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Friday, 30 August 2013

UK Financial News on 2013-08-30

UK recovery 'gathering momentum'
The economic recovery is gathering momentum, the British Chambers of Commerce claims, as it sharply ups its growth forecast for this year......

India's economy continues slowdown
The latest figures on the Indian economy show a growth rate of 4.4% for the April-June quarter, compared with the same period the previous year......

Three abolishes some roaming charges
Mobile phone operator, Three, abolishes roaming charges for its customers in seven countries......

US consumers spend less in July
US consumers barely increase their spending in July, as workers saw their salaries shrink due to government spending cuts......

Apprenticeship demand up by a third
Applications for apprenticeships made online rose by almost third during the twelve months to the end of July compared to the previous year......

House prices 'rise at brisk pace'
UK house prices continued to rise at a "fairly brisk pace" in August, increasing by 0.6% compared with July, the Nationwide says......

Motor trade claims DVLA 'shambles'
The Driver and Vehicle Licensing Agency is described as a "shambles" in its handling of car registrations......

Brazil GDP stronger than expected
The Brazilian economy, Latin America's largest, is boosted by agricultural production in the second quarter of the year......

South Africa gold miners call strike
Gold miners in South Africa call a strike over their wage demands, to start on Tuesday, mine-owners say......

'Postcode divide' in state pension
Huge variations in life expectancy create a "postcode divide" in state pension entitlement, a report by the TUC claims......

HSBC ups business banking charges
HSBC is to increase its charges for 700,000 small business customers from Sunday, with many losing their free banking service......

Eurozone unemployment remains steady
The eurozone's unemployment rate remained steady at its record 12.1% during July, official figures show......

Hermes sales growth drives profits
French luxury goods retailer Hermes sees profits jump as its global luxury goods sales remain robust in all regions, despite uncertain economic outlook......

China's Sinopec signs Egypt oil deal
China Petrochemical Corporation, also known as Sinopec, agrees to buy a 33% stake in the Egyptian oil and gas business of US firm Apache Corporation......

London Market Report
Internet betting firm Bwin.party Digital Entertainment is the biggest faller on the London market after it warns full-year revenues will be up to 17% lower......

BT hangs up on dial-up net service
Telecoms firm BT prepares to turn off its dial-up internet access service on 1 September......

Turning the tables on cold callers
A Leeds man is turning cold calls into profit by making marketing companies use his higher-rate line......

Firefighters vote for pension strike
Members of the Fire Brigades Union vote in favour of industrial action, in a row over plans to raise the age at which they get their full pension......

Mortgage lending competition rises
Competition between providers in the mortgage market is growing as activity in the housing sector picks up, a lenders' group has said......

Amazon to alter pricing strategy
Online retailer Amazon is to alter its pricing policy for third-party traders amid investigations in the UK and Germany......

Japan consumer price rises speed up
Consumer prices in Japan rise at the fastest pace in nearly five years in July, as policymakers' attempts to end deflation appear to pay off......

US economic growth revised to 2.5%
The US economy grew at an annualised pace of 2.5% in the second quarter of the year, the Commerce Department said in revised figures......

Portugal court rejects job cut plan
Portugal's highest court rejects the government's plans to make it easier to fire civil servants, saying the measure is unconstitutional......

Commonwealth tickets in high demand
Organisers of next year's Commonwealth Games in Glasgow say ticket applications for some events have already outstripped supply......

NFL in '$765m concussion settlement'
The National Football League reaches a $765m (490m) settlement with former players who say it hid the dangers of concussion, a judge says......

Rams slammed over e-cigarette deal
Derby County should not have signed a sponsorship deal with an electronic cigarette company, a health professional says......

VIDEO: 'Onions indicate Indian economy'
The decline of the Indian economy is reflected in the rising cost of staples such as onions, as Nitin Srivastava reports from a market in Delhi......

VIDEO: Solar cookers and prosthetics
Will Ross visits South Africa's Innovation Summit and meets the inventors of self-heating lifejackets, solar cookers and prosthetics......

VIDEO: Banking with insurance worries
There has been a rise in the rate of complaints about bank accounts that come with extras like travel insurance......

VIDEO: 'Brazilians not celebrating yet'
Brazil's economy grew by 3.3% year-on-year in the second quarter, according to official new state figures. However, as the BBC's Ruth Costas in Sao Paulo explains, "Brazilians are not celebrating yet"......

VIDEO: Launch of self-assembly camera
A self-assembly digital camera designed to teach children about the technology involved has been launched in the US......

VIDEO: How to sell lobsters in Jakarta
Afit Dwi Purwanto set up a lobster restaurant in Jakarta in February, and tells the BBC how he got started and how he makes his money......

VIDEO: Indian economy's fall from grace
The Indian economy has been described as entering "a tailspin" with the rupee losing about a quarter of its value since May. Yogita Limaye looks at the impact on businesses and individuals in Mumbai......

VIDEO: ICBC: 'Outlook is complicated'
Chinese banking giant ICBC has warned that the economic outlook is "complicated and uncertain", as the BBC's Juliana Liu reports......

Syria: Would strikes push oil prices to record highs?
Will strikes push oil prices to record highs?.....

Hot harvest
British chillies have never been more in demand.....

Lava lamps: Still bubbling at 50
Fifty years of the lava lamp.....

Brazil GDP jump may not last
Aug 30- Despite better-than-expected economic growth in the second quarter, Brazil's economy still faces major headwinds. Bobbi Rebell reports......

GE to spin off credit card unit
Aug. 30 - General Electric reportedly plans to separate its credit card business through an IPO early next year as the conglomerate focuses on its industrial businesses. Fred Katayama reports......

Electric hemp scooter aims high as eco alternative
Aug. 30 - According to its Dutch developers, an electric scooter made entirely from natural materials, including around 80 percent hemp, offers a sustainable alternative to fossil fuel power. The Be.e scooter has enough power on a single charge to tr.....

Euro zone optimism, despite unemployment
Aug. 30 - Optimism in the euro zone's economy improved sharply in August - but high unemployment remains stubborn. Kirsty Basset reports......

