Policing of payday lenders 'timid'
The Office of Fair Trading has been "ineffective and timid" in tackling rogue payday and door-to-door lenders, MPs say, but the regulator has defended its work......
Increase in illegal fuel 'garages'
There has been a big increase in the number of "pop-up garages" selling illegal fuel in the UK, according to figures from HM Revenue and Customs......
Eurozone unemployment at new record
The unemployment rate in the eurozone reached a new record high of 12.2% in April, with 19.38 million people now out of work......
Ex-MI5 chief joins board of HSBC
The former director-general of MI5 will join HSBC's board, months after the bank was fined $2bn (1.3bn) in the US over money laundering and violating sanctions.....
Business group upgrades UK forecast
Business group the BCC upgrades its long-term growth forecasts for the UK economy over the next three years, but says challenges remain......
US consumer spending falls in April
US consumer spending falls 0.2% in April, the first drop in nearly a year, suggesting a slowdown in economic growth......
Dell board backs buyout offer
Dell's board backs an offer led by founder Michael Dell to take the company private, saying it is the "best alternative available"......
Lloyds raises 3.3bn in bond deal
Lloyds raises another 3.3bn through selling US mortgage bonds as it continues to strengthen reserves and focus on its main UK banking business......
Bank reports mortgage market lift
The number of mortgages approved for house purchases in the UK rises to a three-month high in April, Bank of England figures show......
Tui Travel to buy 60 Boeing aircraft
Tui Travel says it has agreed to buy 60 Boeing 737 MAX aircraft, with an option to buy a further 90 of the same model......
Renewed problems for NatWest app
Some users of the NatWest banking app say the system failed to load on Friday morning, but the bank says the app is now running as normal......
India's growth slowest in a decade
Latest GDP figures show that India's economy grew by 5% in the 2012-13 financial year, the slowest pace for a decade......
Lawson attacks EU financial tax plan
Former Chancellor of the Exchequer Lord Lawson has spoken out against the EU proposal for a financial transaction tax (FTT)......
Japan consumer prices fall 0.4%
Japan's consumer prices fell by 0.4% year-on-year in April, the sixth straight month of declines.....
Start button returns to Windows 8
The Start button is to return to Microsoft's Windows operating system's desktop mode, a move seen by some as a major design backtrack by the firm......
UK housing market 'gaining momentum'
UK house prices rose by 0.4% in May, according to the Nationwide, as the property market gradually gains momentum......
US GDP growth revised down slightly
The US economy grew at an annualised rate of 2.4% in the first three months of the year, official figures show, down slightly from the original estimate......
Chicago newspaper sacks photo staff
The entire photography staff at a historic Chicago tabloid newspaper and its suburban subsidiaries has been made redundant, the photographers say......
Employers fined over low wages
More than 26,000 workers who were allegedly underpaid receive 4m between them after investigations by HM Revenue and Customs, new figures show......
UK faces court over migrant benefits
Britain is being taken to the European Court of Justice for allegedly discriminating against EU nationals who claim social security in the UK......
Japan's Nikkei dives a further 5%
Japan's Nikkei index dives a further 5% on Thursday to hit a five-week low amid predictions of a bigger correction from some analysts......
Sochi Olympics a 'monstrous scam'
As much as $30bn (20bn) has been stolen in preparations for next year's Winter Olympics in Sochi, Russian opposition leaders claim......
Rangers chairman Smith urges unity
Rangers chairman Walter Smith urges board "unity" following weeks of in-fighting at Ibrox......
Jockey Club bond raises 24.7m
The Jockey Club says it has raised 24.7m for its Racecourse Bond, exceeding the company's expectations and its original target of 15m......
VIDEO: Hugh's review: House prices
What is happening to house prices? Hugh Pym has been testing the temperature of the market with Yolande Barnes of Savills and Matthew Pointon of Capital Economics......
VIDEO: Celebrity stylist's success story
Singapore celebrity hairstylist Addy Lee says his drive to be the best has been key to his commercial success......
VIDEO: Thomson upbeat as Dreamliner arrives
Thomson Airways will become the first UK airline to take delivery of Boeing's Dreamliner aircraft on Friday......
VIDEO: Can Greece stop its 'brain drain'?
The government in Greece says the worst of the country's debt crisis is over, but for many of the country's unemployed youth the effects are still being felt.....
VIDEO: Spanish firms push to boost exports
The economic outlook in Spain remains fragile, with unemployment high and continuing concerns about the wider eurozone......
VIDEO: 'Demand has definitely gone down'
India's economy has seen a sharp downturn over the past year, with the manufacturing sector being hit hard......
VIDEO: Policing of payday lenders 'timid'
A regulator has been "ineffective and timid" in tackling rogue payday and door-to-door lenders, MPs have said.....
AUDIO: Friday Boss: Nutmeg's Nick Hungerford
Nutmeg's Nick Hungerford explains the workings of his new online discretionary management service......
Struggling in Britain's poorest city
Living in the UK's poorest city.....
Failure toughens Rocky entrepreneurs
Why failure is no barrier to success in the US.....
Indians struggle with higher prices
Indians hit by higher prices and fewer jobs.....
How to become your own DIY PR consultant
The secret to doing your own PR and getting your app noticed.....
'Volatility' is in the air
May 31 - With daily price swings returning to financial markets, strategists and portfolio managers say volatility is the new normal and investors may have to adjust accordingly this summer. Havovi Cooper reports......
U.S. Week Ahead: Weak jobs means Fed stimulus here to stay
May 31 - Don't bet on the Fed winding down its $85B a month bond buying program given Friday's expected anemic jobs report......
The Upside: Forget DC scandals, focus on the tech boom
Columnist Zachary Karabell on why you should be investing in the tech revolution and not be distracted by recent political scandals in DC......
MuniLand: States finally seeing revenues rise -VA Treasurer
May 31 - Virginia Treasurer Manju Ganeriwala says that most U.S. states are finally seeing an increase in revenues, and says she won't rest easy until the proposal to cap tax exemption on muni bonds is dead......
Techquity: Bright lights, big California
Breakingviews Columnist Rob Cyran reflects on Mary Meeker's state of the internet presentation including why California remains the center of the tech world......
Breakingviews: Viruses, patents and greed
May 31 - Jeffrey Goldfarb and Robert Cyran discuss how a new SARS-like affliction highlights the differences in the intellectual property fights in the pharmaceuticals and technology industries......
Trading at Noon: Want clarity on stocks? Look at bonds!
U.S. Markets Editor David Gaffen......
Daily Digit: 1.75 bln shares to set Dells future
May 31 - Dell sets July 18th as the day owners of 1.75 billion in outstanding shares get to choose between offers from founder Michael Dell and activist shareholder Carl Icahn. Conway G. Gittens reports......
Bonuses on the decline in London
May.31 - A new study finds the number of financial professionals receiving bonuses in London is on the decline, along with pay rises. Kirsty Basset reports it signals a shift in remuneration culture - in an industry once synonymous with high rewards......
Economy: Chris Whalen on the real problem investors face
May 31 - Investors are wrestling with vastly different issues now, making it difficult to decide what moves to make, says Chris Whalen, Carrington Investment Services managing director......
Europe Week Ahead: Draghi the warm-up act to U.S. payrolls
May 31 - With the euro zone stuck in the mire, the ECB meets on Thursday. But will Draghi act? Plus it's Mervyn's last hurrah, and payrolls Friday........
OPEC happy with world oil markets - but isn't without challenges
May 31 - OPEC oil exporters leave output policy unchanged at a closed session meeting in Vienna. As Kirsty Basset reports, OPEC faces several challenges - including the United States' rising oil supply......
Wealth Strategies: Investors should have zero exposure to Treasuries
May 31 - Nuveen's Tony Rodriguez says U.S. Treasuries have become a return-free, risk asset which will continue to yield negative real returns and instead likes bank debt, high-yield and Mexican bonds.....
'Blockupy' protesters surround ECB
May 31 - Thousands of demonstrators from the anti-capitalist Blockupy movement cut off access to the European Central Bank in Frankfurt to protest against policymakers' handling of Europe's debt crisis. It comes as the region's unemployment figures h.....
China to create new financial district in London
May 31 - A derelict site in East London which was once the industrial hub of the capital is set to be returned to its former glory, but in its latest incarnation it will become a 21st century "Asian business port." A Chinese property developer has se.....
Reuters Asks: How can Europe bring down youth unemployment?
May 31 - Youth unemployment across Europe is at record levels. We ask economists and experts what should be done to bring it down......
Merkel tells Hollande to speed up reforms
May 31 - German Chancellor Angela Merkel says France has an obligation to implement structural reforms, now that the country's been given an extra two years to meet its budget deficit targets. Her comments came after French President Francois Holland.....
Market Pulse: Stocks in the red, but golden run still intact
May 31 - Another record high unemployment rate pushes European stocks in the red. So Will May mark the end of an unprecedented 12 straight months of market gains? Lloyds, Boeing and TUI the stocks in focus......
ECONOMY 2013: New norm for Wall Street may be just 80%
May 31 - Pete Hess, CEO of Advent Software, a provider of solutions and services to investment management firms, says activity in the financial sector may never get back to pre-crisis levels......
Hope gives way to confusion in Japan's markets
May 31 - Volatility is the new normal for Japanese stock investors, as the market swings from optimism to apprehension over Prime Minister Shinzo Abe's bold plans to revive the country's economy......
Breakingviews: Market interaction kills morals - and mice
May 31 - Why the invisible hand of the markets kills morals and mice. And fresh headaches for the Smiths Group CEO Philip Bowman......
Asia Week Ahead: Xi's journey to the West
May 31 - President Obama readies the red carpet for Chinas Xi Jinping, Australia faces economic pressures and Malaysia awaits crucial trade figures. Wayne Arnold gives us a preview of next week's top stories......
Reuters on the Road: Design a doll Make a Makie
May 31 - Makielab co-founder Jo Roache takes the taxi challenge to talk about turning digital dolls into reality......
Reuters Today: Stock up for a bumper summer!
May 31 - European stocks set for the 12th straight monthly rise. And they'll sizzle over the summer too, says Praefinium Partners' Alpesh Patel. Lloyds rakes in $5 bln, and prepare for ECB rate cut next week?.....
A year on, Deutsche Bank duo still face uphill struggle
May 31 - One year ago, Anshu Jain and Juergen Fitschen promised a cultural change at Deutsche Bank when they became co-CEOs of Germanys largest lender, but have any advances been made?.....
