Banks join legislators in regulatory stand-off
Normally financial regulators issue bland statements of accord wearing smiles of concord, but not anymore.....
Advent investors face profit payback
US private equity group faces having to claw back up to €80m from investors and partners following Bulgarian arbitration court ruling.....
Accountants are braced for attack over bank audits
The Parliamentary Commission on Banking Standards is expected to place yet more pressure on the mark-to-market model.....
Ex-Goldman partners plan launch of private equity megafund
DMC Partners is poised to raise one of the largest developing market-focused funds currently on offer to investors.....
Podimata vows to fight as FTT row turns toxic
A key architect of the European tax on financial transactions has vowed to defend the proposal in the face of a barrage of opposition.....
NYSE explores private sale of technology unit
The operator of the New York Stock Exchange has had discussions with at least two parties regarding a private sale.....
Bank brands are finance and values compatible? Part 1
As the financial industry struggles to repair its damaged reputation, FN examines how two banks, tarnished in different ways by the credit crunch, attempt to put their corporate ethos into action.....
Bank brands are finance and values compatible? Part 2
As the financial industry struggles to repair its damaged reputation, FN examines how two banks, tarnished in different ways by the credit crunch, attempt to put their corporate ethos into action.....
Alberta plots London move as Canadian influx goes on
Alberta Investment Management Corporation is the latest Canadian private equity fund to open an office in London.....
Webb takes pension relief plan off the table
UK pensions minister rules out further measures to relax pension scheme funding rules to offset the effects of quantitative easing.....
Derhalli readies new trading platform
The former global head of equity trading at Deutsche Bank is readying the launch of a new financial trading platform called MarketSpringpad.....
Apple taps markets for record $17bn
Computer giant Apple is asking investors for $17bn to help fund payouts to shareholders in the biggest ever bond issue by a non-banking company......
Lloyds sees profits rise to 2bn
Lloyds Banking Group reports a big rise in profits for the first three months of the year, making a total of more than 2bn......
Eurozone unemployment at record high
Eurozone joblessness surges to a new high, while inflation hits a three-year low, raising expectations that the European Central Bank will cut interest rates......
Shell secures huge UAE gas deal
Royal Dutch Shell beats France's Total to a multi-billion-pound deal to develop a gas field with the Abu Dhabi National Oil Company......
BP's profits fall in first quarter
Oil giant BP reports a fall in underlying profits for the first three months of the year, but the figure still beat analysts' expectations......
Airports face new airline fee caps
Plans for new limits on how much London's major airports can charge airlines have been put forward by the UK's Civil Aviation Authority......
US regulators fine RBS subsidiaries
RBS Group's US subsidiaries reach settlements worth $14m (9m) with bank regulators after failing to comply with consumer protection laws......
Carphone Warehouse buys out Best Buy
Mobile phone retailer Carphone Warehouse agrees to buy out its joint venture partner Best Buy, giving it full control of its retail operations across Europe......
Competition probe for Cineworld deal
Cineworld's acquisition of rival cinema chain Picturehouse is referred to the Competition Commission......
Mortgage approvals bounce back
The number of people taking out new mortgages rose last month, but lending to businesses declined further, the Bank of England says......
Premier Inn and Costa set for growth
The owner of Premier Inn hotels and Costa coffee shops, Whitbread, plans further expansion of the two chains......
Cyprus passes international bailout
Parliament in Cyprus approves the country's international bailout deal after warnings that the alternative would be financial collapse......
Former Fifa boss resigns over bribes
Fifa honorary president Joao Havelange resigns after being named in a report as having received bribes......
Oil field shut after 'steam release'
Production at one of the UK's largest-producing North Sea oil fields is expected to resume within 24 hours, its operator says......
Falling prices delay gold mine plans
Plans to reopen the Cononish mine near Tyndrum in Stirlingshire are delayed due to falling gold prices, its owner says......
Fab lollies maker bought for 715m
The ice cream manufacturer which makes Fab lollies is bought by a private equity firm for a reported 715m.....
UK pensioners snap up Kodak film
Thousands of Kodak ex-workers in the UK will now benefit from the firm's global revenues after their pension fund bought its film and printing businesses......
Spain's economy continues to shrink
Spain's economy shrank for a seventh consecutive quarter between January and March as domestic demand slumped......
Deutsche Bank surges on share issue
Deutsche Bank's shares rise more than 5% as its move to issue shares to boost its capital reserves and strong first quarter results cheer investors......
Benefits move from weekly to monthly
A massive shake-up in the UK benefits system starts on Monday, with the first claims being made for a new universal credit payment......
London fuels house price divide
The contrast between rising house prices in London and falling prices elsewhere continues to grow, figures from the Land Registry show......
China 'becomes biggest PC market'
China overtakes the US as the world's biggest market for personal computers, according to a market data report......
Italy must focus on growth, says PM
Italy's new prime minister says growth policies must be urgently adopted to counter an austerity drive under which the country is "dying"......
MPs question infrastructure spending
MPs on the Public Accounts Committee question whether the government's 310bn infrastructure spending plans are 'credible'......
Swiss bank UBS returns to profit
Swiss bank UBS returned to profit in the first three months of the year, after racking up big losses related to the Libor scandal at the end of 2012......
Skype now available for Outlook.com
Microsoft adds Skype video calls and instant message to its Outlook.com webmail product, but analysts say it may not be enough to catch up with Gmail......
Alibaba buys stake in China's Weibo
Alibaba, China's biggest e-commerce group, buys an 18% stake in Weibo, China's Twitter-like service, as it looks to tap into the social media sector......
VIDEO: The end of instant coffee?
The growth of big coffee chains has not only transformed the high street, but also our taste for coffee......
VIDEO: 'Price rises with strange promotions'
Consumers must have more rights and better information about food and other products before they decide what to buy, an MP claims......
VIDEO: Browne: Fracking is game changing
Lord Browne told HARDtalk's Stephen Sackur of the huge gas reserves unlocked by fracking within the USA, saying it now represents 30% of American gas production......
AUDIO: Horse passport system 'not working'
There are growing concerns some of the horsemeat exported by the UK is ending up on our plate despite not being fit for human consumption. Some experts say a new horse database is needed......
VIDEO: Whitbread: 'We're creating quality jobs'
The owner of Premier Inn hotels and Costa coffee shops, Whitbread, has announced new expansion plans for the two businesses......
VIDEO: Tech entrepreneurs at NY show
Technology entrepreneurs have been attending the "Disrupt New York" conference hoping to find investors......
VIDEO: Changes to airline check-in
Easyjet has become the latest airline to move all its check-in online, as increasing numbers of companies are encouraging passengers to check in at home before they fly......
VIDEO: Cern to re-create first web page
A team at the European Organisation for Nuclear Research (Cern) has launched a project to re-create the first web page......
Finding the perfect fit
Is the end in sight for changing room nightmares?.....
Football? Theres a stat for that
How using statistics could give Premier League teams the edge.....
The U.S. Day Ahead: Facebook's still thinking way too small
April 30 - Ahead of Wednesday's earnings, one analyst tells Insider Facebook has to think beyond just using customer data for advertising on its own site......
Economy: Social media raises new issues for small biz hiring
Apr. 30 - ADP executive Anish Rajparia says small businesses have turned to online networking to find new employees, but points out that it might be difficult to determine who's truly qualified for the position.....
Facebook must deliver more ad value- Forrester's Elliott
Apr. 30 - Forrester's Nate Elliott says Facebook, which reports Wednesday, has solved the mobile ad problem. But marketers aren't thrilled with the social network and could bolt if they don't get more value......
Daily Digit: Home prices up 1.2%
April 30 - February home prices up 1.2 percent, best yearly rise in almost seven years, according to the S&P/Case Shiller index. Conway G. Gittens reports......
Techquity: Apple of the bond market's eye
April 30 - Apple's first debt offering draws big demand. Plus, Siri, we have a problem......
Economy: Private companies growing, but jobs not there
Brian Hamilton, chairman of private company researcher Sageworks, says it's odd to see strong economic growth that's not coupled with private company hiring and says DC policy may be responsible......
Italy PM takes growth message to Berlin
April 30 - New Italian Prime Minister Enrico Letta made the first stop of a brief European tour in Berlin for talks with Chancellor Merkel. He's promised to press for a change to the EU's focus on austerity and pursue economic growth and jobs. Joanne.....
