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Sunday 14 April 2013

UK Financial News on 2013-04-14

Bank complaint handling criticised
One-fifth of complaints to banks about current accounts are not being cleared up to the satisfaction of customers, says consumer group Which?.....

'Clamp down on letting agents' call
More must be done to help clamp down on rogue letting agents, industry experts and disgruntled tenants have told the BBC......

McCluskey re-elected as Unite leader
The general secretary of the UK's biggest trade union is re-elected for another five-year term of office......

Scotland's debt 'could be lower'
The Scottish government is proposing an independent Scotland could take on a public sector debt burden at just over half of the rate faced by the whole UK......

VIDEO: Banks 'not handling complaints well'
One-fifth of complaints to banks about current accounts are not being cleared up to the satisfaction of customers, according to consumer group Which?.....

VIDEO: Airbus to trim plane window seat size
Airbus plans to reduce the size of its window seats to make room for wider ones in the aisles......

VIDEO: Your Money: DIY home sales and pensions
In this week's Your Money, Declan Curry looks at the OFT's investigation into free online games that charge for extras, DIY house-selling and how to avoid losing track of all your work pensions......

VIDEO: Supermarket brands 'causing confusion'
Some supermarket own-brands are so similar in looks to some household names, they are confusing customers, according to consumer group Which?.....

VIDEO: Interest free loans for Kuwaitis
The Kuwaiti government has announced it will pay off $2.6bn to settle bank loans owed by about 48,000 Kuwaitis......

Ex-Apple stores chief loses his shine as JC Penney goes back to basics
The US department store had a tumultuous 17 months under ousted boss Ron Johnson. Richard Blackden reports.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab6081c/mf.gif' border='0'/><div class='mf-viral'&.....

Pubs, hairdressers and oil rigs: the unlikely music saviours
More businesses turn to pop to keep the cash ringing in their tills.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab6081d/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr>&l.....

Selfridges demands fees from suppliers for early payment
Selfridges has been criticised for placing its suppliers between "a rock and a hard place" by forcing them to pay a fee simply to have their invoices settled.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab608.....

Glencore likely to sell off assets ahead of merger
Commodities giant Glencore, which is seeking the green light from China for its merger with miner Xstrata, is expected to agree to measures that would placate Chinese authorities and pave the way for the completion of the $32bn (21bn) deal.<img wi.....

Carpet pioneer Axminster rolls out new look after local rescue deal
Traditional Devon weaving company left floored by administration is saved by consortium, writes Emma Rowley .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab57458/mf.gif' border='0'/><div class='mf-viral.....

Wealth tax to pay for EU bail-outs
Wealthy households would face new taxes on property and other assets under German plans to prop up the struggling eurozone.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab5745a/mf.gif' border='0'/><div c.....

French rebrand Calais in new cross-Channel trade battle
French authorities try a new tack to dominate cross-Channel trade.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab5607a/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><.....

Cold comfort as profits at Debenhams hit by snow
The department store chain Debenhams will highlight the impact on the high street from the cold start to 2013 when it reports a drop in profits later this week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab5.....

Hitachi reluctant about UK nuclear reactor plan
The Japanese group Hitachi is increasingly reluctant to build Britain's next wave of nuclear reactors and may pull out of its deal with the Government unless terms are improved.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

Japan industry revival threatens UK nuclear reactor plan
The Japanese group Hitachi is increasingly reluctant to build Britain's next waive of nuclear reactors and may pull out of its deal with the Government unless terms are improved, with devastating effects on UK energy policy.<img width='1' height='.....

Prepare for new horizons to open up as 4G mobile technology speeds in
O2 chief operating officer Derek McManus urges providers to unleash the enormous potential of 4G<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab55d18/mf.gif' border='0'/><div class='mf-viral'><tabl.....

Thatcher set the ball rolling, it is up to others to ensure legacy is not wasted
Fulsome tributes have been paid to Baroness Thatcher. One of the strongest was the assertion that she saved Britain from economic collapse or, at the very least, continued economic decline. Is this justified?<img width='1' height='1' src='http://t.....

Cyprus offers passport to big foreign investors
Cyprus will relax requirements for citizenship, including for bank depositors who lost large amounts of money in the deal with the EU and IMF, in an effort to keep foreigners interested in investing in the island.<img width='1' height='1' src='htt.....

German 'Wise Men' push for wealth seizure to fund EMU bail-outs
Two top advisers to German Chancellor Angela Merkel have called for a tax on private wealth and property in eurozone debtor states to force the rich to fund rescue costs, marking a radical new departure for EMU crisis strategy.<img width='1' heigh.....

Financial crisis caused by too many bankers taking cocaine, says former drugs tsar
David Nutt, the former Government drugs tsar sacked after claiming that horse riding was as safe as taking ecstasy, has said that the banking crisis was caused by too many workers taking cocaine.<img width='1' height='1' src='http://telegraph.feed.....

IMF to trim global growth projection
The International Monetary Fund is expected to release a gloomier picture of the world economy this week, by trimming its forecast for global growth this year by 0.1pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....

Dashwood: Bob Diamond to give food for thought at his City comeback
Fancy a dinner date with Bob Diamond to chew over what went wrong at Barclays? It's in the diary.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab12b79/mf.gif' border='0'/><div class='mf-viral'><tab.....

25pc of UK bank customers experience problems with accounts
A quarter of UK bank customers have experienced problems with their account in the past 12 months, according to a survey by consumer group Which?.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab3d426/mf.gif' b.....

25pc of UK bank customers experience problems
A quarter of UK bank customers have experienced problems with their account in the past 12 months, according to a survey by consumer group Which?.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab0fe6a/mf.gif' b.....

Time to try a new bank?
The Post Office is the latest to challenge the big four. What do the alternative banks offer?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab0fe6b/mf.gif' border='0'/><div class='mf-viral'><table b.....

Time is running out for tax evaders
Amnesty for offshore savers ends soon. We look at the penalties, and arrangements with some of the most used offshore locations.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab0fe6c/mf.gif' border='0'/><.....

How venture capital can boost growth
The Network: Simon Clarke, new chairman of the BVCA, tells James Hurley how the UK's technology boom can grow with investors' help<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab06ef7/mf.gif' border='0'/>&l.....

Housing market set to return to pre-crash levels
Britain is poised for a housing market revival as the market gives its strongest performance since the crash, according to a leading economic forecaster.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab06ef6/mf.....

Questor share tip: Aggreko to power ahead as global demand grows
When shares in temporary power group Aggreko slumped in December, after the company issued what was interpreted as a gloomy 2013 outlook, Questor said it presented a buying opportunity. This has proved to be the case.<img width='1' height='1' src=.....

Questor share tip: Marks & Spencer is a hold
Marks & Spencer's better-than-expected first-quarter update is certainly a cause for optimism but there is still much more to do.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ab06ef9/mf.gif' border='0'/>.....