The float of Bumi has become one of the great City scandals
Already $1bn has vanished out of the company - chiefly at Bumi Resources.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2caec077/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr&.....
Bumi ready for lawsuit over 133m 'black hole'
BUMI, the scandal-ridden Indonesian coal miner, is preparing to take legal action against former director Rosan Roeslani after discovering a $201m (133m) black hole at the business he ran.<img width='1' height='1' src='http://telegraph.feedsportal.....
Network Rail chiefs in line for second bonus
Network Rail executives will be paid twice as much for saving money as making trains run on time under a new incentive scheme, The Daily Telegraph can disclose.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cae.....
Guy Hands awarded retrial of Citi lawsuit over EMI buyout
A US court has ordered the retrial of financier Guy Hands' failed lawsuit against Citigroup over his disastrous purchase of EMI.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2caebcee/mf.gif' border='0'/><.....
Halfords shares speed higher
The bike retailer won UBS' backing for its three-year turnaround plan<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2caebcef/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr>&.....
South African rand leads emerging market rout
Emerging market currencies have tumbled across the world in another day of wild moves as the US Federal Reserve prepares to tighten the spigot of global liquidity.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....
North-south divide: terraced house sells for 7,000
Similar house in Knightsbridge has sold for 18.25m as average prices in the capital rise 13pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cae0371/mf.gif' border='0'/><div class='mf-viral'><table .....
FTSE 100 continues record monthly winning streak
London's blue-chip index capped off a tumultuous fortnight by setting a fresh record of 12 consecutive months of gains.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cadfced/mf.gif' border='0'/><div class.....
500,000 of free Marks & Spencer's vouchers snapped up in 24 hours
More than 500,000 of Marks & Spencer products are to be given away free to customers after 100,069 vouchers for the high street retailer were snapped up on Groupon within 24 hours.<img width='1' height='1' src='http://telegraph.feedsportal.com.....
Eurozone unemployment rate hits record high
Unemployment in the eurozone touched a fresh high in April, fuelling fears that the deepening jobs crisis threatens the social fabric of the currency bloc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca92e4d/.....
Business news and markets: as it happened - 31 May, 2013
Protesters from the "Blockupy" movement have surrounded the European Central Bank in Frankfurt, as eurozone unemployment hits another record high in April, with almost 19.4m people now out of work.<img width='1' height='1' src='http://telegraph.fe.....
Business news and markets: live
Protesters from the "Blockupy" movement have surrounded the European Central Bank in Frankfurt, as eurozone unemployment hits another record high in April, with almost 19.4m people now out of work.<img width='1' height='1' src='http://telegraph.fe.....
Shrinking lending to firms raises questions over FLS
A fall in bank lending to companies has raised questions about the success of the Government's Funding for Lending Scheme (FLS) beyond its effect on the mortgage market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....
Japan's problems could make the eurozone's look like a garden party
One of the questions I have been asked most frequently over the past couple of years is: what happens if, and when, bond yields rise?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cac8c41/mf.gif' border='0'/>.....
Channel 4 to show adverts in French
Move is part of the launch of a new Gallic zombie drama, The Returned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cac8c44/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr>.....
Former MI5 chief Sir Jonathan Evans joins HSBC
Sir Jonathan Evans, who stepped down as director-general of MI5 last month, has become latest heavyweight non-executive director at HSBC.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cac7fa4/mf.gif' border='0'.....
Chelsea Flower Show spurs Waitrose sales
The Chelsea Flower Show prompted a blossoming in sales of gardening goods at Waitrose as customers of the upmarket grocer discovered their green fingers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cab4e92/mf.....
LVMH attacks French regulator in Hermes stealth takeover dispute
Mot Hennessy Louis Vuitton, LVMH, the world's largest luxury group, has accused the French financial authorities of supporting a "slander and smear campaign" mounted by Herms accusing it of a illegal hostile takeover by stealth.<img width='1' heig.....
New eco energy retail bond offer
Exclusive: A new retail bond paying 7.5pc for four years launches this weekend for investors keen on renewable energy - and American royalty.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cab4bf2/mf.gif' border.....
Which countries have the most millionaires?
The number of millionaire households reached 13.8m worldwide last year, says Boston Consulting Group.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cab4bf3/mf.gif' border='0'/><div class='mf-viral'><.....
India records worst GDP growth in a decade
India has recorded its worst GDP growth in a decade amid continuing concerns over corruption, high inflation, poor infrastructure development and weak government.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c.....
NatWest banking app down again
NatWest's mobile banking app has gone down on a day many customers get paid, in the latest in a series of problems with the service.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2caa10e7/mf.gif' border='0'/>.....
Vodafone drops bid to run network in Burma amid human rights worries
Vodafone has pulled out of plans to build a mobile network in Burma, days before it was due to submit its final licence bid.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2caa10eb/mf.gif' border='0'/><div .....
Mortgage approvals edge higher
Mortgage approvals in April edged to their highest level in three months, according to Bank of England figures.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca92e4a/mf.gif' border='0'/><div class='mf-vir.....
Lending to UK businesses drops sharply in April - BoE
Lending to Britain's businesses fell sharply in April, dropping by the biggest margin so far in 2013, even as mortgage approvals edged higher.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca8c83a/mf.gif' borde.....
Friday 31 May 2013
Thursday 30 May 2013
UK Financial News on 2013-05-30
Start button returns to Windows 8
The Start button is to return to Microsoft's Windows operating system's desktop mode, a move seen by some as a major design backtrack by the firm......
UK housing market 'gaining momentum'
UK house prices rose by 0.4% in May, according to the Nationwide, as the property market gradually gains momentum......
US GDP growth revised down slightly
The US economy grew at an annualised rate of 2.4% in the first three months of the year, official figures show, down slightly from the original estimate......
Chicago newspaper sacks photo staff
The entire photography staff at a historic Chicago tabloid newspaper and its suburban subsidiaries has been made redundant, the photographers say......
Ryanair warned over Aer Lingus stake
Ryanair may have to reduce its stake in Irish carrier Aer Lingus owing to competition concerns, the UK Competition Commission has said......
Cold weather hits B&Q owner's profit
The owner of B&Q, Kingfisher, says first quarter profits fell by nearly 30% after trading was hit by weak demand and the cold weather......
Japan's Nikkei dives a further 5%
Japan's Nikkei index dives a further 5% on Thursday to hit a five-week low amid predictions of a bigger correction from some analysts......
'Cash remains king in UK shops'
Cash is still the most popular form of payment in UK shops but the popularity of vouchers and coupons is on the rise, research suggests......
Panasonic plans to cut 5,000 jobs
Japan's Panasonic says it plans to cut 5,000 jobs over the next three years at its automotive and industrial unit......
China to buy US pork firm for $4.7bn
US pork producer Smithfield Foods agrees to be bought by China's Shuanghui International for $4.7bn (3.1bn) in cash......
UK faces court over migrant benefits
Britain is being taken to the European Court of Justice for allegedly discriminating against EU nationals who claim social security in the UK......
Warning over UK use of cheap coal
Coal on the global market is so cheap that it threatens government attempts to tackle climate change, the chairman of the Environment Agency warns.....
Japan's Suntory plans $4.7bn listing
Japan's Suntory Holdings plans to list its food and non-alcoholic drinks unit in what is set to be the country's largest public share offering this year......
Energy firms hit by UK tax change
Chancellor George Osborne announces a change in tax rules to prevent businesses claiming capital allowances for costs met by other firms......
Jockey Club bond raises 24.7m
The Jockey Club says it has raised 24.7m for its Racecourse Bond, exceeding the company's expectations and its original target of 15m......
Lloyds sells off private banking arm
Lloyds, which is 39% owned by the UK taxpayer, has sold its international private banking arm to UBP of Switzerland......
Digital cash arrests cause 'pain'
A leading security expert says he has seen evidence that criminals are suffering as a consequence of the Liberty Reserve arrests......
EU warns Spain in health card row
The European Commission launches legal action against Spain over the refusal of some of its hospitals to recognise the European Health Insurance Card......
Financial gripes 'reach 7,000 a day'
Consumers' lack of trust in financial firms led to a 92% rise in cases taken up by the financial ombudsman last year - with 7,000 queries and complaints each working day......
Tenants' deposits 'must be safe'
A housing charity is urging tenants to check that their deposits are held in an official protection scheme......
EU nations allowed to ease austerity
The European Commission has said it will allow some EU member states to slow their pace of austerity cuts, amid concerns over growth......
OECD cuts eurozone growth forecasts
The OECD has again cut its growth forecasts for the eurozone and called on the European Central Bank to consider doing more to boost growth......
China's growth forecast cut by IMF
The International Monetary Fund cuts its economic growth forecast for China in 2013 to "around 7.75%", with the weak global economy set to hit exports......
Sochi Olympics a 'monstrous scam'
As much as $30bn (20bn) has been stolen in preparations for next year's Winter Olympics in Sochi, Russian opposition leaders claim......
Rangers chairman Smith urges unity
Rangers chairman Walter Smith urges board "unity" following weeks of in-fighting at Ibrox......
Row over Bolton's new sponsor deal
Bolton Wanderers Football Club announce their new principal sponsor will be pay-day loan company QuickQuid......
VIDEO: Finding a book in the e-reader era
Many people enjoy browsing the aisles in bookshops when they are looking for something new to read - but could this experience be replicated by an app?.....
VIDEO: France sells off presidential wine
The French presidency is to auction off part of its famous wine cellar for the first time......
VIDEO: Spain hospital 'wanted my credit card'
The European Commission is launching legal action against Spain over the refusal of some hospitals to recognise the European Health Insurance Card......
VIDEO: Can Moto X revive Motorola's fortunes?
Motorola has struggled to keep up in the fast-paced smartphone market, but now the company has announced that it will take on its rivals with a new handset named the Moto X......
VIDEO: Do grandparents need flexible working?
Research by the charity Grandparents Plus suggests that many people are relying on grandparents and in-laws to provide childcare......
VIDEO: Rise in UK house prices 'modest'
UK house prices recorded a "modest" rise in May, increasing by 0.4%, according to the latest survey from the Nationwide building society......
VIDEO: China-US pork deal 'significant'
The biggest pork firm in China, Shuanghui International, has made a $4.7bn (3.1bn) bid to take over the largest pork producer in the US, Smithfield Foods......
VIDEO: More US mothers 'main breadwinner'
More American women than ever before are the main breadwinners for their families, according to the Pew Research Centre and data from the US Census Bureau......
Can UK economy stand another shock?
Could the UK economy withstand another shock?.....
