Daily Finance UK http://www.dailyfinance.co.uk Daily Finance UK http://www.blogsmithmedia.com/http://www.dailyfinance.co.uk/media/feedlogo.gif Daily Finance UK http://www.dailyfinance.co.uk en-us Copyright 2010 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/Why your Sunday roast is set to soarhttp://www.dailyfinance.co.uk/2010/09/03/why-your-sunday-roast-is-about-to-soar/http://www.dailyfinance.co.uk/2010/09/03/why-your-sunday-roast-is-about-to-soar/http://www.dailyfinance.co.uk/2010/09/03/why-your-sunday-roast-is-about-to-soar/#commentsFiled under: , , ,

The price of Sunday lunch is going up. Or it will be if you haven't turned vegetarian. Lamb prices are at a near 40-year high. Pork prices have soared and beef prices are also rising fast. Even mince is rising. Something's clearly cooking - but not your roast dinner if prices continue like this.

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Why your Sunday roast is set to soar originally appeared on Daily Finance UK on Fri, 03 Sep 2010 07:12:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayFri, 03 Sep 2010 07:12:00 ESTZara enters online fashion fray - at lasthttp://www.dailyfinance.co.uk/2010/09/02/zara-enters-online-fashion-fray-at-last/http://www.dailyfinance.co.uk/2010/09/02/zara-enters-online-fashion-fray-at-last/http://www.dailyfinance.co.uk/2010/09/02/zara-enters-online-fashion-fray-at-last/#commentsFiled under: , ,


Online fashion got a boost today with the new web opening of Zara. This has to be a smart (though overdue) move for the Spanish retailer - high street consumer confidence remains low while on-line shopping continues to boom. Witness similar online moves by key rivals H&M, GAP and Banana Republic.

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Zara enters online fashion fray - at last originally appeared on Daily Finance UK on Thu, 02 Sep 2010 08:40:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayThu, 02 Sep 2010 08:40:00 ESTGermany drives Q2 EU growth lifthttp://www.dailyfinance.co.uk/2010/09/02/germany-drives-q2-eu-growth-lift/http://www.dailyfinance.co.uk/2010/09/02/germany-drives-q2-eu-growth-lift/http://www.dailyfinance.co.uk/2010/09/02/germany-drives-q2-eu-growth-lift/#commentsFiled under: , , ,

Eurozone gross domestic product (GDP) lifted by 1% in the second quarter, according to EU stats agency Eurostat. Eurostat also lifted its estimate relative to the previous 2008 second quarter - meaning eurozone growth in the first quarter climbed from 0.2% to 0.3%. These growth figures mean the EU outperformed both the US and Japan.

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Germany drives Q2 EU growth lift originally appeared on Daily Finance UK on Thu, 02 Sep 2010 06:35:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayThu, 02 Sep 2010 06:35:00 ESTDarling admits bonus supertax failedhttp://www.dailyfinance.co.uk/2010/09/02/darling-admits-bonus-supertax-failed/http://www.dailyfinance.co.uk/2010/09/02/darling-admits-bonus-supertax-failed/http://www.dailyfinance.co.uk/2010/09/02/darling-admits-bonus-supertax-failed/#commentsFiled under: , , , ,


Ex-chancellor Alistair Darling has admitted the 50% bankers' bonus tax failed. At a financial conference yesterday Darling told an audience that many bankers were "very good at getting out of these things". Given that Credit Suisse sprang a surprise round of bonuses on 400 of its top London bankers, Darling's timing was right on the money.

Continue reading Darling admits bonus supertax failed

Darling admits bonus supertax failed originally appeared on Daily Finance UK on Thu, 02 Sep 2010 04:57:00 EST. Please see our terms for use of feeds.

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]]>Dont MissDontMissAdrian HollidayThu, 02 Sep 2010 04:57:00 ESTManagers jump back into UK equitieshttp://www.dailyfinance.co.uk/2010/09/01/managers-get-back-into-uk-equities/http://www.dailyfinance.co.uk/2010/09/01/managers-get-back-into-uk-equities/http://www.dailyfinance.co.uk/2010/09/01/managers-get-back-into-uk-equities/#commentsFiled under: , , , ,


Apparently the double-dip fears are overdone. Or perhaps fund managers have a more reliable crystal ball than the rest of us. Whatever it is, fund managers are starting to pour their cash back into UK equities. So maybe there are reasons to be cheerful about the economy?

