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Sunday 30 June 2013

UK Financial News on 2013-06-30

Payday loans 'need more regulation'
Ahead of Monday's summit on so-called payday lenders, consumer group Which? calls on the government to introduce tighter regulation......

Mobile phone 'roaming' costs to fall
The cost of using a mobile phone in another European Union country will fall again on Monday......

Ex-bank boss 'sorry' for Anglo tapes
Former Anglo Irish Bank CEO apologises for the "inappropriate" language he used in recorded phone calls during the bank's collapse in 2008......

Chinese banking system 'stable'
China's banking system is stable despite ongoing fears of a "credit crunch" spooking financial markets, according to the country's top regulator......

Cyprus debt 'default' over bond swap
Cyprus's debt ratings are cut to "default" by Standard & Poor's after it announces it will delay paying back 1bn euros ($1.3bn, 860m) of bonds......

PM making historic Kazakhstan visit
David Cameron says he will raise human rights with Kazakhstan's president as he becomes the first serving UK prime minister to visit the country......

VIDEO: Cost of using mobile abroad to drop
From Monday mobile phone operators are being forced to bring their so-called roaming charges down across Europe......

VIDEO: Selling skateboarding to the masses
Long the sport of choice for rebellious teenager, skateboarding is growing in popularity in Dubai and has gained the unlikely support of the ruling family......

AUDIO: UK 'may face energy problems'
The energy regulator Ofgem has warned that the risk of power cuts has increased in the UK......

VIDEO: Pharmacist's journey from India to UK
Indians working overseas produce the equivalent economic output to nearly a quarter of India's GDP, according to government estimates,.....

Croatian olive growers gear up for EU challenge
Croatian olive growers are wary about joining the EU.....

Researchers project the future of smart phones
June 30 - Researchers at the University of Tokyo are developing indoor projection technology that incorporates a sense of touch for interactive devices of the future. The system emits ultrasonic waves to generate pressure a user can feel and could on.....

Markets need clarity on Fed intentions: Carlyle's Rubenstein
Breakingviews Editor Rob Cox at the Aspen Ideas Festival......

Governor Carney urged by former Chancellor to ditch QE
The new Governor of the Bank of England has been urged to hold back from printing more money and instead tell the people the "hard truths" about the economic mess as he starts work today.<img width='1' height='1' src='http://telegraph.feedsportal......

'Zombie firm' total falls but more face loans crunch
More small businesses are facing insolvency than at any point in the past year, according to new research into the "zombie company" phenomenon.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e02abd1/mf.gif' bord.....

Help to Buy 'could be hazard to economy', says Taylor Wimpey chief
The boss of Taylor Wimpey, one of Britain's biggest housebuilders, has warned that the Government's Help to Buy scheme could be a "genuine hazard" to the economy unless a time limit is imposed on the scheme immediately.<img width='1' height='1' sr.....

Pete Redfern: I rebuilt Taylor Wimpey quickly but kept out of the storm
The man who steered Taylor Wimpey through the credit crisis believes the Help to Buy scheme should have an exit strategy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e01beb8/mf.gif' border='0'/><div cla.....

Anti-tax campaigner's message for David Cameron
One of America's most powerful anti-tax campaigners, Grover Norquist, has accused Europe of trying to set up a tax cartel with Washington, and is coming to London this week with a message for David Cameron.<img width='1' height='1' src='http://tel.....

British cider maker plays heritage card to beat big brands
Age-old English cider maker Westons is gearing up for the fight of its life, taking on the big global brands hoping to make a packet in Britain's booming cider market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....

Plus500 aims for float with market cap near 150m
Online financial trading firm Plus500 is to float on the London Stock Exchange with a market capitalisation in the region of $225m (148m), the latest in a string of technology companies signalling their interest in the London market.<img width='1'.....

UBS in drive for $100m New York grand prix
Swiss investment bank UBS has been appointed by the organisers of the planned New York Grand Prix in a bid to secure $100m (65.7m) of funding to enable the race to go ahead in 2014.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....

