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Sunday 7 July 2013

UK Financial News on 2013-07-07

Banks line up to run Lloyds sale
Top banks are putting their submissions to the Treasury to run a potential 20bn sale of the part-nationalised Lloyds Bank......

Greece near to getting bailout money
Greece's government says it is close to agreeing a deal to gain the latest payment of bailout money from its international lenders......

Insurers face 'overcharging' probe
The City regulator is investigating insurance companies for overcharging customers when they renew house and car insurance policies......

Koreas reach deal on Kaesong zone
North and South Korean officials agree in principle to reopen the Kaesong industrial complex after marathon talks at the truce village of Panmunjom......

VIDEO: Hot weather boost to UK tourism
The UK tourism industry looks set to get a boost from the hot weather across parts of the country......

VIDEO: Can you afford to pick up a racquet?
Your Money's Kevin Peachey looks at how tennis fans can take up the sport without breaking the bank......

VIDEO: Luxury living for India's elderly
Parents in India would traditionally expect to spend their old age in the company of their children and grandchildren, but many are now choosing to remain independent......

VIDEO: Empowering women in rural India
Special banks are being set up to give loans to women who want to start up their own ventures in India, but many women still lack the necessary skills to run a business......

SuperGroup boss tries on jeans market
The boss of SuperGroup is preparing to take on the big jeans labels with a "massive focus" to create a new branded denim range over the next 12 months.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e5513fa/mf.g.....

Websites book travel agents on final journey
The popularity of a new generation of travel websites, such as the room-sharing service AirBnB, has led to a sharp rise in high street travel agents going bust, it is claimed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....

Pension funds 'sitting on billions' for new building
The Government is missing out on billions of pounds of funding for infrastructure projects because its proposed investment vehicle for pension funds is badly constructed and too small, say experts.<img width='1' height='1' src='http://telegraph.fe.....

E.On chief hits back at claims of Big Six 'stranglehold' on energy
Energy giant E.On has hit back at criticism of the dominance of the Big Six household power suppliers, insisting there is plenty of competition already.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e54f131/mf......

Cable's bank for business seeks first chairman
Vince Cable is looking for a chairman for his new 4bn business bank as it attempts to set up a new institution at arms length from the Government.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e54f132/mf.gif' b.....

History lifts high streets, says English Heritage
Historic town centre buildings could be the key to resurrecting the high street, according to a new report by English Heritage.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e54f133/mf.gif' border='0'/><d.....

Working part-time is bad for your career, study finds
The majority of Britons working part-time believe it is damaging their career prospects, with many having "traded down" their skill level and accepting less pay just to work flexibly, research shows.<img width='1' height='1' src='http://telegraph......

Ryanair boss goes full throttle in showdown with regulator
The Ryanair chief executive Michael O'Leary says inquiry into airline's stake in rival is a waste of time.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e54b50e/mf.gif' border='0'/><div class='mf-viral'&g.....

Monday Interview: SuperGroup's Julian Dunkerton
The boss of SuperGroup has ambitious plans for branching out abroad, but weary investors are sceptical .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e54b50f/mf.gif' border='0'/><div class='mf-viral'>.....

We can't wave goodbye to the euro crisis just yet
Since last summer, the euro crisis has apparently abated. Optimists have believed that it has finally been laid to rest.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e54b510/mf.gif' border='0'/><div clas.....

Gold set to shine again in recovery from worst quarterly drop in 113 years
Could there be a ray of light in sight for the goldbugs? Those with a bullish view on the metal have certainly had that faith challenged in recent months.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e54b511/m.....

There are plenty of ways to help Britain's invisible and undervalued medium-sized businesses
When I stepped into the CBI director-general's boots two years ago, there was one large ambition at the top of my to-do list.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e54b512/mf.gif' border='0'/><div.....

Olympics drives Excel to record revenue
Excel, London's largest exhibition centre, has announced that it bucked the economic downturn last year with a 10.8m net profit on revenue which rose 31.2% to a record 68.7m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

Excel books 11m profit as Olympics drives record revenue
Excel, London's largest exhibition centre, has announced that it bucked the economic downturn last year with a 10.8m net profit on revenue which rose 31.2% to a record 68.7m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

Hollywood switches focus to China's billions
The struggle to break into the Asian superpower's burgeoning film market is transforming the industry.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e54b514/mf.gif' border='0'/><div class='mf-viral'>&l.....

'Abenomics' is big in Japan as economy takes upturn
Shoppers spend more ahead of hoped-for reforms as election nears.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e54b515/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><t.....

Ask John: For the new 5, still never knowingly undersold
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/2e53eb0f/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td.....

Bumi could have 'misled' market over $278m divorce, says Rothschild
Nat Rothschild has asked the Financial Conduct Authority to investigate whether Bumi has made false statements to the market regarding its planned $278m (187m) "divorce" deal from Indonesia's Bakrie family.<img width='1' height='1' src='http://tel.....

Temasek and Lord Davies eye 18bn Lloyds stake
Sovereign wealth funds from Singapore, Norway and the Gulf, as well as an investor group led by Britain's former trade minister, have expressed interest in buying a chunk of the taxpayer's 39pc stake in Lloyds Banking Group.<img width='1' height='.....

Greece seeks 7bn aid as 42bn tax is lost
Greece was expected to reach a deal with foreign lenders on its latest bail-out review before eurozone finance ministers meet on Monday to decide on further aid.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e5.....

Week ahead in business and economics: July 8-12
Britain's biggest clothing retailer, Marks & Spencer, hosts its annual general meeting at Wembley stadium in London on Tuesday, but investors are not expecting a trophy-winning performance from the company when it updates on trading.<img width.....

Carlos Slim backs British app Shazam with $40m
The Mexican telecoms tycoon has invested $40m (27m) in Shazam, the British smartphone app.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e52205d/mf.gif' border='0'/><div class='mf-viral'><table bord.....

ITV 'bidding 90m for Scandinavian production firm'
ITV is reportedly aiming to capitalise on the success of Scandinavian dramas such as The Killing and Borgen as it considers a 90m bid for Norway-based production house Nice Entertainment Group.<img width='1' height='1' src='http://telegraph.feedsp.....

Starry-eyed landlords 'are ignoring the costs'
Returns from buy-to-let are in long-term decline, says Richard Dyson.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e4fbeaf/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr>&.....

Why banks are studying your spending
Banks hold huge amounts of information about our spending habits - and some want sell it.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2e4f1bd9/mf.gif' border='0'/><div class='mf-viral'><table borde.....