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U.K. markets news

Co-op Bank stops lending to new corporate clients
By Matt Scuffham. LONDON | Fri May 24, 2013 4:15pm BST. LONDON (Reuters) - The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing concerns over its capital position.
Co-op Bank halts loans to new business customers  Telegraph.co.uk
Co-Op Bank Halts Loans to New Business Clients After Downgrade  Businessweek
Citywire.co.uk   Related articles »  
BBC abandons �100m digital project
The BBC has scrapped a �98m digital production system, which its director general said had "wasted a huge amount of licence fee payers' money".
BBC suspends technology boss over 'wasted' �100m  Telegraph.co.uk
BBC axes �98m technology project to avoid 'throwing good money after bad ...  The Guardian
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Gas: UK 'Was Six Hours From Running Out'
Britain's gas supplies ran "dangerously" low in March as high demand in cold temperatures and overseas supply problems coincided.
UK "gas supply is dangerously low"  MyFinances.co.uk
Britain 'came close to running out of gas'  Telegraph.co.uk
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New rule tightens Rupert Murdoch's grip on News Corp companies
News Corp, which will separate its highly profitable television and entertainment arm from its troubled newspaper and book publishing assets next month, set out plans for the new structure on Friday, ahead of a meeting with investors next week.
News Corp adopts 'poison pill' share plan to protect divisions  Financial Times
News Corp. board approves company split, set for June 28  Los Angeles Times
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Early Look at US Manufacturing Indicates Moderate Expansion
U.S. factory sector appears to be slowing slightly, according to an early reading of May activity released Thursday. The flash purchasing managers' index compiled by data provider Markit fell to 51.9 in May from a final April reading of 52.1.
London shares edge higher  AFP
China may require new stimulus  The Australian
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Mortgage lending falls for unprecedented fourth month
Households paid off �241m more mortgage debt than they borrowed in an effort to get on top of their debts. Before May last year, net lending had never been negative since the BBA started collecting the data in 1997.
Mortgage approvals edge up as incentive schemes kick in  Financial Times
Mortgage approvals at four-month high but consumers are still wary of taking ...  This is Money
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Concern over Scottish coal mine clear up cost
CALLS are growing for a public inquiry into failures to clean up coal mines across Scotland after a new report revealed a potential �60m shortfall in funds for one region alone.
Shortfall of �62m for East Ayrshire mining clean-up  BBC News
Taxpayers face multi-million pound bill to restore open-cast coal sites  Herald Scotland
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RBS hit by IT failure on mobile app
Royal Bank of Scotland (RBS) was hit by another IT failure on Friday morning that left customers unable to access their accounts through the mobile banking app.
RBS hit by mobile banking app glitch  ShareCast
Second RBS apology for banking app glitch  BBC News
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3i makes bid for Barclays unit as chief commits to boost growth
British private equity investor 3i Group has made an offer to buy Barclays' European infrastructure fund management unit, as it seeks to boost assets under management.
UPDATE 1-3i grows infrastructure arm with Barclays fund purchase  Reuters
3i to buy Barclays' �780m infrastructure fund arm  Citywire.co.uk
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P&G: You Say It Best, When You Say Nothing At All
As many fine musicians have pointed out, sometimes the way you say nothing can say a lot. And in the modern world of hyper-managed messaging from politicians, companies and celebrities, there's plenty of nothing being said.
Procter & Gamble shares near high on CEO switch  Businessweek
Wall St welcomes Lafley's return to P&G  Financial Times
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