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Sunday 25 August 2013

UK Financial News on 2013-08-25

Greece 'may need 10bn euros more'
Greece may need a third bailout worth about about 10bn euros (8.6bn; $13.4bn) but would not accept new austerity measures, the Greek finance minister says......

Argentina loses $1.3bn debt appeal
Argentina is again told it must pay back more than $1.3bn (857m) to a group of investors - 11 years after its record debt default......

Armstrong 'agrees Times settlement'
Disgraced cyclist Lance Armstrong agrees a settlement with the Sunday Times after it sued him for about 1m, the paper announces......

Five arrested over alleged tax scam
Five men suspected of trying to steal personal data to carry out tax rebate fraud worth 500,000 have been arrested, HM Revenue and Customs says......

Post Office staff in fresh strikes
Staff at the UK's 372 Crown post offices begin a further series of strikes in a dispute about closures, jobs and pay......

HS2 chief insists Labour backs plans
The boss of the HS2 rail project says she believes Labour still strongly supports the scheme despite some senior party figures raising concerns......

VIDEO: Post office workers start strike
Staff at the country's 372 Crown post offices are due to begin a further two days of strikes over the bank holiday......

VIDEO: Should Israel's Haredi Jews enlist?
The Israeli government is stepping up efforts to get more Haredi Jews into work. Jonathan Frewin reports......

How to beat car price depreciation
How to guard against price depreciation on your next motor.....

Commodities: Bumper crop expectations make corn the biggest loser as oil rises
Should the current turmoil in the North African country get any worse, a potential oil spike could damage any nascent economic recovery.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30615ad9/sc/2/mf.gif' border.....

'We're going to work until we're unable to'
"Golden age" of pensions is over and we will return to working until we no longer can, Scottish Widows boss warns.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30615ada/sc/25/mf.gif' border='0'/><br clear.....

Taper talk unnerves markets and pulls FTSE 100 away from record high
To taper or not to taper? That is the question preoccupying policymakers at the US Federal Reserve, a conundrum that has sparked considerable volatility in global stock markets recently as dealers contemplate a slowdown of the Fed's quantitative easi.....

Ex-Ghurkas to go on strike in fight to save training jobs at Serco
More than 100 retired members of the Gurkhas will go on strike this week in a protest over an Army training contract at outsourcing giant Serco.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/306154bc/sc/8/mf.gif.....

London's first outlet village to kick off new era for retail
Autumn opening for Wembley development specialising in end-of-season designer gear<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30611ace/sc/4/mf.gif' border='0'/><br clear='all'/><div class='mf-vira.....

Interview: 'Solar had to be smarter than digging stuff up and burning it'
With his solar firm Sungevity, Scotsman Andrew Birch is riding a Californian energy boom that could be bigger than fracking.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30611acf/sc/21/mf.gif' border='0'/>&l.....

Nuclear may become obsolete warns US solar energy chief
The UK risks missing out on the benefits of solar power by focusing on nuclear, according to the Scottish entrepreneur behind one of America's fastest growing retail solar panel companies.<img width='1' height='1' src='http://telegraph.feedsportal.....

Britain to be roped into EU rescue aid for Greece
The European Commission is planning use of EU budget funds for the next rescue of Greece, roping Britain into future responsibility for shoring up the eurozone currency structure.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

Formula 1 closes in on America after investment in US Grand Prix
The New York-listed fund manager which owns the second-largest stake in Formula One has invested in Circuit of the Americas, the Texas race track home to the US Grand Prix.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

Britain needs a miracle, and not in the shape of another debt binge
Last year, a yet-to-be-ennobled Sir Mervyn King had a go at answering the Queen's famous question about the recession: "Why did no one see this coming?"<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3060982a/sc/.....

Co-op bosses under pressure to show bail-out is on course
Leaders of the Co-operative Group will this week attempt to head off suggestions that the financial crisis facing the 8m strong mutual group is even worse than forecast.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....

New G4S chief poised to ring changes as investor waits in wings
Shares in G4S, the troubled security group, will be back in the limelight on Tuesday, amid suggestions that new chief executive Ashley Almanza is looking to radically overhaul the business and a new investor is set to double its stake.<img width='.....

How India's growth ended in tears
High price of humble onion is emblematic of nation's failures to invest, writes Dean Nelson.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/3060688e/sc/2/mf.gif' border='0'/><br clear='all'/><div clas.....

Amgen to buy $10bn Onyx in latest pharmaceuticals mega-deal
A US pharmaceuticals deal worth more than $10bn (6.4bn) is set to be announced this week, the latest takeover in a wave of industry consolidation.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30606890/sc/30/mf......

Estonia becomes self-sufficient on shale gas boom
Estonia is the world's first country to meet all its power needs from shale.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/306061c1/sc/24/mf.gif' border='0'/><br clear='all'/><div class='mf-viral'>.....

Foxtons team in line for windfall
Bosses at the estate agency are said to be in line for 100m from its flotation.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/306061c3/sc/30/mf.gif' border='0'/><br clear='all'/><div class='mf-viral'.....

BHP betting big on potash, says chief
Potash is being discussed as a possible future "pillar" for the world's biggest miner BHP Billiton, according to its chief executive Andrew Mackenzie.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/305fd278/sc/2/.....

Tim Hames: Britain needs more apprenticeships that act as a real education
Most countries in the world - such as the United States and France, on July 4th and 14th respectively - have national days for collective celebration. Britain does not, but instead has various moments in the calendar which mark recognised rites of pa.....

Mrs Carney's austerity tips: buy pencils that last longer and share online orders
Bank of England Governor's wife writes blog containing eco-friendly back to school suggestions<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/305fd27a/sc/22/mf.gif' border='0'/><br clear='all'/><div c.....

Germany's elections can heal European divisions
Outcome of vote is likely to sew harmony rather than disagreement, writes Jeevan Vasagar<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/305fd27b/sc/25/mf.gif' border='0'/><br clear='all'/><div class='.....

Bunzl's not so boring when it comes to deals
Distribution giant has bought 72 firms in the past nine years and is always looking for more, writes Alistair Osborne.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/30606891/sc/21/mf.gif' border='0'/><br c.....

Bunzl's not so boring when it comes to acquisitions
Distribution giant has bought 72 firms in the past nine years and is always looking for more, writes Alistair Osborne.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/305fe13e/sc/21/mf.gif' border='0'/><br c.....

Goldman Sachs: Signs of 'a slow recovery' in the eurozone
Huw Pill, Goldman Sachs' chief European economist says signs of growth are there in the eurozone but more must be done than just treating the symptoms of its underlying problems.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....

Signs of 'a slow recovery' in the eurozone
Huw Pill, Goldman Sachs' chief European economist says signs of growth are there in the eurozone but more must be done than just treating the symptoms of its underlying problems.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....

Alan Davies reveals Margaret Thatcher 'saved' him, despite his Left-wing leanings
Alan Davies, the comedian, has admitted he owes his career to Margaret Thatcher despite being a lifelong Labour Party voter and a self-confessed "Leftie".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/305c9c32/s.....