Laser-powered Zebedee springs into action
April 30 - Researchers at Australia's CSIRO have developed a hand-held, spring-loaded laser scanner that can produce three-dimensional maps with unprecedented speed and accuracy. Called Zebedee after a French, spring-propelled television puppet of th.....
Trading at Noon: Sirius XM humming to a new tune
Apr 30 - Satellite radio provider Sirius XM posted higher results for Q1, and appointed Jim Meyer to be its permanent CEO......
Breakingviews: SoftBank leads in Sprint race
April 30 - Reynolds Holding and Robert Cyran discuss why the Japanese internet firm's $20.1 billion offer for Sprint Nextel should top Dish Network's $25.5 billion bid......
Protests as Cyprus parliament approves bailout
April 30 - Protesters gathered outside Cyprus' parliament, while inside lawmakers approved an EU bailout including provisions to impose substantial losses on bank depositors and wind down one of the island's biggest banks. Rough Cut (no reporter narr.....
Europe Day Ahead: FED QE ease-up looks unlikely
April 30 - The focus is on the FED on Wednesday as markets watch to see whether it pulls back on QE. Plus GB manufacturing PMIs and Labour Day strikes......
Nintendo Wii shown to benefit children with dyspraxia
April 30 - Children with dyspraxia, a condition that causes co-ordination and balance problems, have been shown to benefit from therapy using the Nintendo Wii Fit video game. British researchers want to conduct further tests but believe the Wii could.....
Spanish brothers reign in restaurant world
April 30 - The Roca brothers' family restaurant El Celler de Can Roca in Girona took top honours at The World's 50 Best Restaurants award show, as international competition gave the Europeans a run for their money. Even the chefs at the top of their .....
U.S. Morning Call: UBS results beat, shares jump
Apr 30 - UBS's private bank attracted the most customer money for six years in the first quarter......
Market Pulse: Banks bounce, but not over hump
April 30 - Earnings from UBS, Deutsche Bank and Lloyds Banking Group impress investors, but don't expect financials to lead the equity march......
Gold not all that glitters for China's investors
April 30 - Chinese retail buyers have cleaned out gold shops from Beijing to Hong Kong. But with a wider array of options on offer for those looking to stash their cash, the frenzy may prove short-lived......
No better time for an ECB flutter heres why
April 30 - As markets wait to hear from Mario Draghi, a look at the relationship between a weak German PMI reading and an ECB cut suggests the move could well come on Thursday......
Reuters Breakingviews: BP's Russian honeymoon
Breakingviews......
Special cut? China audiences to see a different Iron Man 3
April 30 - Not even a superhero can escape China's censors. So Hollywood producers are trying out a new evasive maneuver: making unique versions of blockbusters for the China audience, with mixed results......
Googles UK tax dance looks clumsy
investigation into Googles UK activities shows its low tax bill could be open to challenge by the UK tax authority.....
Googles UK tax dance looks clumsy
investigation into Googles UK activities shows its low tax bill could be open to challenge by the UK tax authority.....
Reuters Today: Bank Results Boost
April 30 - European equities gain bolstered by a string of forecast-beating results from UBS, Deutsche Bank and Lloyds......
Daily Digit: Profit jumps at state-backed Lloyds
April 30 - State-backed Lloyds Banking Group reported a jump in first-quarter profit and increased its cost savings target, helping its shares close in on the government's price for breaking even. Hayley Platt asks if Europe's banks may have turned a.....
Housing resilient as economy swoons
April 29 - Pending home sales show demand for housing remains higher from the same time last year despite signs the rest of the economy is in the midst of another spring slowdown. Conway G. Gittens reports......
RBS fined over claims it misled customers
US bank regulators have ordered subsidiaries of RBS to pay a total of $13.9m (9m) to resolve allegations that they misled customers with their overdraft and rewards programmes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726.....
If an energy crisis hits, it will be the companies that will 'get shot'
Russian Roulette. That is one leading City analyst's verdict on Government's energy policy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5d42bd/mf.gif' border='0'/><div class='mf-viral'><table bor.....
Mexico cracks down on Carlos Slim's telecoms dominance
Regulators can stop companies controlling telecoms market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5c6a1c/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td valig.....
Martin Sorrell collects 17m but WPP agrees cuts to future pay and bonus
Chief's pay a third more than package rejected by shareholders last year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5c783f/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr&.....
Analysts fuel Invensys bid hopes
The engineer was once again one of the biggest risers in the London market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5c62cc/mf.gif' border='0'/><div class='mf-viral'><table border='0'><t.....
Market baffled by 700pc rise in Bankia shares
Traders and analysts were left baffled on Tuesday after struggling Spanish lender Bankia briefly became the most valuable bank in the eurozone as its shares soared by more than 700pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....
Eurozone risks Japan-style trap as deflation grinds closer
The eurozone is one shock away from a Japan-style deflation crisis after a key measure of prices fell to the lowest since the launch of the single currency.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5c6022.....
Asos management could share 30m bonus
The management team at online fashion retailer Asos could collect more than 30m under a new share incentive scheme if sales continue to grow rapidly.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5c5a76/mf.gif.....
Apple to break borrowing record with bond to fund capital return
Apple is poised to borrow as much as $17bn from investors in what would be the largest debt sale by a technology company in history.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b591bdf/mf.gif' border='0'/>.....
ENRC's annual report is full of laughs - for all the wrong reasons
It is an annual report that even Borat might find beyond parody.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5b4141/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td.....
FTSE 100 achieves longest winning streak on record
The FTSE 100 has staged an 11-month rally, its longest winning streak since inception in 1984.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5b3ee5/mf.gif' border='0'/><div class='mf-viral'><table .....
The French village that bucked the austerity trend
In an age of austerity when many French towns are groaning under debt, the mayor of a once-poor village has more money than he can spend.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5b3ee6/mf.gif' border='0'.....
Airlines hit out at Heathrow charges
Heathrow is "over-priced, over-rewarded and inefficient", British Airways boss Willie Walsh has claimed, after the UK's aviation regulator disappointed airlines that had been pushing for a major cut in fees at the airport.<img width='1' height='1'.....
Cineworld facing OFT competition probe over Picturehouse deal
Cineworld is facing a competition investigation over its 47m takeover of art house cinema chain Picturehouse amid concerns over the impact of the deal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5a6855/mf.g.....
HS2 is already obsolete, David Cameron should be preparing the UK for self-driving cars
Anybody who still believes high-speed rail is the answer to our transport problems, rather than an unaffordably grandiose throwback to a bygone era, needs to take a trip to Silicon Valley.<img width='1' height='1' src='http://telegraph.feedsportal.....
Gold buyers forced to go on waiting list
Gold buyers are having to wait up to six weeks for their bars and coins after a price dip led to increased interest.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5b3afc/mf.gif' border='0'/><div class='m.....
George Osborne tells FPC to focus on short-term growth
The Chancellor has instructed the Bank of England to prioritise short term growth over financial stability even if it means letting banks take bigger risks.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5a8971.....
Geroge Osborne tells FPC to focus on short-term growth
The Chancellor has charged the Financial Policy Committee to prioritise short-term economic growth, in a thinly-veiled call on the central bank to ease its tough capital requirements on banks.<img width='1' height='1' src='http://telegraph.feedspo.....
Softbank billionaire goes to war with Dish over Sprint bid
The battle to take over US mobile operator Sprint has intensified, with the billionaire founder of Japanese bidder Softbank launching a fierce attack on rival Dish.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....
Mutuals grab large share of first-time buyer mortgages
Property buyers seeking a mortgage should look for a deal from the building society sector, research suggests.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5a83a2/mf.gif' border='0'/><div class='mf-vira.....
Halifax offers to pay stamp duty for first-time buyers
The lender, part-owned by the taxpayer, will pay up to 2,500 to each buyer, coupled with some "very respectable rates".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5a83a3/mf.gif' border='0'/><div class.....
German beer sales slump to a 20-year low
Beer is going out of fashion in the country that invented the Oktoberfest, according to official figures which show sales of German beer have slumped to their lowest level for 20 years.<img width='1' height='1' src='http://telegraph.feedsportal.co.....
Why is the limit on Premium Bonds set at 30,000?
