Search This Blog

Sunday 4 August 2013

UK Financial News on 2013-08-04

Little Chef in 15m Kuwaiti sale
The Little Chef restaurant chain is sold to Kuwait-owned business Kout Food Group for about 15m after being put up for sale in April......

HSBC 'closing diplomatic accounts'
HSBC bank reportedly asks more than 40 diplomatic missions to close their accounts as part of a programme to reduce business risks......

Vodafone sues Telecom Italia
Vodafone has filed a lawsuit against Telecom Italia, claiming the Italian company abused its dominant market position......

Apple iPhone patent ban overturned
A ban on sales of older models of Apple's iPad and iPhone in the US is overturned by the Obama administration......

Easygroup in budget supermarket move
Easygroup founder, Sir Stelios Haji-Ioannou, is looking to open a budget food retailer, taking on the likes of Aldi and Lidl......

More believe economy 'will improve'
More people think the UK economy will improve next year than those who think it will get worse, a survey by consumer group Which? suggests......

Newsweek sold to digital news firm
The former US current affairs magazine Newsweek, which published its last print edition in December, is sold to digital news company IBT Media......

Big markdown in Boston Globe sale
The Boston Globe newspaper is being sold to the owner of the Boston Red Sox for less than a 10th of what the New York Times paid for it in 1993......

VIDEO: Consumer confidence in economy 'up'
More people in the UK are feeling positive about the future of the economy according to a survey by consumer watchdog Which?.....

VIDEO: Spanish austerity's brain drain
Scientists in Spain claim the long-term future of the country is being sacrificed, because of what they call "short-sighted" austerity measures......

VIDEO: Dubai unlikely haven for artists
A Dubai artspace is doubling in size as the area becomes an unlikely haven for artists from the region......

VIDEO: NZ dairy recall amid bacteria fears
New Zealand has triggered a global recall of some of its milk products after a contamination scare......

VIDEO: Row over new Israeli ports plan
The Israeli government has unveiled plans for new privately-run ports to compete with the country's two main state-owned facilities. The authorities say they would increase competition and efficiency - but workers have gone on strike over fears for t.....

Ed Daniels: 'We see a presence for Shell in the North Sea for years to come'
Shell UK chairman urges stable tax regime as he worries about the UK economy, eurozone and bringing overseas staff to Britain<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f8c7b9c/sc/7/mf.gif' border='0'/>&l.....

Treasury may find extra 1.5bn for Royal Bank of Scotland
The Treasury is considering plans to inject another 1.5bn into Royal Bank of Scotland if a review it commissioned recommends the state-backed lender be broken up.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f.....

UK discovers 4bn-worth of cash in the attics
Britain's local authorities have discovered a 4bn treasure trove hidden in their vaults and hanging on their walls.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f8c7ba0/sc/25/mf.gif' border='0'/><div cla.....

Shell pledges long-term commitment to North Sea oil
Oil and gas production will continue in the North Sea for decades, the chairman of Shell UK has forecast.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f8c8cac/sc/2/mf.gif' border='0'/><div class='mf-vira.....

Fitness First invests 78m to shape up and flex its global muscles
The new owners of Fitness First have fired the starting gun on almost 78m of investment as the gym chain strives to get back into shape following its near collapse last year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

Retailers land sunny side up in heatwave
'Spontaneous' shoppers boost food and DIY sectors while other parts of the high street remain in the shade.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f8c8b10/sc/30/mf.gif' border='0'/><div class='mf-v.....

US digital group buys Newsweek's remains
Newsweek, the weekly magazine that vied with Time for decades in the world of current affairs and published its last print edition in December, has been sold to a US digital news company.<img width='1' height='1' src='http://telegraph.feedsportal......

Kuwait's Kout Food Group buys Little Chef for 15m
A Kuwait-based fast-food chain has come to the rescue of Little Chef, the roadside restaurant group struggling to attract motorists with its all-day breakfast menus.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....

