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TheUKNews.com Sunday 5th February 2012 Volume 036/2012
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Hate cleric Anjem Choudary pictured with London Stock Exchange bomb plotter
London based hate cleric Anjem Choudary has been photographed with one of the terrorists who recently pleaded guilty to plotting to blow up the London Stock Exchange.

In a photograph, taken in 2009,...


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Glencore, Xstrata hammering out final deal details
By Clara Ferreira-Marques and Victoria Howley CAPE TOWN/LONDON (Reuters) - Top executives at trader Glencore (GLEN.L) and miner Xstrata (XTA.L) are hammering out the final details of an $80 billion...
ET, the new alien scaring global markets
By Huw Jones (Reuters) - The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms, foreign banks, and...
There's a case for ending quantitative easing but will the Bank of England listen?
European Central Bank (ECB) has eased fears that the eurozone will slide into a severe recession this year. Upbeat surveys of both the manufacturing and service sectors suggest that the UK should...
Euro zone insists no Greek rescue without reforms
By Jan Strupczewski BRUSSELS (Reuters) - Euro zone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms...
EU/IMF to let Ireland invest privatisation cash - PM
DUBLIN (Reuters) - Ireland's EU/IMF lenders have agreed to let it invest much of the cash it gets from privatisation rather than use it to pay down debts, if the proceeds are substantial, the...
Golden Gateway - the City of Tomorrow, circa 1961
This 1960s urban renewal project embodies everything misguided in the planning of that era, treating the existing city as a thing to be razed or ignored. But give credit to the creators and their...
Most Germans want Greece to quit euro - poll
BERLIN (Reuters) - The majority of Germans feel the euro currency bloc would be better off if debt-crippled Greece left it, a poll published in mass-selling newspaper Bild am Sonntag showed on...
Deutsche Boerse board member wants CEO out - paper
FRANKFURT (Reuters) - Deutsche Boerse's (DB1Gn.DE) chief executive Reto Francioni should step down following the collapse of its $7.4 billion plan to merge with NYSE Euronext (NYX.N), a member...
Slowing growth weighs on Mideast M&A values - report
ABU DHABI (Reuters) - Mergers and acquisitions in the Middle East and North Africa rose slightly in 2011, but the combined value of deals fell by more than a quarter as slower economic growth weighed...
France says Greek PSI talks going "relatively well"
PARIS (Reuters) - France's finance minister said on Sunday talks were moving "relatively well" on the private sector portion of a Greek bailout, but discussions designed to bring its...
Petroplus Coryton plant to receive crude tanker
By Emma Farge GENEVA (Reuters) - Petroplus's UK administrator said on Sunday that it had bought a cargo of crude oil for processing at its Coryton plant as it seeks to conclude negotiations...
China's Wen says country has stake in helping Europe
BEIJING (Reuters) - China has a stake in helping euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe's...
Olympus to hold shareholder meeting on April 20
TOKYO (Reuters) - Japan's troubled Olympus Corp said on Sunday it will hold an extraordinary shareholders meeting on April 20, when it is expected to seek approval of a new management team. The...
Clock ticks on Greece's bailout deadline
Greece on Saturday warned it had just one day left to clinch the bailout plan with political leaders and impatient lenders who accuse it of dragging its feet on promised...
BP aims to improve City relations with 14 per cent dividend rise
BP's chief executive, Bob Dudley, is expected to increase the oil giant's dividend for the first time since it was reinstated for the end of 2010 after a six-month...
UK fund managers are back buying 'safer' Italian bonds
The ECB has been buying the bonds to bring down the interest rate, which broke the much-feared 7 per cent barrier last year; they are now down to around 5.6 per cent. Andrew Cole, a director at...
Investors to force better deal from mining supermerger
Xstrata shareholders will take advantage of a technicality in the takeover process to seal better terms in its "merger of equals" with Glencore, a deal that would create a 50bn mining...
Game zeros-in on bid deadline
Game Group has set a deadline of Friday for first-round bids to acquire its overseas business, amid speculation that it faces a combined payment to suppliers of up to 250m this...
The business week in review: Facebook's flotation, Xstrata, Fred the Shred
After the famine, the feast. And bankers on both sides of the Atlantic were salivating after two of the biggest deals of any year - let alone one that follows a four-and-a-half year credit...
Unilever boss defends scrapping of 'unjustified' final salary pension scheme
The chief of the world's second-biggest consumer goods company has defended his position on scrapping the firm's final salary pension...
Margareta Pagano: The unknighting of Fred Goodwin can only be redeemed by genuine reform
Stripping Goodwin of his honour was contrary to natural justice and the least the coalition can do now is ensure our dysfunctional financial system is...
Hamish McRae: We can survive a eurozone slowdown, but only if the Chancellor gets radical
One of the country's most respected financial journalists and commentators Hamish McRae is an associate editor of The Independent. He was named Business and Finance Journalist of the Year 2006...
City fears Bill will not protect UK from rivals
Business Editor of The Independent on Sunday, Margareta Pagano was one of the founding editors and an associate editor of eFinancialnews, the City newspaper and online news service. She has worked...
Administrators at war: Rights to Stanford assets disputed in UK courts
A titanic transatlantic battle over the British remnants of the banking empire once headed by the disgraced Texan financier Allen Stanford is being fought out in the UK criminal and supreme...
Euro zone loses patience with Greece
By Jan Strupczewski BRUSSELS (Reuters) - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would...
Eurogroup's Juncker warns of possible Greece default
BERLIN (Reuters) - The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a...
Christine Lagarde praises Saudi role in stabilizing economy
JEDDAH, Saudi Arabia (Reuters) - International Monetary Fund managing director Christine Lagarde praised Saudi Arabia's role in stabilising the global economy during a visit to Riyadh on...
Sex in the city too noisy for neighbours
Sex parties are attracting regular noise complaints from neighbours. Auckland Council environmental control team manager Mervyn Chetty told the Herald on Sunday his officers were being called to...
Greece says bank recapitalisation agreed, but issues remain
ATHENS (Reuters) - Greece has agreed with euro zone partners on how to recapitalise Greek banks after a planned bond swap, but has yet to resolve issues related to labour reform and spending cuts in...
BT promises 'ultra-fast' 300Mb broadband
Telecoms firm BT stepped up the pace of its broadband expansion today by promising "ultra-fast" speeds of up to 300Mb by next spring. Its current broadband speeds are closer to...
French Connection in profit alert
French Connection, the fashion retailer, has suffered its second profit warning in less than three months after it was hit by weak retail sales over Christmas. The group said trading in...
Hungary seeks 15-20 billion euro IMF/EU credit line - official
BUDAPEST (Reuters) - Hungary is seeking an international credit line of 15 to 20 billion euros (12.5 to 16.7 billion pounds), the secretary of state heading the prime minister's office, Mihaly...