South African gold miners prepare to strike
Aug.30 - South Africa gold producers are set set to strike from next Tuesday after talks over wages broke down. It could cost South Africa's economy over $35 mln a day in lost output. Ciara Sutton reports......

Unemployed Spaniards get German job chance
Aug. 30 - Some German companies are struggling to recruit apprentices - and are looking to troubled euro zone countries like Spain where youth unemployment is rocketing and there's a pool of young, qualified workers. Joanna Partridge reports on the y.....

UK Government defeated over Syria action
Aug. 30 - UK Prime Minister David Cameron has lost a parliamentary vote 285 to 272 - which was meant to pave the way for Britain to join a looming military strike on Syria. The shock defeat sent the price of oil down, as Ivor Bennett reports......

Luxury group Herms sees strong demand
Aug 30 - French luxury group Herms beat forecasts, posting a 14 per cent rise in first-half operating profit, thanks to strong demand for its silk accessories and handbags - some of which sell for up to 30,000 euro. Ciara Sutton reports......

Asia Week Ahead: A new "Great Game" in Central Asia?
' Asia Economics Editor Wayne Arnold tells us why to keep an eye on the trip......

Reuters Breakingviews: Cameron humiliation his own doing
Aug. 30 - Prime minister David Cameron may cling onto power, but his authority at home and influence abroad have been greatly diminished. And it's all his own fault, says Hugo Dixon......

Headwinds, but no crisis for China's banks
Aug. 30 - China's 'big four' banks have produced forecast-beating results and relatively healthy books - so why do investors remain so cynical? Tara Joseph asks a sector specialist......

Camerons historic defeat on Syria How, why, and what next
Aug. 30 - Britain will not engage in military action on Syria, after PM David Cameron suffered a humiliating defeat in parliament. What led to his historic defeat and where does it leave him and the country?.....

Reuters Today: U.S. isolation on Syria halts dollar's rise
Aug. 30 - After the UK decided not to join the U.S. in military action against Syria the dollar takes a breather as uncertainty over the timing of any move mounts.....

Google's C-suite soap opera
Aug. 29 - Google co-founder Sergey Brin and his wife are living apart, with Brin reportedly involved with a Google staffer. Conway G. Gittens reports......

Economic surprise lifts Wall Street
Aug 29 - Summary: Stocks held gains sparked by a robust revision to second-quarter growth figures and a drop in jobless claims; Verizon, Vodafone chatting up wireless deal; Ford brings jobs back to Detroit. Conway G. Gittens reports......

Bling's the thing- even on a budget
Aug 29 - Affordable jewelry is attracting consumers- drawn to the perception of long lasting value and gift appeal. Bobbi Rebell reports......

Fruit fly brain map a boon to neuroscience
Aug. 29 - Scientists at the Howard Hughes Medical Institute in Virginia have successfully mapped the circuitry in a small region of a fruit fly brain. The researchers, who work at HMMI's Janelia Farms Research Campus, say it is a small but important .....

UK's Co-op bank posts massive losses
Aug. 29 - Britain's Co-operative bank has reported over 700 million pounds in pre-tax losses for the first half of the year, a position the bank's parent group says could take four years to recover from. Ivor Bennett reports......

Ackermann leaves Zurich after CFO death
Aug. 29 - Josef Ackermann resigned as chairman of Zurich Insurance on Thursday over the apparent suicide of the insurer's CFO Pierre Wauthier. Joanna Partridge looks at the pressures facing top executives......

Swiss engineers bring acoustic solution to noise pollution
Aug. 29 - Swiss-based acoustic engineers are developing a sound tracking system they say will help regulators control traffic flow and reduce road noise. The World Health Organization says road noise is a major contributor to poor health in Europe bu.....

Breakingviews: Minimum wage woes
Aug. 29 - With fast-food workers set to strike, a new study shows how welfare usually pays more than low-wage jobs. Jeffrey Goldfarb and Richard Beales discuss the conundrum for policymakers......

JPMorgan may settle "Whale" probe for $600 million
Aug 29 - JPMorgan Chase & Co is in talks with a group of regulators to settle investigations into last year's "London Whale" trading scandal, which cost the bank more than $6 billion. Kirsty Basset reports......

ROUGH CUT: UK PM Cameron debates Syria in parliament
Aug. 29 - British Prime Minister David Cameron and opposition leader Ed Miliband debate military intervention in Syria......

Vodafone confirms sale talks with Verizon
Aug 29 - UK telecom giant Vodafone confirms talks have begun with US company Verizon Communications over the sale of its 45 percent share in their joint venture Verizon Wireless, in a deal that could be worth $130 billion. Ivor Bennett reports......

North Korea Defectors: pop acts, rebel artists, & TV Hosts
Pictures show many of them have made new lives, from TV hosts to artists and activists......

George Osborne and Mark Carney press EU over bank regulation
George Osborne and Mark Carney have agreed Britain should put more pressure on the European Union to reach a deal with the US over the regulation of major banks.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/309.....

Pub campaigners drink to their closure
Editor of The Good Pub Guide said some pubs deserve to close because they are so awful.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/309b0301/sc/26/mf.gif' border='0'/><br clear='all'/><div class='m.....

India pushes 'shock and awe' currency plan to save BRICS
India is pushing for joint intervention by key BRIC states to halt capital flight and shore up currencies.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/309afca7/sc/11/mf.gif' border='0'/><br clear='all'/&.....

Aviva unsettled by Barclays analysts
The insurer's shares were heavy fallers in a weak market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/309ae8f0/sc/2/mf.gif' border='0'/><br clear='all'/><div class='mf-viral'><table border='0.....

Sainsbury's returns to site of first self-service supermarket
The site where Sainsbury's opened its first self-service supermarket in 1950 and kick-started a revolution in how Britons shop for their food has become a grocery store again.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....

Mortgage lending and house prices stoke fears of housing bubble
Mortgage lending levels have hit their highest levels since the start of the financial crisis and house prices have climbed again, compounding fears that Government policies may be creating a fresh property bubble.<img width='1' height='1' src='ht.....

Mark Carney challenge laid bare as SMEs repay more than they borrow
Britain's small businesses paid back more bank loans than they borrowed during July suggesting that they will need more convincing over Mark Carney's flagship policy of "forward guidance".<img width='1' height='1' src='http://telegraph.feedsportal.....

