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Sunday 23 June 2013

UK Financial News on 2013-06-23

Starbucks pays UK corporation tax
Coffee giant Starbucks pays corporation tax in the UK for the first time in four years, the company announces......

EU split on future bank bailouts
EU finance ministers fail to agree on how to rescue troubled banks in any future crisis, with countries split on whether savers should bear some of the burden......

Osborne: Jobs cut as MoD agrees deal
The Ministry of Defence has reached a budget deal which will see a further cut in the number of its civilian staff, the chancellor says......

UK and China in 21bn currency deal
The Bank of England and its Chinese counterpart agree a currency deal likely to boost trade between the UK and China in the yuan......

Town centres 'missing out on retail'
Research suggests the government's new planning rules are doing little to coax local authorities into locating big new retail developments in town centres......

VIDEO: Can all Dubai's malls survive?
Dubai continues to build and expand high-end shopping malls but what happens to the shopping centres that have become tired and unfashionable?.....

VIDEO: Sir Mervyn King's decade at the Bank
Stephanie Flanders looks at Sir Mervyn King's legacy after ten years at the helm of the Bank of England......

VIDEO: Are Dubai buildings earthquake safe?
Dubai is well-known for its tall towers but tremors felt in the city earlier this year, from earthquakes in the region, caused alarm - if no damage......

VIDEO: Balls urges more to boost economy
Shadow chancellor Ed Balls has said the government should be doing more to boost the economy in order to avoid the need to make further spending cuts......

VIDEO: Osborne 'to secure the recovery'
George Osborne has said the British economy is "out of intensive care", ahead of this week's spending review in which he will outline 11.5bn in public spending cuts......

VIDEO: US immigration reforms prove divisive
President Obama has made immigration reform one of his top priorities, but workers and companies both at home and abroad have voiced concerns about the changes......

VIDEO: Running an ice cream shop in civil war
Bakdash is an ice cream shop in the heart of Damascus - which before the civil war was popular with locals and tourists alike......

Buzz Aldrin calls for a Mars colony
Buzz Aldrin's rallying call to mankind.....

Voucher trend moves to small stores
Independent stores tackle the big chains with voucher schemes.....

Badminton robot a study in energy efficiency
June 23 - Belgian scientists are developing a badminton-playing robot to demonstrate how new software can optimise energy efficiency in production machines. Tara Cleary reports.....

Vodafone to unveil fresh bid for Kabel Deutschland
Vodafone is expected to unveil a preliminary deal to buy Germany's biggest cable operator on Monday after raising its original offer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2daf00e9/mf.gif' border='0'/>.....

Rising beef prices turn meat-eaters on to Quorn
More than half of all customers of Quorn Foods are now non-vegetarian - the vegetarian specialist's chief executive claims.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2daf48b2/mf.gif' border='0'/><div c.....

Barclays to sell on data from savers and track mobile phones
Barclays Bank is to start selling data on its millions of current and savings account customers to other companies for the first time.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2daf48b3/mf.gif' border='0'/&g.....

We need more babies if we're to bounce back
Charles Moore reviews When the Money Runs Out by Stephen D King (Yale)<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2daf48b4/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr>.....

It can't be done, George Osborne
Until the Chancellor tackles the relentless growth of 'social protection', he will not make a dent in our deficit, says Jeff Randall<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2daea8f3/mf.gif' border='0'/>.....

Let's overcome the defeatist narrative and win the battle for the commercial spirit of Britain
This is our generation's Churchill moment, a battle for the commercial spirit of Britain. It is a fiercely urgent moment in our history, a battle for growth, a struggle for the restitution of the can-do spirit.<img width='1' height='1' src='http:/.....

BIS fears fresh bank crisis from global bond spike
Soaring bond yields across the world threaten trillion of dollars in losses for investors and a fresh financial crisis unless banks are braced for the shock, the Bank for International Settlements has warned.<img width='1' height='1' src='http://t.....

