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U.K. markets news

Mervyn King warns against 'demonising individuals' over banking failures
The outgoing Governor of the Bank of England warned against blaming individual bankers and said the banking sector was given "too much status and standing in society.
Sir Mervyn King: don't demonise bankers  The Guardian
BoE's King sends message to successor Carney  Reuters UK
Daily Mail   Related articles »  
Google chief Eric Schmidt criticises politicians over tax row
Mr Schmidt said he aimed to move the controversy over corporate tax avoidance �away from accusation and toward action� after Google's tax affairs were branded �rather devious�, �calculated� and �unethical� at the Public Accounts Committee.
Labour party calls for country-by-country tax reporting  Reuters UK
Ed Miliband vows to curb corporate tax avoidance  The Guardian
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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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Scotland Warned Of Increased Banking Risks
LONDON�An independent Scotland would have an exceptionally large banking sector, compared with the size of the rest of its economy, making it vulnerable to financial shocks and putting Scottish taxpayers at significant risk in the event of the country being ...
Independent Scotland open to Cyprus-style bank risks, says Britain  Reuters
Scottish Independence: Treasury claims banks 'safer in UK'  BBC News
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FirstGroup to announce chairman's departure and rights issue
FirstGroup is expected to announce that chairman Martin Gilbert is set to step down in a bid to placate investors as it unveils plans for a �600m rights issue and cuts the dividend.
FirstGroup chairman Martin Gilbert set to resign amid �600m rights issue  Telegraph.co.uk
Gilbert to step down at FirstGroup  Scotsman
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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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ENRC details founders' $2.3 billion cash-and-share bid plan
LONDON | Sun May 19, 2013 4:47pm BST. LONDON (Reuters) - Kazakhstan's government and the trio of founders behind miner ENRC (ENRC.
ENRC Founders Said to Detail Offer Below 300 Pence in Bid Letter  Bloomberg
ENRC: Initial Proposal Undervalues Miner; Bid Deadline Extended  Wall Street Journal
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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 to raise �15m
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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Legacy use agreed for last of eight big Olympic venues
Boris Johnson has welcomed a deal to secure the future of the �297m Olympic press and broadcast centres, the last of eight major venues in the 2012 Park in east London to agree its legacy use.
London Olympic Media Centers Spending Tops $1 Billion  Bloomberg
Deal Secures Future of 8 Permanent Venues of Olympic Park  Austrian Tribune
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