Carney challenge laid bare as SMEs repay more than they borrow
BRITAIN'S small businesses paid back more bank loans than they borrowed during July suggesting that they will need more convincing over Mark Carney's flagship policy of "forward guidance."<img width='1' height='1' src='http://telegraph.feedsportal.....

Consumer protection comes at too high a price
Throwing money at consumer protection might not be the answer to recent scandals.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3099fb78/sc/25/mf.gif' border='0'/><br clear='all'/><div class='mf-vira.....

ECB set for clashes over rate cut after inflation falls
Lower-than-expected inflation in the eurozone is set to further divide leaders at the European Central Bank as they gather for their policy-setting meeting next week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....

Business news and markets: as it happened - August 30, 2013
The FTSE 100 ended the week and the month down hit by nervousness about a possible Western strike on Syria.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3099a256/sc/2/mf.gif' border='0'/><br clear='all'/&.....

Liberace's mansion bought by British businessman
Martyn Ravenhill said he learned to play the piano after being inspired by the flamboyant performer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3090c97e/sc/38/mf.gif' border='0'/><br clear='all'/><.....

Business news and markets: live
The pound is heading for its biggest monthly gain against the euro in more than a year as a string of bright economic data strengthened the currency.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30940638/sc/2/m.....

Hermes creates $12,900 basketball
French fashion group Hermes creates a $12,900 basketball to grace its renovated Los Angeles store.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30992ace/sc/19/mf.gif' border='0'/><br clear='all'/><d.....

Don't play dumb Marissa Mayer, you can be both pretty and smart
Yahoo chief Marissa Mayer has caused a stir by posing for a photoshoot in the US Vogue. What's more alarming is that she says she's a "shy" girl who just "fell" into her job as CEO of the tech giant. Don't play dumb, says Julia Oliphant.<img width.....

UK lending: in graphs
Lending to home-buyers is at its highest in more than five years and lending to businesses has risen for the first time since January. (Source: Bank of England)<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3099.....

Capital flight from emerging markets doubles to $6bn
The exodus from emerging markets has accelerated this week, with bond and equity funds suffering net outflows of almost $6bn.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3098ccad/sc/2/mf.gif' border='0'/>&l.....

Vodafone shareholders expect 40bn payout from Verizon sale
Vodafone shareholders are anticipating a 40bn payout when it sells its US interests, but have warned of a revolt if the windfall is slimmed down.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/309858a5/sc/2/mf.gi.....

Frankie & Benny's-owner boosted by higher consumer confidence
Five long years after the financial crisis, leisure companies are finally daring to hope of a revival in consumer spending, according to Frankie & Benny's owner-The Restaurant Group.<img width='1' height='1' src='http://telegraph.feedsportal.c.....

'Hold 50pc shares and 50pc bonds for five years and you'll never lose money'
A balanced portfolio consisting of half shares and half bonds has protected investors from all but the smallest losses over the past 63 years, research shows.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3096e1.....

Mortgage approvals jump to highest level in over five years
Lending to home-buyers is at its highest in more than five years and lending to businesses has risen for the first time since January, according to data from the Bank of England.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....

China's Xiaomi poaches Google executive Hugo Barra
Hugo Barra, the Google Android executive who went out with Amanda Rosenberg before she became Sergei Brin's girlfriend, is to join joined fast-growing Chinese smartphone maker Xiaomi Tech.<img width='1' height='1' src='http://telegraph.feedsportal.....

Finance chief Pierre Wauthier's suicide note implicates ex-chairman Josef Ackermann, says Zurich Insurance
The former chief financial officer of Zurich Insurance left a suicide note implicating the group's then chairman Josef Ackermann in his death, the insurer said this morning.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....

Mark Carney: 'I'll stop house price bubble'
New Bank of England governor says he is "personally" alert to damage that can be caused by housing bubble and is prepared to head off any risks caused by low interest rates and Government's Help to Buy scheme.<img width='1' height='1' src='http://.....

Bwin.party shares slide as revamp hits revenues
Shares in bwin.party digital entertainment slumped on Friday after the world's biggest listed online gaming company warned revenue could fall by as much as 17pc this year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....

Thursday, 29 August 2013

UK Financial News on 2013-08-29

Co-op Group reports big banking loss
The Co-operative Group reports heavy losses as a result of a huge write-down of assets at its troubled banking arm......

HSBC ups business banking charges
HSBC is to increase its charges for 700,000 small business customers from Sunday, with many losing their free banking service......

US economic growth revised to 2.5%
The US economy grew at an annualised pace of 2.5% in the second quarter of the year, the Commerce Department said in revised figures......

Nasdaq admits part-blame for glitch
The company behind the Nasdaq admits partial responsibility for a three-hour trading glitch on the tech stock exchange last week......

Motor trade claims DVLA 'shambles'
The Driver and Vehicle Licensing Agency is described as a "shambles" in its handling of car registrations......

Vodafone confirms Verizon talks
Vodafone confirms it is in talks with US company Verizon Communications over the sale of its 45% stake in joint venture Verizon Wireless......

Ethiopian Airlines backs Dreamliner
Ethiopian Airlines. which saw one of its Boeing 787 Dreamliners catch fire last month, expresses confidence in the aircraft......

Amazon to alter pricing strategy
Online retailer Amazon is to alter its pricing policy for third-party traders amid investigations in the UK and Germany......

NFL in '$765m concussion settlement'
The National Football League and former players who say it hid the dangers of concussion reach a $765m (490m) settlement, a judge says......

Firefighters vote for pension strike
Members of the Fire Brigades Union vote in favour of industrial action, in a row over plans to raise the age at which they get their full pension......

Zurich boss quits over 'suicide'
Zurich Insurance's chairman Josef Ackermann resigns, three days after the apparent suicide of its chief financial officer Pierre Wauthier......

Google exec poached by Chinese rival
A top Google executive leaves for Chinese firm Xiaomi, as co-founder Sergey Brin confirms he is "living apart" from his wife......

US fast-food workers on strike
Fast-food workers in dozens of US cities are on strike, union leaders say, in what could be one of the industry's biggest walkouts......

