UK Business Headlines

	Davos 2012: All the action from day three of the World Economic Forum Jan 27, 2012 \| Author: David Shariatmadari \| Source: Guardian Business\| guardian.co.uk World leaders continue to debate capitalism, the eurozone, and Iran at a snowy Davos [read more]
	Imperial Tobacco boosted ahead of update, but FTSE fades as Greek talks drag on Jan 27, 2012 \| Author: Nick Fletcher \| Source: Guardian Business\| guardian.co.uk Brokers positive about cigarette maker, but investors remain nervous about Europe [read more]
	Eurozone crisis live: Spanish unemployment tops 5m Jan 27, 2012 \| Author: Martin Farrer, Julia Kollewe \| Source: Guardian Business\| guardian.co.uk • Almost one in four now out of work in eurozone's fourth largest economy • Talks resume in Athens over crucial bond swap deal • Dallara and Papadamos meet tonight • Draghi says €489bn pre-Christmas liquidity boost averted second cre ... [read more]
	Rare minerals dearth threatens global renewables industry Jan 27, 2012 \| Author: John Vidal \| Source: Guardian Business\| guardian.co.uk China's near-exclusive access to terbium and yttrium sent prices soaring in 2011, potentially hobbling clean energy industry [read more]
	Bailed-out RBS spends millions on Washington lobbyists Jan 27, 2012 \| Author: Rajeev Syal \| Source: Guardian Business\| guardian.co.uk Bailed-out bank has spent over £2.5m of British taxpayers' money to influence politicians reforming US financial law [read more]
	Hedging on roads: councils bet on icy weather Jan 27, 2012 \| Source: Guardian Business\| guardian.co.uk The soaring cost of gritting roads is forcing local authorities to gamble on weather derivatives [read more]
	Indonesian protests force government to revoke gold mining permits Jan 27, 2012 \| Author: Kate Hodal \| Source: Guardian Business\| guardian.co.uk Joint Indonesian-Australian mining venture halted after string of violent protests at which two were killed [read more]
	Public Eye award singles out Brazilian mining company, Barclays Jan 27, 2012 \| Source: Guardian Business\| guardian.co.uk Award given at the same time as the World Economic Forum strives to embarrass companies for 'corporate irresponsibility' [read more]
	Why not benchmark RBS bonuses against the Bank of England? Jan 27, 2012 \| Author: Nils Pratley \| Source: Guardian Business\| guardian.co.uk Are RBS executives so valuable the bank would collapse without them? Does the threat of mass resignations have force? [read more]
	350 steel redundancies 'disastrous' Jan 27, 2012 \| Source: Independent Business Hundreds of workers at a steel firm which has gone into administration are to be made redundant in a "disastrous" blow to the industry. [read more]
	Ford reports high profits but falls short of estimates Jan 27, 2012 \| Source: Guardian Business\| guardian.co.uk Ford's high fourth quarter profits resulted from a one-time tax gain but missed estimates as commodity costs increased [read more]
	Metal theft won't be stopped by banning cash transactions \| Derek Campbell Jan 27, 2012 \| Author: Derek Campbell \| Source: Guardian Business\| guardian.co.uk As a metal recycler, I am directly affected by theft. But stopping cash transactions will only drive illegal trade underground [read more]
	Israel calls for tougher sanctions on Iran - video Jan 27, 2012 \| Source: Guardian Business\| guardian.co.uk Speaking in Davos, Ehud Barak, Israel's deputy prime minister and defence minister, warns of the dangers of Tehran's nuclear programme [read more]
	Wall Street dips on lower than expected US economic growth figures Jan 27, 2012 \| Author: Nick Fletcher \| Source: Guardian Business\| guardian.co.uk Fourth quarter GDP grows by 2.8% but falls just short of forecasts of 3% [read more]
	James Murdoch quits GlaxoSmithKline board Jan 27, 2012 \| Author: Terry Macalister \| Source: Guardian Business\| guardian.co.uk News Corp executive to leave corporate responsibility role at GlaxoSmithKline, though UK's largest drug company denies link to phone-hacking scandal [read more]
