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U.K. markets news

Sir Mervyn King issues Help to Buy mortgage warning
The outgoing governor of the Bank of England Sir Mervyn King has warned that a government scheme to help the housing market should not become permanent.
Help to Buy puts mortgage market at risk, says King  Telegraph.co.uk
BOE's King Says More Must Be Done to Spur Britain's Recovery  Bloomberg
The Independent   Related articles »  
Google tax avoidance row: Internet giant accused of 'scandalous' tax avoidance ...
A former Google executive turned whistleblower says he has 100,000 emails that expose the 'immoral' tax avoidance scheme used by his former employer.
Google boss Eric Schmidt may snub David Cameron over company's House of ...  The Independent
Miliband pledges corporate tax avoidance crackdown  BBC News
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Sir Roger Carr in line to become BAE Systems chairman
The Sunday Telegraph understands that the leading City figure and chairman of Centrica is favoured by the board's nominations committee and Nick Rose, the senior independent director leading the search for a replacement for the present chairman, Dick ...
Sir Roger Carr In Lead to Become BAE Chair - Sky News  Sky News
Carr in pole position to become BAE chairman  The Sunday Times
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M&S staff bonus at risk
Marks & Spencer's store staff could see their meagre �100 bonus trimmed or ditched after the retail bellwether posts a further fall in annual profits this week.
Bolland 'has backing of M&S board', says chairman  Telegraph.co.uk
John Phelps's portfolio  Herald Scotland
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City bankers plan to dodge new EU crackdown on bonuses
An EU crackdown on bankers' bonuses in the City of London will just lead to a surge in basic salaries and other initiatives to circumvent regulations, experts warned on Saturday.
Bonus cap to catch tens of thousands more bankers in Europe  Financial Times
EU bonus cap could hit 10 times as many London bankers: PwC  Reuters
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Independent Scotland open to Cyprus-style bank risks, says Britain
Sun May 19, 2013 4:31am EDT. * Referendum on independence due in Sept. 2014. * Breakaway would leave Scotland vulnerable-British Treasury.
An Independent Scotland More Vulnerable to Financial Shocks - UK Treasury  Wall Street Journal
Scottish Independence: Treasury claims banks 'safer in UK'  BBC News
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Citizens Advice calls for ban on cold calling after Ofcom study - MyFinances.co.uk
Ofcom has launched a consultation on price increases part-way through a contract. The telecoms regulator Ofcom has launched a consultation on whether telecom, broadband and mobile firms should be allowed to raise prices part-way through a contract.
Citizens Advice urges cold calling ban after Ofcom study  The Guardian
How to stop nuisance calls and junk mail  Telegraph.co.uk
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Market Report: ENRC founders get bid breathing space
The founders of troubled Kazakh miner ENRC have been given more time to come up with a better bid, but the City isn't convinced a better offer will be made.
ENRC Seeks Revised Offer From Consortium  Wall Street Journal
ENRC Founders Said to Detail Offer Below 300 Pence in Bid Letter  Bloomberg
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Families to pay �600 a year towards green energy by 2020, says think-tank study
The report said the cost of hitting European Union targets on green energy is likely to be more than �16 billion by 2020. This includes the cost of subsidies for wind farms and nuclear power, improvements to the national grid and VAT on green costs.
Switching supplier isn't enough - we need to talk about energy consumption  The Guardian (blog)
Aid for islands renewables  Herald Scotland
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Health alert as hospital charity offers small investors 6% bond
Nuffield Health, the charity that runs gyms and private hospitals, is the second organisation within a fortnight to offer small investors a high-paying bond.
Nuffield retail bond launches at 6% � but does it have a clean bill of health?  The Guardian
Jockey Club lengthens retail bond race  Financial Times
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