Dreams on hold among young Greeks
Facing the worst jobs market in Europe.....
Women find success in their forties
Why 40 is a good age to start a new business.....
Why leasing a new shop can be hard
'Why can't I find an empty shop in a town of boarded-up premises?'.....
How to stop buying on impulse
How to stop buying on impulse.....
India's ancient university returns to life
University accepts first new students for 800 years.....
U.S. Day Ahead: More signs the Fed will keep up stimulus
May 30 - The latest inflation figures on Friday should confirm the Fed is sticking to its $85B worth a month of bond buying for now......
Daily Digit: Dish values Clearwire at $6.5 bln
May 30 - Dish tries to scoop rival Sprint with a bid valuing Clearwire at $6.5 billion. Conway G. Gittens reports......
Techquity: Phone makers fight for market share; FB liked again
May 30 - Samsung unveiled a cheaper Galaxy S4, aiming to grab a bigger share in the mid-tier segment, while Motorola makes a play for market share with its own new Moto X smartphone. Facebook gets a boost......
Breakingviews: What is GE's succession plan?
May 30 - Antony Currie and Breakingviews columnists discuss the potential retirement of GE Capital boss Mike Neal and what it means for the conglomerate's overall boss......
Trading at Noon: Why the bad economy equals happy stocks
May 30 - Signs the U.S. economy is still struggling are driving stocks as investors bet that Fed stimulus is here to stay......
Hollande sparks German outrage ahead of meeting with Merkel
May.30 - French President Francois Hollande and German Chancellor Angela Merkel meet in Paris, just hours after Hollande said the EU can't "dictate" reforms to France. They hope to come up with new ideas to boost European industry but expectations th.....
3 investments to dump before the Fed ends QE
May 30 - Carrington Investment Services Managing Director, Chris Whalen says some investors already are unloading investments sensitive to a shift in the Feds monetary policy. He lists three that are especially vulnerable......
Total settles U.S. bribery allegations
May 30 - France's largest oil producer Total SA has agreed to pay almost $400 million to settle U.S. criminal and civil allegations that it paid bribes to win oil and gas contracts in Iran. However a French prosecutor is calling for the CEO to go on .....
Europe Day Ahead: Unemployment - another broken record
May 30 - The euro zone jobs crisis is set to deepen, with the unemployment rate expected to hit another record high. Plus, flash inflation for May could pave the way for another ECB rate cut next month......
Wealth Strategies: Japan to be most attracitve equity market
May 30 - Michael Kass, portfolio manager of the Baron International Growth Fund says Europe is stabilizing but Japan could be most attractive equity market in the world......
Politicians target tax avoidance at OECD
May 30 - As multinationals including Starbucks and Google are scrutinised over their taxes, another 12 countries have signed up to fight tax secrecy at an OECD conference in Paris. Axel Threlfall speaks to the head of the OECD's tax division who says.....
Fishing for answers at Spain's Pescanova
May 30 - Spain could be about to see one of its largest bankruptcies, when the full extent of fishing company Pescanova's debts come to light. The firm filed for insolvency in April. Joanna Partridge reports from the company's home town of Vigo on th.....
Job-seekers left out of Japan's revival
Prime Minister Shinzo Abes policies have boosted Japan's growth and fueled a stock rally. But to really be judged effective, he'll need to tackle inequalities and stagnation in the job market......
Market Pulse:Yen guys not watching Nikkei futures "roadkill"
FX analyst Neal Kimberley, as dollar/yen threatens a break below 100.00. Plus gold shines, Buffet bets on Vegas......
Italy will beat growth forecasts finance minister
May 30 - OECD forecasts for Italian growth are too pessimistic, and Rome reckons it can beat expectations, says economy and finance minister Fabrizio Saccomanni......
Breakingviews: Shuanghui pork buy smart even at fat premium
May 30 - Chinese company Shuanghui would spend billions to acquire U.S. pork producer Smithfield, but oddities in China's market guarantee the bet will be profitable, says Breakingviews' Peter Thal Larsen......
Sports Spread: England get a taste of new-look Maracana
May 30 - England's footballers will get a tantalising taste of what they'll be missing out on if they don't qualify for next year's World Cup in Brazil. Plus, French Open tennis and the Investec Derby......
Europe the ghost at Mexicos feast
May 30 - Mexicos growth outlook is relatively strong, but European demand remains the big external risk factor, says the OECD. We talk to Mexican economy minister Ildefonso Guajardo at the OECD Forum in Paris.....
Reuters Breakingviews: Carney's UK Fed template may flounder
May 30 - Mark Carney, new BoE Governor, may try to keep bond yields low by issuing "forward guidance". But his efforts could flounder amid a bond bear market, says Breakingviews......
Reuters Today: Strong U.S. growth bad for stocks?
May 30 - Global markets in for a choppy day after another hefty fall in Japanese stocks. Investors also watching out for US Q1 GDP figures. An upward revision may have rare market consequences........
FACTBOX: Inside the Chinese firm buying up America's pork
May 30 - Pork is big business in the U.S., but it's an even bigger one in China. Meet Shuanghui Group, the company poised to spend $4.7 billion to take over Smithfield Foods......
Fight the flight: 60 countries unite to end tax secrecy
May 30 - The public backlash on corporate tax avoidance is growing and politicians are listening. At this weeks OECD meeting another 12 countries pledged to fight tax secrecy, bringing the total to 60......
Greek youth despair over employment prospects
May 30 - As youth unemployment in Greece soars to 60 per cent, young people are becoming increasingly gloomy about their future prospects. Despite EU leaders promising to take action, Ciara Sutton reports there are fears it will create a generation w.....
U.S. Morning Call: Japanese stocks plunge 5%; Dow futures up
May 30 - The Nikkei now down nearly 15 percent from its peak last week on worries about growth. Dish Network raised its offer to buy Clearwire, topping a competing bid from Sprint Nextel by 30 percent......
Stocks shaken and stirred by bonds
May 29 - Summary of business headlines: U.S. equities fall to two-week lows as bond yields rise amid speculation the Fed is close to slowing bond purchases; Former Fed Chief Paul Volcker says Fed is carrying too much weight in recovery; home stocks h.....
Brazil faces 1970s stagflation as resource boom wilts
Brazil has been forced to tighten monetary policy to curb inflation despite a slump in growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca1d531/mf.gif' border='0'/><div class='mf-viral'><table .....
Why interest-only compensation claims will struggle
Natalie Ceeney has a unique insight into the financial scandals of the future, says Andrew Oxlade.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca1d532/mf.gif' border='0'/><div class='mf-viral'><ta.....
Smiths 'in talks to sell medical division for 2bn'
Smiths Group is in talks to sell a medical division that was involved in the first successful IVF treatment, according to reports.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca1d533/mf.gif' border='0'/>&l.....
Tesco slips on broker cut
The supermarket group was hurt by a downgrade from one of its own brokers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca0ce52/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr.....
Banks play guessing game on losses, says Barclays
Banks are very poor predictors of the risks on their balance sheets, according to a report by analysts at Barclays.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca0ce53/mf.gif' border='0'/><div class='mf.....
Tate & Lyle sales rise as it hunts for new ingredients
Tate & Lyle has said its plan to focus on developing new ingredients that could reduce the calories and salt in food is making progress despite challenging weather and economic conditions.<img width='1' height='1' src='http://telegraph.feedspo.....
Tate & Lyle sales rise as it hunts for new ingredients
Tate & Lyle has said its plan to focus on developing new ingredients that could reduce the calories and salt in food is making progress despite challenging weather and economic conditions.<img width='1' height='1' src='http://telegraph.feedspo.....
Dollar falls on slump in US government spending
The dollar stuttered in value yesterday, after official figures revealed that America's economy is recovering more slowly than previously thought, amid the biggest contraction in government spending for 60 years.<img width='1' height='1' src='http.....
If companies can fire at will, they can also hire at will
Lord Sugar's curmudgeonly firings on The Apprentice might make for riveting viewing, but the Americans have a version with much higher stakes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca15aec/mf.gif' borde.....
Housing market could boost retail industry, Kingfisher says
Britain's flat-lining retail industry could be in line for a welcome boost because of a recovery in the housing market, according to the country's biggest DIY retailer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....
Business news and markets: as it happened - May 30, 2013
Unemployment in France hits a new record after rising for the 24th consecutive month, casting more doubt on Mr Hollande's vow to reverse the declining jobs market by year-end.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....
Business news and markets: live
Unemployment in France hits a new record after rising for the 24th consecutive month, casting more doubt on Mr Hollande's vow to reverse the declining jobs market by year-end.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....
'Very, very heavy' Europeans are rare, says McDonald's chief Don Thompson
McDonald's chief executive Don Thompson noted that Europeans tend to walk a lot.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca0c49a/mf.gif' border='0'/><div class='mf-viral'><table border='0'>.....
Severn Trent sets out market stall as chief executive says value to reach 8bn in 2015
Takeover target Severn Trent has shrugged off a bigger-than-expected fall in annual profits, declaring the business would soon be worth almost 8bn and insisting it had been undervalued by circling Kuwaiti and Canadian bidders.<img width='1' height.....
Amazon signs lease on 210,000 sq ft central London offices
Amazon has signed the lease on prime central London offices to accommodate 1,600 staff as it expands further into sectors such as book publishing and television production.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
Amazon signs lease on 210,000 sq ft central London offices
Amazon has signed the lease on prime central London offices to accommodate 1,600 staff as it expands further into sectors such as book publishing and television production.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
Apple founder Steve Wozniak: public anger at tax arrangements is 'warranted'
Apple co-founder Steve Wozniak has admitted that public anger over the tech giant's tax arrangements is "extremely warranted".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c9fd016/mf.gif' border='0'/><di.....
Greeks shake off pessimism despite economic woes
Economic morale in Greece surged close to a five-year high in May despite mounting signs that the nation is set to enter a seventh year of recession.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c9ebe88/mf.gif.....
BT dumps Yahoo! email after hacking claims
BT has dumped Marissa Mayer's Yahoo! as email provider to its six million broadband customers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c9ebe8a/mf.gif' border='0'/><div class='mf-viral'><table .....
Dish pressures Sprint with raised offer for Clearwire
Dish Networks attempts to spoil Sprint's bid for broadband provider Clearwire.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c9f5edc/mf.gif' border='0'/><div class='mf-viral'><table border='0'>&l.....
US GDP dragged down by government spending slump
The US economy grew at a more modest pace than previously estimated in the first three months of the year, official data showed on Thursday, as government spending suffered its biggest six-month contraction since the end of the Korean war.<img wid.....
