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Monday 27 May 2013

UK Financial News on 2013-05-27

Co-operative Bank appoints new boss
Troubled lender Co-operative Bank appoints former HSBC banker Niall Booker as its new chief executive......

Mercedes QR codes aim to save lives
Mercedes-Benz is to paste QR codes onto its vehicles to help rescue workers access schematic diagrams and save car crash victims......

Club Med investors in takeover bid
French holiday firm Club Med looks set to be taken over by two of its shareholders in a deal that values the company at 541m euros (463m; $700m)......

Raids take digital cash firm offline
Digital money transfer service Liberty Reserve goes offline as Costa Rica announces the arrest of its founder and raids on his properties......

Google boss 'perplexed' over tax row
Google's executive chairman Eric Schmidt says it is up to governments to reform tax policy not companies......

Merkel cools EU-China trade war talk
German Chancellor Angela Merkel says she wants to reach an agreement with China over import tariffs and avoid triggering a damaging trade war......

Germany to test anti-graffiti drones
Germany's national railway company, Deutsche Bahn, plans to test small drones to thwart vandals who spray graffiti on its property......

Australia to ban live betting odds
Australia unveils plans to ban television and radio stations from broadcasting betting odds during live sports matches in a bid to curb problem gambling......

Japan restarts Dreamliner flights
Japan's All Nippon Airways resumes commercial flights of the Boeing 787 Dreamliner for the first time since the planes were grounded over safety fears......

Kerry hails Palestinian economy plan
US Secretary of State John Kerry says a plan to increase investment in the Palestinian economy could boost it by 50% in three years......

Fears raised for Little Chef brand
The Little Chef brand could disappear from the UK's roadsides if it is bought by a larger chain, its owners warn......

Shops given 'lads' mags' warning
Retailers are being warned they could face legal action if they continue to sell magazines showing naked and semi-naked images of women......

New laws to protect park home owners
Residents of mobile home parks in England are given new rights to protect them from rogue site operators who make their lives a misery......

Japan announces fresh aid to Burma
Japan announces fresh aid to Burma, during a landmark visit by Japanese PM Shinzo Abe aimed at boosting economic ties......

VIDEO: Protection for park home owners
People who live in or own static caravans, or "park homes", have new legal protection from unscrupulous site owners......

VIDEO: Low prices draw Chinese to UK
Big name brands and designer labels are attracting Chinese visitors to Britain for their holidays, but the UK is still lagging behind France, Italy and Germany......

VIDEO: Japan restarts Dreamliner flights
Japan's All Nippon Airways has resumed commercial flights of the Boeing 787 Dreamliner for the first time since the planes were grounded over safety fears......

VIDEO: Hopes of India vaccine breakthrough
India may be a leading producer and exporter of vaccines, yet the government's immunisation programme fails to reach an estimated 28% of babies born there......

Indie label Cherry Red rocks on at 35
The tireless detective work behind rock album reissues.....

What's the big idea?
How do you turn a genius idea into a fortune?.....

Robin Hood
The jewellery designer who takes from the rich to give to the poor.....

Europe Day Ahead: Franco-German 'New Deal' on jobs
May 27 - French and German finance and labour ministers meet to discuss plans to tackle soaring youth unemployment, while Austria's Raiffeisen could name an interim CEO when it posts Q1 numbers......

Market Pulse: Beware Japan, but buy Italy and Spain - ING
May 27 - Japan-led volatility may still drive European markets this week but stay long peripheral euro zone bonds, says ING. Plus, Fiat jumps 4% on Chrysler reports and Bertelsmann's 3 bln spending spree......

Long march to free the yuan gains pace
May 27 - There's a fresh flurry of signs China may be set to further liberalize its currency. That's likely to result in more volatility -- but also points to its growing international clout......

Reuters Today: Japan's half-bear market, lesbian Cannes win
May 27 - Japanese stocks slide 3%, taking the Nikkei half way towards bear market territory. Anti-same sex marriage protests in Paris turn violent, while a lesbian love story scoops the top prize in Cannes......

Gas is burning brightly, but silver begins to tarnish as China slows
China is key to commodity market performance and signs of a slowdown have resulted in commodities being the worst performing asset class in the year so far.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c7a77ec.....

Moulton hails crowd-funding as he supports new venture
Top private equity financier Jon Moulton has thrown his weight behind a new crowd-funding business aimed at providing early stage financing to new firms struggling to get loans from banks.<img width='1' height='1' src='http://telegraph.feedsportal.....

You can't blame big firms for avoiding tax
Britain's tax system is a complicated and unfair mess - a simpler, fairer system would benefit all, writes Matthew Sinclair<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c7a77ee/mf.gif' border='0'/><div c.....

