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Sunday 2 June 2013

UK Financial News on 2013-06-02

Sir Mervyn: Public right to be angry
Outgoing Bank of England governor Sir Mervyn King speaks of his sympathy for public frustration at the country's sluggish growth......

Barclays 'aiding digital cash probe'
One of the accounts belonging to seized digital money service Liberty Reserve was held by UK bank Barclays in Spain, court documents show......

Energy tariffs 'still too complex'
Proposals to simplify energy tariffs and make it easier to compare different providers are still too complicated, a consumer group warns......

Andorra to introduce income tax
Andorra is to introduce a tax on personal income for the first time as it faces pressure from the its European neighbours to tackle tax evasion......

VIDEO: 'New energy tariffs still confusing'
Proposals to simplify energy tariffs, and make it easier for customers to compare them, are still too complicated according to the consumer group Which?.....

VIDEO: Your Money: Making cash complaints
This week's Your Money looks at advice on how to deal with complaints about financial services, whether your book collection is a possible goldmine, and the challenges facing parents and children in an increasingly cashless society......

VIDEO: US man plans 'marijuana brand'
A former Microsoft executive is planning to create the first American marijuana brand, using drugs imported legally from Mexico......

Burma: Asia's last frontier opens up
How the opening up of Burma is bringing in investors.....

Telepathy One sets sights on Google Glass
June 2 - A Japanese startup company is taking on tech titan Google, with a wearable computer it plans to have in stores by the end of 2013. Called Telepathy One, the device looks much like Google Glass but differs in at least one important way - it's.....

Thousands of Blockupy protesters gather in Frankfurt
Up to 20,000 anti-capitalist protesters from "Blockupy" are expected to gather in Frankfurt for a second day of demonstrations against the handling of the European debt crisis. Sunita Rappai reports......

Troubled Turkey faces market turmoil after riots
Turkey's financial markets are braced for trouble this week after five days of anti-government protests across the country that left at least 79 people injured, gravely damaging the image of Europe's rising star.<img width='1' height='1' src='http.....

Crisis-torn Co-op Bank suffers cash breakdown
Troubled Co-Operative Bank suffered a breakdown in some of its cash machine services on Sunday as executives wrestled with rescue plans to ease a financial crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....

Betfair bid looked an odds-on cert, so how did it fail?
Richard Koch admits to Alistair Osborne he's slightly mystified over losing out on Betfair.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cbea9fb/mf.gif' border='0'/><div class='mf-viral'><table bor.....

Bumi refused asset freeze over sale, says Rothschild
Nat Rothschild urged the Bumi board to obtain a freezing order against the assets of former director Rosan Roeslani to boost the company's prospects of recovering missing funds.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

'BP wrecked our Gulf' says Robert Kennedy Jr
BP is "getting off lightly" for the Gulf of Mexico disaster, a prominent member of America's most famous political dynasty has claimed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cbea9fd/mf.gif' border='0'/&.....

Betfair bid 'could have been a contender'
The investor behind last month's near-1bn tilt at Betfair believes a deal could have been done if the board had extended the bid and provided earlier access to chief executive Breon Corcoran.<img width='1' height='1' src='http://telegraph.feedspor.....

Primark to take cheap clothes to chic France
Primark will take its "cheap chic" to France later this year by opening a flagship store close to the Cote d'Azur.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cbea9ff/mf.gif' border='0'/><div class='mf-.....

UK businesses must use their 700bn war chest to sweep away the fog of uncertainty and grow
Green shoots is a term which has come to define the search for strong and sustained economic recovery over the past five years, as upticks in consumer spending, house prices or employment figures have shown signs that the UK economy is finally on the.....

As safe as houses? There could be a high price to pay for creating a boom
Over the years that I have been writing for this newspaper no subject has brought forth more reaction from my readers than the housing market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cbe2f5a/mf.gif' borde.....

Tesco in 'choppy waters' as like-for-like sales fall back
Supermarket giant Tesco will find itself back in "choppy waters" this week when it admits like-for-like sales are falling across its global businesses, including in the UK.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

BIS records startling collapse of eurozone interbank loans
Cross-border lending is falling drastically across the western world as banks slash exposure to Europe and bend to tougher capital rules, according to data from the Bank for International Settlements.<img width='1' height='1' src='http://telegraph.....

Monday Interview: Olympics chief Lord Deighton
The peer who ran the Olympics is helping to make infrastructure sexy .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cbdcd6b/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr>.....

Monday Interview: Lord Deighton
The peer who ran the Olympics is helping to make infrastructure sexy .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cbd7f5d/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr>.....

Key franchise role for suspended official
One of the three civil servants suspended over the 50m West Coast rail fiasco is now playing a key role overseeing a competition for a 15-year contract to run trains between London and the Essex coast.<img width='1' height='1' src='http://telegrap.....

Barclays dragged into money laundering case
Barclays is co-operating with US authorities investigating a huge money laundering operation after the discovery that the key figure was one of its customers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cbd73.....

Commodities: Opec's caution reflects fears of oil oversupply
The headlines did not quite reflect the wider drama as the Organisation of the Petroleum Exporting Countries (Opec), the cartel of 12 oil-producing nations, met behind closed doors on Friday.<img width='1' height='1' src='http://telegraph.feedspor.....

Week ahead in business and economics: June 3 - 7
ENRC's annual general meeting on Wednesday could offer some fireworks as well as some insight into the workings of the troubled FTSE 100 miner, currently the focus of a Serious Fraud Office (SFO) investigation.<img width='1' height='1' src='http:/.....

Ask John: Home can put the heart back into the working life
Straight-talking, common sense from the front line of management.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cbd113b/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><t.....

Japan Airlines finds fault on modified Dreamliner
More battery-related problems aboard a Boeing Dreamliner forced Japan Airlines (JAL) to use an alternative aircraft on Sunday, just one day after it resumed full service of the troubled 787 fleet.<img width='1' height='1' src='http://telegraph.fee.....

Andorra bows to EU pressure to introduce income tax
Andorra is to introduce personal income tax, effectively putting an end to its status as a tax haven as it comes under pressure from its European neighbours.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cbdcd6.....

Andorra bows to EU pressure with income tax bid
Andorra is to introduce personal income tax, effectively putting an end to its status as a tax haven as it comes under pressure from its European neighbours.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cbc84e.....

Dashwood: Bank of England governor dances out into six-month 'gap year'
First cookery classes, now the foxtrot for Sir Mervyn.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cb8d42e/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td valign='m.....

Greed is no longer good, says King
The backlash against City greed following the financial crisis will be "good" for society, Sir Mervyn King, the Bank of England's outgoing Governor, has claimed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cb.....

Bank governor slept easy during crisis
There were no sleepless nights for the Governor of the Bank of England at the height of the financial crisis that dominated his tenure.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2cbba18b/mf.gif' border='0'/&.....

France worse off than UK in the 1970s: Axa chief
France is in a worse state than Britain was at the time of its 1976 bail-out by the International Monetary Fund, one of the nation's best-known businessmen has declared.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....