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U.K. markets news

JGB yields surge, markets spooked by Bernanke remarks
By Masayuki Kitano and Hideyuki Sano. SINGAPORE | Thu May 23, 2013 4:55am BST. SINGAPORE (Reuters) - Japanese government bonds plunged on Thursday, taking yields to their highest in a year and leading a selloff in bonds globally after Federal ...
Bernanke Seeks Sustained Job Gains Before Paring Bond Purchases  Bloomberg
Bernanke says bond buying could slow  Financial Times
Wall Street Journal   Related articles »  
IMF pulls its punches on UK economic policy
Behind closed doors at the fund's Washington headquarters, Mr Osborne challenged Olivier Blanchard, IMF chief economist, about the Frenchman's comments that Britain was �playing with fire� over its austerity drive, setting up a battle over the impending IMF ...
Relief for Osborne at last as IMF spots signs of recovery and welcomes ...  Daily Mail
IMF calls for new growth measures to help UK economy and ease austerity - as ...  The Guardian
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Market Report: Morrisons on shelf after shares sell-off
The supermarket chain Morrisons enjoyed a day in the sun last week after it unveiled a 25-year, �170m licensing deal with Ocado to help it launch food online next year.
Head of Waitrose Mark Price refuses to meet me, says Ocado chief Tim Steiner  Telegraph.co.uk
Morrisons shares slide as investment manager sells out  The Guardian
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�410million profits at the power giant fined for misleading customers
Profits at the energy giant SSE surged by 28 per cent on the back of a cold winter that left millions struggling to heat their homes.
SSE profits soar after price hikes and long winter � but tariffs to rise again  The Independent
SSE warns of more energy bill rises  Telegraph.co.uk
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Nationwide chief warns Help to Buy scheme could harm first time buyers
The boss of Britain's biggest building society says a government scheme could make it even harder for first-time buyers to bag a home.
Nationwide profits soar despite bad debts  The Independent
State-backed mortgages bolster Nationwide  Financial Times
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20 jobs go as Britvic shuts city operation
Up to 20 jobs are to go in Belfast after soft drinks firm Britvic announced it is to close a warehouse in the east of the city as part of a massive cuts programme.
Britvic to close Chelmsford factory  BBC News
Britvic to shut two factories with up to 400 jobs going despite 50% jump in ...  Mirror.co.uk
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Sterling is pounded as a fall in sales shows green shoots are still fragile
The pound slammed into reverse on Wednesday as a sharp fall in high street sales dented hopes Britain is on the road to a steady recovery.
Sterling slides as retail sales soften  Telegraph.co.uk
UK retail sales slump as shoppers balk at higher prices and cold weather  The Guardian
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Ministers approve plans for world's biggest wave farm in Western Isles
Full consent has been given for a 40MW farm off the north-west coast of Lewis - enough to power nearly 30,000 homes. Wave energy firm Aquamarine Power said it would begin installing its Oyster devices in the next few years, once grid infrastructure is put in ...
World's biggest wave energy farm off Lewis gets go-ahead  Herald Scotland
Irishman behind world's largest wave farm  Irish Times
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Cable & Wireless Communications to leave UK for Florida
The company, which recorded full-year pre-tax profit of $35m (�23m) last year compared to a loss of $117m in the previous year, plans to switch its headquarters to Florida in the United States as part of a restructuring of the business.
Cable & Wireless Communications to end era with relocation  Financial Times
Cable & Wireless Communications targets Caribbean cost cuts  Reuters UK
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Thirteen blue flags lost after tougher tests on water quality
THIRTEEN top Irish beaches have lost their coveted Blue Flag status because of new tougher water quality standards. Also in this section.
Blue Flag awards given to 55 beaches in England  BBC News
Ireland to have 13 fewer Blue Flag beaches this year  RTE.ie
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