Serco shares fall as probe looms
Shares in outsourcing giant Serco fall sharply as the company faces a possible block on bidding for new government contracts......

Mortgage lending competition rises
Competition between providers in the mortgage market is growing as activity in the housing sector picks up, a lenders' group has said......

German unemployment edges higher
The German jobless total rose slightly in August on the previous month, partly for seasonal reasons......

Vodafone and O2 launch 4G networks
Mobile networks Vodafone and O2 join EE as the UK's 4G providers, with a limited roll-out across three cities......

Colombia farm strike deal offered
The Colombian government offers concessions to small-scale farmers on strike for more than a week, including better prices for their products......

Turning the tables on cold callers
A Leeds man is turning cold calls into profit by making marketing companies use his higher-rate line......

New scam pushes up card fraud losses
Online and phone scams rose by 36m in the last financial year, driven in part by a new variation of card fraud, figures show......

Private patients 'paying too much'
Most patients in UK private hospitals are paying more than they should for treatment because of a lack of local competition, an inquiry has found......

Workless households at record low
The proportion of UK households where no adult aged 16 to 64 is in work is at its lowest since comparable records began in 1996, official figures show......

Brazil raises interest rate to 9%
Brazil raises its benchmark interest rate to 9% from 8.5% in a further attempt to rein in inflation......

India to sell dollars to oil firms
India's central bank says it will sell US dollars to three state-run oil firms, in its latest attempt to stem the decline in the Indian rupee......

Belarus-Russia trade row escalates
A Belarus-Russia row over control of potash exports escalates, with Minsk threatening to prosecute a billionaire Russian businessman......

Rams slammed over e-cigarette deal
Derby County should not have signed a sponsorship deal with an electronic cigarette company, a health professional says......

Tunisian trio in match-fixing ban
The Tunisian FA suspends players Marouane Troudi and Mahmoud Dridi and official Amir Jaziri while it investigates match-fixing......

Brazilian states hit by power cut
A fire in north-eastern Brazil causes a power cut that leaves nine states in the dark, including four that will host the 2014 World Cup......

VIDEO: Making the case for 4G
The boss of mobile operator O2 Ronan Dunne makes the case for his company's 4G rollout......

VIDEO: The fastest food shop in the west?
A Silicon Valley start-up is using smartphones and personal shoppers to create a new wave of online grocers, promising to deliver your weekly shop within the hour......

VIDEO: Co-Op boss: There is no Plan B
The Co-operative Group has reported heavy losses as a result of a huge write-down of assets at its troubled banking arm. Co-Op boss Euan Sutherland explains the "sensible and prudent" rescue plan but says "there is no Plan B"......

AUDIO: Making money from cold callers
A man targeted by marketing companies is making money from cold calls with his own premium-rate phone number......

VIDEO: Gran can boost pension with childcare
Grandparents who look after their grandchildren even just once a week may find it is enough to boost their state pension. Paul Lewis from Radio 4's Moneybox explains other relatives can benefit too - but there are three main conditions......

VIDEO: Syria conflict pushes up crude price
The growing possibility of military action by the US and its allies against the Assad regime, is continuing to push up crude prices......

VIDEO: US fast-food workers want strike
Workers want at least $15 dollars an hour in pay and the right to start a union.....

AUDIO: 'Good riddance to bad pubs'
Dawn Hopkins, landlady of two pubs in Norwich, and Fiona Stapley, co-editor of the Good Pub Guide, discuss how the role of pubs is changing in the UK......

The US professionals quitting the rat race to become farmers
US professionals swap the rat race for farming.....

Brazil's universities take affirmative action
Racial quotas in Brazil bring hope - and controversy.....

Skype and the video chat revolution
How Skype and other chat apps changed lives.....

Lessons from online learning
Does the growth of online courses threaten the future of colleges?.....

Fruit fly brain map a boon to neuroscience
Aug. 29 - Scientists at the Howard Hughes Medical Institute in Virginia have successfully mapped the circuitry in a small region of a fruit fly brain. The researchers, who work at HMMI's Janelia Farms Research Campus, say it is a small but important .....

Swiss engineers bring acoustic solution to noise pollution
Aug. 29 - Swiss-based acoustic engineers are developing a sound tracking system they say will help regulators control traffic flow and reduce road noise. The World Health Organization says road noise is a major contributor to poor health in Europe bu.....

Breakingviews: Minimum wage woes
Aug. 29 - With fast-food workers set to strike, a new study shows how welfare usually pays more than low-wage jobs. Jeffrey Goldfarb and Richard Beales discuss the conundrum for policymakers......

JPMorgan may settle "Whale" probe for $600 million
Aug 29 - JPMorgan Chase & Co is in talks with a group of regulators to settle investigations into last year's "London Whale" trading scandal, which cost the bank more than $6 billion. Kirsty Basset reports......

ROUGH CUT: UK PM Cameron debates Syria in parliament
Aug. 29 - British Prime Minister David Cameron and opposition leader Ed Miliband debate military intervention in Syria......

Vodafone confirms sale talks with Verizon
Aug 29 - UK telecom giant Vodafone confirms talks have begun with US company Verizon Communications over the sale of its 45 percent share in their joint venture Verizon Wireless, in a deal that could be worth $130 billion. Ivor Bennett reports......

North Korea Defectors: pop acts, rebel artists, & TV Hosts
Pictures show many of them have made new lives, from TV hosts to artists and activists......

Sports Spread: Misers vs big spenders
Aug. 29 - Penny-pinching Arsenal take on big-spending Spurs in the weeks big game from the Premier League, plus a look at the front runners in the U.S. Open......

Hong Kong, Singapore slug it out in the Ivy Leagues
Aug. 29 - Many Asian students dream of attending a top U.S. college -- and now they have that option closer to home, as the region's rival financial hubs compete to lure top-tier foreign schools......

Breakingviews: Vodafone needs good Verizon deal
Aug. 29 - Vodafone confirms talks with Verizon - a $130 bln deal could be just days away. The UK telco boss must now secure a good deal, says Breakingviews' Chris Hughes......

Breakingviews: China's consumers won't ride to the rescue
Aug. 29 - Consumption is slowing in China and some big brands are reporting falling sales, pointing to slow progress in the effort to rebalance the economy away from exports, says Breakingviews' John Foley......