Ask the experts: Why NS&I will not relax the rules and increase your chances of winning 1m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b591be1/mf.gif' border='0'/><div class='mf-viral'><table.....
Mexico sues BP over Gulf disaster as oil giant faces 2,200 new lawsuits in less than two months
Oil giant faces 2,200 new lawsuits in less than two months.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5913f6/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td vali.....
ASOS profits rise 11pc as it eyes foreign moves
Online fashion retailer ASOS has outlined plans to launch a Chinese-language website in October, part of its strategy to be a global player, as it reported an 11pc rise in first half profits.<img width='1' height='1' src='http://telegraph.feedspor.....
Tuesday, 30 April 2013
Monday, 29 April 2013
UK Financial News on 2013-04-29
Accountants are braced for attack over bank audits
The Parliamentary Commission on Banking Standards is expected to place yet more pressure on the mark-to-market model.....
Ex-Goldman partners plan launch of private equity megafund
DMC Partners is poised to raise one of the largest developing market-focused funds currently on offer to investors.....
NYSE explores private sale of technology unit
The operator of the New York Stock Exchange has had discussions with at least two parties regarding a private sale.....
Podimata vows to fight as FTT row turns toxic
A key architect of the European tax on financial transactions has vowed to defend the proposal in the face of a barrage of opposition.....
Bank brands are finance and values compatible? Part 1
As the financial industry struggles to repair its damaged reputation, FN examines how two banks, tarnished in different ways by the credit crunch, attempt to put their corporate ethos into action.....
Bank brands are finance and values compatible? Part 2
As the financial industry struggles to repair its damaged reputation, FN examines how two banks, tarnished in different ways by the credit crunch, attempt to put their corporate ethos into action.....
Banks join legislators in regulatory stand-off
Normally financial regulators issue bland statements of accord wearing smiles of concord, but not anymore.....
Alberta plots London move as Canadian influx goes on
Alberta Investment Management Corporation is the latest Canadian private equity fund to open an office in London.....
Webb takes pension relief plan off the table
UK pensions minister rules out further measures to relax pension scheme funding rules to offset the effects of quantitative easing.....
Derhalli readies new trading platform
The former global head of equity trading at Deutsche Bank is readying the launch of a new financial trading platform called MarketSpringpad.....
Advent investors face profit payback
US private equity group faces having to claw back up to €80m from investors and partners following Bulgarian arbitration court ruling.....
Primark helps Dhaka factory victims
Primark says it will pay compensation and offer emergency food aid to victims of the Bangladesh factory collapse who worked for its supplier......
Benefits move from weekly to monthly
A massive shake-up in the UK benefits system starts on Monday, with the first claims being made for a new universal credit payment......
Greggs bakery in profits warning
High Street bakery Greggs warns of lower than expected profits this year after reporting a fall in underlying sales......
China 'becomes biggest PC market'
China overtakes the US as the world's biggest market for personal computers, according to a market data report......
Lloyds to sell Spanish retail units
Lloyds Banking Group agrees to sell its Spanish retail banking business to Banco Sabadell in exchange for a 1.8% stake in the Spanish bank......
Google Now service comes to iPhone
The Google Now service - which aims to anticipate searches by offering information before it is asked for - extends to Apple's iOS devices......
Wall Street Market Report
Wall Street Market Report.....
Pinewood studios to expand to US
Renowned UK film studio Pinewood Shepperton announces plans to build its first US studios near Atlanta, Georgia......
London fuels house price divide
The contrast between rising house prices in London and falling prices elsewhere continues to grow, figures from the Land Registry show......
Santander chief Saenz steps down
Santander's chief executive Alfredo Saenz steps down after a legal battle, and is replaced by Javier Marin......
MPs question infrastructure spending
MPs on the Public Accounts Committee question whether the government's 310bn infrastructure spending plans are 'credible'......
High-frequency traders face limits
EBS, one of the major currency trading platforms, is to talk to clients about putting "speed limits" on high-frequency trading......
Chrysler pulls down Fiat profits
The third largest US carmaker Chrysler's first-quarter net profits fall 65%, resulting in a sharp fall in profits for majority owner Fiat......
Italy must focus on growth, says PM
Italy's new prime minister says growth policies must be urgently adopted to counter an austerity drive under which the country is "dying"......
US consumer spending beats forecasts
US consumer spending unexpectedly rose in March, up 0.2% on the month, but growth was slower than in the first two months of the year......
EU to ban pesticides in bee scare
The European Commission will restrict the use of pesticides linked to bee deaths by researchers, despite a split among EU states on the issue......
Rentokil sells City Link for 1
Pest control company Rentokil offloads its parcel delivery firm City Link for 1, after five years of substantial losses......
Balfour Beatty in profit warning
Shares in Balfour Beatty fall 9.5% after the UK's largest construction firm warns that difficult UK trading conditions will hit profits......
Bayer to buy Conceptus in $1bn deal
Germany's Bayer plans to buy US contraceptive maker Conceptus as it attempts to increase its range of female healthcare products......
Eurozone economic mood falls again
A fall in confidence in the eurozone economies for a second consecutive month in April increases the likelihood of a cut in interest rates later this week......
Rich elderly 'should shun benefits'
Wealthy elderly people who do not need benefit payments to help with fuel bills or free travel should voluntarily give the money back, Iain Duncan Smith says......
Ban zero hours contracts - Burnham
Labour leader Ed Miliband should promise to outlaw "zero hours contracts," says shadow cabinet minister Andy Burnham......
Lending to firms 'to rise in 2013'
Bank lending to UK businesses will rise in 2013, the first increase in four years, the Ernst & Young Item Club predicts......
Google acquires news stream Wavii
Google acquires Wavii, a service that offer customised news streams to users, for roughly $30m (18m) in cash......
VIDEO: UK's biggest taxpayer on tax morality
Newsnight's Emily Maitlis meets John Caudwell, founder of Phones4U, to ask if tax should be a matter for your social conscience......
VIDEO: Austerity 'has led to suicides'
A group of researchers from Oxford University claims that austerity measures in Europe and North America are having a devastating effect on health, including increased levels of suicide and depression......
VIDEO: EU to ban pesticides in bee scare
A vote in the EU has paved the way for the European Commission to restrict the use of pesticides linked to bee deaths in scientific studies......
VIDEO: Are SMS texts on the way out?
Instant messaging on chat apps has overtaken the traditional SMS text message for the first time, according to research firm Informa......
AUDIO: Care homes 'at risk of going bust'
Last year 67 care home businesses went bust compared to 28 cases in 2008. Stephen Grant from accountancy firm Wilkins Kennedy said some people go into the business "to make an easy buck"......
VIDEO: Italy's new coalition targets economy
Italy's new Prime Minister Enrico Letta says his broad coalition will work to heal the nation's finances while encouraging economic growth......
VIDEO: Greek MPs vote through mass job cuts
The Greek parliament has passed a bill which will see 15,000 state employees lose their jobs by the end of next year......
VIDEO: Does handwriting analysis stand up?
Hugh Scofield has his handwriting analysed by one of France's leading graphologists......
The US food firm spicing up exports
US spice company shares its recipe for success.....
Chat apps mount challenge to Facebook
The Asian chat apps overtaking texts and tweets.....
U.S. Day Ahead: Doomsday scenario for McGraw-Hill
Apr 29 - Analysts are growing more pessimistic of S&P Ratings owner, McGraw-Hill, ahead of its earnings on Tuesday......
Techquity: Google steps up battle with Apple's Siri
April 29 - Google enters Apple's turf with its voice app, plus Amazon's latest headache in Europe and more......
Daily Digit: $21 bln shopping bill
April 29 - Americans spent $21 billion more in March than in February, mostly on heating bills, the increase of only 0.2 percent points to sluggish growth in consumer spending. Conway G. Gittens reports......
Italy's Letta starts work with call for growth
April 19 - New Italian Prime Minister Enrico Letta has called for growth in his first speech to parliament. While investors have welcomed the arrival of his coalition government, Joanna Partridge takes a look at the severe political and economic prob.....
Breakingviews: Desirable iOUs?
April 29 - Breakingviews columnists discuss Apple's plans to fund shareholder payouts partly with debt issuance that could run to a bank-like $20 bln a year......
