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U.K. markets news

JGBs dive, dollar index hits three-year high on Bernanke comment
By Masayuki Kitano. SINGAPORE | Thu May 23, 2013 2:59am BST. SINGAPORE (Reuters) - Japanese government bond prices dived and 10-year JGB futures tumbled a full point, prompting the Tokyo Stock Exchange to temporarily suspend trade as the ...
JGB yields surge, markets spooked by Bernanke remarks  Reuters
Bernanke Seeks Sustained Job Gains Before Paring Bond Purchases  Bloomberg
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Market Report: Morrisons on shelf after shares sell-off
The supermarket chain Morrisons enjoyed a day in the sun last week after it unveiled a 25-year, �170m licensing deal with Ocado to help it launch food online next year.
Head of Waitrose Mark Price refuses to meet me, says Ocado chief Tim Steiner  Telegraph.co.uk
Morrisons shares slide as investment manager sells out  The Guardian
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IMF pulls its punches on UK economic policy
Behind closed doors at the fund's Washington headquarters, Mr Osborne challenged Olivier Blanchard, IMF chief economist, about the Frenchman's comments that Britain was �playing with fire� over its austerity drive, setting up a battle over the impending IMF ...
Relief for Osborne at last as IMF spots signs of recovery and welcomes ...  Daily Mail
Thursday Papers: IMF urges Osborne to spend on big projects  Citywire.co.uk
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�410million profits at the power giant fined for misleading customers
Profits at the energy giant SSE surged by 28 per cent on the back of a cold winter that left millions struggling to heat their homes.
SSE profits soar after price hikes and long winter � but tariffs to rise again  The Independent
SSE warns of more energy bill rises  Telegraph.co.uk
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Nationwide chief warns Help to Buy scheme could harm first time buyers
The boss of Britain's biggest building society says a government scheme could make it even harder for first-time buyers to bag a home.
Nationwide profits soar despite bad debts  The Independent
State-backed mortgages bolster Nationwide  Financial Times
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Sterling is pounded as a fall in sales shows green shoots are still fragile
The pound slammed into reverse on Wednesday as a sharp fall in high street sales dented hopes Britain is on the road to a steady recovery.
Sterling slides as retail sales soften  Telegraph.co.uk
UK retail sales slump as shoppers balk at higher prices and cold weather  The Guardian
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Cable & Wireless Communications to end era with relocation
Cable & Wireless Communications, the telecoms group that traces its history back to the early days of the British empire, is to leave the UK after more than 140 years and move its headquarters across the Atlantic.
Cable & Wireless Communications revenues down on Caribbean tourism slump  Telegraph.co.uk
CWC will move base out of UK after disposals  CITY A.M.
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Ministers approve plans for world's biggest wave farm in Western Isles
Full consent has been given for a 40MW farm off the north-west coast of Lewis - enough to power nearly 30,000 homes. Wave energy firm Aquamarine Power said it would begin installing its Oyster devices in the next few years, once grid infrastructure is put in ...
World's biggest wave energy farm off Lewis gets go-ahead  Herald Scotland
Irishman behind world's largest wave farm  Irish Times
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Analysis: Marine energy hampered by costs
THE renewables industry often talks about Scotland's marine energy sector as �world-leading� and it is announcements like this from Aquamarine Power that help prove the point.
Scotland warned independence could cost billions in renewable subsidies  The Guardian
UK Warns Scotland That Independence Would Bring Renewables Uncertainty  Wall Street Journal
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Britvic to slash 15% of workforce
Britvic is to cut up to 400 jobs - 15 per cent of its workforce - as part of efforts to bolster its fortunes as a standalone company should competition authorities squash its proposed tie-up with Scottish peer AG Barr.
Britvic to close two factories as it presses on from failed AG Barr deal  Telegraph.co.uk
Britvic Gains as Cost Cutting Plans Reduce Merger Uncertainty  Bloomberg
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