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U.K. markets news

Greek retail sales up 1.2 percent in March
ATHENS May 29 Greek retail sales by volume rose 1.2 percent in March compared to the same month a year earlier, despite the uncertainty over a reforms deal with the country's EU/IMF lenders, statistics service ELSTAT said on Friday.
Greek capital flight hits record as Athens faces bail-out 'ultimatum'  Yahoo Finance UK
Greece slides back into recession, data confirm  MarketWatch
The Guardian  
Pure Gym buys rival LA Fitness for up to �80 million
Low-cost gym operator Pure Gym has snapped up older mid-market rival LA Fitness, picking up 43 clubs for an undisclosed sum thought to be in the range of �60-80 million.
Pure Gym flexes its financial muscle by buying LA Fitness  International Business Times UK
Pure Gym Fuels Expansion With LA Fitness Buyout  City Talk 105.9
UK economy faces a consumer confidence conundrum
Ask any optimist on the outlook for the UK economy why they remain upbeat despite recent soggy growth and there is normally a one word answer: confidence.
Consumer confidence takes unexpected dip in May following Conservative ...  International Business Times UK
UK: Consumer Confidence Unexpectedly Falls  Namnews
Telecity agrees to �2.35bn offer from US rival Equinix
UK data centre specialist Telecity has been bought by a US rival in a �2.35bn deal after a bid battle for the business. Equinix is offering �11.45 a share in a mixture of cash and paper, leading rival suitor Interxion to withdraw from the running.
Interxion Issues Statement Confirming Termination of Implementation ...  MarketWatch
US Data Giant Equinix Buys Telecity  Wall Street Journal
Scrapping Mansion Tax is Good News for DIY Giant Kingfisher
Home improvement giant Kingfisher (KGF) reported a first-quarter trading update that supported our thesis of a robust performance in the U.K.
Screwfix is driver behind Kingfisher  Western Daily Press
B&Q owners in shake-up as sales fall  Belfast Telegraph
UK audits show widespread flaws, says watchdog
Widespread flaws in the way the big accountancy firms - notably Grant Thornton and EY - carry out audits have been revealed in an annual check by the industry watchdog.
Tesco accounting scandal prompts FRC to scrutinise retail sector audits  Accountancy Age
Comment: Time to put a rocket up the auditors — and their watchdog  Evening Standard
UPDATE 2-Swiss economy shrinks, weighed down by franc surge
... * Economy contracted 0.2 pct year on year in Q1 -data. * Swiss lead indicator for May better than expected. * Central bank removed franc cap against euro in Jan. * Economists divided over recession risk (Adds lead indicator for May, analyst comment).
Swiss economy shrinks 0.2% as exchange rate swing excoriates exports  Zee News
Swiss economy contracts on franc rise  Deutsche Welle
Unrepentant Lehman ex-CEO Fuld says firm 'was not bankrupt'
NEW YORK Six years, seven months and 13 days after Lehman Brothers Holdings Inc filed for bankruptcy, its former chief executive, Richard Fuld Jr.
Lehman Brothers' former CEO blames bad regulations for bank's collapse  The Guardian
Lehman's Fuld Says It Wasn't His Fault  Wall Street Journal
FTSE closes May with gains, led by broker upgrades
LONDON Britain's top share index rose on Friday, capping a strong monthly performance in May, with gains led by Associated British Foods (ABF.
Britain's FTSE index falls on Greek concerns, drop in UK consumer confidence  Daily Mail
UK Stocks-Factors to watch on May 29  Reuters
Scotland's children better off as their pocket money soars 7.5%
And all the time Scottish children were already finding that the good times were here - as their levels of pocket money soared. In the meantime, youngsters round the rest of the country were finding that life can be hit you hard - with cuts in the amounts parents ...
Pocket money falls to �6.20 a week  Moneywise Magazine
Fewer children are getting their weekly pocket money  ITV News