Reuters Today: Top Stories and Analysis
Aug. 29 - A look at the early action in the European markets and the day's hot stocks, as well as a final wrap-up of Asia trading......

Google a friendlier frenemy now - WPP CEO
Aug. 29 - WPPs CEO Martin Sorrell explains why their slightly uneasy relationship with Google has blossomed into a more symbiotic one in the last few years......

Argentina energy plan sparks clashes
Aug. 29 - Protest over a possible deal between Argentine energy firm YPF and Chevron turns violent. Paul Chapman reports......

LOreal glows brighter than Revlon and Estee Lauder-StarMine
Aug. 29 - Improving earnings quality, share performance and its analyst revisions model score show L'Oreal will outdo its rivals Revlon and Estee Lau.....

Stocks lifted by oil, but unease remains
Aug. 28 - Summary: Wall Street regains lost ground as Syria related concerns boost energy shares; Planned home buys fall for second month; Nintendo plays tough on pricing in bid to revive sales. Conway G. Gittens reports......

Markets on Syria watch
Aug. 28 - Escalating tensions in Syria have investors on edge -watching carefully- and adjusting their strategies. Bobbi Rebell reports......

Syria could be catalyst to take markets lower-Uri Landesman
Aug. 28 - Bearish hedge fund manager Uri Landesman, President of Platinum Partners, is cutting his risk exposure, and increasing his short positions. Bobbi Rebell reports......

Economic benefits of Britain's baby boom
Aug. 28 - Britain's experiencing a baby boom, with the highest birth rate in 40 years. While that will put pressure on some services in the short-term, researchers say babies could bring economic benefits. Joanna Partridge looks into how a higher fer.....

Carney says BoE stimulus still an option
Aug. 28 - In his first public speech as Governor of the Bank of England, Mark Carney said more money may be pumped into Britain's economy if the markets threaten recovery. Rough Cut (no reporter narration).....

Breakingviews: Fracking foreign policy
Aug. 28 - Rob Cox and Christopher Swann discuss how hydraulic fracturing in America may alter the countrys approach to the Middle East......

Legal claims to JPMorgan cash pile up
Aug. 28 -U.S. regulators are lining up in a pursuit to get their hands on JPMorgan Chase's money through fees and settlements ranging from $80 million to $6 billion, according to latest media stories. Conway G. Gittens reports......

Fonterra botulism scare was false alarm
Aug. 28 - Dairy giant Fonterra's products, which were at the centre of a global food contamination scare earlier this month, did not contain a bacteria that could cause botulism and posed no food safety threat, said New Zealand officials. Fonterra's .....

European stocks sliding over Syria concerns
Aug. 28 - European stocks fell for the third straight session on Wednesday, as the prospect of an imminent military strike against Syria fuelled profit-taking on the 8% rally which has been seen since June. Ivor Bennett reports.....

Breakingviews: G4S cash call shows need for speed
Aug. 28 - UK security contractor G4S is placing around 350 mln of new shares to swerve a credit downgrade. A smart and speedy move, says Breakingviews......

Aer Lingus held merger talks prior to Ryanair bid
Aer Lingus held merger talks with another airline before Ryanair launched a takeover bid for Ireland's national carrier last summer, it can be revealed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/309097a5/sc/.....

Mark Carney has style in the bag
Governor's holdall was a freebie from an IMF and World Bank meeting.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30902360/sc/30/mf.gif' border='0'/><br clear='all'/><div class='mf-viral'><tab.....

Nasdaq blames massive trading halt on software bug
The Nasdaq's massive trading halt last week was due to a software bug and other internal technology issues triggered by problems at NYSE Euronext's Arca exchange that led a key backup system to fail, the exchange operator has said.<img width='1' h.....

Never mind values, the Co-op Bank needs to concentrate on survival
Management has unenviable job of trying to prove the bank has a viable future.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30902384/sc/25/mf.gif' border='0'/><br clear='all'/><div class='mf-viral'&.....

Immigration surge driven by eurozone crisis
UK has seen massive surge in immigrants fleeing economic collapse in countries such as Spain and Italy, official figures disclose.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30902385/sc/2/mf.gif' border='0'/&.....

Loss-making Bumi to become Asia Resource Minerals
Bumi is planning to change its name to Asia Resource Minerals and return about $400m (258m) to shareholders once it pulls off a protracted $501m split from Indonesia's Bakrie family.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....

Does the high street really need saving?
Mary Portas and Bill Grimsey come from opposite ends of the retail world. One is the star of TV show Mary Queen of Shops, the other used to run DIY chain Wickes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308.....

Singapore has lessons for its former master
The ex-colony is dealing with its growing pains in a way we can only dream of, says Jeremy Warner<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308ffb9f/sc/40/mf.gif' border='0'/><br clear='all'/><di.....

Worldwide loss of oil supply heightens Syria attack risk
Global shortfall in oil hits 4m b/d, leaving the world extremely vulnerable to a supply crunch.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308ffba7/sc/2/mf.gif' border='0'/><br clear='all'/><div c.....

Co-op Bank raises questions about mutual's future
With a 709m loss, crisis-hit mutual's first-half results make dire reading.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308f8747/sc/25/mf.gif' border='0'/><br clear='all'/><div class='mf-viral'>.....

Vodafone nears $130bn sale of Verizon stake
Shares jump 8pc to 11-year highs after Vodafone announces it is in talks over sale of its US interests.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308f8748/sc/2/mf.gif' border='0'/><br clear='all'/>&.....

Ireland: the poster child of recovery but not of austerity
The problems were caused by a debt crisis - and Ireland still has staggering levels of debt.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308ee5ab/sc/30/mf.gif' border='0'/><br clear='all'/><div cla.....

Zurich chairman Josef Ackermann quits over suicide claims
The chairman of Zurich Insurance Group has abruptly quit with the sensational admission that he may be implicated in Monday's apparent suicide of its chief financial officer.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

Strategists warn of further turbulence
Bank of America Merrill Lynch asked whether a crash was on the horizon.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308f4a99/sc/25/mf.gif' border='0'/><br clear='all'/><div class='mf-viral'><.....