Start-ups asked to pledge equity to charity
Entrepreneurs are being told to give up 1pc of the equity they hold in their start-ups to a "charity they feel passionate about" by a new campaign that is aiming to get time and cash-poor company founders to support good causes.<img width='1' heig.....

Big banks are stifling loans sector, say lenders
Leading alternative lenders have accused banking giants of stifling the sector by blocking loans they have agreed with small businesses.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c7a77f0/mf.gif' border='0'/.....

Lack of investment 'costing SMEs billions'
Small and medium-sized companies are turning down orders worth more than 5.4bn because of an unwillingness to invest in new equipment, research has found.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c7a77f1/m.....

Burnley sand fit for an Arabian racecourse
James Hurley continues The Telegraph's series on the champions of British exports .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c7a77f2/mf.gif' border='0'/><div class='mf-viral'><table border='0'&.....

Germany's largest tabloid newspaper to go behind paywall
German tabloid Bild said Monday it will introduce a paywall for part of its online offerings starting next month, the first to charge for content in Europe's largest economy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

Fuelling the dream of clean cars
Cella Energy may have the solution for carmakers trying to win support for hydrogen power, writes Amy Wilson .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c79cfba/mf.gif' border='0'/><div class='mf-vira.....

Majority of EU states oppose Chinese solar panels duties
A majority of EU governments opposed a plan to impose hefty duties on solar panel imports from China, undermining efforts by Brussels to pressure Beijing over its trade practices.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

The future for British shops is bright, but retailers must get the mix right to attract customers
Last Thursday I spent the morning in Hampshire with Denise Van Outen, Steve Power from Wave 105 radio station and some very thirsty coffee-drinkers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c799276/mf.gif'.....

Why defence spending can help to promote longer-term growth
Defence spending is being cut across much of the developed world. The budgetary motivations for this are clear; the strategic, geopolitical and terrorism-related implications less so. But what are the macroeconomic implications?<img width='1' heig.....

Club Med investors make 460m takeover bid
A Chinese investor is hoping to bring a bit of French Riviera sparkle to the Middle Kingdom with a joint 541m (463m) bid for Club Mediterranee, the holiday pioneer that offered its clients "a touch of paradise" in its heyday.<img width='1' height=.....

Week ahead in business and economics: May 28-31
Water utility Severn Trent will be watched like never before when it unveils annual results this week, less than a fortnight after it received a takeover approach.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....

RBS prepares succession plan for Hester
Royal Bank of Scotland is grooming Nathan Bostock, the state-backed lender's restructuring boss, for the top job as part of long-term plans to replace chief executive Stephen Hester.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....

Economics profession booming in the gloom
UK economic consultancies have the kind of export success that crisis-hit industries can only dream of.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c77af87/mf.gif' border='0'/><div class='mf-viral'>&.....

HSBC veteran Niall Booker to lead troubled Co-op bank
The Co-operative Group has hired a former senior HSBC director to take charge of its struggling banking arm.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c76d266/mf.gif' border='0'/><div class='mf-viral'.....

Nikkei tumbles 3.2pc on Japanese recovery jitters
The Nikkei tumbled 3.2pc on Monday on a combination of concerns for Japanese investors, including minutes from a central bank meeting that showed high-level scepticism around the country's plan to escape deflation.<img width='1' height='1' src='ht.....

EU quizzes operators over Apple iPhone contracts
European watchdogs have invited mobile operators to weigh in on Apple's iPhone distribution tactics, over concerns they block competition from other smartphone makers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....

Tweet your way to profitable trading
Amateur investors are starting to use social media to guide their trades.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c71e6e4/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr&.....

Landlords leap on cheap loans as first-time buyers falter
Buy-to-let mortgage applications have soared by 26pc in the past year as landlords seek to take advantage of the "perfect conditions" created by low interest rates and state-subsidised lending.<img width='1' height='1' src='http://telegraph.feedsp.....

Schmidt 'perplexed' by Google tax row
Google boss Eric Schmidt will tell a radio audience today he is "perplexed" by the debate over the company's tax affairs.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c71e6e6/mf.gif' border='0'/><div cla.....

RBS names former FSA man as head of conduct
Royal Bank of Scotland has responded to concerns about ethics in the financial services industry by appointing a former regulator to oversee the bank's culture.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c6e.....

Buy-to-let mortgages soar
Buy-to-let mortgage applications have soared by 26pc in the past year as landlords seek to take advantage of the "perfect conditions" created by low interest rates and state-subsidised lending.<img width='1' height='1' src='http://telegraph.feedsp.....

Lotus F1's 56m loss is motorsport's biggest
The Lotus Formula One team last year recorded the biggest loss of any outfit in motorsport history, according to its latest accounts.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2c6ea6f3/mf.gif' border='0'/>.....