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U.K. markets news

Britain Weighs Breakup of RBS
LONDON�The British government is considering breaking up Royal Bank of Scotland Group PLC, the country's Treasury chief said Wednesday, a potentially radical move that underscores policy makers' mounting frustration with their inability to arrest a ...
Thursday Papers: Osborne weighs RBS 'bad bank'  Citywire.co.uk
Britain Prepares to Sell Its Stake in Lloyds and Weighs a Breakup of RBS  New York Times
Telegraph.co.uk   Related articles »  
BT boss Ian Livingston made a Lord so he can be unelected trade minister
A top businessman who threw his weight behind the Government's savage cuts is to be made an unelected minister and handed a peerage.
BT chief Ian Livingston quits to join Coalition Government  The Independent
BT chief Ian Livingston: 'I couldn't say no to Government job'  Telegraph.co.uk
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Asian stocks and currencies join sell-off after Bernanke comments
US government bonds came under heavy selling pressure overnight after Ben Bernanke, Fed chairman, said the central bank could begin scaling back its $85bn-a-month asset purchase programme later this year if the US economy continued to improve.
Federal Reserve Eyes End of Bond Buying, Spooking Markets  Wall Street Journal
REPEAT-GLOBAL MARKETS-Asian stocks tumble on weak China PMI, Fed ...  Reuters
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China's Wanda aims to launch $1 billion NY hotel project this year: chairman
BEIJING | Wed Jun 19, 2013 6:56am EDT. BEIJING (Reuters) - Wanda Group, China's largest commercial real estate developer, aims to invest about $1 billion to build a five-star hotel in New York as its third major investment outside its home market, ...
Souter benefits from Sunseeker sell-off  Herald Scotland
China Billionaire Invests $1.6 Billion in London Land, Boats  Bloomberg
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UK government makes strongest statement yet in favour of GM food
Britain should embrace the benefits of genetically modified crops and push other EU countries to drop their opposition to GM food, the environment secretary will say in a speech on Thursday.
GM farming 'would save countryside and cost less': Minister's ...  Daily Mail
GM Crops 'Safe And Beneficial', Says Minister  Sky News
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FCA fines 'sale and rent back' agent nearly �1m
The Financial Conduct Authority has fined a �sale and rent back� agent nearly �1m for deliberately misleading vulnerable homeowners, the largest ever fine for a sole trader.
FCA bans and fines sole trader nearly �1m over sale and rent back failings  Citywire.co.uk
Record fine for home finance trader  Guernsey Press and Star (subscription)
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King Leaves Unfinished Business for Carney to Repair UK Banks
Bank of England Governor Mervyn King said his successor and the U.K. banking industry have �unfinished business� to do in reforming the financial system and reviving the U.K.
King praises radical plan for state-owned lenders  Financial Times
Bank governor to be made Lord King  BBC News
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Passenger Focus says rail companies are 'failing to deliver basic promises'
Passenger satisfaction with Britain's crowded, late-running and over-priced railway network has plummeted to the lowest level in six years, a damning new survey by official watchdogs reveals today.
Passenger satisfaction with trains plunges  Telegraph.co.uk
Delays and high prices leave rail passengers dissatisfied  The Guardian
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Mixed bag of results for JD Sports
While sales of trainers and tracksuits at JD Sports are sprinting along, the group's camping and other clothing stores have not quite broken out into a jog so far this year.
JD Sports expects big loss from outdoor shops  Telegraph.co.uk
Losses stack up for JD Sports' outdoor stores  CITY A.M.
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Royal Mail seeks injunction against workers' delivery boycott
Royal Mail has begun a court battle with the Communication Workers Union after thousands of postal workers voted to boycott deliveries of rivals' mail and to oppose privatisation.
Postmen threaten to boycott delivery of half your letters: Items handled by ...  Daily Mail
96 per cent of Royal Mail staff vote 'no' to privatisation  Telegraph.co.uk
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