Business news and markets: as it happened - August 29, 2013
Dollar jumps on news US economy grew much more than previously thought in second quarter.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308d5f9d/sc/2/mf.gif' border='0'/><br clear='all'/><div class='.....

More than 450m wiped off value of Serco after alleged fraud in its prison contracts
More than 450m has been wiped off the value of Serco as the security company tried to reassure investors it will "put right" any alleged fraud in its prison contracts.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....

UK gas imports hit record high of 1 trillion cubic feet in first six months of 2013
Britain's gas imports hit 1 trillion cubic feet in the first half of this year - the highest level on record - as North Sea production dwindled and cold weather boosted demand.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726.....

Business news and markets: live
Dollar jumps on news US economy grew much more than previously thought in second quarter.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308817f7/sc/2/mf.gif' border='0'/><br clear='all'/><div class='.....

Artificial intelligence 'will take the place of humans within five years'
Salespeople, call centre staff and customer service personnel could all be replaced by computers within the next few years, claims one technology entrepreneur.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308d4.....

UK small businesses optimistic on growth
More than half of Britain's small companies are expecting to grow in 2014, a new survey has found.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308d45b7/sc/2/mf.gif' border='0'/><br clear='all'/><di.....

Co-op bondholders demand more information as bank posts 700m loss
The bank's management branded "disgraceful" for leaving bondholders in the dark.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308eb383/sc/25/mf.gif' border='0'/><br clear='all'/><div class='mf-viral.....

Co-op: 'No new nasty surprises' for bondholders
Pensioners and other holders of Co-op bonds will not suffer further losses from the bank's restructuring programme despite its announcement of huge losses today, experts say.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

Hays posts first UK profit in five years
Hays, one of Britain's biggest recruiter, returned to profit in the UK and Ireland for the first time in five years, in a sign that confidence may be returning to the jobs market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

Hays returns to profit in UK for first time in five years
Hays, one of Britain's biggest recruiter, returned to profit in the UK and Ireland for the first time in five years, in a sign that confidence may be returning to the jobs market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

Rise in US growth rate fans expectations of end to QE
The US economy is growing much faster than thought, official figures showed, as the rate was revised up from 1.7pc to 2.5pc for the second quarter of this year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308b.....

Wednesday, 28 August 2013

UK Financial News on 2013-08-28

Carney: Recovery measured, not rapid
A "renewed recovery is taking hold" in the UK economy, but its pace will be "more measured than rapid", says Bank of England governor Mark Carney......

Private patients 'paying too much'
Most patients in UK private hospitals are paying more than they should for treatment because of a lack of local competition, an inquiry has found......

Merrill Lynch settles US race suit
Brokerage giant Merrill Lynch agrees to pay $160m (103.1m) to settle a race discrimination lawsuit with more than 1,200 employees, say lawyers......

BP loses second bid to halt payments
BP loses a second attempt to suspend compensation payments over the 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico......

Workless households at record low
The proportion of UK households where no adult aged 16 to 64 is in work is at its lowest since comparable records began in 1996, official figures show......

New scam pushes up card fraud losses
Online and phone scams rose by 36m in the last financial year, driven in part by a new variation of card fraud, figures show......

Three Remploy factories to close
Three remaining Remploy factories in England and Wales are to close putting a total of 196 workers at threat of redundancy......

Jamie Oliver: Migrants are tougher
TV chef and restaurant owner Jamie Oliver says young British people are "wet behind the ears" and European immigrants are "tougher" workers......

Ryanair told to cut Aer Lingus stake
Ryanair is told to cut its stake in rival Irish carrier Aer Lingus by the UK Competition Commission......

Crabbie's backs 1m Grand National
Ginger-beer maker Crabbie's is named as new sponsor of the Grand National, which will be run for a 1m purse for the first time in 2014......

New York Times website 'hacked'
The New York Times website goes out of service for the second time in a month after what the company describes as a "malicious external attack"......

G4S unveils plan to issue new shares
Global security group G4S announces plans to issue new shares and sell off some divisions as it struggles to cut debt and overcome a series of setbacks......

Indian rupee falls to fresh low
India's rupee sinks by nearly 4% to a new low against the US dollar amid growing concerns about the health of the country's economy......

No botulism found in Fonterra probe
New Zealand says that Fonterra products at the centre of a global contamination scare did not contain bacteria that can cause botulism, as Fonterra operations resume in Sri Lanka......

China probes PetroChina executives
Chinese authorities are investigating three senior executives of state-owned energy firm PetroChina over "severe breaches of discipline"......

Ex-JP Morgan trader held in Spain
Ex-JPMorgan employee Javier Martin-Artajo is arrested by Spanish police in connection with the so-called London Whale trading scandal......

Colombia farm strike deal offered
The Colombian government offers concessions to small-scale farmers on strike for more than a week, including better prices for their products......

Turning the tables on cold callers
A Leeds man is turning cold calls into profit by making marketing companies use his premium-rate line......

Keypads 'cause mobile banking risks'
Fraud and mistakes on fiddly keypads could create problems for people who use banking services on their mobile phones, a regulator says......

'Tip-off' fear over inspections plan
Fraudsters could be "tipped off" about inspections by trading standards officers if planned new rules come into force, a lobby group says......

Markets volatile on Syria concerns
The possibility of military action against Syria keeps the price of oil high and sends European stocks lower, while US share markets open flat......

US house prices continue to rise
Growth in US house prices remained strong in June, according to a closely watched survey, rising 12.1% compared with a year earlier......

India eyes $28bn infrastructure lift
The Indian government approves infrastructure projects worth 1.83tn rupees ($28.4bn; 17.7bn) to revive the economy and boost the falling rupee......

Fenerbahce fail in Europe ban appeal
Turkish side Fenerbahce fail in an appeal against their ban from Europe following involvement in domestic match-fixing......

Billabong cuts brand value to zero
The struggling Australian surfing brand Billabong wipes out the value of its brand as it reports much worse than expected results......

VIDEO: Shopping around for pensions
BBC Breakfast's Dominic Hughes explains how pension annuities can vary by as much as 40% on retirement......

VIDEO: Factory site's 1bn town centre opens
The first phase of a 1bn project to redevelop Longbridge's MG Rover factory site is unveiled in Birmingham......

