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Sunday 28 July 2013

UK Financial News on 2013-07-28

Cable warns on Help to Buy 'bubble'
Business Secretary Vince Cable warns that a flagship government programme to revive the housing market could inflate it......

Merger makes world's biggest ad firm
France's Publicis and US firm Omnicom announce a merger to create the world's biggest advertising company worth $35.1bn (22.8bn)......

Siemens poised to axe boss Loescher
Siemens looks set to axe chief executive Peter Loescher after the German industrial giant issued another profit warning last week......

'Record fall' in car insurance costs
The cost of UK car insurance has come down at a record rate since last July, a study says, but premiums remain far higher than in 2007......

VIDEO: How technology is changing Ramadan
The holy month of Ramadan is a tradition which dates back hundreds of years but technology is starting to change the behaviour of those taking part......

VIDEO: Can tourism boost Irish fortunes?
Tourism officials are hoping an initiative billed as a year-long celebration of Ireland will boost its fortunes since the the collapse of the country's Celtic Tiger economy......

VIDEO: Mind games and insurance claims
A study by market survey company Consumer Intelligence has found that if insurance companies simply redesigned claim forms, they could dramatically cut fraud......

VIDEO: Why car firms are investing in India
Car sales have fallen in India for the first time in a decade, but some of the world's top carmakers continue to invest in producing vehicles there......

Insurance fraud tops 1bn a year
How insurance fraud has topped 1bn a year.....

Liffe could move to US under new owner
One of London's largest financial markets could be moved from the UK to the US under cost-cutting plans being discussed by its new American owner.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f44b49b/sc/2/mf.g.....

Online advertising firm Criteo spurns Europe for $500m US flotation
One of Europe's most successful technology firms, Criteo, has lodged its papers for an initial public offering in the US in September.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f44b49f/sc/2/mf.gif' border='.....

Heathrow to track customers through airport to cut cost of delays
Passengers at Heathrow are being tracked through the airport to reduce delays to planes and help save airlines millions of pounds.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f44b4b1/sc/10/mf.gif' border='0'/.....

EADS plots rebrand to Airbus to take on Boeing in Asia
Europe's aerospace giant, EADS, is to launch a sweeping shake-up of its scattered corporate empire this week, changing its name to Airbus Group in an attempt to rid itself of all political interference.<img width='1' height='1' src='http://telegra.....

Battle over Hibu shares goes to US
A campaign by shareholders in Hibu, the former Yellow Pages business, to overturn a restructuring programme that makes their shares worthless has extended to the US.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....

Being in EU is good for Britain, says Darroch
Jeremy Darroch, the chief executive of BSkyB, has cautioned against an exit form the European Union, arguing that membership of the bloc remains good for British business.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Let's shop for Britain: only consumer spending can sustain the recovery
History can be unforgiving to the pithy soundbite. Take the late, great Lord George.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f442695/sc/7/mf.gif' border='0'/><div class='mf-viral'><table borde.....

If we want to recover our competitive edge in the world, we must first get the pound down
During the past few decades, much of the western world has been through a massive de-industrialisation.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f442696/sc/4/mf.gif' border='0'/><div class='mf-viral'.....

US super-octane fitness craze set for UK debut
Intensive exercise classes proving profitable in the US are set to cross the Atlantic.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f43eb1e/sc/9/mf.gif' border='0'/><div class='mf-viral'><table bor.....

Publicis and Omnicon tie $35bn knot to oust WPP
British advertising giant WPP has lost its crown as the world's biggest agency after a $35bn (22.75bn) tie-up between two of its major rivals.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f43eb1f/sc/2/mf.gif' .....

Europe's 'recovery' is a conjuring trick
The eurozone has had a good year - on paper. But it is crippled by too much debt to survive intact, says Jeff Randall<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f43eb20/sc/25/mf.gif' border='0'/><div c.....

Week ahead in business and economics: July 29 - August 2
Barclays profits are set to fall by 600m, hit by mis-selling provisions, while at BP the mounting costs of the Deepwater Horizon will take centre stage when it announces second-quarter results on Tuesday.<img width='1' height='1' src='http://teleg.....

Ask John: Expect the unexpected - we had to cope with inflation running at 26pc
John Timpson puts today's inflation woes in perspective.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f43eb22/sc/22/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td v.....

The BT man who kicked out BSkyB doesn't think it's all over
Louise Armistead interviews Sky's softly-spoken nemesis in the TV sports arena.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f43eb23/sc/9/mf.gif' border='0'/><div class='mf-viral'><table border='0'.....

Commodities: How the credit crunch has turned the equities relationship on its head
A report by the Bank for International Settlements (BIS) released last week defies conventional wisdom to suggest commodities do not diversify investments at all.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f.....

How Britain leads the world in social-good capitalism
Philanthropy is changing and Britain is leading the charge.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f43eb25/sc/25/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><t.....

Goldman Sachs denies aluminium price-rigging
The millions of tonnes of aluminium stockpiled by Goldman Sachs and Glencore have led to claims that the firms have used their dominance to control prices of the metal for their own gain.<img width='1' height='1' src='http://telegraph.feedsportal......

How much debt is your neighbourhood in?
Interactive map: Stories of debt-ridden homeowners and near-bankrupt business have been a common feature of the economic crisis. Now a new interactive online map has allowed Britons to check exactly how much of a crisis their local neighbourhood is i.....

Publicis and Omnicom plot $35bn merger
Publicis and Omnicom plan to create the world's biggest advertising group in a $35bn tie-up which will pressure rivals to do deals to keep pace.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f42826f/sc/2/mf.gif.....

We'll answer your call within two minutes, taxman says
Wednesday July 31 marks a mid-year tax deadline - but calls to the tax office helplines are unlikely to be answered swiftly.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f3f9bff/sc/22/mf.gif' border='0'/>&l.....

NS&I rates may be cut again for millions
Government's savings arm is so popular it has been forced to axe its rates - further cuts may follow.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f3f9a02/sc/25/mf.gif' border='0'/><div class='mf-viral'&.....

The language of success
Online translator Lingo24 is turning to private equity to fund its 100m expansion.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f3f9a03/sc/25/mf.gif' border='0'/><div class='mf-viral'><table border.....

Dashwood: Family politics as Ed Balls's brother enlarges Maida Vale mansion
Fund manager Andrew Balls is making his 6.5m des res in Little Venice even more desirable.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f3f9a04/sc/7/mf.gif' border='0'/><div class='mf-viral'><table.....

Justin Welby's Wonga revelation
The Archbishop was caught out over the Church's link to lender, says Cole Moreton, but one question could have spared embarrassment<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f3f9a05/sc/25/mf.gif' border='0'.....

Wonga is a 'force for good', founder claims
The chief executive of Wonga has defended the payday lender by claiming it is "a powerful force for good in the financial world."<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f3da2a1/sc/25/mf.gif' border='0'/&.....