Search This Blog

Sunday 7 April 2013

UK Financial News on 2013-04-07

Cable considers HBOS bankers action
Vince Cable launches moves which could lead to three former HBOS directors being banned from serving as company bosses......

Unions in talks over general strike
The union that represents government workers says it is in talks on holding a general strike as it vowed to "fight back" on spending cuts......

Luxembourg 'considers' open banking
Luxembourg would consider greater transparency of its banking sector to help curb tax evasion, the finance minister tells a German newspaper......

Labour links welfare to contribution
Labour wants to "strengthen the old principle of contribution" in the benefits system, the shadow work and pensions secretary says......

Tax changes will 'make work pay'
Chief Secretary to the Treasury Danny Alexander says income tax changes that have come into effect will help make work pay......

Bad weather hits British wheat crops
Britain will become a net importer of wheat for the first time in a decade this year because of bad weather, the National Farmers' Union says......

VIDEO: Controversial tax changes explained
Simon Clemison gives a summary of the controversial tax changes that have come into effect......

VIDEO: Bumpy ride for new airlines in India?
A number of airlines are looking to take advantage of the market for domestic flights in India, but will their new ventures take off?.....

VIDEO: Washing cars without water in Dubai
Middle East Business report met two brothers who have shaken up the car-washing business in Dubai by doing away with the most obvious ingredient - water......

VIDEO: Patent dilemma for India drugs firms
India introduced a new patent law in 2005, under which several multinational pharmaceutical firms have been denied protection for their medicines......

VIDEO: Your Money: Excessive card charges
This week on Your Money, Declan Curry looks at the ban on excessive credit card surcharges and the changes at the start of the new tax year.....

VIDEO: Carpet firm rescued by consortium
Axminster Carpets will begin trading again on Monday after a deal was made to save the company and secure about 100 jobs.....

AUDIO: Danny Alexander: Wealthy are paying more
Chief secretary to the treasury says tax changes introduced by the coalition mean that "the wealthy are paying more in every year of this government than the did during entire period Labour was in government"......

Intelligent wardrobes open the door to elderly independence
April 7 - Engineers in Munich are developing an 'intelligent' wardrobe to assist elderly people in their day-to-day lives. Called 'Lisa', the wardrobe can help with routine daily tasks, while also assisting with more complex jobs like medical check-u.....

Dreamliner test flight success
April 6 - Boeing's Dreamliner completes a test flight bringing the airliner another step closer to getting back in the skies. Paul Chapman reports......

Aintree upset Auroras Encore costs bookie 50,000
A 66/1 "skinner" in the Grand National put an estimated 50m into UK bookmaker's satchels - but one bookie still contrived to lose 50,000 on the unlikely victory of Auroras Encore.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

BT Openreach chief calls the shots on fibre broadband for 14m homes
BT Openreach CEO Liv Garfield is aiming to deliver a 2.5bn communications revolution 18 months ahead of schedule.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a706117/mf.gif' border='0'/><br/><br/&.....

BT chief hits out at 'copper luddites' who hold back UK
The chief executive of BT has hit back against critics of his 2.5bn fibre broadband roll-out, calling Sir Charles Dunstone and others "copper Luddites" who just want to "hobble the UK economy for their own commercial reasons".<img width='1' height.....

Tesco faces 1bn writedown to quit America
Tesco is facing a bill of about 1bn to quit its loss-making Fresh & Easy business in the US.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a70611e/mf.gif' border='0'/><br/><br/><a href="ht.....

Virgin CEO: little Red's long-haul links 'should help it fly'
The new boss of Virgin Atlantic has said its new domestic service, Little Red, will succeed on domestic routes where BMI struggled thanks to its links to a long-haul network.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

Four ways to succeed in selling your British brand to Beijing
Last year, the dairy producer Bright Foods, China's second biggest food and drink conglomerate, bought a 60pc stake in Weetabix.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6fabc8/mf.gif' border='0'/><.....