Continue reading Managers jump back into UK equities

Managers jump back into UK equities originally appeared on Daily Finance UK on Wed, 01 Sep 2010 10:01:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayWed, 01 Sep 2010 10:01:00 ESTCredit Suisse does U-turn on bonuseshttp://www.dailyfinance.co.uk/2010/09/01/credit-suisse-does-u-turn-on-bonuses/http://www.dailyfinance.co.uk/2010/09/01/credit-suisse-does-u-turn-on-bonuses/http://www.dailyfinance.co.uk/2010/09/01/credit-suisse-does-u-turn-on-bonuses/#commentsFiled under: , ,

When is a bonus not a bonus? Answer: when it's a discretionary leadership award. That's at least how Credit Suisse appear to be nipping around ex-chancellor Alistair Darling's bankers' bonus tax. Around 400 Credit Suisse bankers are likely to benefit from the new windfall payments made today.

Continue reading Credit Suisse does U-turn on bonuses

Credit Suisse does U-turn on bonuses originally appeared on Daily Finance UK on Wed, 01 Sep 2010 07:16:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayWed, 01 Sep 2010 07:16:00 ESTOsborne attacked for CPI benefits linkhttp://www.dailyfinance.co.uk/2010/09/01/osborne-attacked-for-cpi-benefits-link/http://www.dailyfinance.co.uk/2010/09/01/osborne-attacked-for-cpi-benefits-link/http://www.dailyfinance.co.uk/2010/09/01/osborne-attacked-for-cpi-benefits-link/#commentsFiled under: , , , ,


George Osborne has drawn new fire on his decision to link benefits and pensions with the Consumer Prices Index (CPI) rather than the Retail Prices Index (RPI). The Royal Statistical Society (RSS) has questioned whether the move is fair to the UK's poorest, as CPI inflation is considerably lower than the RPI rate.

Continue reading Osborne attacked for CPI benefits link

Osborne attacked for CPI benefits link originally appeared on Daily Finance UK on Wed, 01 Sep 2010 06:42:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayWed, 01 Sep 2010 06:42:00 ESTManufacturing in UK and Eurozone fallshttp://www.dailyfinance.co.uk/2010/09/01/manufacturing-in-uk-and-eurozone-falls/http://www.dailyfinance.co.uk/2010/09/01/manufacturing-in-uk-and-eurozone-falls/http://www.dailyfinance.co.uk/2010/09/01/manufacturing-in-uk-and-eurozone-falls/#commentsFiled under: , , ,

It was good while it lasted. Growth in the UK's manufacturing sector has lost its zip. The new Markit/Chartered Institute of Purchasing and Supply Manufacturing PMI index slipped to 54.3 last month from an already downwardly revised 56.9 in July. This is a shock result, below analyst estimates. Eurozone growth has also faltered.

Continue reading Manufacturing in UK and Eurozone falls

Manufacturing in UK and Eurozone falls originally appeared on Daily Finance UK on Wed, 01 Sep 2010 06:41:00 EST. Please see our terms for use of feeds.

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]]>Dont MissDontMissAdrian HollidayWed, 01 Sep 2010 06:41:00 ESTTesco under fire in "secret" land dealhttp://www.dailyfinance.co.uk/2010/08/31/tesco-under-fire-in-secret-land-deal/http://www.dailyfinance.co.uk/2010/08/31/tesco-under-fire-in-secret-land-deal/http://www.dailyfinance.co.uk/2010/08/31/tesco-under-fire-in-secret-land-deal/#commentsFiled under: , , ,

Did Tesco buy a town centre through a front company then let it deteriorate so it could land a regeneration deal? Accusations of underhand tactics from UK major retailers aren't new. But a report in today's Times alleges a shopping centre in Linwood, Renfrewshire was deliberately let go to seed by Tesco via front vehicle Edinburgh-based Balmore Properties.

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Tesco under fire in "secret" land deal originally appeared on Daily Finance UK on Tue, 31 Aug 2010 07:30:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayTue, 31 Aug 2010 07:30:00 ESTUK lending continues to deterioratehttp://www.dailyfinance.co.uk/2010/08/31/uk-lending-continues-to-deteriorate/http://www.dailyfinance.co.uk/2010/08/31/uk-lending-continues-to-deteriorate/http://www.dailyfinance.co.uk/2010/08/31/uk-lending-continues-to-deteriorate/#commentsFiled under: , , , ,

UK lending remains mired in trouble. Total net UK lending fell off a cliff in July, plummeting to just £86m compared to £518m in June, according to new Bank of England figures. The new credit data is amongst the worst ever recorded since records began in 1993.

