Finance News - Business news from the UK and world

Good News Britain: Airbus deal shows the benefits of sustained investment

Tom Williams — Thu, 13 Dec 2012 17:47:50 GMT

We need to work with the Government but we also need vision and courage.

George Osborne wins City safeguards as EU secures deal on banking union

Bruno Waterfield — Thu, 13 Dec 2012 17:19:04 GMT

Britain has won a guarantee that a new European Central Bank-controlled supervisor for eurozone banks will not be allowed to seize control of euro currency financial transactions in the City.

George Osborne grilled by MPs on Autumn Statement: live

Denise Roland — Thu, 13 Dec 2012 17:10:10 GMT

George Osborne has played down the importance of Britain's top credit rating, describing it as just "one test" and not the key symbol of the economy's strength.

UBS close to $1bn Libor settlement - report

Telegraph Staff — Thu, 13 Dec 2012 16:58:57 GMT

UBS is reportedly close to settling claims that its staff were involved in alleged attempts to manipulate Libor, and could face fines of more than $1bn (£620m).

Guardian and Observer staff to vote on strike action

Katherine Rushton — Thu, 13 Dec 2012 16:44:06 GMT

Staff at the Guardian and Observer newspapers are expected to strike over job cuts, after the overwhelming majority voted to hold a ballot over strike action.

Betfair to sacrifice profit as it exits unstable countries

Nathalie Thomas — Thu, 13 Dec 2012 16:07:42 GMT

Gambling group Betfair is preparing to forfeit almost a quarter of its revenue by withdrawing from more than a dozen countries where there is unstable regulation.

Centamin shares plummet further over troubles in Eygpt

Emma Rowley — Thu, 13 Dec 2012 15:00:09 GMT

Centamin's shares collapsed after it said it had closed its Sukari gold mine and listed fresh problems it faces in Eygpt.

App users waste £173m a year in data downloads

Telegraph Staff — Thu, 13 Dec 2012 14:42:15 GMT

Many "data hungry" apps stay connected to the internet even when minimised or seemingly not in use.

Financial illiteracy 'costs UK £3.4bn a year'

Rachel Cooper — Thu, 13 Dec 2012 14:41:22 GMT

A lack of financial education costs Britain £3.4bn a year as the burden of unemployment and personal debt takes its toll, research has claimed.

AstraZeneca arthritis drug performs badly under tests

Louisa Peacock — Thu, 13 Dec 2012 14:41:12 GMT

An experimental rheumatoid arthritis drug from AstraZeneca - pipped as its most likely blockbuster - performed poorly under tests, sending shares down.

Debt Crisis: Greece secures €49.1bn bail out cash: live

Denise Roland — Thu, 13 Dec 2012 14:16:15 GMT

The Eurogroup of 17 eurozone finance ministers has approved of Greece receiving its next tranche of bail out cash of €49.1bn, despite the country's bond buyback programme missing debt reduction targets.

West Coast Rail fiasco bill could grow, admits DfT

Telegraph Staff — Thu, 13 Dec 2012 13:47:03 GMT

The bill for taxpayers from the West Coast rail franchise fiasco could grow, the Department for Transport has admitted.

Airline profits pick up in 2012 despite global turmoil

David Millward — Thu, 13 Dec 2012 13:41:30 GMT

The world's leading airlines are on course to make a combined profit of £4.15 billion ($6.7 billion) this year.

Cowie's quick guides, part 5 - risk-free deposits

Ian Cowie — Thu, 13 Dec 2012 13:18:10 GMT

Banks and building societies are sneakily trimming returns to savers.

Cowie's quick guides, part 4 - risk-free deposits

Ian Cowie — Thu, 13 Dec 2012 13:18:10 GMT

Banks and building societies are sneakily trimming returns to savers, read on to make the most of your cash.

Amazon wins EU e-book pricing war with Apple

Telegraph Staff — Thu, 13 Dec 2012 12:52:47 GMT

European Union regulators ended an antitrust probe into e-book prices on Thursday, accepting an offer by Apple and four publishers to ease pricing restrictions on Amazon and other retailers.

US-style shale gas energy bonanza unlikely despite end of fracking ban

Telegraph Staff — Thu, 13 Dec 2012 12:49:15 GMT

The Telegraph's Science Correspondent Nick Collins says hopes of a cheap gas revolution may be wishful thinking, and the extent of UK shale gas reserves is still unclear.

Debt Crisis: Greece secures €34.3bn bail out cash: live

Denise Roland — Thu, 13 Dec 2012 12:47:47 GMT

The Eurogroup of 17 eurozone finance ministers has approved of Greece receiving its next tranche of bail out cash of €34.3bn, despite the country's bond buyback programme missing debt reduction targets.

Banking union deal is 'eurozone finding solutions'

Telegraph Staff — Thu, 13 Dec 2012 12:15:26 GMT

European finance ministers react after clinching a deal to give the European Central Bank new powers to supervise eurozone banks, embarking on the first step in a new phase of closer integration to help underpin the euro.

HMV: how his master lost his voice

Szu Ping Chan — Thu, 13 Dec 2012 11:54:23 GMT

HMV has warned that it could collapse in the New Year unless it agrees a fresh deal with lenders. We look back over its 90-year history and examine where his master lost his voice.

Gold demand increases 15pc

Telegraph Staff — Thu, 13 Dec 2012 11:35:18 GMT

As the gold price increases, demand for gold and other precious metals has continued to grow.

Why HMV is a dodo company

Damian Reece — Thu, 13 Dec 2012 11:10:28 GMT

As HMV's shares crash again, the betting has to be that the chain will be one of the New Year's earliest retail victims.

Sports Direct aims to reward Mike Ashley with bonus scheme

Rachel Cooper — Thu, 13 Dec 2012 10:55:35 GMT

Sports Direct is aiming to introduce a bonus scheme that could award Mike Ashley a windfall of up to £39m after shareholders rejected a similar plan earlier this year.

FTSE 100 slips back on renewed US 'cliff' worries

Ben Martin — Thu, 13 Dec 2012 10:48:32 GMT

The blue-chips fell on concerns over the US economy.

Eurogroup president hails banking union deal

Telegraph Staff — Thu, 13 Dec 2012 10:44:40 GMT

Eurogroup president Jean-Claude Juncker welcomes a deal to give the European Central Bank new powers to supervise eurozone banks.