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U.K. markets news

IMF tells George Osborne to borrow �9bn more to plough into infrastructure to ...
Calling for an immediate stimulus to �offset� the austerity scheduled for 2013, David Lipton, the IMF's deputy managing director, said: �We suggest the Government bring forward planned capital spending and consider measures such as reducing the effective ...
IMF calls for new growth measures to help UK economy and ease austerity - as ...  The Guardian
Britain Must Do More for Economy, IMF Warns  New York Times
The Independent   Related articles »  
Retail sales dip in April due to cold weather and Easter timing
The timing of Easter and the freezing weather seen at the start of the month caused retail sales to fall by 2.2 per cent on an annual basis.
UPDATE 2-Canada retail sales flat but higher volumes spur optimism  Reuters
Canada Retail Sales Stall as Autos Gain and Fuel Drops  Bloomberg
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Bernanke says bond buying could slow
Ben Bernanke said the US Federal Reserve could start slowing the pace of its asset purchases �in the next few meetings�, but only if the labour market showed sustained improvement.
Bernanke spurs stock volatility, dollar gains  Reuters
Gold Futures End Lower on Bernanke Comments  Wall Street Journal
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State-backed mortgages bolster Nationwide
Nationwide has increased its share of the British mortgage market to a record level, helped by government-funded programmes to support housebuyers, such as the Bank of England's Funding for Lending Scheme.
Nationwide results scarred by commercial property  The Guardian
Nationwide: we're not the Co-op (but we lost a bundle on commercial ...  Citywire.co.uk
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The battle over bank capital ends
For the last seven months, a battle has raged over how much capital Britain's largest banks need to hold. The first shot was fired in November by the Bank of England's Financial Policy Committee (FPC), which asked Britain's then banking regulator, the ...
Osborne prepares ground for RBS and Lloyds sell-off  The Guardian
Regulator Says Lloyds, RBS Can Meet Capital Requirement  Wall Street Journal
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Google chief Eric Schmidt: 'The tax regime is not up to us'
Eric Schmidt, Google's executive chairman, said "I don't think companies should decide what tax policies should be. Governments should.
Cameron hails tax 'turning point' after Google criticisms  BBC News
Miliband says Google tax behaviour 'wrong'  Reuters UK
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SSE Plans Reduced Renewables Spending Share as Favors Networks
SSE Plc (SSE) plans to reduce its share of spending on renewable energy through March 2015 in favor of increased investment in its networks business, where rates for power and gas distribution and transmission are regulated.
SSE's Ian Marchant wants end to 'interventionitis'  Scotsman (blog)
SSE warns of more energy bill rises  Telegraph.co.uk
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Cable & Wireless posts annual profit � Quick Facts
Cable & Wireless Communications Plc. (CWC.L) Wednesday reported a pre-tax profit compared to a loss last year, amid lower items.
C&WC Reports Profit Growth  Light Reading
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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.
AG Barr 'positive' despite Britvic jobs axe  Scotsman
Britvic to close two factories as it presses on from failed AG Barr deal  Telegraph.co.uk
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London property companies get West End boost
The soaring price of property in London's West End has boosted results from real estate groups Great Portland Estates and Shaftesbury, which both own prime buildings across the UK capital.
Great Portland and Shaftesbury ride rising West End wave  Financial Times
Double-digit growth at Great Portland  Investors Chronicle
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