Europe rows back on FTT plans
European countries pressing for a 30bn financial transaction tax are rowing back on their plans in the face of international opposition and concerns about the economic damage the levy could cause.<img width='1' height='1' src='http://telegraph.fee.....
News Corp to cut ties with London market
News Corp will cut ties with the London Stock Exchange after a drop in the trading of shares in the media giant in Britain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c9d83f9/mf.gif' border='0'/><div c.....
Japanese stock market correction is 'natural', say policymakers
Japan's prime minister Shinzo Abe has played down recent falls in the stock market as part of day-to-day trading, hours after the country's benchmark index tumbled 5pc and entered a correction.<img width='1' height='1' src='http://telegraph.feedsp.....
RBS rejects private equity bid for Rainbow branches
Two US private equity firms bidding for the 316 branches being sold by Royal Bank of Scotland have had their offer for the business rejected by the state-backed lender.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....
The Start button is to return to Microsoft's Windows operating system's desktop mode, a move seen by some as a major design backtrack by the firm......
UK housing market 'gaining momentum'
UK house prices rose by 0.4% in May, according to the Nationwide, as the property market gradually gains momentum......
US GDP growth revised down slightly
The US economy grew at an annualised rate of 2.4% in the first three months of the year, official figures show, down slightly from the original estimate......
Chicago newspaper sacks photo staff
The entire photography staff at a historic Chicago tabloid newspaper and its suburban subsidiaries has been made redundant, the photographers say......
Ryanair warned over Aer Lingus stake
Ryanair may have to reduce its stake in Irish carrier Aer Lingus owing to competition concerns, the UK Competition Commission has said......
Cold weather hits B&Q owner's profit
The owner of B&Q, Kingfisher, says first quarter profits fell by nearly 30% after trading was hit by weak demand and the cold weather......
Japan's Nikkei dives a further 5%
Japan's Nikkei index dives a further 5% on Thursday to hit a five-week low amid predictions of a bigger correction from some analysts......
'Cash remains king in UK shops'
Cash is still the most popular form of payment in UK shops but the popularity of vouchers and coupons is on the rise, research suggests......
Panasonic plans to cut 5,000 jobs
Japan's Panasonic says it plans to cut 5,000 jobs over the next three years at its automotive and industrial unit......
China to buy US pork firm for $4.7bn
US pork producer Smithfield Foods agrees to be bought by China's Shuanghui International for $4.7bn (3.1bn) in cash......
UK faces court over migrant benefits
Britain is being taken to the European Court of Justice for allegedly discriminating against EU nationals who claim social security in the UK......
Warning over UK use of cheap coal
Coal on the global market is so cheap that it threatens government attempts to tackle climate change, the chairman of the Environment Agency warns.....
Japan's Suntory plans $4.7bn listing
Japan's Suntory Holdings plans to list its food and non-alcoholic drinks unit in what is set to be the country's largest public share offering this year......
Energy firms hit by UK tax change
Chancellor George Osborne announces a change in tax rules to prevent businesses claiming capital allowances for costs met by other firms......
Jockey Club bond raises 24.7m
The Jockey Club says it has raised 24.7m for its Racecourse Bond, exceeding the company's expectations and its original target of 15m......
Lloyds sells off private banking arm
Lloyds, which is 39% owned by the UK taxpayer, has sold its international private banking arm to UBP of Switzerland......
Digital cash arrests cause 'pain'
A leading security expert says he has seen evidence that criminals are suffering as a consequence of the Liberty Reserve arrests......
EU warns Spain in health card row
The European Commission launches legal action against Spain over the refusal of some of its hospitals to recognise the European Health Insurance Card......
Financial gripes 'reach 7,000 a day'
Consumers' lack of trust in financial firms led to a 92% rise in cases taken up by the financial ombudsman last year - with 7,000 queries and complaints each working day......
Tenants' deposits 'must be safe'
A housing charity is urging tenants to check that their deposits are held in an official protection scheme......
EU nations allowed to ease austerity
The European Commission has said it will allow some EU member states to slow their pace of austerity cuts, amid concerns over growth......
OECD cuts eurozone growth forecasts
The OECD has again cut its growth forecasts for the eurozone and called on the European Central Bank to consider doing more to boost growth......
China's growth forecast cut by IMF
The International Monetary Fund cuts its economic growth forecast for China in 2013 to "around 7.75%", with the weak global economy set to hit exports......
Sochi Olympics a 'monstrous scam'
As much as $30bn (20bn) has been stolen in preparations for next year's Winter Olympics in Sochi, Russian opposition leaders claim......
Rangers chairman Smith urges unity
Rangers chairman Walter Smith urges board "unity" following weeks of in-fighting at Ibrox......
Row over Bolton's new sponsor deal
Bolton Wanderers Football Club announce their new principal sponsor will be pay-day loan company QuickQuid......
VIDEO: Finding a book in the e-reader era
Many people enjoy browsing the aisles in bookshops when they are looking for something new to read - but could this experience be replicated by an app?.....
VIDEO: France sells off presidential wine
The French presidency is to auction off part of its famous wine cellar for the first time......
VIDEO: Spain hospital 'wanted my credit card'
The European Commission is launching legal action against Spain over the refusal of some hospitals to recognise the European Health Insurance Card......
VIDEO: Can Moto X revive Motorola's fortunes?
Motorola has struggled to keep up in the fast-paced smartphone market, but now the company has announced that it will take on its rivals with a new handset named the Moto X......
VIDEO: Do grandparents need flexible working?
Research by the charity Grandparents Plus suggests that many people are relying on grandparents and in-laws to provide childcare......
VIDEO: Rise in UK house prices 'modest'
UK house prices recorded a "modest" rise in May, increasing by 0.4%, according to the latest survey from the Nationwide building society......
VIDEO: China-US pork deal 'significant'
The biggest pork firm in China, Shuanghui International, has made a $4.7bn (3.1bn) bid to take over the largest pork producer in the US, Smithfield Foods......
VIDEO: More US mothers 'main breadwinner'
More American women than ever before are the main breadwinners for their families, according to the Pew Research Centre and data from the US Census Bureau......
Can UK economy stand another shock?
Could the UK economy withstand another shock?.....
Dreams on hold among young Greeks
Facing the worst jobs market in Europe.....
Women find success in their forties
Why 40 is a good age to start a new business.....
Why leasing a new shop can be hard
'Why can't I find an empty shop in a town of boarded-up premises?'.....
How to stop buying on impulse
How to stop buying on impulse.....
India's ancient university returns to life
University accepts first new students for 800 years.....
U.S. Day Ahead: More signs the Fed will keep up stimulus
May 30 - The latest inflation figures on Friday should confirm the Fed is sticking to its $85B worth a month of bond buying for now......
Daily Digit: Dish values Clearwire at $6.5 bln
May 30 - Dish tries to scoop rival Sprint with a bid valuing Clearwire at $6.5 billion. Conway G. Gittens reports......
Techquity: Phone makers fight for market share; FB liked again
May 30 - Samsung unveiled a cheaper Galaxy S4, aiming to grab a bigger share in the mid-tier segment, while Motorola makes a play for market share with its own new Moto X smartphone. Facebook gets a boost......
Breakingviews: What is GE's succession plan?
May 30 - Antony Currie and Breakingviews columnists discuss the potential retirement of GE Capital boss Mike Neal and what it means for the conglomerate's overall boss......
Trading at Noon: Why the bad economy equals happy stocks
May 30 - Signs the U.S. economy is still struggling are driving stocks as investors bet that Fed stimulus is here to stay......
Hollande sparks German outrage ahead of meeting with Merkel
May.30 - French President Francois Hollande and German Chancellor Angela Merkel meet in Paris, just hours after Hollande said the EU can't "dictate" reforms to France. They hope to come up with new ideas to boost European industry but expectations th.....
3 investments to dump before the Fed ends QE
May 30 - Carrington Investment Services Managing Director, Chris Whalen says some investors already are unloading investments sensitive to a shift in the Feds monetary policy. He lists three that are especially vulnerable......
Total settles U.S. bribery allegations
May 30 - France's largest oil producer Total SA has agreed to pay almost $400 million to settle U.S. criminal and civil allegations that it paid bribes to win oil and gas contracts in Iran. However a French prosecutor is calling for the CEO to go on .....
Europe Day Ahead: Unemployment - another broken record
May 30 - The euro zone jobs crisis is set to deepen, with the unemployment rate expected to hit another record high. Plus, flash inflation for May could pave the way for another ECB rate cut next month......
Wealth Strategies: Japan to be most attracitve equity market
May 30 - Michael Kass, portfolio manager of the Baron International Growth Fund says Europe is stabilizing but Japan could be most attractive equity market in the world......
Politicians target tax avoidance at OECD
May 30 - As multinationals including Starbucks and Google are scrutinised over their taxes, another 12 countries have signed up to fight tax secrecy at an OECD conference in Paris. Axel Threlfall speaks to the head of the OECD's tax division who says.....
Fishing for answers at Spain's Pescanova
May 30 - Spain could be about to see one of its largest bankruptcies, when the full extent of fishing company Pescanova's debts come to light. The firm filed for insolvency in April. Joanna Partridge reports from the company's home town of Vigo on th.....
Job-seekers left out of Japan's revival
Prime Minister Shinzo Abes policies have boosted Japan's growth and fueled a stock rally. But to really be judged effective, he'll need to tackle inequalities and stagnation in the job market......
Market Pulse:Yen guys not watching Nikkei futures "roadkill"
FX analyst Neal Kimberley, as dollar/yen threatens a break below 100.00. Plus gold shines, Buffet bets on Vegas......
Italy will beat growth forecasts finance minister
May 30 - OECD forecasts for Italian growth are too pessimistic, and Rome reckons it can beat expectations, says economy and finance minister Fabrizio Saccomanni......
Breakingviews: Shuanghui pork buy smart even at fat premium
May 30 - Chinese company Shuanghui would spend billions to acquire U.S. pork producer Smithfield, but oddities in China's market guarantee the bet will be profitable, says Breakingviews' Peter Thal Larsen......
Sports Spread: England get a taste of new-look Maracana
May 30 - England's footballers will get a tantalising taste of what they'll be missing out on if they don't qualify for next year's World Cup in Brazil. Plus, French Open tennis and the Investec Derby......
Europe the ghost at Mexicos feast
May 30 - Mexicos growth outlook is relatively strong, but European demand remains the big external risk factor, says the OECD. We talk to Mexican economy minister Ildefonso Guajardo at the OECD Forum in Paris.....