Let's remove the barriers to growth and build the best environment for business
The world of work has changed out of all recognition in my lifetime. Technology has been the catalyst. With an iPhone, BlackBerry, iPad or similar mobile device, more and more business people can now shape their own lifestyles.<img width='1' heigh.....

Lions' rugby tour roars towards new record profit
They were a last-minute penalty kick away from making history - and now the British and Irish Lions go to Sydney for Saturday's showdown against Australia, trying to become only the fifth team in 125 years to return home triumphant.<img width='1' .....

Government fails to grasp the nettle of spending
Last week's Spending Review was desperately disappointing - but also highly informative. It reminded us how serious the problems are, and showed how feeble the Government is in addressing them.<img width='1' height='1' src='http://telegraph.feedsp.....

Chinese police probe GSK managers for 'economic crimes'
A group of managers at Britain's biggest drug maker GlaxoSmithKline (GSK) are being investigated by Chinese police for alleged "economic crimes."<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e010525/mf.gif' bo.....

The lights will stay on, insists energy minister
Britain will not be hit by 1970s-style industrial blackouts, Michael Fallon, the energy minister, insisted on Sunday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e00fff7/mf.gif' border='0'/><div class='.....

Shamed Irish banker David Drumm says sorry
An Irish banker who was recorded saying that he would demand cash from authorities to keep operating, and mocking the country's multi-billion- euro bailout has apologised for his comments.<img width='1' height='1' src='http://telegraph.feedsportal.....

John Timpson: statistics tell only part of the story: you need to see what's happening
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/2e005ed9/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><t.....

Forget a quick shale gas revolution here- we don't have the technology
Don't get too excited about a UK shale revolution - it isn't likely to happen in the near future.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dfffd37/mf.gif' border='0'/><div class='mf-viral'><tab.....

Week ahead in business and economics: July 1 - 5
The online grocer Ocado is set to remain in the red when it posts half-year results this week, but the focus from the City will be on the future of the company, rather than the past six months.<img width='1' height='1' src='http://telegraph.feedsp.....

France's triumphant 'Joan of Arc' vows to bring back franc and destroy euro
Marine Le Pen vows to smash the existing order of Europe and break-up the Euro if she wins the next election.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dfffd3a/mf.gif' border='0'/><div class='mf-viral.....

Archbishop of Canterbury plans credit union for the clergy
The Archbishop of Canterbury plans to expand the reach of credit unions to break the hold of payday lenders in the short-term loans market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dfffd3c/mf.gif' border='.....

Wonga boss Errol Damelin: it's time to push the bad guys out of payday loans
Even for a company used to being the subject of negative headlines, Wonga has not had the best time of it recently.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dfcc035/mf.gif' border='0'/><div class='mf.....

Festival of Business: UK's 'mid-market' growth champions lead the way
Mid-market businesses have a lower profile than their performance would suggest and it's time to recognise this sector for their contribution to the country.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dfcc03.....

Wonga calls for tougher rules on payday loans
The chief executive of Wonga, Britain's leading payday lender, has said the sector needs to be better regulated but warned that there is a danger of his company being used as a "political football".<img width='1' height='1' src='http://telegraph.f.....

Think tank: beware of foreign exchange confusion
Small businesses that sell abroad can get caught out by confusing bank charges .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dfcc039/mf.gif' border='0'/><div class='mf-viral'><table border='0'>.....

Five star fund managers you've never heard of
Move over, Neil Woodford. There are plenty of excellent fund managers out there who just have a lower profile.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dfcc03a/mf.gif' border='0'/><div class='mf-vira.....

Sarah Parish: 'I was down to a fiver but luck was on my side'
Actress Sarah Parish saw hard times before she rose to fame in Peak Practice. She discusses her career highs and lows.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2dfc533b/mf.gif' border='0'/><div class=.....