VIDEO: Faroe Islands in EU fishing row
EU trade sanctions on the Faroese fishing fleets provoke anger on the islands......

VIDEO: New scam losing Britons millions
One in four of us are at risk of a new type of phone scam that involves the victim being duped into transferring money into an account accessible to a fraudster......

VIDEO: South Africa's strike 'dilemma'
South African motor industry workers have failed to reach a deal with their bosses at Toyota, Ford and BMW. The BBC's Lerato Mbele says the workers face inflation but "the economy is not growing"......

VIDEO: New app to share food leftovers
A new app is aiming to help you make better use of the world's resources by letting you pass on your restaurant "doggy bag" - or uneaten food......

VIDEO: 'Sigh of relief for NZ government'
New Zealand has said that Fonterra products at the centre of a global contamination scare did not contain botulism-causing bacteria......

VIDEO: Ex-JP Morgan trader arrested in Spain
Former JP Morgan employee Javier Martin-Artajo has been released after an arrest by Spanish police in connection with the "London Whale" trading scandal at the bank......

How big data is changing the world
What happens when the world is plugged into the network.....

Lessons from online learning
Does the growth of online courses threaten the future of colleges?.....

Selling Serbia to foreign investors
Belgrade bids for more foreign investment.....

VIDEO: Pay as you live
How to live your life without lengthy contracts.....

Will we ever want to have sex with robots?
Will we ever want to have sex with robots?.....

Markets on Syria watch
Aug. 28 - Escalating tensions in Syria have investors on edge -watching carefully- and adjusting their strategies. Bobbi Rebell reports......

Syria could be catalyst to take markets lower-Uri Landesman
Aug. 28 - Bearish hedge fund manager Uri Landesman, President of Platinum Partners, is cutting his risk exposure, and increasing his short positions. Bobbi Rebell reports......

Breakingviews: Fracking foreign policy
Aug. 28 - Rob Cox and Christopher Swann discuss how hydraulic fracturing in America may alter the countrys approach to the Middle East......

Legal claims to JPMorgan cash pile up
Aug. 28 -U.S. regulators are lining up in a pursuit to get their hands on JPMorgan Chase's money through fees and settlements ranging from $80 million to $6 billion, according to latest media stories. Conway G. Gittens reports......

Fonterra botulism scare was false alarm
Aug. 28 - Dairy giant Fonterra's products, which were at the centre of a global food contamination scare earlier this month, did not contain a bacteria that could cause botulism and posed no food safety threat, said New Zealand officials. Fonterra's .....

European stocks sliding over Syria concerns
Aug. 28 - European stocks fell for the third straight session on Wednesday, as the prospect of an imminent military strike against Syria fuelled profit-taking on the 8% rally which has been seen since June. Ivor Bennett reports.....

Breakingviews: G4S cash call shows need for speed
Aug. 28 - UK security contractor G4S is placing around 350 mln of new shares to swerve a credit downgrade. A smart and speedy move, says Breakingviews......

Japan's tough talk on Fukushima just a power-play
' Jon Gordon reports......

Reuters Today: Look for oil to reach $125
Aug. 28 - An allied attack on Syria is likely to push oil prices sharply higher, says IDEAglobal MD Mike Gallagher, because retaliation to disrupt supplies is likely......

Prepare for market panic: Jim Rogers
Aug. 28 - Potential conflict in Syria and the scaling back of Fed stimulus point to a full-scale market "mess," says investor Jim Rogers, with the countries running trade deficits likely to be hardest hit......

UK orders Ryanair to cut Aer Lingus stake
Aug.28 - Britain's competition watchdog has ordered budget carrier Ryanair to cut its stake in smaller Irish rival Aer Lingus from 30% to 5%, saying the current arrangement could reduce competition. Ryanair is appealing the decision, but as Ciara Sut.....

Syria, debt fight worries slam Wall St.
Aug. 27 - Stocks tumble, gold and oil prices rise as worries mount of a possible strike against Syria and renewed arguing in Washington over debts. Conway G. Gittens reports......

China a charm for Tiffany
Aug. 27 - Tiffany's growing business in China is helping to offset weakness in the U.S. where consumers are holding back on buying the jeweler's lower-priced products. Bobbi Rebell reports......

Hungarian train shines light on self-contained solar power
Aug. 28 - A nature reserve in central Hungary has become a testing ground for self-contained, solar-powered train travel. Engineers say the narrow gauge train is the first of its kind, and could become a template for larger train transport systems. M.....

Tiffany shares a little rich right now-Morningstar's Swinand
August 27 - Morningstar's Paul Swinand says Tiffany's ability to raise prices and strength in China are good signs for the luxury jewelry maker- but explains why he has a hold on the stock. Bobbi Rebell reports......

Spain's Olympic bid still on track despite economic hurdles
Aug 27 - Organisers behind Madrid's bid to host the 2020 Olympics are confident it will benefit the economy despite new data showing last year's recession was deeper than previously stated. Ivor Bennett reports......

Home prices rise but at slower pace
Aug. 27 - A new survey shows home price gains slowed in June and one of the survey's co-founders says the housing market has gotten very speculative. Hoda Emam reports......

Breakingviews: Ackman's airplay
Aug. 27 - Richard Beales and Breakingviews columnists discuss why Bill Ackman's bet on Air Products may be more successful than the hedge fund manager's efforts at J.C. Penney and other retailers......

Breakingviews: Slim's KPN support looks cheap
Aug. 27 - The Mexican tycoon has backed KPN's disposal of E-Plus to Telefonica Deutschland but this in turn makes his offer look miserly, says Breakingviews' Robert Cole......

Third time unlucky for India's finance minister
Harvard-educated P Chidambaram is struggling to reverse Indias economic slide. But in a volatile political environment, can policymakers really ride to the rescue? Tara Joseph reports......

China's netizens cry foul after online personality detained
Aug. 27 - A Chinese-American investor and commentator has been detained in Beijing. Police accuse him of soliciting prostitutes, but netizens are worried a wider crackdown on social media is imminent......

Time to stop shorting Peugeot - CEO
Aug. 27 - Peugeot stock is soaring as recovery hopes prompt hedge funds to cover their short positions on the stock. We ask Peugeot CEO Maxime Picat whether there are solid fundamentals behind the rebound......