Reuters Breakingviews: Carney's UK Fed template may flounder
May 30 - Mark Carney, new BoE Governor, may try to keep bond yields low by issuing "forward guidance". But his efforts could flounder amid a bond bear market, says Breakingviews......
Reuters Today: Strong U.S. growth bad for stocks?
May 30 - Global markets in for a choppy day after another hefty fall in Japanese stocks. Investors also watching out for US Q1 GDP figures. An upward revision may have rare market consequences........
FACTBOX: Inside the Chinese firm buying up America's pork
May 30 - Pork is big business in the U.S., but it's an even bigger one in China. Meet Shuanghui Group, the company poised to spend $4.7 billion to take over Smithfield Foods......
Fight the flight: 60 countries unite to end tax secrecy
May 30 - The public backlash on corporate tax avoidance is growing and politicians are listening. At this weeks OECD meeting another 12 countries pledged to fight tax secrecy, bringing the total to 60......
Greek youth despair over employment prospects
May 30 - As youth unemployment in Greece soars to 60 per cent, young people are becoming increasingly gloomy about their future prospects. Despite EU leaders promising to take action, Ciara Sutton reports there are fears it will create a generation w.....
U.S. Morning Call: Japanese stocks plunge 5%; Dow futures up
May 30 - The Nikkei now down nearly 15 percent from its peak last week on worries about growth. Dish Network raised its offer to buy Clearwire, topping a competing bid from Sprint Nextel by 30 percent......
Stocks shaken and stirred by bonds
May 29 - Summary of business headlines: U.S. equities fall to two-week lows as bond yields rise amid speculation the Fed is close to slowing bond purchases; Former Fed Chief Paul Volcker says Fed is carrying too much weight in recovery; home stocks h.....
Brazil faces 1970s stagflation as resource boom wilts
Brazil has been forced to tighten monetary policy to curb inflation despite a slump in growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca1d531/mf.gif' border='0'/><div class='mf-viral'><table .....
Why interest-only compensation claims will struggle
Natalie Ceeney has a unique insight into the financial scandals of the future, says Andrew Oxlade.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca1d532/mf.gif' border='0'/><div class='mf-viral'><ta.....
Smiths 'in talks to sell medical division for 2bn'
Smiths Group is in talks to sell a medical division that was involved in the first successful IVF treatment, according to reports.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca1d533/mf.gif' border='0'/>&l.....
Tesco slips on broker cut
The supermarket group was hurt by a downgrade from one of its own brokers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca0ce52/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr.....
Banks play guessing game on losses, says Barclays
Banks are very poor predictors of the risks on their balance sheets, according to a report by analysts at Barclays.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca0ce53/mf.gif' border='0'/><div class='mf.....
Tate & Lyle sales rise as it hunts for new ingredients
Tate & Lyle has said its plan to focus on developing new ingredients that could reduce the calories and salt in food is making progress despite challenging weather and economic conditions.<img width='1' height='1' src='http://telegraph.feedspo.....
Tate & Lyle sales rise as it hunts for new ingredients
Tate & Lyle has said its plan to focus on developing new ingredients that could reduce the calories and salt in food is making progress despite challenging weather and economic conditions.<img width='1' height='1' src='http://telegraph.feedspo.....
Dollar falls on slump in US government spending
The dollar stuttered in value yesterday, after official figures revealed that America's economy is recovering more slowly than previously thought, amid the biggest contraction in government spending for 60 years.<img width='1' height='1' src='http.....
If companies can fire at will, they can also hire at will
Lord Sugar's curmudgeonly firings on The Apprentice might make for riveting viewing, but the Americans have a version with much higher stakes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca15aec/mf.gif' borde.....
Housing market could boost retail industry, Kingfisher says
Britain's flat-lining retail industry could be in line for a welcome boost because of a recovery in the housing market, according to the country's biggest DIY retailer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....
Business news and markets: as it happened - May 30, 2013
Unemployment in France hits a new record after rising for the 24th consecutive month, casting more doubt on Mr Hollande's vow to reverse the declining jobs market by year-end.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....
Business news and markets: live
Unemployment in France hits a new record after rising for the 24th consecutive month, casting more doubt on Mr Hollande's vow to reverse the declining jobs market by year-end.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....
'Very, very heavy' Europeans are rare, says McDonald's chief Don Thompson
McDonald's chief executive Don Thompson noted that Europeans tend to walk a lot.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ca0c49a/mf.gif' border='0'/><div class='mf-viral'><table border='0'>.....
Severn Trent sets out market stall as chief executive says value to reach 8bn in 2015
Takeover target Severn Trent has shrugged off a bigger-than-expected fall in annual profits, declaring the business would soon be worth almost 8bn and insisting it had been undervalued by circling Kuwaiti and Canadian bidders.<img width='1' height.....
Amazon signs lease on 210,000 sq ft central London offices
Amazon has signed the lease on prime central London offices to accommodate 1,600 staff as it expands further into sectors such as book publishing and television production.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
Amazon signs lease on 210,000 sq ft central London offices
Amazon has signed the lease on prime central London offices to accommodate 1,600 staff as it expands further into sectors such as book publishing and television production.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
Apple founder Steve Wozniak: public anger at tax arrangements is 'warranted'
Apple co-founder Steve Wozniak has admitted that public anger over the tech giant's tax arrangements is "extremely warranted".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c9fd016/mf.gif' border='0'/><di.....
Greeks shake off pessimism despite economic woes
Economic morale in Greece surged close to a five-year high in May despite mounting signs that the nation is set to enter a seventh year of recession.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c9ebe88/mf.gif.....
BT dumps Yahoo! email after hacking claims
BT has dumped Marissa Mayer's Yahoo! as email provider to its six million broadband customers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c9ebe8a/mf.gif' border='0'/><div class='mf-viral'><table .....
Dish pressures Sprint with raised offer for Clearwire
Dish Networks attempts to spoil Sprint's bid for broadband provider Clearwire.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c9f5edc/mf.gif' border='0'/><div class='mf-viral'><table border='0'>&l.....
US GDP dragged down by government spending slump
The US economy grew at a more modest pace than previously estimated in the first three months of the year, official data showed on Thursday, as government spending suffered its biggest six-month contraction since the end of the Korean war.<img wid.....
Europe rows back on FTT plans
European countries pressing for a 30bn financial transaction tax are rowing back on their plans in the face of international opposition and concerns about the economic damage the levy could cause.<img width='1' height='1' src='http://telegraph.fee.....
News Corp to cut ties with London market
News Corp will cut ties with the London Stock Exchange after a drop in the trading of shares in the media giant in Britain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c9d83f9/mf.gif' border='0'/><div c.....
Japanese stock market correction is 'natural', say policymakers
Japan's prime minister Shinzo Abe has played down recent falls in the stock market as part of day-to-day trading, hours after the country's benchmark index tumbled 5pc and entered a correction.<img width='1' height='1' src='http://telegraph.feedsp.....
RBS rejects private equity bid for Rainbow branches
Two US private equity firms bidding for the 316 branches being sold by Royal Bank of Scotland have had their offer for the business rejected by the state-backed lender.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....
Wednesday 29 May 2013
UK Financial News on 2013-05-29
Commission weighs slashing FTT for repo trades
Industry welcomes first sign European lawmakers may soften stance on controversial transaction tax.....
Charterhouse mulls fund extension
UK buyout firm has primed investors to expect a 12-month extension request for its current €4bn fund.....
High-yield heads for a record year
Issuance in European currencies this year has already surpassed the amount raised over the whole of 2012.....
Profits surge at buyout giants capital markets arm
KKR Capital Markets Limited posted a six-fold increase in pre-tax profit in 2012.....
Theyre ba-ack! Private equity firms attempt to crack one of Europes toughest markets
Almost exactly eight years on from being branded 'locusts', a host of German private equity firms are raising funds to invest in the country's Mittelstand market.....
Funding head joins Co-op from RBS
Senior exec responsible for funding the balance sheet of RBS will join the Manchester-based lender on June 3.....
Warburg Pincus in talks with Mergermarket founder
Private equity firm is in talks with Caspar Hobbs about working together to source deals.....
Towers Watson stages a fund-of-funds rethink
The investment consultant, a critic of the fund of hedge funds industry, is planning to enter the sector.....
US banks pick off RBS talent
Morgan Stanley, Bank of America Merrill Lynch, Citi and Jefferies have all hired from RBS in the past few months.....
UBS in Triton fund rescue talks
The Swiss bank's asset management arm is fighting to save its £680m Triton Property Fund from liquidation.....
EU nations allowed to ease austerity
The European Commission has said it will allow some EU member states to slow their pace of austerity cuts, amid concerns over growth......
Energy firms hit by UK tax change
Chancellor George Osborne announces a change in tax rules to prevent businesses claiming capital allowances for costs met by other firms......
Lloyds sells off private banking arm
Lloyds, which is 39% owned by the UK taxpayer, has sold its international private banking arm to UBP of Switzerland.....
Jaguar Land Rover profits roar ahead
Profits at Jaguar Land Rover soar 11% to a record 1.67bn, helping to offset a fall at parent group Tata Motors......
Financial gripes 'reach 7,000 a day'
Consumers' lack of trust in financial firms led to a 92% rise in cases taken up by the financial ombudsman last year - with 7,000 queries and complaints each working day......
Digital cash arrests cause 'pain'
A leading security expert says he has seen evidence that criminals are suffering as a consequence of the Liberty Reserve arrests......
German unemployment rises in May
German unemployment rose during May, with bad weather and the high number of public holidays being blamed for the increase......
Cupid in talks over sale of websites
Online dating company Cupid plc confirms it is in talks about a possible offer for its "casual" dating business......
Security OK for Sprint-Softbank deal
Sprint and Japan's Softbank say US regulators have found no unresolved national security issues relating to Softbank's proposed takeover of the US mobile operator......
China's growth forecast cut by IMF
The International Monetary Fund cuts its economic growth forecast for China in 2013 to "around 7.75%", with the weak global economy set to hit exports......
Network Rail execs get pay bonuses
Network Rail's top five executives have been awarded bonuses equivalent to 17% of their annual salaries......
London Market Report
After Tuesday's sharp gains, the FTSE 100 drops more than 1% as investors look to take profits......
Retail sales 'down sharply' in May
UK retail sales fell at the fastest annual pace for 16 months in May, according to the CBI - a business lobby group......
