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U.K. markets news

Global shares end lower in volatile session, dollar falls
By Ryan Vlastelica. NEW YORK | Fri May 24, 2013 1:49am IST. NEW YORK (Reuters) - Stocks prices worldwide fell on Thursday as investors questioned the pace of economic growth and when the U.S.
FTSE 100 suffers heaviest drop for a year  Telegraph.co.uk
Bernanke Talks, Markets Wobble. There Must Be a Better Way  Wall Street Journal
The Guardian   Related articles »  
Revival at Mothercare
Mothercare said its UK turnaround plan remains "on track" after it cut losses at its domestic business, despite falling sales.
Mothercare chief executive insists recovery on track despite fall in sales  The Guardian
Mothercare narrows losses but warns on dividend  Telegraph.co.uk
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Royal Mail chief set for 500000 sterling bonus - Sky News
Fri May 24, 2013 12:58am BST. (Reuters) - The chief executive of Royal Mail, Moya Greene, who is responsible for leading a turnaround of the business, is set to receive an annual bonus worth nearly 500,000 pounds, as the company readies itself for a stock ...
Royal Mail CEO In Line For �500000 Bonus  Sky News
Royal Mail Privatisation - Do We Want This?  Huffington Post UK (blog)
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United Utilities rides on tide of good news
United Utilities has reported a rise in its revenues and pre-tax profits - further buoying its shares after last week's bid for neighbouring water company Severn Trent pushed their price up 18 per cent.
Questor share tip: Hold United Utilities as the sector is buoyed by bid talk  Telegraph.co.uk
United Utilities Profit Climbs 8.7% on Higher U.K. Water Prices  Bloomberg
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Occupational funds win EU rules reprieve
Occupational pension funds have won a reprieve from a European regulatory overhaul that they feared would have had disastrous consequences for scheme members in several countries as well as the companies that fund them.
EU kicks 'reckless' pension rules into long grass  Telegraph.co.uk
Pension funds relieved as EU drops capital rules proposal  Reuters
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Statisticians confirm 0.3% UK growth for first quarter of 2013
A day after the International Monetary Fund urged the government to do more to spur growth, Britain's official statisticians have reminded economists of just how far the UK economy remains from full health.
UK GDP: concerns about underlying economy as 0.3pc growth confirmed  Telegraph.co.uk
UK Economy Grows 0.3% on Inventories, Consumer Spending  Bloomberg
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Flybe hits out at Gatwick over 'discrimination'
Flybe has hit out at the owners of Gatwick, claiming the airline's decision to sell 25 take-off and landing slots at the base to easyJet for �20m was due to the airport's "discriminatory" treatment of smaller airlines.
Comment: Flybe blame-game goes beyond Gatwick  Scotsman
Concerns over Flybe's Gatwick slots sell-off to Easyjet  BBC News
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Booker sees boost from horsemeat scandal
Cash and carry group Booker has benefited from the horsemeat scandal as more caterers have turned away from processed meats and started making meals from scratch, according to the company.
Acquisition and internet delivers boost for Booker  The Times (subscription)
Booker pre-tax profit rises 13% to �101m  Financial Times
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Pennon hit by fall in demand for recycled waste
A downturn at Pennon's Viridor waste management business has prompted the group, which also owns South West Water, to report writedowns approaching �200m and a sharp fall in full-year pre-tax profits.
Pennon Full-Year Profit Drops as Waste-Recycling Sales Decline  Bloomberg
UK water giant United Utilities sees profits leap to �305 million  Evening Standard
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�3m for Tesco's US ex-boss
The chief executive of Tesco's failed US business walked off with nearly �3m last year, despite Fresh & Easy savaging the supermarket giant's bottom line.
Tesco sets out bonus challenge  Scotsman
Tesco pays �3m to outgoing directors but chief executive misses out on bonus  Telegraph.co.uk
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