EU bans pesticides over bee fears
April 29 - Europe has voted to ban three of the world's most widely used chemicals for two years after EU scientists said there were links to the decline in bee populations, crucial to the pollination of crops. Joanne Nicholson reports......
Trading at Noon: Apple eyes first debt sale ever
Apr 29 - Apple lays the groundwork for what would be one of the most anticipated bond sales of the year......
Did cocaine cause the financial crisis?
Aprip 29 - With former UK drugs tsar Professor David Nutt blaming cocaine use for fuelling the financial crisis, Nigel Hilditch asks whether this was really the case. He speaks to a former stockbroker and behavioural anthropologist to discover how ba.....
Time for new markets: luxury watch makers look beyond China
April 29 - Luxury watch sales slow as China's growth engine appears to be losing steam. Hayley Platt asks the CEO of Digital Luxury Group where market focus is moving......
Care-O-Bot, the future of home help for seniors
April 29 - Scientists at Germany's Fraunhofer Institute in Stuttgart have unveiled a third generation robot prototype, designed to assist the elderly in their homes. The 'Care-o-bot 3' is equipped to detect, grasp and carry ordinary household objects.....
Europe Day Ahead: Banks Results - Round 2
April 29 - Tuesdays a big day for banks with Deutsche, UBS & Lloyds reporting in tough conditions; and, will tomorrows euro zone inflation number boost the case for an ECB rate cut?.....
Santander claims title as Europe's "smartest" city
April 29 - As the centrepiece of an ambitious experiment to make cities more efficient and easier to live in, Santander in Spain is being hailed as the smartest in Europe. With thousands of near-field sensors installed throughout the city, Santander .....
Greek lawmakers approve more austerity
April 29 - Greece agrees to cut 15,000 public sector jobs in order to access 8.8 billion euros of rescue loans from the European Union and the International Monetary Fund. Joanne Nicholson reports......
Did cocaine cause the financial crisis?
April 29 - With former UK drugs tsar Professor David Nutt blaming cocaine use for fuelling the financial crisis, Nigel Hilditch asks whether this was really the case. He speaks to a former stockbroker and behavioural anthropologist to discover how ba.....
Wealth Strategies: Few sectors look as strong as housing
Apr. 29 - Brad Friedlander, manager of the Angel Oak Multi Strategy Income Fund, says non-agency mortgage bonds are undervalued and will receive a boost as the housing market continues its recovery......
U.S. Morning Call: Will Chrysler escape the Europe scourge?
Apr 29 - Fiat-owned Chrysler reports results today, and analysts want to know if falling sales in Europe will impact the bottom-line, as they did for rival Ford......
Market Pulse: Italy leads European bond and stock rally
April 29 - Italy pays the lowest bond yields at auction since Oct. 2010, as a new government emerges from 2 months of limbo to fuel a European stock and bond rally. Plus, a shock UK corporate profit warning......
China's mouthpiece raises a new building ... and eyebrows
The distinctive new headquarters of China's official newspaper have sparked some cheeky online chatter, as Anita Li reports - and the country's censors aren't pleased......
Reuters Breakingviews: ECB's rate cut no-brainer
Breakingviews......
Piaget CEO sees promise in China despite bling backlash
April 29 - China's crackdown on conspicuous consumption has rattled the luxury sector, but has yet to dent the sales or expansion plans of high-end watchmaker Piaget, says CEO Philippe Leopold-Metzger......
Reuters Today: Market look for central bank largesse
April 29 - Investors count on easy money from central banks to offset risk of further economic data disappointment......
The waiting is over as new government takes over in Italy
April 28 - With pomp and ceremony a new Italian government is sworn in more than two months after the election. Deborah Lutterbeck reports......
Japan tests Dreamliner after ban
April 28 - Japan's All Nippon Airways tests its first Boeing 787 Dreamliner since overheating batteries forced the fleet grounded worldwide. Lindsey Parietti reports......
Can shale gas bring the same benefits as North Sea oil? Only one way to find out
Slowly but surely, the fracking lobby is winning the argument, and about time too.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b510b39/mf.gif' border='0'/><div class='mf-viral'><table border='0'&g.....
Royal Mail privatisation looks like a blitzkrieg strategy
Business Minister Michael Fallon begins Government's proposed sale of Royal Mail.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b511995/mf.gif' border='0'/><div class='mf-viral'><table border='0'>.....
Italian showdown with Germany as Enrico Letta rejects 'death by austerity'
Italy's new premier Enrico Letta is on a collision course with Germany after vowing to end death by austerity, and warned that Europe itself faces a "crisis of legitimacy" unless it charges course.<img width='1' height='1' src='http://telegraph.fe.....
Barclays wins Libor appeal in 70m mis-selling case
Barclays has won the right to try to dismiss the first attempt to bring it to court over its alleged rigging of Libor interest rates.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b51199a/mf.gif' border='0'/>.....
Bangladesh factory collapse: Primark to pay compensation
Primark, the "fast-fashion" chain, is to pay compensation to victims of the clothing factory collapse who worked for its supplier.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5111da/mf.gif' border='0'/>&l.....
Primark pledges to compensate victims of Bangladesh factory horror
Primark, the "fast-fashion" chain, has promised to compensate victims of a deadly building collapse who worked for its supplier.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b50fa00/mf.gif' border='0'/><.....
Whitbread plans new hotels with smaller rooms
Whitbread has been testing smaller rooms at its Premier Inn hotels in big cities amid expectations the leisure giant will soon roll out a second budget hotel brand.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....
Fresnillo untarnished by metals rout
The miner placed about 19.6m shares with one of its biggest investors.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b50fa06/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr>.....
FIG backs fitness plan with financial muscle
Doug Higgins explains how his novel idea for training equipment was realised thanks to Find Invest Grow, an uncoventional venture capital group.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b50fa07/mf.gif' bor.....
Growth proves elusive for small businesses
Fewer businesses are flagging distress signals or experiencing funding difficulties - but more are finding growth elusive.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b503181/mf.gif' border='0'/><div cl.....
Italian PM Enrico Letta urges move from austerity to growth
Italy's new Prime Minister Enrico Letta pledged to push for a change to the European Union's focus on austerity and pursue growth and jobs in an inaugural speech on Monday laying out the priorities for his coalition government.<img width='1' heigh.....
British smartphone app Shazam appoints American CEO for IPO
Rich Riley, a former senior Yahoo! executive, takes the helm to court TV television advertising industry.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b504bdc/mf.gif' border='0'/><div class='mf-viral'>.....
Rentokil Initial sells City Link for 1
Rentokil Initial has sold its "problem child" City Link parcels business for a nominal sum of 1 to Jon Moulton's private equity group, Better Capital, following five turbulent years of losses.<img width='1' height='1' src='http://telegraph.feedspo.....
Business news and markets: as it happened - April 29, 2013
Italy's new Prime Minister Enrico Letta has warned that the country will "die of fiscal consolidation alone", as he presented his reforms to parliament for the first time since taking power, with the focus now on immediately reviving the economy.<.....
Business news and markets: live
Italy's new Prime Minister Enrico Letta has warned that the country will "die of fiscal consolidation alone", as he presented his reforms to parliament for the first time since taking power, with the focus now on immediately reviving the economy.<.....
S&P sees deepening house slump in Spain, France and Holland
Spanish house prices are to fall a further 13pc by the end of next year as the authorities flood the market with a backlog of repossessed properties, Standard and Poor's has warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
Alfredo Saenz to collect 74m on stepping down from Santander
Alfredo Saenz, chief executive of Santander, will collect 88m (74m) in a lump sum from Spain's biggest bank after quitting amid fresh questions about a four-year-old criminal conviction.<img width='1' height='1' src='http://telegraph.feedsportal.c.....
One in five over-55s wants to downsize
Homeowners plan to move to smaller homes over the next five years due to unaffordable property running costs.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4f650e/mf.gif' border='0'/><div class='mf-viral.....
BP rapped for serious safety breaches that risked lives in North Sea leak
Oil and gas leak could have killed North Sea workers, Norwegian regulator finds.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4f745d/mf.gif' border='0'/><div class='mf-viral'><table border='0'>.....
George Osborne unveils tax breaks for creative industries
Britain is the place to create hit shows and animations, Chancellor George Osborne says as he launches tax relief for the creative industries,<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4e33b7/mf.gif' borde.....