Tenants' deposits 'must be safe'
A housing charity is urging tenants to check that their deposits are held in an official protection scheme......
Record industry denies failing stars
The BPI's chief executive hits back at accusations that labels are failing pop stars because of a lack of long-term investment in new artists' careers......
Ex-KPMG man admits insider trading
A former senior partner at KPMG agrees to plead guilty to insider trading, in a scandal that has damaged the accountancy giant's reputation......
Heathrow 'needs to close' for hub
If the government decides to expand Stansted or build a new estuary airport to form the UK's major air hub, Heathrow Airport will need to close, a transport think tank says......
Bayern Munich 'most valuable brand'
Bayern Munich has overtaken Manchester United to become the world's most valuable football brand, a branding agency says......
Australia ranked 'happiest' nation
Australia is ranked as the world's happiest nation among developed economies, according to the Organisation for Economic Co-operation and Development......
Portas High Streets still struggling
New research paints a mixed picture of success in the towns at the heart of the government's 1.2m Portas scheme intended to revive the High Street......
Payday lenders 'out of control'
The payday loan industry is "out of control", a charity says, following claims of irresponsible lending and harassment......
Agreements reached on spending plans
Chancellor George Osborne says seven departments, including justice, energy and local government, have agreed savings of up to 10% for 2015......
OECD cuts eurozone growth forecasts
The OECD has again cut its growth forecasts for the eurozone and called on the European Central Bank to consider doing more to boost growth......
US house prices 'see strong rise'
US house prices see their biggest annual rise in nearly seven years while consumer confidence hits a five-year high, boosting US stock markets......
UK and Germany 'oppose China duties'
The UK and Germany are among at least 14 EU members against proposals to impose punitive tariffs on Chinese solar panel imports, according to diplomats......
New bid approach for Coventry City
Coventry City are approached by an Asian consortium looking to take total control of the League One club......
AUDIO: I wanted to be a footballer - Sainsbury's boss Justin King
Sainsbury's chief executive Justin King talks to School Reporters about his early career plans, his business philosophy - and his first kiss!.....
VIDEO: Tata Motors sees first sales decline
Tata Motors has grown rapidly, but a slowing economy has prompted sales to fall for the first time in over a decade.....
VIDEO: EU nations allowed to ease austerity
The European Commission has said it will allow some EU member states to slow their pace of austerity cuts, amid concerns over growth......
VIDEO: 'Portas Pilots' struggle one year on
BBC research into the government-funded "Portas Pilot" towns reveals that 10 out of 12 towns have seen a fall in the number of occupied shop units......
VIDEO: 'I've seen a huge drop in trade'
Ten of the 12 government-funded "Portas Pilot" towns have seen a fall in the number of occupied shop units......
VIDEO: Emigration 'tough on Irish economy'
Youth organisations in Ireland are warning that the number of young people emigrating could be devastating for the country's economy......
VIDEO: OECD: UK austerity 'necessary'
The OECD has cut its growth forecast for the UK to just 0.8% this year, saying that austerity plans had affected growth, but that the measures were "necessary"......
VIDEO: IMF cuts China growth forecast
The International Monetary Fund has cut its growth forecast for China to 7.75% from 8%, warning that a weak world economy could lead to a fall in demand for Chinese goods......
Why leasing a new shop can be hard
'Why can't I find an empty shop in a town of boarded-up premises?'.....
Can UK economy cope with another shock?
Could the UK economy withstand another shock?.....
India's ancient university returns to life
University accepts first new students for 800 years.....
Asia's new frontier
The challenges of tapping Burma's massive economic potential.....
Squash stars hope for Olympic bounce
Players hope for higher pay as sport makes Olympic bid.....
LCD screen pioneer looks to future
LCD screen tech pioneer looks to the future.....
Sainsbury's chief executive Justin King Q&A
Who would the Sainsbury's boss like to switch places with?.....
U.S. Day Ahead: Expect more signs of economic strength
May 29 - If you are trying to bet on where the Fed will go next, then focus on initial jobless claims and revised GDP numbers on Thursday......
NEWSMAKER: U.S. Fed being asked to do too much - Volcker
May 29 - Former Federal Reserve chairman Paul Volcker says the U.S. central bank shouldn't be called upon to support every sector of the economy and feels there are too many regulatory agencies in the country......
FACTBOX: China's food fervor and fiascos
May 29 - China's Shuanghui International said it would buy Smithfield Foods to help satisfy growing demand for U.S. meat in its home market, which has suffered from a series of food safety scandals......
Balloons set to take wind power to new heights
May 29 - Boston-based company Altaeros has developed a new wind power generator in the form of a giant balloon they say will offer a cheap renewable energy alternative to communities off the grid. Ben Gruber has more......
Techquity: Not liking Facebook, Google goes shopping
May 29 - Users and advertisers ask Facebook to be more vigilant about cracking down on hate speech. Plus, Google beefs up its retail offerings......
Daily Digit: Sales at Kors hit $2.2 bln
May 29 - Sales at Michael Kors hit $2.2 billion for the fiscal year driven by luxury spending around the globe. Conway G. Gittens reports......
OECD cuts world economic forecast
May 29 - The outlook for global economic growth remains weak, according to the latest OECD report. Kirsty Basset reports that while the United States and Japan shows signs of picking up, the euro zone is still mired in recession......
Trading at Noon: Smithfield China deal shocks investors
Correspondent Greg Roumeliotis......
Breakingviews: Bringing home the bacon
May 29 - Rob Cox and Robert Cyran discuss Shuanghuis $4.7 bln deal to buy Smithfield and the Chinese companys strategy to export good pork out of the U.S......
Heart shunt implant shows promise as treatment for millions
May 29 - Diastolic heart failure is responsible for more than half of all cardiac failure. The condition is usually treated with drugs, but now, a new device being tested in the Czech Republic could provide more effective treatment for millions of su.....
Europe looks for answers to youth unemployment
May 29 - Tackling youth unemployment will be high on the agenda at the European Council in June, with 64 per cent youth unemployment in Greece, and 57 per cent in Spain. As Kirsty Basset reports, French President Francois Hollande is calling for urge.....
Europe Day Ahead: Banking union to top "Merkande" agenda
Hollande and Merkel meet to discuss the thorny issue of banking union. Also tomorrow: Italy sells bonds, revised Spanish GDP, euro zone consumer and business sentiment expected to rise. Yes, rise......
Man U ejected from brand throne
May 29 - Bayern Munich, which won the Champions League title at the weekend, knocks Manchester United from the top spot in brand value for the first time in seven years, with a brand valuation of 668 million euros. Ciara Sutton finds out what gives t.....
Global joblessness to hit 200mln this year ILO
May 29 - Global unemployment will hit 200mln this year, and declarations of intent to tackle the problem will mean nothing without action, says International Labour Organisation director general Guy Ryder......
Global joblessness to hit 200mln this year ILO
May 29 - Global unemployment will hit 200mln this year, and declarations of intent to tackle the problem will mean nothing without action, says International Labour Organisation director general Guy Ryder......
U.S. seizes Liberty Reserve over money laundering
May 29 - U.S. prosecutors have seized control of digital currency exchange Liberty Reserve, accusing it of helping criminals around the world launder more than $6 billion in illicit funds linked to everything from child pornography to software for ha.....
U.S. also fighting youth unemployment war - Hormats
May 29 - Bob Hormats, U.S. Under Secretary of State, says it's not just Europe which is fighting youth unemployment, but the U.S. focus on training and skills is working......
Market Pulse: Beginning of a U.S. bond bear market? Not so fast
May 29 - U.S. Treasury yields above 2% and rising, probably up to 2.3% in the near term says IdeaGlobal's Mike Gallagher. But the start of a multi-year bear market? Not so fast......
China netizens hope writing's on the wall for rude tourists
' Anita Li......
Breakingviews: Europe yields to austerity reality
May 29 - European countries are to get more time to hit hair-shirt deficit targets, but the snag is that gentle markets will ease pressure for reform, says Breakingviews......
Gurria on OECD's Economic Outlook
May 29 - The OECD Secretary General, Angel Gurria, gives his review of the global economy and when the Fed should begin to taper monetary stimulus......
Luxembourgs Frieden on austerity, tax
May 29 - Is Luxembourg, one of the last proponents of austerity, ready to change its tack on the subject? We speak to Finance Minister Luc Frieden......
FACTBOX: U.S. jets struggle to evade Chinese hackers
May 29 - Weaknesses across the U.S. defense supply chain mirror those in the broader private sector, with hackers from China able to spirit away critical research and data despite efforts to secure both......
Reuters Today: No calm for "hypersensitive" markets
Today is live from Paris where the OECD publishes its latest global growth forecasts. Choppy markets on U.S. data alert, as the dollar continues to ride high, says HSBC's Daragh Maher......
Remember Grexit? Forget it. Ain't happening-Greek finmin
at the OECD......
Warren Buffett buys Las Vegas power supplier NV Energy for $5.6bn
Berkshire Hathaway's power production unit MidAmerican Energy is to pay $5.6bn (3.7bn) for NV Energy, the electric utility that serves Las Vegas and its power-hungry casinos.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....
News Corp accused of appeasing DoJ over 'leak'
News Corporation has been accused of mollifying the US Department of Justice in a row over one of its Fox News journalists, as it seeks to stem the potential fallout from the investigation into police bribery at News Corp's UK newspapers.<img widt.....
Francois Hollande tells European Commission it can't 'dictate' to France
Francois Hollande has warned the European Commission not to "dictate" orders on how France should run its economy after the Brussels executive called for urgent eurozone reforms to avert a "social emergency".<img width='1' height='1' src='http://t.....
France must reform or the euro will die
Francois Hollande has accused Brussels of "dictating" cuts to France's cherished social model.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c94fcac/mf.gif' border='0'/><div class='mf-viral'><table .....
OECD calls for NHS ringfence to be reconsidered
The Government should rethink its decision to protect the health service from spending cuts as "much more needs to be done" to get the UK's public finances in order, the Organisation for Economic Co-operation and Development has said.<img width='1.....
No saviour in sight as world credit cycle rolls over
This may be as good as it gets for the world economy. The HSBC index for the global business cycle hit a three-year high around Easter, and has since rolled over.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c.....
Lloyds continues sale of private banks
Lloyds Banking Group has sold two private banking businesses as the state-backed lender continues to cut its international presence as part of its turnaround plan.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....
China demand drives Jaguar Land Rover to record profits
Jaguar Land Rover has outlined plans to invest 2.75bn over the coming year on the back of record sales and profits, driven by accelerating demand from China.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c93fb2.....