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UK lending continues to deteriorate originally appeared on Daily Finance UK on Tue, 31 Aug 2010 06:03:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayTue, 31 Aug 2010 06:03:00 ESTConsumer confidence soars in Augusthttp://www.dailyfinance.co.uk/2010/08/31/consumer-confidence-soars-in-august/http://www.dailyfinance.co.uk/2010/08/31/consumer-confidence-soars-in-august/http://www.dailyfinance.co.uk/2010/08/31/consumer-confidence-soars-in-august/#commentsFiled under: , , ,

Consumer confidence is back - at least, until the next consumer confidence survey tells us that it isn't. But if you put your trust in surveys, the latest GfK NOP consumer confidence looks bullish: this index advanced four points in August, the biggest increase since February. Of course, you could argue some consumers were enjoying an end-of summer blow-out.

Continue reading Consumer confidence soars in August

Consumer confidence soars in August originally appeared on Daily Finance UK on Tue, 31 Aug 2010 04:11:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayTue, 31 Aug 2010 04:11:00 ESTCrossrail delay could see Boris quithttp://www.dailyfinance.co.uk/2010/08/30/crossrail-delay-could-see-boris-quit/http://www.dailyfinance.co.uk/2010/08/30/crossrail-delay-could-see-boris-quit/http://www.dailyfinance.co.uk/2010/08/30/crossrail-delay-could-see-boris-quit/#commentsFiled under: , , , ,

Will Crossrail survive the spending cuts? The 72-mile West-to-East London line could be held back another year in an effort to save cash. The issue is hugely significant for London mayor Boris Johnson - who could even resign if George Osborne delays on the £16bn project come his October spending review.

Continue reading Crossrail delay could see Boris quit

Crossrail delay could see Boris quit originally appeared on Daily Finance UK on Mon, 30 Aug 2010 05:01:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayMon, 30 Aug 2010 05:01:00 ESTUK dividends bounce back at lasthttp://www.dailyfinance.co.uk/2010/08/30/dividends-bounce-back-at-last/http://www.dailyfinance.co.uk/2010/08/30/dividends-bounce-back-at-last/http://www.dailyfinance.co.uk/2010/08/30/dividends-bounce-back-at-last/#commentsFiled under: , , ,

Inflation-busting dividends are back. Given historically low interest rates and worryingly high living costs, that's good news. Many companies reporting last week hiked dividends. And companies reporting this week - amongst them McBride, Bunzl and Hays - are likely to continue the trend.

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UK dividends bounce back at last originally appeared on Daily Finance UK on Mon, 30 Aug 2010 04:01:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayMon, 30 Aug 2010 04:01:00 ESTUK economy grows faster than thoughthttp://www.dailyfinance.co.uk/2010/08/27/uk-economy-grows-faster-than-thought/http://www.dailyfinance.co.uk/2010/08/27/uk-economy-grows-faster-than-thought/http://www.dailyfinance.co.uk/2010/08/27/uk-economy-grows-faster-than-thought/#commentsFiled under: , , , ,

The UK economy expanded at its fastest rate of growth - 1.2% - for nine years in the last quarter. The Q2 GDP figures are a surprise lift from the Office of National Statistics. So what's going on? A little pre-austerity cut binge? Or something more deep-rooted and longer lasting?

Continue reading UK economy grows faster than thought

UK economy grows faster than thought originally appeared on Daily Finance UK on Fri, 27 Aug 2010 12:51:00 EST. Please see our terms for use of feeds.

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]]>Dont MissDontMissAdrian HollidayFri, 27 Aug 2010 12:51:00 ESTNewsagents get poorer as paper sales diehttp://www.dailyfinance.co.uk/2010/08/27/newagents-poorer-as-paper-sales-dip/http://www.dailyfinance.co.uk/2010/08/27/newagents-poorer-as-paper-sales-dip/http://www.dailyfinance.co.uk/2010/08/27/newagents-poorer-as-paper-sales-dip/#commentsFiled under: , , ,


Your local newsagent is getting poorer. Whether it's Mr Patel or Mr Price, British newsagents are almost 15% worse off than they were 10 years ago. And, according to retail analyst Mintel, the pressure on newagents to make a living is getting worse. But how bad is it really? Let's take a look.