How well do you know your banknotes?
Day-in, day-out you deal with them - hand them over shop counters, retrieve them from the washing machine, marvel at getting crisp new ones from the hole in the wall - but how well do you really know your banknotes? Can you name the historical figure.....
Alfredo Saenz resigns as Santander chief executive
Alfredo Saenz, who has been dogged for years by a criminal conviction relating to a debt-recovery case, has resigned as chief executive of Santander, the Spanish bank.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
New build house prices rise by 12pc
New build house prices have risen at a faster rate over the last five years than property prices generally, according to Halifax.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4d434f/mf.gif' border='0'/><.....
Cost of austerity measures is poor health
Recession-driven austerity measures aren't just bad for your wealth - they're harming your health, according to Oxford and Stanford study on after-effects of the financial crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....
O2 and BT make new links with 4G deal
O2 will pay BT hundreds of millions of pounds to bolster its network for 4G.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4c2788/mf.gif' border='0'/><div class='mf-viral'><table border='0'><.....
The Parliamentary Commission on Banking Standards is expected to place yet more pressure on the mark-to-market model.....
Ex-Goldman partners plan launch of private equity megafund
DMC Partners is poised to raise one of the largest developing market-focused funds currently on offer to investors.....
NYSE explores private sale of technology unit
The operator of the New York Stock Exchange has had discussions with at least two parties regarding a private sale.....
Podimata vows to fight as FTT row turns toxic
A key architect of the European tax on financial transactions has vowed to defend the proposal in the face of a barrage of opposition.....
Bank brands are finance and values compatible? Part 1
As the financial industry struggles to repair its damaged reputation, FN examines how two banks, tarnished in different ways by the credit crunch, attempt to put their corporate ethos into action.....
Bank brands are finance and values compatible? Part 2
As the financial industry struggles to repair its damaged reputation, FN examines how two banks, tarnished in different ways by the credit crunch, attempt to put their corporate ethos into action.....
Banks join legislators in regulatory stand-off
Normally financial regulators issue bland statements of accord wearing smiles of concord, but not anymore.....
Alberta plots London move as Canadian influx goes on
Alberta Investment Management Corporation is the latest Canadian private equity fund to open an office in London.....
Webb takes pension relief plan off the table
UK pensions minister rules out further measures to relax pension scheme funding rules to offset the effects of quantitative easing.....
Derhalli readies new trading platform
The former global head of equity trading at Deutsche Bank is readying the launch of a new financial trading platform called MarketSpringpad.....
Advent investors face profit payback
US private equity group faces having to claw back up to €80m from investors and partners following Bulgarian arbitration court ruling.....
Primark helps Dhaka factory victims
Primark says it will pay compensation and offer emergency food aid to victims of the Bangladesh factory collapse who worked for its supplier......
Benefits move from weekly to monthly
A massive shake-up in the UK benefits system starts on Monday, with the first claims being made for a new universal credit payment......
Greggs bakery in profits warning
High Street bakery Greggs warns of lower than expected profits this year after reporting a fall in underlying sales......
China 'becomes biggest PC market'
China overtakes the US as the world's biggest market for personal computers, according to a market data report......
Lloyds to sell Spanish retail units
Lloyds Banking Group agrees to sell its Spanish retail banking business to Banco Sabadell in exchange for a 1.8% stake in the Spanish bank......
Google Now service comes to iPhone
The Google Now service - which aims to anticipate searches by offering information before it is asked for - extends to Apple's iOS devices......
Wall Street Market Report
Wall Street Market Report.....
Pinewood studios to expand to US
Renowned UK film studio Pinewood Shepperton announces plans to build its first US studios near Atlanta, Georgia......
London fuels house price divide
The contrast between rising house prices in London and falling prices elsewhere continues to grow, figures from the Land Registry show......
Santander chief Saenz steps down
Santander's chief executive Alfredo Saenz steps down after a legal battle, and is replaced by Javier Marin......
MPs question infrastructure spending
MPs on the Public Accounts Committee question whether the government's 310bn infrastructure spending plans are 'credible'......
High-frequency traders face limits
EBS, one of the major currency trading platforms, is to talk to clients about putting "speed limits" on high-frequency trading......
Chrysler pulls down Fiat profits
The third largest US carmaker Chrysler's first-quarter net profits fall 65%, resulting in a sharp fall in profits for majority owner Fiat......
Italy must focus on growth, says PM
Italy's new prime minister says growth policies must be urgently adopted to counter an austerity drive under which the country is "dying"......
US consumer spending beats forecasts
US consumer spending unexpectedly rose in March, up 0.2% on the month, but growth was slower than in the first two months of the year......
EU to ban pesticides in bee scare
The European Commission will restrict the use of pesticides linked to bee deaths by researchers, despite a split among EU states on the issue......
Rentokil sells City Link for 1
Pest control company Rentokil offloads its parcel delivery firm City Link for 1, after five years of substantial losses......
Balfour Beatty in profit warning
Shares in Balfour Beatty fall 9.5% after the UK's largest construction firm warns that difficult UK trading conditions will hit profits......
Bayer to buy Conceptus in $1bn deal
Germany's Bayer plans to buy US contraceptive maker Conceptus as it attempts to increase its range of female healthcare products......
Eurozone economic mood falls again
A fall in confidence in the eurozone economies for a second consecutive month in April increases the likelihood of a cut in interest rates later this week......
Rich elderly 'should shun benefits'
Wealthy elderly people who do not need benefit payments to help with fuel bills or free travel should voluntarily give the money back, Iain Duncan Smith says......
Ban zero hours contracts - Burnham
Labour leader Ed Miliband should promise to outlaw "zero hours contracts," says shadow cabinet minister Andy Burnham......
Lending to firms 'to rise in 2013'
Bank lending to UK businesses will rise in 2013, the first increase in four years, the Ernst & Young Item Club predicts......
Google acquires news stream Wavii
Google acquires Wavii, a service that offer customised news streams to users, for roughly $30m (18m) in cash......
VIDEO: UK's biggest taxpayer on tax morality
Newsnight's Emily Maitlis meets John Caudwell, founder of Phones4U, to ask if tax should be a matter for your social conscience......
VIDEO: Austerity 'has led to suicides'
A group of researchers from Oxford University claims that austerity measures in Europe and North America are having a devastating effect on health, including increased levels of suicide and depression......
VIDEO: EU to ban pesticides in bee scare
A vote in the EU has paved the way for the European Commission to restrict the use of pesticides linked to bee deaths in scientific studies......
VIDEO: Are SMS texts on the way out?
Instant messaging on chat apps has overtaken the traditional SMS text message for the first time, according to research firm Informa......
AUDIO: Care homes 'at risk of going bust'
Last year 67 care home businesses went bust compared to 28 cases in 2008. Stephen Grant from accountancy firm Wilkins Kennedy said some people go into the business "to make an easy buck"......
VIDEO: Italy's new coalition targets economy
Italy's new Prime Minister Enrico Letta says his broad coalition will work to heal the nation's finances while encouraging economic growth......
VIDEO: Greek MPs vote through mass job cuts
The Greek parliament has passed a bill which will see 15,000 state employees lose their jobs by the end of next year......
VIDEO: Does handwriting analysis stand up?
Hugh Scofield has his handwriting analysed by one of France's leading graphologists......
The US food firm spicing up exports
US spice company shares its recipe for success.....
Chat apps mount challenge to Facebook
The Asian chat apps overtaking texts and tweets.....
U.S. Day Ahead: Doomsday scenario for McGraw-Hill
Apr 29 - Analysts are growing more pessimistic of S&P Ratings owner, McGraw-Hill, ahead of its earnings on Tuesday......
Techquity: Google steps up battle with Apple's Siri
April 29 - Google enters Apple's turf with its voice app, plus Amazon's latest headache in Europe and more......
Daily Digit: $21 bln shopping bill
April 29 - Americans spent $21 billion more in March than in February, mostly on heating bills, the increase of only 0.2 percent points to sluggish growth in consumer spending. Conway G. Gittens reports......
Italy's Letta starts work with call for growth
April 19 - New Italian Prime Minister Enrico Letta has called for growth in his first speech to parliament. While investors have welcomed the arrival of his coalition government, Joanna Partridge takes a look at the severe political and economic prob.....