	In defence of Stephen Hester's £963,000 bonus \| James Ball Jan 27, 2012 \| Author: James Ball \| Source: Guardian Business\| guardian.co.uk The public are united in outrage at the RBS boss's latest payout – but offering up Hester as an economic blood sacrifice is wrong [read more]
	US economy picked up pace in final quarter of 2011 with 2.8% growth Jan 27, 2012 \| Author: Heather Stewart \| Source: Guardian Business\| guardian.co.uk Growth between October and December was fastest of year, but US economy expanded by a modest 1.7% overall in 2011 [read more]
	Spain unemployment tops 5.3m and set to get worse Jan 27, 2012 \| Author: Giles Tremlett \| Source: Guardian Business\| guardian.co.uk The conservative government of Mariano Rajoy has started to quietly beg the EU to ease up on deficit targets which require savage spending cuts [read more]
	FSA fines City traders for failings in David Einhorn insider dealing case Jan 27, 2012 \| Author: Julia Kollewe \| Source: Guardian Business\| guardian.co.uk Financial Services Authority fines a former compliance officer at Greenlight Capital and a JP Morgan Cazenove trader [read more]
	Anger grows over RBS chief's £900,000 bonus Jan 27, 2012 \| Author: Shiv Malik \| Source: Guardian Business\| guardian.co.uk London mayor Boris Johnson calls award 'bewildering' while Labour leader Ed Miliband describes it as 'disgraceful' [read more]
	Davos: if women are the future, where are they? Jan 27, 2012 \| Author: Jane Martinson \| Source: Guardian Business\| guardian.co.uk Despite a quota system to boost female participitation, the gender imbalance is still heavily skewed towards men [read more]
	Serco axes 500 jobs in shake-up Jan 27, 2012 \| Source: Independent Business Prisons to defence giant Serco is to chop 500 UK jobs as part of a shake-up in the way it provides back-office services to public and private sector organisations worldwide. [read more]
	350 steel jobs axed in Kent Jan 27, 2012 \| Source: Independent Business Hundreds of workers at a steel firm which has gone into administration are to be made redundant in a "disastrous" blow to the industry. [read more]
	Eurozone data raises fears of second credit crunch Jan 27, 2012 \| Author: Phillip Inman \| Source: Guardian Business\| guardian.co.uk Analysts say ECB likely to cut interest rates after official data shows loans to eurozone firms fell sharply while the volume of cash grew at slower rate [read more]
	George Osborne announces shakeup of City regulation at Davos Jan 27, 2012 \| Author: Larry Elliott, Jill Treanor \| Source: Guardian Business\| guardian.co.uk Speaking at the World Economic Forum, the chancellor announces plans to put the Bank of England in charge of day-to-day policing of the financial sector [read more]
	Why Microsoft needs to get Michael Bublé working on Windows 8 Jan 27, 2012 \| Author: Matthew Baxter-Reynolds \| Source: Guardian Business\| guardian.co.uk WinRT, the new programming framework for Windows 8, is a bet-the-farm strategy for Microsoft as it sees tablets chewing up its field. So why are people on Twitter talking about a singer more than this key technology? [read more]
	Mothercare shares fall again on Kiddicare competition fears and Panmure sell advice Jan 27, 2012 \| Author: Nick Fletcher \| Source: Guardian Business\| guardian.co.uk Broker downbeat on prospects after meeting Mothercare, with UK turnaround expected to take two years [read more]
	Israel calls for tougher Iran sanctions Jan 27, 2012 \| Author: Larry Elliott \| Source: Guardian Business\| guardian.co.uk Israeli defence minister Ehud Barak warns a nuclear-armed Iran would lead to proliferation, the spread of terrorism and a threat to oil supplies [read more]
	RBS: should Stephen Hester return his bonus? Jan 27, 2012 \| Source: Guardian Business\| guardian.co.uk Royal Bank of Scotland heads for political storm with award of 3.6m shares to chief executive despite widespread opposition [read more]
	The capitalism debate is anaemic – it must dig deeper \| Peter Guillam Jan 27, 2012 \| Author: Peter Guillam \| Source: Guardian Business\| guardian.co.uk More workable forms of capitalism will not appear without a wholesale reassessment of ideology, institutions and regulations [read more]