News archive from 29 May 2012

Fuel prices sets to soar after refinery that provides 20% of South East's supplies closes down

Fuel prices are set to rise after a refinery providing 20 per cent of the South East's petrol was closed down yesterday, leading to the loss of up to 1,000 jobs.The giant Coryton refinery, in Essex, was put into administration by its Swiss owner...

Daily Mail, 22:01 in Auto
 

Hazard - I'm going to Chelsea

Eden Hazard has finally ended speculation about his future by announcing he has decided to join Chelsea next season. The 21-year-old Lille playmaker, who had long been linked with a move to the Barclays Premier League, revealed he had chosen the...

Daily Post, 22:09 in Sport
 
Can you offer these three a loving home?

Can you offer these three a loving home?

By Sarah Davies HOMES are desperately needed for three four-legged friends who have been in the care of an animal charity for months. Staff at RSPCA Worcester and Mid-Worcestershire Branch believe greater financial stresses are to blame for fewer...

 

Tributes paid to former Hyndburn councillor

TRIBUTES have been paid to a “dedicated and much-liked” former Huncoat councillor who has died aged 74. Arlene Walker, of Windermere Avenue, Huncoat, fought against the erosion of greenbelt as a Labour councillor for the ward between 1992 and 1996....

 
Abu Qatada in new appeal – but Olympics mean he must stay in prison

Abu Qatada in new appeal – but Olympics mean he must stay in prison

TERROR suspect Abu Qatada has lodged a new appeal against deportation but has been refused bail after a judge warned it would be "exceptionally problematic" with the London Olympics already demanding heightened security. The radical cleric,...

Scotsman, 22:18 in Hot News
 

Government drops 'pasty tax' plans

The Government has signalled retreat on controversial tax rises on pasties and caravans in a move costing the Treasury £70 million. Following a post-Budget consultation on closing VAT loopholes, the Treasury said it would be modifying its plans to...

 

Hazard - I'm going to Chelsea

Eden Hazard has finally ended speculation about his future by announcing he has decided to join Chelsea next season. The 21-year-old Lille playmaker, who had long been linked with a move to the Barclays Premier League, revealed he had chosen the...

People, 22:24 in Sport
 

Government drops 'pasty tax' plans

The Government has signalled retreat on controversial tax rises on pasties and caravans in a move costing the Treasury £70 million. Following a post-Budget consultation on closing VAT loopholes, the Treasury said it would be modifying its plans to...

 

Spanish stock market hits nine-year low with country's borrowing costs soaring

The Spanish stock market hit a nine-year low yesterday, with the country's borrowing costs soaring. Analysts warned that the crisis in the eurozone was spiralling out of control, amid fears Spain will be the next domino to fall following the bailouts...

 

CITY FOCUS: Ousted boss Michael Woodford still focusing on Olympus

Seven months ago, Michael Woodford became the first British-born executive to rise to the top of a Japanese company. But his 30-year career at Olympus came to an abrupt end two weeks later, when he was fired. His offence? Exposing a £1.1bn accounting...

 

MARKET REPORT: Hargreaves digs up £10m trouble

Boss Gordon Banham had almost £10m wiped off the value of his 11 per cent stake in Hargreaves Services after the company he transformed from a Durham haulage firm into a diversified support services and energy group found traces of oil and gas down...

 

Barclays comes out fighting after order to pay back half a billion pounds seen as 'political mugging'

Barclays has come out swinging after it was ordered to pay back half a billion pounds amid accusations of tax-dodging. In February, Exchequer Secretary to the Treasury David Gauke accused an unnamed lender of using two "highly abusive' and...

 
Taxpayer-funded bailouts 'have handed banks a £123bn subsidy'

Taxpayer-funded bailouts 'have handed banks a £123bn subsidy'

Banks have been enjoying an "implicit' subsidy from taxpayers worth up to £123bn a year, according to the Bank of England. The assumption that the Government will step in to prevent banks from collapsing because they are "too big to fail'...

 

RUTH SUNDERLAND: Time to halt the tax tangles after Barclays saga

Barclays boss Bob Diamond clearly thinks his bank was the victim of a political mugging when it was identified in its "highly abusive' manoeuvre to avoid £500m of tax earlier this year. He is probably right. No doubt Diamond was seen as an easy...

 
Fed's Plosser says US to withstand euro fallout - WSJ

Fed's Plosser says US to withstand euro fallout - WSJ

Uncertainty in Europe might even help the U.S. economy in the short run by pushing down U.S. interest rates and energy prices, Plosser said in an interview, conducted in Eltville, Germany. (Reporting By Ransdell Pierson; Editing by Kenneth Barry)

Reuters, 22:31 in Business
 


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