Breakingviews: Desirable iOUs?
April 29 - Breakingviews columnists discuss Apple's plans to fund shareholder payouts partly with debt issuance that could run to a bank-like $20 bln a year......
EU bans pesticides over bee fears
April 29 - Europe has voted to ban three of the world's most widely used chemicals for two years after EU scientists said there were links to the decline in bee populations, crucial to the pollination of crops. Joanne Nicholson reports......
Trading at Noon: Apple eyes first debt sale ever
Apr 29 - Apple lays the groundwork for what would be one of the most anticipated bond sales of the year......
Did cocaine cause the financial crisis?
Aprip 29 - With former UK drugs tsar Professor David Nutt blaming cocaine use for fuelling the financial crisis, Nigel Hilditch asks whether this was really the case. He speaks to a former stockbroker and behavioural anthropologist to discover how ba.....
Time for new markets: luxury watch makers look beyond China
April 29 - Luxury watch sales slow as China's growth engine appears to be losing steam. Hayley Platt asks the CEO of Digital Luxury Group where market focus is moving......
Care-O-Bot, the future of home help for seniors
April 29 - Scientists at Germany's Fraunhofer Institute in Stuttgart have unveiled a third generation robot prototype, designed to assist the elderly in their homes. The 'Care-o-bot 3' is equipped to detect, grasp and carry ordinary household objects.....
Europe Day Ahead: Banks Results - Round 2
April 29 - Tuesdays a big day for banks with Deutsche, UBS & Lloyds reporting in tough conditions; and, will tomorrows euro zone inflation number boost the case for an ECB rate cut?.....
Santander claims title as Europe's "smartest" city
April 29 - As the centrepiece of an ambitious experiment to make cities more efficient and easier to live in, Santander in Spain is being hailed as the smartest in Europe. With thousands of near-field sensors installed throughout the city, Santander .....
Greek lawmakers approve more austerity
April 29 - Greece agrees to cut 15,000 public sector jobs in order to access 8.8 billion euros of rescue loans from the European Union and the International Monetary Fund. Joanne Nicholson reports......
Did cocaine cause the financial crisis?
April 29 - With former UK drugs tsar Professor David Nutt blaming cocaine use for fuelling the financial crisis, Nigel Hilditch asks whether this was really the case. He speaks to a former stockbroker and behavioural anthropologist to discover how ba.....
Wealth Strategies: Few sectors look as strong as housing
Apr. 29 - Brad Friedlander, manager of the Angel Oak Multi Strategy Income Fund, says non-agency mortgage bonds are undervalued and will receive a boost as the housing market continues its recovery......
U.S. Morning Call: Will Chrysler escape the Europe scourge?
Apr 29 - Fiat-owned Chrysler reports results today, and analysts want to know if falling sales in Europe will impact the bottom-line, as they did for rival Ford......
Market Pulse: Italy leads European bond and stock rally
April 29 - Italy pays the lowest bond yields at auction since Oct. 2010, as a new government emerges from 2 months of limbo to fuel a European stock and bond rally. Plus, a shock UK corporate profit warning......
China's mouthpiece raises a new building ... and eyebrows
The distinctive new headquarters of China's official newspaper have sparked some cheeky online chatter, as Anita Li reports - and the country's censors aren't pleased......
Reuters Breakingviews: ECB's rate cut no-brainer
Breakingviews......
Piaget CEO sees promise in China despite bling backlash
April 29 - China's crackdown on conspicuous consumption has rattled the luxury sector, but has yet to dent the sales or expansion plans of high-end watchmaker Piaget, says CEO Philippe Leopold-Metzger......
Reuters Today: Market look for central bank largesse
April 29 - Investors count on easy money from central banks to offset risk of further economic data disappointment......
The waiting is over as new government takes over in Italy
April 28 - With pomp and ceremony a new Italian government is sworn in more than two months after the election. Deborah Lutterbeck reports......
Japan tests Dreamliner after ban
April 28 - Japan's All Nippon Airways tests its first Boeing 787 Dreamliner since overheating batteries forced the fleet grounded worldwide. Lindsey Parietti reports......
Can shale gas bring the same benefits as North Sea oil? Only one way to find out
Slowly but surely, the fracking lobby is winning the argument, and about time too.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b510b39/mf.gif' border='0'/><div class='mf-viral'><table border='0'&g.....
Royal Mail privatisation looks like a blitzkrieg strategy
Business Minister Michael Fallon begins Government's proposed sale of Royal Mail.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b511995/mf.gif' border='0'/><div class='mf-viral'><table border='0'>.....
Italian showdown with Germany as Enrico Letta rejects 'death by austerity'
Italy's new premier Enrico Letta is on a collision course with Germany after vowing to end death by austerity, and warned that Europe itself faces a "crisis of legitimacy" unless it charges course.<img width='1' height='1' src='http://telegraph.fe.....
Barclays wins Libor appeal in 70m mis-selling case
Barclays has won the right to try to dismiss the first attempt to bring it to court over its alleged rigging of Libor interest rates.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b51199a/mf.gif' border='0'/>.....
Bangladesh factory collapse: Primark to pay compensation
Primark, the "fast-fashion" chain, is to pay compensation to victims of the clothing factory collapse who worked for its supplier.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b5111da/mf.gif' border='0'/>&l.....
Primark pledges to compensate victims of Bangladesh factory horror
Primark, the "fast-fashion" chain, has promised to compensate victims of a deadly building collapse who worked for its supplier.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b50fa00/mf.gif' border='0'/><.....
Whitbread plans new hotels with smaller rooms
Whitbread has been testing smaller rooms at its Premier Inn hotels in big cities amid expectations the leisure giant will soon roll out a second budget hotel brand.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....
Fresnillo untarnished by metals rout
The miner placed about 19.6m shares with one of its biggest investors.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b50fa06/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr>.....
FIG backs fitness plan with financial muscle
Doug Higgins explains how his novel idea for training equipment was realised thanks to Find Invest Grow, an uncoventional venture capital group.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b50fa07/mf.gif' bor.....
Growth proves elusive for small businesses
Fewer businesses are flagging distress signals or experiencing funding difficulties - but more are finding growth elusive.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b503181/mf.gif' border='0'/><div cl.....
Italian PM Enrico Letta urges move from austerity to growth
Italy's new Prime Minister Enrico Letta pledged to push for a change to the European Union's focus on austerity and pursue growth and jobs in an inaugural speech on Monday laying out the priorities for his coalition government.<img width='1' heigh.....
British smartphone app Shazam appoints American CEO for IPO
Rich Riley, a former senior Yahoo! executive, takes the helm to court TV television advertising industry.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b504bdc/mf.gif' border='0'/><div class='mf-viral'>.....
Rentokil Initial sells City Link for 1
Rentokil Initial has sold its "problem child" City Link parcels business for a nominal sum of 1 to Jon Moulton's private equity group, Better Capital, following five turbulent years of losses.<img width='1' height='1' src='http://telegraph.feedspo.....
Business news and markets: as it happened - April 29, 2013
Italy's new Prime Minister Enrico Letta has warned that the country will "die of fiscal consolidation alone", as he presented his reforms to parliament for the first time since taking power, with the focus now on immediately reviving the economy.<.....
Business news and markets: live
Italy's new Prime Minister Enrico Letta has warned that the country will "die of fiscal consolidation alone", as he presented his reforms to parliament for the first time since taking power, with the focus now on immediately reviving the economy.<.....
S&P sees deepening house slump in Spain, France and Holland
Spanish house prices are to fall a further 13pc by the end of next year as the authorities flood the market with a backlog of repossessed properties, Standard and Poor's has warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
Alfredo Saenz to collect 74m on stepping down from Santander
Alfredo Saenz, chief executive of Santander, will collect 88m (74m) in a lump sum from Spain's biggest bank after quitting amid fresh questions about a four-year-old criminal conviction.<img width='1' height='1' src='http://telegraph.feedsportal.c.....
One in five over-55s wants to downsize
Homeowners plan to move to smaller homes over the next five years due to unaffordable property running costs.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4f650e/mf.gif' border='0'/><div class='mf-viral.....
BP rapped for serious safety breaches that risked lives in North Sea leak
Oil and gas leak could have killed North Sea workers, Norwegian regulator finds.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4f745d/mf.gif' border='0'/><div class='mf-viral'><table border='0'>.....