Fears for fuel supply as supermarkets' share grows
Britain's 35m motorists are at bigger risk than thought of running out of fuel after an unexpected increase in supermarkets' share of the petrol retail market, a leading industry association has warned.<img width='1' height='1' src='http://telegra.....

The Germans are walking tall in the eurozone, but just how rich are they?
As we know, the Germans always win - well almost always - in everything from penalty shoot-outs to export markets. And currently within Europe they are walking tall again, as their economy succeeds while others, most notably the French one, struggle......

BIS blames Europe's creditors for eternal euro crisis
Europe's creditor powers bear as much blame as debtors for the eurozone's eternal crisis and are blocking recovery by failing to play a full part in righting the ship, according to the Bank for International Settlements.<img width='1' height='1' s.....

Royal Mail union explores plan for workers' trust post privatisation
Union leaders are considering plans to set up a workers' trust in Royal Mail, using the 10pc share stake being allocated to employees, as a way to increase their influence after privatisation.<img width='1' height='1' src='http://telegraph.feedspo.....

Stelios aims to fill budget food gap with 'no brand' stores
Sir Stelios Haji-Ioannou, the founder of easyJet, is launching a food retail business focusing on budget "no-brand-name" products in direct competition with supermarkets such as Aldi and Lidl.<img width='1' height='1' src='http://telegraph.feedspo.....

Stelios aims to fill budget food gap with 'no brand' stores
Sir Stelios Haji-Ioannou, the founder of easyJet, is launching a food retail business focusing on budget "no-brand-name" products in direct competition with supermarkets such as Aldi and Lidl.<img width='1' height='1' src='http://telegraph.feedspo.....

L&G steers clear of HS2 as it increases infrastructure investment by 400pc
Institutions are ready to release a huge flow of funds to support a raft of infrastructure projects but are telling ministers they will not be rushed into backing any Government list of priorities.<img width='1' height='1' src='http://telegraph.fe.....

At last we have a framework that allows ministers to check spending between departments
Imagine setting the strategy for your business without knowing how productive your staff are, how effectively you are using your buildings or how your costs compare with similar organisations elsewhere.<img width='1' height='1' src='http://telegra.....

LME and Goldman face suit over metals 'monopolism'
The London Metal Exchange and Goldman Sachs have been accused of "monopolistic behaviour" in a US class-action lawsuit over controversial metals storage.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f8bcaed/sc.....

China to ditch its one-child policy as ageing crisis looms
China's new leaders are close to abandoning the country's one-child policy, belatedly moving to avert an ageing crunch as the work force goes into sharp decline.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f8.....

Week ahead in business and economics: August 5 - 9
HSBC will today report pre-tax profits for the first six months of the year of $14.6bn (9.5bn).<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f8b2916/sc/2/mf.gif' border='0'/><div class='mf-viral'><.....

Potash to slump as Uralkali's new strategy ushers out the era of cartels
Are Yorkshire's new mining ambitions dead in the water after a collapse in the global fertiliser market?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f8b2917/sc/24/mf.gif' border='0'/><div class='mf-vira.....

John Timpson: five tips I'd give my grandchildren about how to run a family business
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/2f8b2919/sc/4/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr>&.....

The traditional high street is dead, says minister, as he suggests shops could become homes
A Government minister sounded the death knell for traditional high streets today as he said empty or boarded up shops should be turned into housing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f89bc7c/sc/7/mf.....

More than 2.2 million women now the main breadwinners, report finds
More than 2.2 million women are now the main source of income in their households, a rise of 83% in the past 16 years, a report has found.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f89b30f/sc/19/mf.gif' bor.....

83% rise in breadwinning women since 1997, report finds
More than 2.2 million women are now the main source of income in their households, a rise of 83% in the past 16 years, a report has found.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2f899fe0/sc/19/mf.gif' bor.....

Families need more support from Government and employers, think tank says
Government and employers' policy is not geared up to deal with the "difficult reality" facing many families, who struggle with unaffordable childcare and inflexible work, a report suggests.<img width='1' height='1' src='http://telegraph.feedsporta.....