New watchdog's chairman urged to resign over auditors' role in HBOS debacle
John Griffiths-Jones, chairman of the Financial Conduct Authority, has become the latest senior figure to face calls to resign over the fall of HBOS.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6fabc9/mf.gif.....

Nick Leeson lands new role as insolvency expert
He is, as his new employer puts it, the man "famed for his role in the collapse of Barings Bank".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6fabca/mf.gif' border='0'/><br/><br/><a href="h.....

Timpson plans 100 more stores at supermarkets
Timpson, the cobbler and key cutter, has announced plans to open another 100 branches in the UK by taking up more space inside supermarkets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6fabcb/mf.gif' border=.....

Egg tycoon to share company sale windfall
The Conservative donor and egg tycoon Peter Dean is to share a 230m cash windfall from the potential sale of his company Noble Foods.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6fabcd/mf.gif' border='0'/>.....

Eurozone faces new challenge as Portugal blocks cuts
The eurozone crisis threatens to flare up again this week after Portugal's constitutional court blocked the country's planned austerity programme.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6f9f6e/mf.gif' b.....

Sales accelerate for online tyre retailer backed by Sir Terry Leahy
Blackcircles.com, an online tyre retailer backed by former Tesco boss Sir Terry Leahy, has reported a surge in revenues.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6f9b0c/mf.gif' border='0'/><br/>&.....

Bidders lining up for David Lloyd
David Lloyd, the gym chain partly owned by Lloyds Banking Group, will receive first round bids this week valuing the company at 900m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6f9b0d/mf.gif' border='0'/>.....

Past lessons that helped the economy grow are at risk of being forgotten
The central lesson of macroeconomics of the past 40 years has been that low interest rates and deficit financing cannot increase the medium-term growth rate of economies, but if used to excess can lower it. That is a lesson we are at risk of forgetti.....

Bear market for gold still gleams tantalisingly thanks to money-printing
Gold is once again flirting with a bear market. But could the latest wall of stimulus save the day for embattled gold bugs?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6ee0ac/mf.gif' border='0'/><br/&g.....

Week ahead in business and economics: April 8-12
Pressure on Marks & Spencer is likely to intensify when the company delivers another underwhelming trading update.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6ee0ad/mf.gif' border='0'/><br/><.....

John Timpson: just how much is too much work?
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/2a6ee0ae/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/16267.....

Christine Lagarde: BoJ was right to launch monetary blitz
Christine Lagarde has praised Japan's latest attempt to banish deflation by pumping trillions more yen into the economy as a "welcome step" in supporting global growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....

Vince Cable explores boardroom ban for former HBOS bosses
Vince Cable, the Business Secretary, has called for an investigation into whether three former bosses of HBOS should be banned from serving as company directors.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6.....

Women at the top table
FTSE 100 firms must cast the net wider to recruit female executives, according to a new report.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6b7a4c/mf.gif' border='0'/><br/><br/><a href="htt.....

Standing up for small business
Starting a business is usually an all-consuming affair. The received wisdom says that evenings, weekends, partners and children must all be sacrificed in the early days if a start-up is going to have a fighting chance of survival.<img width='1' he.....

Slowdown in women joining boards
The percentage of board appointments going to women has "come right down" in the past six months, suggesting the drive to raise equality at the top of Britain's biggest companies is losing momentum, an official report is expected to show this week.&l.....

Sponsorship can level the playing field for women
In 2015, the women's Boat Race between Oxford and Cambridge will take place on the same day, over the same 6.8km course as the world-famous (men's) Boat Race - for the first time ever.<img width='1' height='1' src='http://telegraph.feedsportal.com.....

Will Greenwood: I only earned 110,000 a year
Former rugby international Will Greenwood discloses his annual wage: "Manchester City's Yaya Tour earns twice that in a week."<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2a6b7270/mf.gif' border='0'/><br.....

Dashwood: Picture of Anthony Salz and HBOS chairman Lord Stevenson tells a thousand words
Ah, for happier times. Dashwood is delighted to reveal that seasoned lawyer and last week's Barclays-basher-in-chief, Anthony Salz, shares an artistic history with one Lord Stevenson<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....