George Osborne unveils tax breaks for creative industries
Britain is the place to create hit shows and animations, Chancellor George Osborne says as he launches tax relief for the creative industries,<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4e33b7/mf.gif' borde.....
How well do you know your banknotes?
Day-in, day-out you deal with them - hand them over shop counters, retrieve them from the washing machine, marvel at getting crisp new ones from the hole in the wall - but how well do you really know your banknotes? Can you name the historical figure.....
Alfredo Saenz resigns as Santander chief executive
Alfredo Saenz, who has been dogged for years by a criminal conviction relating to a debt-recovery case, has resigned as chief executive of Santander, the Spanish bank.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
New build house prices rise by 12pc
New build house prices have risen at a faster rate over the last five years than property prices generally, according to Halifax.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4d434f/mf.gif' border='0'/><.....
Cost of austerity measures is poor health
Recession-driven austerity measures aren't just bad for your wealth - they're harming your health, according to Oxford and Stanford study on after-effects of the financial crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....
O2 and BT make new links with 4G deal
O2 will pay BT hundreds of millions of pounds to bolster its network for 4G.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4c2788/mf.gif' border='0'/><div class='mf-viral'><table border='0'><.....
Sunday, 28 April 2013
UK Financial News on 2013-04-28
Rich elderly 'should shun benefits'
Wealthy elderly people who do not need benefit payments to help with fuel bills or free travel should voluntarily give the money back, Iain Duncan Smith says......
Greek MPs vote through mass job cuts
The Greek parliament approves 15,000 civil service layoffs in return for more EU/IMF bailout money, as hundreds protest in the streets outside......
Google acquires news stream Wavii
Google acquires Wavii, a service that offer customised news streams to users, for roughly $30m (18m) in cash......
Ban zero hours contracts - Burnham
Labour leader Ed Miliband should promise to outlaw "zero hours contracts," says shadow cabinet minister Andy Burnham......
First Dreamliner flight lands safely
An Ethiopian Airlines 787 Dreamliner flies from Addis Ababa to Nairobi, the first commercial flight by the Boeing aircraft since all 787s were grounded in January......
Welby raps City 'entitlement' ethos
The City of London has been affected by a "culture of entitlement", the new Archbishop of Canterbury Justin Welby says......
VIDEO: Inside India's newest theme park
India's first major theme park has recently opened in Khopoli - but what challenges does it face and are India's consumers ready?.....
VIDEO: Your Money: The big benefits shake up
In this week's Your Money, Declan Curry looks at how changes to the benefits system will change household income and how you could get more for your money by lending cash directly to companies......
VIDEO: Trouble brewing in Israel beer industry
The growth of micro-breweries in Israel is under threat by the introduction of a new beer tax announced this week......
How to eat healthily on 1 a day
Can you manage a balanced and healthy diet on less than a bus fare per day?.....
Chat apps mount challenge to Facebook
Asia's chap apps set their sights on global success.....
The waiting is over as new government takes over in Italy
April 28 - With pomp and ceremony a new Italian government is sworn in more than two months after the election. Deborah Lutterbeck reports......
Japan tests Dreamliner after ban
April 28 - Japan's All Nippon Airways tests its first Boeing 787 Dreamliner since overheating batteries forced the fleet grounded worldwide. Lindsey Parietti reports......
Boeing says 787 planes safe
April 27 - Representatives from aircraft manufacturer Boeing say the Dreamliner 787s are flight ready after being grounded for months due to overheating batteries. Jessica Gray reports......
F1 shakes up prize money as prepares for 6.5bn float
Private equity firm CVC Capital Partners has begun preparations to float Formula One on the Singapore stock market by the end of this year in a move expected to value the motor sport series at more than $10bn.<img width='1' height='1' src='http://.....
RBS investment arm 'its key weakness'
Royal Bank of Scotland's scandal-hit investment bank has become the main source of weakness ahead of the taxpayer-backed lender's announcement this week of its financial results for the first three months of the year.<img width='1' height='1' src=.....
Argos squares up for Amazon battle
After a slump in sales that has prompted questions about its relevance on the modern high street, Argos is fighting back.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4720db/mf.gif' border='0'/><div cla.....
Bank of Cyprus executes depositor bail-in
Cypriot lender Bank of Cyprus on Sunday converted 37.5pc of uninsured deposits to equity as part of the island's 10bn (8.4bn) rescue deal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4737d4/mf.gif' border='0.....
Rights-for-shares scheme is wrong, but Government forced it through
Last week, the Government eventually got its way, and the controversial rights for shares scheme was passed by Parliament.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4737d5/mf.gif' border='0'/><div cl.....
Do not be deceived by full cinemas, the popcorn effect strikes us all
As we now know, in the first quarter of this year, the UK economy defied the gloomsters and expanded by 0.3pc. So everything's all right, then? Not quite.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b47354c/m.....
Ask John: You don't have to spell 'cobbler' to be skilful at mending shoes
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/2b46dddf/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td.....
Rethink listing rules after ENRC, says top shareholder
The Government must re-draw UK listing rules to stop foreign firms with lapsed controls being presented as premium stocks, a leading shareholder warns, as fresh details emerged of the crisis at miner ENRC.<img width='1' height='1' src='http://tele.....
Metro Bank boss urges business loan overhaul
Vernon Hill, the boss of Metro Bank, has called for the Government to overhaul the Enterprise Finance Guarantee scheme as the "only way" to get vital lending to small firms.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....
Commodities: Copper loses its sheen as over-supply puts market bears in driving seat
Copper prices have slumped almost 10pc this year, lead is down 11pc, nickel is off 10pc and aluminium has fallen more than 6pc. The recent slump in commodity prices has been acute and broad-based - can things get any worse?<img width='1' height='1.....
Monday Interview: All-American shake-up comes to UK banking
Metro lacks only the cheerleaders, reports Louise Armitstead.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b45f4b8/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td va.....
Week ahead in business and economics: April 29 - May 3
Lloyds and RBS: Only one state-backed bank is set for a 1bn Q1 profit.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b45f4ba/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr>.....
Sainsbury's chief denies he is quitting
Sainsbury's boss Justin King has been forced to deny he is quitting the supermarket following reports it has lined up headhunters to seek his replacement.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b45f27e/m.....
Hedge fund builds major stake in engineer Invensys
ValueAct Capital, an activist hedge fund, has built a major stake in Invensys, the British engineering firm that has long been the subject of takeover talk.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b45a2ea.....
Google buys news stream startup Wavii
Google has bought a start-up, that provides customised online news streams, for an estimated $30m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b448f5b/mf.gif' border='0'/><div class='mf-viral'><ta.....
Best buys on French mortgages drop to 3pc
Brokers are reporting more British buyers as borrowing costs tumble on 20-year fixed rate mortgages across the Channel. But is it a good time to buy?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b42842f/mf.gif.....
Retire at 30, and 75: The new reverse retirement
Ed Hawkins has "retired" temporarily at 33. There's good reason why he'll be the first of many, says Andrew Oxlade.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b428430/mf.gif' border='0'/><div class='mf.....
Questor share tip: Hold AB Foods after Primark boost
Associated British Foods shares are a hold, says Questor, despite Primark growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b427cc9/mf.gif' border='0'/><div class='mf-viral'><table border='0'>.....
Michael Praed: 'There is nothing I like about dealing with money'
The former 'Dynasty' and 'Robin of Sherwood' actor tells Nick McGrath about his lavish tipping.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b427ccb/mf.gif' border='0'/><div class='mf-viral'><table.....
Profit alerts soar in mining sector
Profit warnings from mining companies, which have been hit by the recent slide in commodities prices, have jumped to their highest level in 13 years after mounting costs and industrial action eroded earnings.<img width='1' height='1' src='http://t.....
BP suffers as Gulf oil spill payouts continue
BP is expected to report a 30pc slump in profits for the first three months of 2013 after the oil major continued its asset sell-off to pay for the Gulf of Mexico disaster and exited Russian joint-venture TNK-BP.<img width='1' height='1' src='http.....
Waitrose seals deal to provide Eurostar food
Waitrose to provide food for Eurostar passengers in the grocer's first move into on-board catering.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b40cdd8/mf.gif' border='0'/><div class='mf-viral'><t.....