Week ahead in business and economics: June 24-28
Troubled miner Bumi readies for an eventful AGM and the UK's double-dip recession could be wiped from the history books.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dae5220/mf.gif' border='0'/><div clas.....

Commodities: Has Fed chairman Bernanke just knocked the last nail into gold's coffin?
Last week was one of the worst for commodity markets in months, after the Fed chairman mapped out a timetable for unwinding QE.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dae5224/mf.gif' border='0'/><d.....

Ask John: Boffins at university seldom develop into captains of industry
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/2dade7dc/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><.....

China breaks silence on cash crunch
The People's Bank of China (PBOC) alllowed the nation's lenders to approach crisis point this week as part of a crackdown on shadow finance, the government has indicated.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....

The challenges Mark Carney faces as Bank of England Governor
Philip Aldrick considers the scale of the task for the Bank of England's new governor.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dada659/mf.gif' border='0'/><div class='mf-viral'><table border='.....

Nationwide in dispute with regulator over black hole
Nationwide is expected to raise around 500m of new capital in the next few weeks as part of efforts to fill a hole identified by the regulator.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dae5226/mf.gif' bord.....

Nationwide in dispute with regulator
Nationwide is expected to raise around 500m of new capital in the next few weeks as part of efforts to fill a hole identified by the regulator.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dadd900/mf.gif' bord.....

US stops buying bonds - but pension schemes carry on
America's central bank is to stop QE, which spells bad news for bond holders.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2daa1a03/mf.gif' border='0'/><div class='mf-viral'><table border='0'><.....

Want advice from Barclays? You'll need 100,000
Barclays has stopped giving investment advice to customers with less than 100,000 to invest.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2daa1a04/mf.gif' border='0'/><div class='mf-viral'><table bo.....

Dashwood: Only those with financial integrity need apply
Hot on the heels of appointing Charlotte Hogg as chief operating officer, incoming Bank of England Governor Mark Carney is on the lookout for a new finance director.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....

Starbucks confirms it has paid first corporation tax since 2008
Starbucks, the coffee giant, bowed to customer pressure and paid corporation tax for the first time since 2008.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dacf142/mf.gif' border='0'/><div class='mf-vir.....

New 3bn offer to take ENRC private confirmed
The billionaire founders of ENRC, the troubled FTSE 100 miner, have confirmed they are on Monday set to table an unchanged bid to take the company private - an offer which is now worth less than it was when rejected last month.<img width='1' heigh.....

Investors turn on Osborne over RBS interference
Investors in the Royal Bank of Scotland have criticised the amount of government interference in the state-backed institution following the ousting of Stephen Hester and the Chancellor's plans to carve out a "bad bank".<img width='1' height='1' sr.....

Co-op unlikely to claw back cash over 1.5bn black hole
The Co-op Group is unlikely to be able to claw back any money from the former chief executive, Peter Marks, or the former bank head, Neville Richardson, despite the revelation that the bank had a 1.5bn capital shortfall.<img width='1' height='1' s.....

Starbucks pays first tax since 2008
Starbucks has made its first corporation tax payment to HMRC since 2008, paying 5m for the first six months of the year despite the business making a loss of 30m in the UK.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

New 3bn offer to take ENRC private
The founders of the mining giant ENRC are poised to table an unchanged 3bn offer in order to take the troubled company off the London market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2da77cac/mf.gif' border.....

Walsh attacks 40pc Heathrow price rises
Willie Walsh, chief executive of International Airlines Group, the owners of British Airways, has attacked Heathrow Airport for applying to charge airlines 40pc more to use the airport over the next five years.<img width='1' height='1' src='http:/.....

Top hats and tails, but Ascot feels the pinch
It was hardly discernible given the demand for finger sandwiches and champagne at Royal Ascot last week but even the racecourse's well-heeled customers are feeling austerity's pinch.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....