bank face losing a far worse-than-expected 60pc of their deposits over 100,000 as part of a 10bn EU bail-out deal struck this week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a24598.....

Aintree looks to net more overseas visitors
Racecourse on hunt for new sponsor to help attract more foreign visitors.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a245987/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com.....

Cyprus has 'no intention of leaving the euro' insists President Anastasiades
The president of Cyprus said his country had no intention of leaving the euro on Friday but hit out at euro zone leaders for treating the island nation as an "experiment".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

The real mistake over the Cyprus bail-out would be to think it can't happen here
The omens that led to the financial meltdown are only too familiar, says Graeme Archer<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a2462b5/mf.gif' border='0'/><br/><br/><a href="http://da.fe.....

The real mistake over the Cyprus bail-out would be to think it can't happen here in Britain
The omens that led to the financial meltdown on the island are only too familiar, says Graeme Archer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a245240/mf.gif' border='0'/>.....

SAC Capital fund manager charged in Dell insider trading case
A senior employee at US billionaire Steven Cohen's hedge fund SAC Capital has been charged with insider trading in technology companies Dell and Nvidia.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a2238b4/mf......