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U.K. markets news

Boom in the south drives up house prices
House prices rose 0.4pc in March, according to official Government figures. The Office of National Statistics (ONS) said that house prices had risen 2.7pc in the twelve months to March 2013, rising from �229,000 to �235,000 on average.
Inflation falls in April, giving more leeway for stimulus  Reuters UK
UK Inflation Cools on Fall in Oil Prices  Wall Street Journal
The Guardian   Related articles »  
Business news and markets: live
... Off. � UK inflation falls further than expected to 2.4pc � G4S chief executive Nick Buckles steps down � Marks & Spencer profits fall after clothing struggles � Burberry pre-tax profits up 14pc to �427.8m � Vodafone pre-tax profit fell 65.9pc � Political attacks on ...
Buckles bows out as G4S chief executive  Financial Times
Why Nick Buckles ran out of chances at G4S  The Guardian
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Ireland says not to blame for Apple's low tax rate
By Conor Humphries. DUBLIN | Tue May 21, 2013 11:40am BST. DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments after the U.S.
Tim Cook to insist Apple 'does not use tax gimmicks'  Telegraph.co.uk
Can Tim Cook Tame Washington?  Businessweek
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Miners, outsourcers keep FTSE at 12-year highs
By David Brett. LONDON | Tue May 21, 2013 11:56am BST. LONDON (Reuters) - Rallying miners and a contract win for outsourcing company Capita helped steady the FTSE 100 by midday on Tuesday despite weakness in travel firms after disappointing ...
Earnings in focus at FTSE's 12-year peak  Financial Times
FTSE heads for new 13 year high, but Carnival sinks 13% after warning on ...  The Guardian (blog)
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Vodafone to reinvest �2.1bn Verizon dividend
Vodafone is to plough a �2.1bn dividend from US telecoms group Verizon back into its business rather than offer shareholders a windfall, after the UK-based mobile operator reported its biggest annual fall in service revenues in five years.
Vodafone Reports First Full-Year Revenue Drop Since 2005  New York Times
'We pay our way': Vodafone rejects tax accusations  Evening Standard
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Royal Mail Doubles Earnings as Web Retailing Boosts Parcels
Royal Mail Group Ltd., the state-owned postal service that the U.K. government is looking to sell, said full-year profit more than doubled as growth in web-based shopping spurred parcel deliveries.
Royal Mail profits surge ahead of planned sell-off  The Guardian
Royal Mail profits leap to �440m  Manchester Evening News
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Investors are still on our side, says M&S, after another slide in profits
Marks & Spencer today mounted a vigorous defence of its strategy after its profits tumbled for the second consecutive year. The retail bellwether's bottom line has been hit by tumbling clothing sales, although it cheered investors by vowing to slash its capital ...
More woe for Bolland as M&S splutters - Management Today  Management Today
Marks & Spencer says investment to hold back profits  Reuters UK
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Burberry profits rise as Asian sales grow
UK fashion brand Burberry has reported a larger-than-expected rise in annual profits, helped by a strong performance in Asia. Pre-tax profits rose by a better-than-expected 14% to �428m ($652m).
Burberry bolstered by rising Chinese demand to push sales to �2bn  Financial Times
Burberry Profit Exceeds Expectations as Sales Surge in Asia  Bloomberg
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Carnival flounders after profit warning
Carnival can't seem to navigate its way out of troubled waters. The cruise ship operator slashed its earnings guidance for 2013.
Profit fall gives Carnival sea sickness  The Times (subscription)
Carnival Slashes Profit Forecast on Impact of Lower Fares  Bloomberg
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Bank of Ireland frees 1200 mortgage holders from rate rise
The bank announced in February that 13,500 mortgage customers on tracker mortgages would see their rates increase from May 1, around half of whom have a buy-to-let mortgage.
Bank of Ireland U-turns on mortgage rate hike  FT Adviser
Bank of Ireland in partial retreat on mortgage rise  Financial Times
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