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Sunday 21 April 2013

UK Financial News on 2013-04-21

Osborne to extend lending scheme
George Osborne is set to boost lending to small businesses as he faces growing pressure over his austerity policies......

Lufthansa in 'massive' cancellations
German airline Lufthansa cancels the majority of its flights scheduled for Monday due to a strike......

Russian tycoon top of rich list
Tycoon and Arsenal FC shareholder Alisher Usmanov tops the Sunday Times list of the wealthiest people in Britain and Ireland with a 13.3bn fortune......

Darling urges spending caution
Former Chancellor Alistair Darling urges Labour not to commit to future spending plans until it knows the government's own position......

Treasury dismisses SNP currency plan
UK Chancellor George Osborne believes the SNP "are tying themselves in knots" over plans to retain the pound in the event of a yes to independence......

UK in legal challenge to FTT tax
The UK government launches a legal challenge at the European Court of Justice against plans for a European financial transactions tax (FTT)......

London minicab firm sold for 300m
London minicab firm Addison Lee, which started with one car in 1975, is sold to the Carlyle Group for 300m......

Stonehenge general manager sought
A general manager is being sought by English Heritage to look after prehistoric monument Stonehenge, with duties including liaising with druid leaders......

VIDEO: Your Money: Travel tips and pension pots
In this week's Your Money, Declan Curry looks at how to avoid fraudulent travel deals, sprucing up your garden on a budget and making the most of your pension pot......

VIDEO: Economic ties that bind UK and UAE
The UK has long-established ties with many Gulf states, but never has the economic link been them been so important......

VIDEO: MPs voice mortgage scheme concerns
George Osborne's flagship scheme to boost the housing market may not help first-time buyers and could cost the Treasury large sums, MPs have warned......

The peril of 'showrooming'
Can shops do anything about 'showrooming'?.....

New implant brings high hopes for back pain relief
April 21 - A new spinal implant developed in Israel, has radically improved the life of at least one patient who, four years ago, believed he would spend his twilight years in constant pain. Seventy-nine-year-old Moshav farmer Yehuda Schwartz suffere.....

Let's build a new social contract to link the public and private sectors
There has always been a level of unease surrounding the relationship between the public and private sectors.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afd74e7/mf.gif' border='0'/><div class='mf-viral'.....

Japan's car makers try to win back buyers at Shanghai show
Japanese carmakers promised Chinese designs and green technology as this year's Shanghai Auto Show got under way, trying to revive sales that crumpled during a territorial dispute last year.<img width='1' height='1' src='http://telegraph.feedsport.....

Horlick's Rockpool builds profile
The new venture from Nicola Horlick, the one-time City "superwoman", is entering the UK's construction market for the first time.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afd74e9/mf.gif' border='0'/><.....

Super-rich taxed 220m more
The taxman collected an extra 220m from Britain's super-rich last year, thanks to a new taskforce set up to pursue high-earning tax avoiders.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afd74eb/mf.gif' border.....

Lloyds puts brakes on F1 venture after 46.3m loss
Lloyds Banking Group has sold its 25.3pc stake in the Marussia Formula One team after it made huge losses and failed to perform on the track.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afd74ea/mf.gif' border.....

Salaries 'rise 10pc' for scarce nuclear clean-up engineers
Salaries in the nuclear industry rose by 10pc last year amid fierce competition for engineers to carry out a 7bn decommissioning programme at 12 sites around Britain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....

High euro is crippling growth, says Oleg Deripaska
The euro is trading at an inexplicably high rate to the dollar, preventing eurozone nations from finding growth, says Russian billionaire Oleg Deripaska.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afd74ec/mf.....

Royal seal of approval for 150 companies
More than 150 companies win a Queen's Award for Enterprise.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afd74ee/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td vali.....

Focus on commodity prices, not on the sideshow of GDP figures
Thursday will see publication of an economic indicator of unusual significance, at least for political comment and popular discussion - the GDP figures for the first quarter of this year.<img width='1' height='1' src='http://telegraph.feedsportal......

Traders and fund managers swap the City for the slopes ... and keep working
Ski resorts such as Chamonix and Verbier are becoming centres for financial services .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afd74f1/mf.gif' border='0'/><div class='mf-viral'><table border='.....

A sitter for Miliband, but he still can't score
Labour lacks a plan, as shown by its failure to capitalise on Osborne's current misfortunes, says Jeff Randall<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afd74f2/mf.gif' border='0'/><div class='mf-vira.....

Ask John: Have a heart when it comes to job cuts
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/2afcd19c/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td.....

Falling gold price is an opportunity, says Randgold boss
Further falls in the gold price would provide an opportunity to snap up exploration assets cheaply, according to the head of the FTSE 100's largest gold miner.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afcd.....

From Volkas to VWs: oligarch's drive to make Russian cars world beaters
Russia's 16th richest man Oleg Deripaska tells Andrew Cave his country will be judged by its automotive sector .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afcd19e/mf.gif' border='0'/><div class='mf-vi.....

Commodities: Gem Diamonds carves out brighter prospects by cutting its own stones
Around 70pc of the world's diamonds pass through just three streets in the Belgian city of Antwerp.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afcd19f/mf.gif' border='0'/><div class='mf-viral'><t.....

We can't afford to ignore our dynamic friends in the East
The Gulf is booming, its people love Britain and they want to invest here. Let's encourage them, writes Boris Johnson<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afcbcac/mf.gif' border='0'/><div class='.....

Bernanke to miss Jackson Hole
Ben Bernanke will be the first Federal Reserve chairman not to attend Jackson Hole in 25 years<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afcbe41/mf.gif' border='0'/><div class='mf-viral'><table .....

King of Soho Paul Raymond's 21-year-old granddaughter is youngest of Britain's 1,000 richest people
The granddaughter of the late Soho pornographer and property magnate Paul Raymond is the youngest person among Britain's 1,000 richest men and women.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afbedbc/mf.gif.....

Week ahead in business and economics: April 22-26
Primark looks set to fashion profits boost for Associated British Foods , while Barclays Bank steps up to the plate to report first-quarter earnings .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afb2beb/mf.gi.....

World Bank sets goal of eliminating extreme poverty by 2030
President Jim Yong Kim says it is "an historic moment" as the World Bank pledged to eliminate extreme poverty by 2030.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2afa7bb0/mf.gif' border='0'/><div class=.....

Blackstone founder's Rhodes-style China scholarship
Stephen Schwarzman spearheading a drive to create an elite international education programme in China.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2af9cb2a/mf.gif' border='0'/><div class='mf-viral'>&l.....

Sunday Times Rich List: Alisher Usmanov is Britain's wealthiest man
Russian industrialist with 30pc stake in Arsenal named Britain's wealthiest man in annual rich list.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2af84f4a/mf.gif' border='0'/><div class='mf-viral'><.....

Buying an annuity: when doing it yourself costs more than getting expert advice
New online service charges fees of up to 3.5pc and doesn't offer individual advice.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2af86f4a/mf.gif' border='0'/><div class='mf-viral'><table border='0'&.....

Private investors need their 'Thatcher bonds' back, Mr Osborne
Inflation is a disaster for savers - the Government could at least bring back the one antidote.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2af84496/mf.gif' border='0'/><div class='mf-viral'><table.....

Questor share tip: A bad year comes to an end for Tesco
A bad year comes to an end for Tesco. Buy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2af8669c/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td valign='middle'>&l.....