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U.K. markets news

Sunday Papers: Funds line up �5bn bid for Severn Trent
Sunday Telegraph: A consortium of British and international funds is planning a second �5 billion bid for Severn Trent before the 11 June "put up or shut up" deadline.
Funds line up �5bn bid for Severn Trent  Telegraph.co.uk
A flood of cash to buy up the water companies  The Independent
Scotsman   Related articles »  
Britain resists EU bid to set new target on renewable energy
The government will oppose attempts to set a new renewable energy target within the EU, in a move that could put at risk tens of billions of pounds of green investment and tens of thousands of new jobs.
Britain calls for EU target to halve emissions by 2030  The Independent
UK Government: To Propose 50% EU CO2 Emissions Cut By 2030  Wall Street Journal
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Universal credit in danger of failing, official Whitehall review says
The first official government admission that Iain Duncan Smith's flagship plans to remake the welfare state has hit trouble emerged on Friday night when the Cabinet Office's review of all major Whitehall projects branded the universal credit programme as ...
Delivery report reveals threat to flagship infrastructure projects  Financial Times
Warnings over flagship government projects  BBC News
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HSBC under fire from all sides at AGM
Angry shareholders of HSBC on Friday bombarded the group's board with barrage of accusations ranging from financing Mexican drug cartels to supporting tax havens, slashing jobs and mis-selling products.
HSBC to cut use of tax havens as chairman Douglas Flint says they have ' ...  Telegraph.co.uk
HSBC Chairman urges acceleration of bank reform  Reuters
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Royal Mail: Brokers lined up for �3bn flotation
THE brokers for the �3 billion flotation of Royal Mail are expected to be announced this week, as trade unions claim that the government may yet push for an outright sale of the business.
Royal Mail leads the Government's great sell-off  Telegraph.co.uk
UK's Royal Mail Said to Seek 1.5 Billion-Pound Loan Before IPO  Businessweek
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EU CRISIS ROAD MAP: Key Milestones Ahead
The euro zone has been reminded lately that although investors are showing renewed confidence in its financial markets that its crisis is still simmering below the surface.
Europe needs a more European UK, says ECB president  The Guardian
Banks to repay 8.1 bln euros of ECB crisis loans  Reuters
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Comment: Plasters won't be enough to heal Co-op
THE Co-operative may claim to be good with food, but it's not proving to be so good with money. A big hole has emerged in the balance sheet of its banking business, which is now burdened with the same sort of problems that hit its bigger rivals.
Co-op reviews bank's futures as it halts new loans  Telegraph.co.uk
Co-operative Bank draws scrutiny as it ends new company loans  Financial Times
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Can the UK economy build on confirmed 1st QTR growth of 0.3%?
Activity in the vital services sector increased, according to the latest Markit PMI survey for April giving the clearest indication yet that the economy is improving.
UK GDP: concerns about underlying economy as 0.3pc growth confirmed  Telegraph.co.uk
Statisticians confirm 0.3% UK growth for first quarter of 2013  Financial Times
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UK gas supply six hours from running out in March
Britain came within six hours of running out of natural gas in March, according to a senior energy official, highlighting the risk of supply shortages amid declining domestic production and a growing reliance on imports.
Britain 'was just six hours away from running out of gas': And ...  Daily Mail
Britain 'came close to running out of gas'  Telegraph.co.uk
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Taxpayers face £62 million bill to clear opencast coal sites
TAXPAYERS could end up footing a �62 million bill for restoring coal mines in one local authority area following the collapse of Scotland's largest mining companies.
Shortfall of �62m for East Ayrshire mining clean-up  BBC News
Calls for mine inquiry as taxpayer faces �62m bill  Scotsman
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