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Sunday 31 March 2013

UK Financial News on 2013-03-31

New rules over packaged accounts
New rules by the City's watchdog to govern the abuse of sales of "packaged accounts" from banks have come into force......

Apple denied iPad Mini US trademark
Apple is denied a trademark for the popular iPad Mini by the US Patent and Trademark Office on the grounds it is "merely descriptive"......

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......

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......

VIDEO: Could virtual cash replace money?
Virtual currency Bitcoin has trebled in value, as the financial crisis in Cyprus and beyond shakes consumer confidence in traditional banks......

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......

Is VAT suffering a mid-life crisis at 40?
Why are kangaroos liable for the 20% standard rate?.....

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

Meet 'Zoe' - the avatar with attitude
March 31 - British scientists have created what they say is the world's most realistic human avatar. Equipped with advanced language function, 'Zoe' has been designed as a tool for use in the business and education sectors but could one day also live.....

Competition will help the UK at critical crossroads on broadband
Talk Talk chief executive Dido Harding on why uptake of broadband will drive growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a30d89e/mf.gif' border='0'/><br/><br/><a href="http://da.feed.....

'Retail destinations' to drive Tesco sales
The success of Tesco's business in Asia is set to help shape the company's strategy in Britain as the group looks to develop its supermarkets into family retail destinations.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

Government to appoint 'Lights Tsar' to get Britain switching off
Ministers are stepping up efforts to cut Britain's energy usage ahead of a looming power crunch, with the creation of a taskforce charged with switching off the country's lights.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....

TalkTalk calls for regulator to take action on broadband
TalkTalk's calls for the telecoms regulator to intervene over the price BT charges its rivals for access to its superfast broadband network.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a311372/mf.gif' border=.....

KFC to create 1,600 UK jobs in 2013
Fast food retailer KFC is accelerating its investment programme in the UK and Ireland, with plans to create 1,600 new jobs , open more than 40 restaurants and spend 40m giving 160 outlets a facelift.<img width='1' height='1' src='http://telegraph......

A glass half-full?
At this time of year I try to offer my readers a well deserved respite from the usual diet of gloom and doom that I dish out every Monday, a glimmer of hope in keeping with the coming of spring.<img width='1' height='1' src='http://telegraph.feeds.....

Moves toward privatisation of road network speeded up
Work on an overhaul of the Highways Agency involving greater financial freedom and part privatisation of the road network is being accelerated by the Transport Department.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Tesco goes head-to-head with Thailand's wet markets
Tesco is building an empire in Thailand. Graham Ruddick reports.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a30dcc8/mf.gif' border='0'/>.....

Tesco takes on Thailand's wet markets
Tesco is building an empire in Thailand. Graham Ruddick reports.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a30d8a4/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/161990.....

Week ahead in business and economics: April 1 - 5
This Wednesday, Anglo American's new chief executive starts work at the FTSE 100 mining giant.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a30d8a6/mf.gif' border='0'/><br/><br/><a href="http.....

New telecoms superpower Huawei looks West to build its dream
Huawei battles security fears to raise its global profile.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a30d8a5/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/161990966608.....

Herms accuses luxury giant LVMH of stealthy takeover bid
A new front has opened up in this handbag war.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a30d8a7/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/161990966607/u/3/f/56830.....

Power minnow Rurelec takes on Bolivia over compensation for forced nationalisation
Aim-listed energy minnow Rurelec is preparing to take on the Bolivian Government in a court battle over the forced nationalisation of its assets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a30d8a8/mf.gif' bo.....

Ask John: Beginning today, a simple six-week solution to all of our weather woes
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/2a30d8a9/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1619.....

Slovenia cuts growth forecast as bail-out fears grow
Fears that Slovenia will become the next eurozone nation to need a bail-out have been fuelled by a sharp cut to the country's growth forecasts by the government's economic institute.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....

Commodities: Britain's gas storage shortcomings exposed by energy price fears
The pressure is mounting on Britain to protect itself by building more gas storage facilities, after recent events underlined our reliance on imports - and potential exposure to price spikes.<img width='1' height='1' src='http://telegraph.feedspor.....

Monday Interview: Mastercard UK boss Marion King
MasterCard's UK head tells Andrew Cave she has Visa's market dominance in her sights<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a30d8ac/mf.gif' border='0'/><br/><br/><a href="http://da.feed.....

Hiscox boss on why risk is not a dirty word
Charles Vallance and David Hopper meet a City legend with a well-deserved reputation for straight talking .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a30d8ad/mf.gif' border='0'/><br/><br/><.....

China echoes Labour in its bid to burst housing bubble
China is attempting to burst a housing bubble in two of its biggest cities with tactics that echo those suggested to the British Government by Labour.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a30d8ae/mf.gi.....

Cypriot archbishop urges finance minister to quit
The head of Cyprus' influential Orthodox Church has dealt a hammer blow to the island's economic leaders by becoming the first major figure to call for their resignations.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Head of Cypriot church calls on finance minister to resign
The head of Cyprus' influential Orthodox Church has dealt a hammer blow to the island's economic leaders by becoming the first major figure to call for their resignations.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Naked Wines shares maiden profit with staff
A firm that backs undiscovered winemakers has handed 35,000 to 34 staff after making its maiden profit.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a304b45/mf.gif' border='0'/><br/><br/><a h.....

How to give more to charity
The recession hit charities hard last year, but there are ways to make even the smallest donation go further.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a2d4fc9/mf.gif' border='0'/><br/><br/>&.....

Dashwood: Wetherspoon's glass is half full on price rises
Dashwood raises a glass to JD Wetherspoon for its book-keeping finesse.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a2cd24c/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r.....

Holidaymakers warned as Spain blocks EHIC usage
Care managers using backhanders to divert Spain's tourists from free EU scheme.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a2cd24d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsport.....