Boris Johnson unveils plan for 1bn Chinese business district
Boris Johnson, the Mayor of London, has unveiled a 1bn project to turn the capital's docklands into a Chinese business district, creating 20,000 jobs.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c943f1c/mf.gi.....
Nasdaq fined $10m over Facebook IPO mistakes
Nasdaq has agreed to pay $10m (6.6m), the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes made during Facebook's initial public offering last year.<img width='1' height='1' src='http://telegraph.....
Sir Mervyn King to bow out with a song on Desert Island Discs
BBC declines to disclose the central bank governor's musical choices before Sunday's broadcast.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c943f20/mf.gif' border='0'/><div class='mf-viral'><table.....
FTSE 100 gives up gains
London's blue-chip index erased the 1.6pc rise it experienced on Tuesday<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c943aa1/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr&g.....
Business news and markets: as it happened - May 29, 2013
The European Commission has warned that France's economic resilience is diminishing as it grants a raft of extensions for members to meet budget deficit targets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c9.....
OECD warns of zero growth in eurozone this year
Pier Carlo Padoan, chief economist at the OECD, says there will be no growth in the eurozone in 2013 and warns of high unemployment in the EU.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c931d95/mf.gif' borde.....
Business news and markets: live
The European Commission has warned that France's economic resilience is diminishing as it grants a raft of extensions for members to meet budget deficit targets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c8.....
Gulf Keystone seeks new chairman as it inches toward main market listing
Gulf Keystone Petroleum's chief executive Todd Kozel is giving up the role of chairman, as the AIM-listed oil explorer continues its slow progress towards a main market listing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....
Royal Mail banks in spotlight over Libor-rigging
The government is facing questions over its decision to hand the potentially lucrative mandate to float the Royal Mail to banks involved in the manipulation of Libor.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....
Share tips: three UK companies to buy
Richard Plackett, of the BlackRock UK Special Situations fund, picks out three of his favourite stocks.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c925ed7/mf.gif' border='0'/><div class='mf-viral'>&.....
We won't pay your pensions, firms threaten
Workers risk losing the pension savings they are entitled to because some employers plan to break a new law requiring them to enrol all their staff into a pension scheme.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....
Nine more countries sign deal to clampdown on tax avoidance
More information for HMRC as Austria, Luxembourg and seven more countries join tax deal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c90c794/mf.gif' border='0'/><div class='mf-viral'><table border.....
Like mother, like son: The rise of female breadwinners and the changing role of women in society
Ahead of the centenary of the suffragette who threw herself under the King's horse at the Derby, businesswoman Emma Sinclair looks at the changing role of women in society.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
Ousted INM chief Gavin O'Reilly returns as rock agent
Gavin O'Reilly, the former chief executive of Independent News & Media, has re-emerged to lead the Agency Group, a live music company representing artists including Dolly Parton and Ringo Starr.<img width='1' height='1' src='http://telegraph.f.....
New BoE chief Carney will devalue sterling, Pimco warns
Mark Carney will try to devalue the pound by as much as 15pc after he takes over as Bank of England Governor in July in a last ditch attempt to cement the UK recovery, the world's largest bond house has warned.<img width='1' height='1' src='http:/.....
Carney will devalue sterling, PIMCO warns
Mark Carney will try to devalue the pound by as much as 15pc after he takes over as Bank of England Governor in July in a last ditch attempt to cement the UK recovery, PIMCO, the world's largest bond house, has warned.<img width='1' height='1' src.....
Network Rail chiefs pocket bonuses as punctuality falls
Network Rail's top five directors awarded more than 350,000 in bonuses despite train punctuality falling.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c90c795/mf.gif' border='0'/><div class='mf-viral'>.....
Industry welcomes first sign European lawmakers may soften stance on controversial transaction tax.....
Charterhouse mulls fund extension
UK buyout firm has primed investors to expect a 12-month extension request for its current €4bn fund.....
High-yield heads for a record year
Issuance in European currencies this year has already surpassed the amount raised over the whole of 2012.....
Profits surge at buyout giants capital markets arm
KKR Capital Markets Limited posted a six-fold increase in pre-tax profit in 2012.....
Theyre ba-ack! Private equity firms attempt to crack one of Europes toughest markets
Almost exactly eight years on from being branded 'locusts', a host of German private equity firms are raising funds to invest in the country's Mittelstand market.....
Funding head joins Co-op from RBS
Senior exec responsible for funding the balance sheet of RBS will join the Manchester-based lender on June 3.....
Warburg Pincus in talks with Mergermarket founder
Private equity firm is in talks with Caspar Hobbs about working together to source deals.....
Towers Watson stages a fund-of-funds rethink
The investment consultant, a critic of the fund of hedge funds industry, is planning to enter the sector.....
US banks pick off RBS talent
Morgan Stanley, Bank of America Merrill Lynch, Citi and Jefferies have all hired from RBS in the past few months.....
UBS in Triton fund rescue talks
The Swiss bank's asset management arm is fighting to save its £680m Triton Property Fund from liquidation.....
EU nations allowed to ease austerity
The European Commission has said it will allow some EU member states to slow their pace of austerity cuts, amid concerns over growth......
Energy firms hit by UK tax change
Chancellor George Osborne announces a change in tax rules to prevent businesses claiming capital allowances for costs met by other firms......
Lloyds sells off private banking arm
Lloyds, which is 39% owned by the UK taxpayer, has sold its international private banking arm to UBP of Switzerland.....
Jaguar Land Rover profits roar ahead
Profits at Jaguar Land Rover soar 11% to a record 1.67bn, helping to offset a fall at parent group Tata Motors......
Financial gripes 'reach 7,000 a day'
Consumers' lack of trust in financial firms led to a 92% rise in cases taken up by the financial ombudsman last year - with 7,000 queries and complaints each working day......
Digital cash arrests cause 'pain'
A leading security expert says he has seen evidence that criminals are suffering as a consequence of the Liberty Reserve arrests......
German unemployment rises in May
German unemployment rose during May, with bad weather and the high number of public holidays being blamed for the increase......
Cupid in talks over sale of websites
Online dating company Cupid plc confirms it is in talks about a possible offer for its "casual" dating business......
Security OK for Sprint-Softbank deal
Sprint and Japan's Softbank say US regulators have found no unresolved national security issues relating to Softbank's proposed takeover of the US mobile operator......
China's growth forecast cut by IMF
The International Monetary Fund cuts its economic growth forecast for China in 2013 to "around 7.75%", with the weak global economy set to hit exports......
Network Rail execs get pay bonuses
Network Rail's top five executives have been awarded bonuses equivalent to 17% of their annual salaries......
London Market Report
After Tuesday's sharp gains, the FTSE 100 drops more than 1% as investors look to take profits......
Retail sales 'down sharply' in May
UK retail sales fell at the fastest annual pace for 16 months in May, according to the CBI - a business lobby group......
Tenants' deposits 'must be safe'
A housing charity is urging tenants to check that their deposits are held in an official protection scheme......
Record industry denies failing stars
The BPI's chief executive hits back at accusations that labels are failing pop stars because of a lack of long-term investment in new artists' careers......
Ex-KPMG man admits insider trading
A former senior partner at KPMG agrees to plead guilty to insider trading, in a scandal that has damaged the accountancy giant's reputation......
Heathrow 'needs to close' for hub
If the government decides to expand Stansted or build a new estuary airport to form the UK's major air hub, Heathrow Airport will need to close, a transport think tank says......
Bayern Munich 'most valuable brand'
Bayern Munich has overtaken Manchester United to become the world's most valuable football brand, a branding agency says......
Australia ranked 'happiest' nation
Australia is ranked as the world's happiest nation among developed economies, according to the Organisation for Economic Co-operation and Development......
Portas High Streets still struggling
New research paints a mixed picture of success in the towns at the heart of the government's 1.2m Portas scheme intended to revive the High Street......
Payday lenders 'out of control'
The payday loan industry is "out of control", a charity says, following claims of irresponsible lending and harassment......
Agreements reached on spending plans
Chancellor George Osborne says seven departments, including justice, energy and local government, have agreed savings of up to 10% for 2015......
OECD cuts eurozone growth forecasts
The OECD has again cut its growth forecasts for the eurozone and called on the European Central Bank to consider doing more to boost growth......
US house prices 'see strong rise'
US house prices see their biggest annual rise in nearly seven years while consumer confidence hits a five-year high, boosting US stock markets......
UK and Germany 'oppose China duties'
The UK and Germany are among at least 14 EU members against proposals to impose punitive tariffs on Chinese solar panel imports, according to diplomats......
New bid approach for Coventry City
Coventry City are approached by an Asian consortium looking to take total control of the League One club......
AUDIO: I wanted to be a footballer - Sainsbury's boss Justin King
Sainsbury's chief executive Justin King talks to School Reporters about his early career plans, his business philosophy - and his first kiss!.....
VIDEO: Tata Motors sees first sales decline
Tata Motors has grown rapidly, but a slowing economy has prompted sales to fall for the first time in over a decade.....
VIDEO: EU nations allowed to ease austerity
The European Commission has said it will allow some EU member states to slow their pace of austerity cuts, amid concerns over growth......
VIDEO: 'Portas Pilots' struggle one year on
BBC research into the government-funded "Portas Pilot" towns reveals that 10 out of 12 towns have seen a fall in the number of occupied shop units......
VIDEO: 'I've seen a huge drop in trade'
Ten of the 12 government-funded "Portas Pilot" towns have seen a fall in the number of occupied shop units......
VIDEO: Emigration 'tough on Irish economy'
Youth organisations in Ireland are warning that the number of young people emigrating could be devastating for the country's economy......
VIDEO: OECD: UK austerity 'necessary'
The OECD has cut its growth forecast for the UK to just 0.8% this year, saying that austerity plans had affected growth, but that the measures were "necessary"......
VIDEO: IMF cuts China growth forecast
The International Monetary Fund has cut its growth forecast for China to 7.75% from 8%, warning that a weak world economy could lead to a fall in demand for Chinese goods......
Why leasing a new shop can be hard
'Why can't I find an empty shop in a town of boarded-up premises?'.....
Can UK economy cope with another shock?
Could the UK economy withstand another shock?.....
India's ancient university returns to life
University accepts first new students for 800 years.....
Asia's new frontier
The challenges of tapping Burma's massive economic potential.....
Squash stars hope for Olympic bounce
Players hope for higher pay as sport makes Olympic bid.....
LCD screen pioneer looks to future
LCD screen tech pioneer looks to the future.....