Reuters Today: Top Stories and Analysis
Aug. 27 - Global markets are getting the jitters, and it could get worse, after the U.S. suggests it'll take action against Syria because of its chemical weapons attack......

Western property buyers look to Asia
Aug. 27 - We've heard a lot of stories about wealthy property investors putting vast sums of money into expensive London property, but how keen are Western buyers to look put their money into Asia? Michael Millar reports......

Peugeot looking to new model to drive growth
Aug.27 - Recovery hopes have Peugeot stocks soaring, but is the rally is sustainable and when we can see meaningful growth return to Europe's auto market? Ciara Sutton reports......

Mark Carney may have to prescribe the medicine for housing bubble
Mark Carney would be a brave governor to take away the punch bowl just as the party gets started.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3083908b/sc/2/mf.gif' border='0'/><br clear='all'/><div.....

Nothing is given away at the Mark Carney show
"SOME are going to go up and others are going to go down."<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30839092/sc/38/mf.gif' border='0'/><br clear='all'/><div class='mf-viral'><table border=.....

G4S rebuilds balance sheet as it aims to put past blunders behind it
Security group G4S raised 348m via a share placing and warned of looming job cuts as its new chief executive sought to draw a line under its accident-prone past.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308.....

New boss aims to take G4S out of the firing line
Recently, the security company has rarely been seen in public without the tag "accident-prone".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3082ec4f/sc/2/mf.gif' border='0'/><br clear='all'/><div c.....

Emerging market rout is too big for the Fed to ignore
The US Federal Reserve has told Asia, Latin America, Africa and Eastern Europe to drop dead.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3082ec6e/sc/2/mf.gif' border='0'/><br clear='all'/><div clas.....

Home buyers in London need 64,000 deposit
First-time buyers in London are being forced to put down record deposits due to rising house prices, data show.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3082ec75/sc/2/mf.gif' border='0'/><br clear='al.....

Number of workers in retail increasing at fastest pace since 2002
Employment in the retail industry is growing at the fastest pace in 11 years after the heatwave boosted Britain's high streets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3082e838/sc/2/mf.gif' border='0'/>.....

Tesco suffers setback as August sales fall in the UK
Tesco, Britain's biggest retailer, has suffered a setback in the battle to get its domestic business back on track after sales lagged behind its rivals in August.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30.....

Growth fund backs Arran toiletries firm
A Scottish luxury toiletries firm which narrowly avoided collapse in 2009 has secured a 2.8m investment from a fund backed by all of the major high street banks.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/308.....

France facing worst grape harvest in 40 years
One of its poorest wine grape harvests in four decades due to cold and rainy spring and hailstorms.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3082718c/sc/26/mf.gif' border='0'/><br clear='all'/><.....

Is the price too high to keep Greece in the euro?
Greece is now in a far stronger position going into yet more bail-out discussions.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30826e9b/sc/2/mf.gif' border='0'/><br clear='all'/><div class='mf-vira.....

Serco staff investigated by police over prison van 'fraud'
Police have been called in to investigate alleged fraud by staff of a private company which holds a 285 million pound contract to operate prison vans.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30826ea5/sc/2/.....

Oil companies boosted by surging crude
The ongoing Syria crisis continued to push Brent crude higher on Wednesday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30826eb1/sc/2/mf.gif' border='0'/><br clear='all'/><div class='mf-viral'>&.....

Indian rupee plunges most in almost 20 years to record low
The Indian rupee fell to record lows against the dollar and pound on Wednesday, suffering its biggest one-day loss in nearly two decades.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3082695c/sc/2/mf.gif' borde.....

Sketch: Mark Carney, pop picker
Michael Deacon watches Mark Carney give a speech on growth, interest rates - and his love of 19-year-old pop singer Jake Bugg.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30826634/sc/2/mf.gif' border='0'/>&.....

888 boss plans further online poker expansion in US
The boss of 888 Holdings is eyeing further expansion into the US as he prepares for a return to America's online poker market after seven years.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30826635/sc/25/mf.gi.....

Mark Carney delivers first speech : as it happened - August 28, 2013
Mark Carney uses his first speech as governor to convince sceptics of his pledge to keep interest rates at a record low for the next three years.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3081afd1/sc/2/mf.gi.....

Mark Carney delivers first speech : live
Mark Carney uses his first speech as governor to convince sceptics of his pledge to keep interest rates at a record low for the next three years.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30802153/sc/2/mf.gi.....

'Pennies and cheques will be gone in 10 years'
Damning survey adds weight to banks' drive to phase out older forms of payment in favour of fingerprint and eye scanning.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3081325f/sc/8/mf.gif' border='0'/><br.....

Nationwide offers to buy out 'Pibs' holders
Investors can sell 'Pib' shares back to the building society, although some will take a 'haircut' of almost 10pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30813261/sc/22/mf.gif' border='0'/><br clear=.....

Jammie Dodger maker Burton's up for sale
Burton's Biscuit Company, the maker of Jammie Dodgers, Wagon Wheels, and Maryland chocolate chip cookies, is officially up for sale with a price tag of around 350m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

Mark Carney's tries again to convince on forward guidance: reaction
Mark Carney has used his first speech to reiterate his plegde to keep interest rates low for the next three years. Here analysts give their reaction.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30813264/sc/2/m.....

Mark Carney pledges to keep rates low in his first speech: reaction
Mark Carney has used his first speech to reiterate his plegde to keep interest rates low for the next three years. Here analysts give their reaction.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3080e3dd/sc/2/m.....

Bank of England Governor's first speech: Mark Carney reassures that interest rates will stay low
Bank of England governor Mark Carney addresses business leaders at the University of Nottingham in his first public UK speech as he attempts to shore up his flagship "forward guidance" policy.<img width='1' height='1' src='http://telegraph.feedspo.....

Bank of England Governor Mark Carney reassures that interest rates will stay low in first speech
Bank of England governor Mark Carney addresses business leaders at the University of Nottingham in his first public UK speech as he attempts to shore up his flagship "forward guidance" policy.<img width='1' height='1' src='http://telegraph.feedspo.....