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Newsagents get poorer as paper sales die originally appeared on Daily Finance UK on Fri, 27 Aug 2010 09:50:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayFri, 27 Aug 2010 09:50:00 ESTToyota hit by massive new car recallhttp://www.dailyfinance.co.uk/2010/08/27/toyota-hit-by-massive-new-car-recall/http://www.dailyfinance.co.uk/2010/08/27/toyota-hit-by-massive-new-car-recall/http://www.dailyfinance.co.uk/2010/08/27/toyota-hit-by-massive-new-car-recall/#commentsFiled under: , ,

Yet another big recall for Toyota. Just when the company had started to put the reliability scares behind it, Toyota is now having to recall 1.1m Corollas built between 2005-2008 over concerns that engines could unexpectedly cut out due to faulty engine control modules (ECMs).

Continue reading Toyota hit by massive new car recall

Toyota hit by massive new car recall originally appeared on Daily Finance UK on Fri, 27 Aug 2010 06:16:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayFri, 27 Aug 2010 06:16:00 ESTBloodbath warning for equity investorshttp://www.dailyfinance.co.uk/2010/08/27/bloodbath-warning-for-equity-investors/http://www.dailyfinance.co.uk/2010/08/27/bloodbath-warning-for-equity-investors/http://www.dailyfinance.co.uk/2010/08/27/bloodbath-warning-for-equity-investors/#commentsFiled under: , , , ,

Société Générale strategist Albert Edwards has warned that global stock markets face a bloodbath. Excessive valuations based on too much unfounded optimism about an end to the economic downturn have all played their part he says. Bond yields will also be affected.

Continue reading Bloodbath warning for equity investors

Bloodbath warning for equity investors originally appeared on Daily Finance UK on Fri, 27 Aug 2010 04:11:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayFri, 27 Aug 2010 04:11:00 ESTTories flog minister access for £1,000http://www.dailyfinance.co.uk/2010/08/26/tories-flog-government-access-for-1-000/http://www.dailyfinance.co.uk/2010/08/26/tories-flog-government-access-for-1-000/http://www.dailyfinance.co.uk/2010/08/26/tories-flog-government-access-for-1-000/#commentsFiled under: , ,


Remember all that pre-election talk about open government? Business execs can now buy £1,000-per-seat tickets to sit with government ministers at a Conservative Party business dinner on 5 October in Birmingham. But fret not about being identified - your name will be kept secret.

Continue reading Tories flog minister access for £1,000

Tories flog minister access for £1,000 originally appeared on Daily Finance UK on Thu, 26 Aug 2010 07:48:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayThu, 26 Aug 2010 07:48:00 ESTPolly Peck tycoon prepares for UK trialhttp://www.dailyfinance.co.uk/2010/08/26/polly-peck-tycoon-prepares-for-uk-trial/http://www.dailyfinance.co.uk/2010/08/26/polly-peck-tycoon-prepares-for-uk-trial/http://www.dailyfinance.co.uk/2010/08/26/polly-peck-tycoon-prepares-for-uk-trial/#commentsFiled under: , ,

The Serious Fraud Office (SFO) will shortly roll out the welcome mat out at Luton airport for fugitive Polly Peck tycoon Asil Nadir. Now almost 70, Nadir will land in a Turkish jet and then be electronically tagged. Back to argue his innocence against false accounting allegations, it's a bizarre twist to a saga that saw Nadir's £2bn FTSE-100 business obliterated back in 1990.

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Polly Peck tycoon prepares for UK trial originally appeared on Daily Finance UK on Thu, 26 Aug 2010 04:16:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayThu, 26 Aug 2010 04:16:00 ESTFull-year profits sober up for Diageohttp://www.dailyfinance.co.uk/2010/08/26/full-year-profits-sober-up-for-diageo/http://www.dailyfinance.co.uk/2010/08/26/full-year-profits-sober-up-for-diageo/http://www.dailyfinance.co.uk/2010/08/26/full-year-profits-sober-up-for-diageo/#commentsFiled under: , ,


Liquor giant Diageo says full year operating profits increased just 2% thanks to better performance from the emerging markets of Latin America and Asia. However back in recession-hit Europe and the US, the Guinness and Smirnoff maker has less to celebrate; sales remain weak.

Continue reading Full-year profits sober up for Diageo

Full-year profits sober up for Diageo originally appeared on Daily Finance UK on Thu, 26 Aug 2010 04:15:00 EST. Please see our terms for use of feeds.

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]]>Adrian HollidayThu, 26 Aug 2010 04:15:00 EST