Sainsbury's chief executive Justin King Q&A
Who would the Sainsbury's boss like to switch places with?.....
U.S. Day Ahead: Expect more signs of economic strength
May 29 - If you are trying to bet on where the Fed will go next, then focus on initial jobless claims and revised GDP numbers on Thursday......
NEWSMAKER: U.S. Fed being asked to do too much - Volcker
May 29 - Former Federal Reserve chairman Paul Volcker says the U.S. central bank shouldn't be called upon to support every sector of the economy and feels there are too many regulatory agencies in the country......
FACTBOX: China's food fervor and fiascos
May 29 - China's Shuanghui International said it would buy Smithfield Foods to help satisfy growing demand for U.S. meat in its home market, which has suffered from a series of food safety scandals......
Balloons set to take wind power to new heights
May 29 - Boston-based company Altaeros has developed a new wind power generator in the form of a giant balloon they say will offer a cheap renewable energy alternative to communities off the grid. Ben Gruber has more......
Techquity: Not liking Facebook, Google goes shopping
May 29 - Users and advertisers ask Facebook to be more vigilant about cracking down on hate speech. Plus, Google beefs up its retail offerings......
Daily Digit: Sales at Kors hit $2.2 bln
May 29 - Sales at Michael Kors hit $2.2 billion for the fiscal year driven by luxury spending around the globe. Conway G. Gittens reports......
OECD cuts world economic forecast
May 29 - The outlook for global economic growth remains weak, according to the latest OECD report. Kirsty Basset reports that while the United States and Japan shows signs of picking up, the euro zone is still mired in recession......
Trading at Noon: Smithfield China deal shocks investors
Correspondent Greg Roumeliotis......
Breakingviews: Bringing home the bacon
May 29 - Rob Cox and Robert Cyran discuss Shuanghuis $4.7 bln deal to buy Smithfield and the Chinese companys strategy to export good pork out of the U.S......
Heart shunt implant shows promise as treatment for millions
May 29 - Diastolic heart failure is responsible for more than half of all cardiac failure. The condition is usually treated with drugs, but now, a new device being tested in the Czech Republic could provide more effective treatment for millions of su.....
Europe looks for answers to youth unemployment
May 29 - Tackling youth unemployment will be high on the agenda at the European Council in June, with 64 per cent youth unemployment in Greece, and 57 per cent in Spain. As Kirsty Basset reports, French President Francois Hollande is calling for urge.....
Europe Day Ahead: Banking union to top "Merkande" agenda
Hollande and Merkel meet to discuss the thorny issue of banking union. Also tomorrow: Italy sells bonds, revised Spanish GDP, euro zone consumer and business sentiment expected to rise. Yes, rise......
Man U ejected from brand throne
May 29 - Bayern Munich, which won the Champions League title at the weekend, knocks Manchester United from the top spot in brand value for the first time in seven years, with a brand valuation of 668 million euros. Ciara Sutton finds out what gives t.....
Global joblessness to hit 200mln this year ILO
May 29 - Global unemployment will hit 200mln this year, and declarations of intent to tackle the problem will mean nothing without action, says International Labour Organisation director general Guy Ryder......
Global joblessness to hit 200mln this year ILO
May 29 - Global unemployment will hit 200mln this year, and declarations of intent to tackle the problem will mean nothing without action, says International Labour Organisation director general Guy Ryder......
U.S. seizes Liberty Reserve over money laundering
May 29 - U.S. prosecutors have seized control of digital currency exchange Liberty Reserve, accusing it of helping criminals around the world launder more than $6 billion in illicit funds linked to everything from child pornography to software for ha.....
U.S. also fighting youth unemployment war - Hormats
May 29 - Bob Hormats, U.S. Under Secretary of State, says it's not just Europe which is fighting youth unemployment, but the U.S. focus on training and skills is working......
Market Pulse: Beginning of a U.S. bond bear market? Not so fast
May 29 - U.S. Treasury yields above 2% and rising, probably up to 2.3% in the near term says IdeaGlobal's Mike Gallagher. But the start of a multi-year bear market? Not so fast......
China netizens hope writing's on the wall for rude tourists
' Anita Li......
Breakingviews: Europe yields to austerity reality
May 29 - European countries are to get more time to hit hair-shirt deficit targets, but the snag is that gentle markets will ease pressure for reform, says Breakingviews......
Gurria on OECD's Economic Outlook
May 29 - The OECD Secretary General, Angel Gurria, gives his review of the global economy and when the Fed should begin to taper monetary stimulus......
Luxembourgs Frieden on austerity, tax
May 29 - Is Luxembourg, one of the last proponents of austerity, ready to change its tack on the subject? We speak to Finance Minister Luc Frieden......
FACTBOX: U.S. jets struggle to evade Chinese hackers
May 29 - Weaknesses across the U.S. defense supply chain mirror those in the broader private sector, with hackers from China able to spirit away critical research and data despite efforts to secure both......
Reuters Today: No calm for "hypersensitive" markets
Today is live from Paris where the OECD publishes its latest global growth forecasts. Choppy markets on U.S. data alert, as the dollar continues to ride high, says HSBC's Daragh Maher......
Remember Grexit? Forget it. Ain't happening-Greek finmin
at the OECD......
Warren Buffett buys Las Vegas power supplier NV Energy for $5.6bn
Berkshire Hathaway's power production unit MidAmerican Energy is to pay $5.6bn (3.7bn) for NV Energy, the electric utility that serves Las Vegas and its power-hungry casinos.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....
News Corp accused of appeasing DoJ over 'leak'
News Corporation has been accused of mollifying the US Department of Justice in a row over one of its Fox News journalists, as it seeks to stem the potential fallout from the investigation into police bribery at News Corp's UK newspapers.<img widt.....
Francois Hollande tells European Commission it can't 'dictate' to France
Francois Hollande has warned the European Commission not to "dictate" orders on how France should run its economy after the Brussels executive called for urgent eurozone reforms to avert a "social emergency".<img width='1' height='1' src='http://t.....
France must reform or the euro will die
Francois Hollande has accused Brussels of "dictating" cuts to France's cherished social model.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c94fcac/mf.gif' border='0'/><div class='mf-viral'><table .....
OECD calls for NHS ringfence to be reconsidered
The Government should rethink its decision to protect the health service from spending cuts as "much more needs to be done" to get the UK's public finances in order, the Organisation for Economic Co-operation and Development has said.<img width='1.....
No saviour in sight as world credit cycle rolls over
This may be as good as it gets for the world economy. The HSBC index for the global business cycle hit a three-year high around Easter, and has since rolled over.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c.....
Lloyds continues sale of private banks
Lloyds Banking Group has sold two private banking businesses as the state-backed lender continues to cut its international presence as part of its turnaround plan.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....
China demand drives Jaguar Land Rover to record profits
Jaguar Land Rover has outlined plans to invest 2.75bn over the coming year on the back of record sales and profits, driven by accelerating demand from China.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c93fb2.....
Boris Johnson unveils plan for 1bn Chinese business district
Boris Johnson, the Mayor of London, has unveiled a 1bn project to turn the capital's docklands into a Chinese business district, creating 20,000 jobs.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c943f1c/mf.gi.....
Nasdaq fined $10m over Facebook IPO mistakes
Nasdaq has agreed to pay $10m (6.6m), the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes made during Facebook's initial public offering last year.<img width='1' height='1' src='http://telegraph.....
Sir Mervyn King to bow out with a song on Desert Island Discs
BBC declines to disclose the central bank governor's musical choices before Sunday's broadcast.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c943f20/mf.gif' border='0'/><div class='mf-viral'><table.....
FTSE 100 gives up gains
London's blue-chip index erased the 1.6pc rise it experienced on Tuesday<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c943aa1/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr&g.....
Business news and markets: as it happened - May 29, 2013
The European Commission has warned that France's economic resilience is diminishing as it grants a raft of extensions for members to meet budget deficit targets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c9.....
OECD warns of zero growth in eurozone this year
Pier Carlo Padoan, chief economist at the OECD, says there will be no growth in the eurozone in 2013 and warns of high unemployment in the EU.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c931d95/mf.gif' borde.....
Business news and markets: live
The European Commission has warned that France's economic resilience is diminishing as it grants a raft of extensions for members to meet budget deficit targets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c8.....
Gulf Keystone seeks new chairman as it inches toward main market listing
Gulf Keystone Petroleum's chief executive Todd Kozel is giving up the role of chairman, as the AIM-listed oil explorer continues its slow progress towards a main market listing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....
Royal Mail banks in spotlight over Libor-rigging
The government is facing questions over its decision to hand the potentially lucrative mandate to float the Royal Mail to banks involved in the manipulation of Libor.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....
Share tips: three UK companies to buy
Richard Plackett, of the BlackRock UK Special Situations fund, picks out three of his favourite stocks.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c925ed7/mf.gif' border='0'/><div class='mf-viral'>&.....
We won't pay your pensions, firms threaten
Workers risk losing the pension savings they are entitled to because some employers plan to break a new law requiring them to enrol all their staff into a pension scheme.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....
Nine more countries sign deal to clampdown on tax avoidance
More information for HMRC as Austria, Luxembourg and seven more countries join tax deal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c90c794/mf.gif' border='0'/><div class='mf-viral'><table border.....
Like mother, like son: The rise of female breadwinners and the changing role of women in society
Ahead of the centenary of the suffragette who threw herself under the King's horse at the Derby, businesswoman Emma Sinclair looks at the changing role of women in society.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
Ousted INM chief Gavin O'Reilly returns as rock agent
Gavin O'Reilly, the former chief executive of Independent News & Media, has re-emerged to lead the Agency Group, a live music company representing artists including Dolly Parton and Ringo Starr.<img width='1' height='1' src='http://telegraph.f.....
New BoE chief Carney will devalue sterling, Pimco warns
Mark Carney will try to devalue the pound by as much as 15pc after he takes over as Bank of England Governor in July in a last ditch attempt to cement the UK recovery, the world's largest bond house has warned.<img width='1' height='1' src='http:/.....
Carney will devalue sterling, PIMCO warns
Mark Carney will try to devalue the pound by as much as 15pc after he takes over as Bank of England Governor in July in a last ditch attempt to cement the UK recovery, PIMCO, the world's largest bond house, has warned.<img width='1' height='1' src.....
Network Rail chiefs pocket bonuses as punctuality falls
Network Rail's top five directors awarded more than 350,000 in bonuses despite train punctuality falling.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c90c795/mf.gif' border='0'/><div class='mf-viral'>.....
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