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Sunday 21 July 2013

UK Financial News on 2013-07-21

Optical Express saved by founder
Laser eye surgery firm Optical Express is saved from collapse by its founder, who has injected more money into the business, preventing the loss of 1,600 jobs......

G20 backs plan to stop tax avoidance
Finance ministers from the G20 group of leading nations formally back plans to tackle international tax evasion and avoidance......

My goal is to cut taxes - Cameron
David Cameron says he is not prepared to rule out tax rises after the next election, but he aspires to "give people back some of their hard earned money" ......

Freeview failure hits Sony owners
Sony says it is experiencing "a major technical issue" after many owners of its DVD recorders lost access to their Freeview TV channels......

Oil revenues 'bonus not basis'
Alex Salmond says oil would be a bonus but not the basis of an independent Scotland's economy, ahead of a government paper on the issue......

Japan warns UK about leaving EU
Thousands of jobs with Japanese firms could be at risk if the UK leaves the Europe Union, the Japanese government hints......

VIDEO: A good time to install solar panels?
More than 2,000 community energy projects have been set up across the UK, with grants being offered to those who produce green energy for their local area......

VIDEO: Waves of tourists desert Lebanon
The tourism industry is a key driver for Lebanon's economy, but visitor numbers have plunged because of the civil war in neighbouring Syria......

VIDEO: Lagarde: G20 talks 'very constructive'
Finance ministers from the G20 group of leading nations have formally backed plans to tackle international tax avoidance and evasion......

VIDEO: Has gold lost its glitter in India?
Gold is big business in India, but the country's obsession with the metal is now being blamed for the nation's soaring import bill......

VIDEO: Turkey's quest to harvest oil stocks
Turkey economy was the envy of its European neighbours in recent years, but in the past few months it has been gripped by social unrest......

Making solar energy, together
How groups club together to make solar energy.....

Scientists smell success with durian wine
July 21 - Scientists in Singapore are turning their hands to wine-making, using the pungent-smelling durian as a replacement for grapes. They're still a long way from commercializing durian wine, but the researchers are confident that the so-called ".....

After years in the doldrums, rebirth of Britain's textile industry looms
A John Lewis-owned factory is feeding huge demand from Asia, writes Steve Hawkes<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef80812/mf.gif' border='0'/><div class='mf-viral'><table border='0'>.....

John Lewis to "repatriate" textile manufacturing in made in Britain push
High street giant John Lewis is looking to bring textile manufacturing back to the UK from foreign factories as part of its biggest ever campaign to sell more "British-made" goods.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....

Ecclestone's successor will be from outside F1, CVC reveals
CVC Capital, the private equity firm which controls Formula One, has revealed that a successor to the sport's chief executive Bernie Ecclestone will come from outside the motorsport industry.<img width='1' height='1' src='http://telegraph.feedspor.....

Kleinwort boss shares Ginger's view of getting on 'in heels and backwards'
One of the most illustrious names in London investment banking has had to change its focus to thrive, says its chief executive<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef72d55/mf.gif' border='0'/><di.....

China risks deflation trap as true GDP crumbles
China is sliding towards a deflation trap and may be in outright recession already if data are measured accurately, with serious knock-on risks for the global economy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....

Financial watchdog calls for accounting probe
The Financial Reporting Council (FRC) has ordered an urgent review of the legality of Britain's accounting rules in a move that points to a deepening fiasco at the heart of the regulatory regime.<img width='1' height='1' src='http://telegraph.feed.....

Gatwick plans second runway inside decade
A second runway would allow Britain to remain one of the best-connected countries in the world, the Sussex airport will claim on Tuesday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef75de1/mf.gif' border='0'.....

Scandal, crisis, fraud, mafia, bribes: how people see the Pope's bankers
The Vatican Bank's chief faces an uphill struggle, reports Nick Squires in Rome<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef75de3/mf.gif' border='0'/><div class='mf-viral'><table border='0'>&.....

Overhaul of Vatican bank gathers pace
Investigators are systematically combing through the 19,000 accounts held by the Vatican's bank in search of money laundering and other crimes, in a long-delayed attempt to clean up the reputation of the tarnished institution.<img width='1' height.....

We should have expected more regulation post-crisis, but the EU is in danger of staging a farce
On this date exactly 80 years ago, an American aviator became the first man to fly solo around the world.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef6ba95/mf.gif' border='0'/><div class='mf-viral'>.....

British consultant detained in China's GSK probe
A British consultant who specialises in fraud investigations in China has been detained as part of the country's probe into GlaxoSmithKline's 320m alleged bribery scandal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Full letter: Retailers oppose online sales tax
Letter from six retail chief executives opposing the introduction of an online sales tax.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef6ba97/mf.gif' border='0'/><div class='mf-viral'><table borde.....

Next chief warns of tax risk for digital start-ups
An online sales tax would be an "extremely backward step" that could wipe out many digital start-ups, Lord Wolfson, the chief executive of Next, has claimed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef6ba9.....

BSkyB poised for new 750m share buyback
BSkyB is expected to announce a major share buyback programme when it announces full-year results this week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef6ba9b/mf.gif' border='0'/><div class='mf-viral'.....

Week ahead in business and economics: July 22-26
Invensys holds its annual general meeting in Westminster on Thursday, when shareholders are sure to press the engineer's board on progress towards a 3.3bn sale of the firm.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

Dunedin bucks investment trend with new 300m fund
The private equity owner of same-day courier CitySprint and wealth manager Hawksford has raised 300m for its new UK-focused fund from a wealth of international investors.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....

Creditors to take over debt-laden Yellow Pages owner Hibu
Yellow Pages' owner Hibu is preparing to hand control of the company to its creditors.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef67af1/mf.gif' border='0'/><div class='mf-viral'><table border='.....

British economy has turned a corner, senior Tories claim
Britain's economy has turned a corner at last, senior Conservatives claim ahead of official figures.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef538d7/mf.gif' border='0'/><div class='mf-viral'><.....

Japan tells UK to stay in the EU
Britain should stay in the EU, Japan has warned, hinting that tens of thousands of British jobs at Japanese companies hang in the balance.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef453d1/mf.gif' border='0.....

Can you profit from the rising oil price?
Petrol prices roar away, oil stocks are stuck in the slow lane. Emma Wall on the investment case.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef25452/mf.gif' border='0'/><div class='mf-viral'><tab.....

Dashwood: TalkTalk boss wriggles out of 'marriage-breaking' clause to ride at Goodwood
Another National Velvet moment for TalkTalk boss Dido Harding.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef25453/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td v.....

Questor share tip: Vodafone is a buy despite European troubles
There is still potential for growth, Questor says buy<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef25454/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td valign='mi.....

Questor share tip: Anglo American a buy ahead of Cutifani review
Buy Anglo American ahead of strategy review, Questor says.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef1beee/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td valig.....

London's 'Medical City' to seal golden triangle of UK research centres
Boris Johnson is backing plans for a new "Medical City" that would be a major central London research base.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2ef03ca0/mf.gif' border='0'/><div class='mf-viral'&.....

Debenhams signs popstar clothes designer Todd Lynn
A Canadian-born tailor who has dressed some of the biggest names in pop music - including Bono, Mick Jagger, and Beyonc - has signed up to sell his clothing at Debenhams.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....