Lloyds boss plots path back to dividend
Lloyds Banking Group boss prepares to reveal the bank's net lending to UK businesses has increased for the first time since the global credit crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b40cdd9/mf.gif.....
Lloyds: Putting the black horse back on track
Despite a failed deal to sell 632 of its branches to Co-op, Lloyds' boss says he is on target to rebuild the lender .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b40cdda/mf.gif' border='0'/><div class='.....
Financial Transaction Tax 'may add to eurozone's debt woes'
The world's largest banks have warned European finance ministers that plans to impose a Financial Transactions Tax (FTT) could deepen the Continent's sovereign debt crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
Wealthy elderly people who do not need benefit payments to help with fuel bills or free travel should voluntarily give the money back, Iain Duncan Smith says......
Greek MPs vote through mass job cuts
The Greek parliament approves 15,000 civil service layoffs in return for more EU/IMF bailout money, as hundreds protest in the streets outside......
Google acquires news stream Wavii
Google acquires Wavii, a service that offer customised news streams to users, for roughly $30m (18m) in cash......
Ban zero hours contracts - Burnham
Labour leader Ed Miliband should promise to outlaw "zero hours contracts," says shadow cabinet minister Andy Burnham......
First Dreamliner flight lands safely
An Ethiopian Airlines 787 Dreamliner flies from Addis Ababa to Nairobi, the first commercial flight by the Boeing aircraft since all 787s were grounded in January......
Welby raps City 'entitlement' ethos
The City of London has been affected by a "culture of entitlement", the new Archbishop of Canterbury Justin Welby says......
VIDEO: Inside India's newest theme park
India's first major theme park has recently opened in Khopoli - but what challenges does it face and are India's consumers ready?.....
VIDEO: Your Money: The big benefits shake up
In this week's Your Money, Declan Curry looks at how changes to the benefits system will change household income and how you could get more for your money by lending cash directly to companies......
VIDEO: Trouble brewing in Israel beer industry
The growth of micro-breweries in Israel is under threat by the introduction of a new beer tax announced this week......
How to eat healthily on 1 a day
Can you manage a balanced and healthy diet on less than a bus fare per day?.....
Chat apps mount challenge to Facebook
Asia's chap apps set their sights on global success.....
The waiting is over as new government takes over in Italy
April 28 - With pomp and ceremony a new Italian government is sworn in more than two months after the election. Deborah Lutterbeck reports......
Japan tests Dreamliner after ban
April 28 - Japan's All Nippon Airways tests its first Boeing 787 Dreamliner since overheating batteries forced the fleet grounded worldwide. Lindsey Parietti reports......
Boeing says 787 planes safe
April 27 - Representatives from aircraft manufacturer Boeing say the Dreamliner 787s are flight ready after being grounded for months due to overheating batteries. Jessica Gray reports......
F1 shakes up prize money as prepares for 6.5bn float
Private equity firm CVC Capital Partners has begun preparations to float Formula One on the Singapore stock market by the end of this year in a move expected to value the motor sport series at more than $10bn.<img width='1' height='1' src='http://.....
RBS investment arm 'its key weakness'
Royal Bank of Scotland's scandal-hit investment bank has become the main source of weakness ahead of the taxpayer-backed lender's announcement this week of its financial results for the first three months of the year.<img width='1' height='1' src=.....
Argos squares up for Amazon battle
After a slump in sales that has prompted questions about its relevance on the modern high street, Argos is fighting back.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4720db/mf.gif' border='0'/><div cla.....
Bank of Cyprus executes depositor bail-in
Cypriot lender Bank of Cyprus on Sunday converted 37.5pc of uninsured deposits to equity as part of the island's 10bn (8.4bn) rescue deal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4737d4/mf.gif' border='0.....
Rights-for-shares scheme is wrong, but Government forced it through
Last week, the Government eventually got its way, and the controversial rights for shares scheme was passed by Parliament.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b4737d5/mf.gif' border='0'/><div cl.....
Do not be deceived by full cinemas, the popcorn effect strikes us all
As we now know, in the first quarter of this year, the UK economy defied the gloomsters and expanded by 0.3pc. So everything's all right, then? Not quite.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b47354c/m.....
Ask John: You don't have to spell 'cobbler' to be skilful at mending shoes
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/2b46dddf/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td.....
Rethink listing rules after ENRC, says top shareholder
The Government must re-draw UK listing rules to stop foreign firms with lapsed controls being presented as premium stocks, a leading shareholder warns, as fresh details emerged of the crisis at miner ENRC.<img width='1' height='1' src='http://tele.....
Metro Bank boss urges business loan overhaul
Vernon Hill, the boss of Metro Bank, has called for the Government to overhaul the Enterprise Finance Guarantee scheme as the "only way" to get vital lending to small firms.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....
Commodities: Copper loses its sheen as over-supply puts market bears in driving seat
Copper prices have slumped almost 10pc this year, lead is down 11pc, nickel is off 10pc and aluminium has fallen more than 6pc. The recent slump in commodity prices has been acute and broad-based - can things get any worse?<img width='1' height='1.....
Monday Interview: All-American shake-up comes to UK banking
Metro lacks only the cheerleaders, reports Louise Armitstead.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b45f4b8/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td va.....
Week ahead in business and economics: April 29 - May 3
Lloyds and RBS: Only one state-backed bank is set for a 1bn Q1 profit.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b45f4ba/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr>.....
Sainsbury's chief denies he is quitting
Sainsbury's boss Justin King has been forced to deny he is quitting the supermarket following reports it has lined up headhunters to seek his replacement.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b45f27e/m.....
Hedge fund builds major stake in engineer Invensys
ValueAct Capital, an activist hedge fund, has built a major stake in Invensys, the British engineering firm that has long been the subject of takeover talk.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b45a2ea.....
Google buys news stream startup Wavii
Google has bought a start-up, that provides customised online news streams, for an estimated $30m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b448f5b/mf.gif' border='0'/><div class='mf-viral'><ta.....
Best buys on French mortgages drop to 3pc
Brokers are reporting more British buyers as borrowing costs tumble on 20-year fixed rate mortgages across the Channel. But is it a good time to buy?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b42842f/mf.gif.....
Retire at 30, and 75: The new reverse retirement
Ed Hawkins has "retired" temporarily at 33. There's good reason why he'll be the first of many, says Andrew Oxlade.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b428430/mf.gif' border='0'/><div class='mf.....
Questor share tip: Hold AB Foods after Primark boost
Associated British Foods shares are a hold, says Questor, despite Primark growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b427cc9/mf.gif' border='0'/><div class='mf-viral'><table border='0'>.....
Michael Praed: 'There is nothing I like about dealing with money'
The former 'Dynasty' and 'Robin of Sherwood' actor tells Nick McGrath about his lavish tipping.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b427ccb/mf.gif' border='0'/><div class='mf-viral'><table.....
Profit alerts soar in mining sector
Profit warnings from mining companies, which have been hit by the recent slide in commodities prices, have jumped to their highest level in 13 years after mounting costs and industrial action eroded earnings.<img width='1' height='1' src='http://t.....
BP suffers as Gulf oil spill payouts continue
BP is expected to report a 30pc slump in profits for the first three months of 2013 after the oil major continued its asset sell-off to pay for the Gulf of Mexico disaster and exited Russian joint-venture TNK-BP.<img width='1' height='1' src='http.....
Waitrose seals deal to provide Eurostar food
Waitrose to provide food for Eurostar passengers in the grocer's first move into on-board catering.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b40cdd8/mf.gif' border='0'/><div class='mf-viral'><t.....
Lloyds boss plots path back to dividend
Lloyds Banking Group boss prepares to reveal the bank's net lending to UK businesses has increased for the first time since the global credit crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b40cdd9/mf.gif.....
Lloyds: Putting the black horse back on track
Despite a failed deal to sell 632 of its branches to Co-op, Lloyds' boss says he is on target to rebuild the lender .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2b40cdda/mf.gif' border='0'/><div class='.....
Financial Transaction Tax 'may add to eurozone's debt woes'
The world's largest banks have warned European finance ministers that plans to impose a Financial Transactions Tax (FTT) could deepen the Continent's sovereign debt crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
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