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U.K. markets news

UK banks told to find further �13bn
The UK's banks have been told to find an additional �13.4bn of capital this year on top of the balance sheet-strengthening measures they had already been planning.
Regulator tells Barclays, Lloyds and RBS to plug �27bn hole in finances  The Independent
PRA tells banks to raise another �13 billion  Reuters UK
Evening Standard   Related articles »  
Fed Roils Global Markets
Fresh signs that the U.S. Federal Reserve is considering pulling back on efforts to support the U.S. economy rattled global markets Thursday in a wave that hit every major asset class.
Stock futures fall in wake of Fed's stimulus wind-down outline  Reuters
Spain Leads Slump in European Bonds as Bernanke Signals QE Exit  Bloomberg
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UK retail sales sees strong rise in May
UK retail sales recorded a larger-than-expected rise last month, helped by a strong increase in food sales. Sales rose 2.1% in May from the month before, and were up 1.9% from a year earlier, according to the Office for National Statistics (ONS).
'Food binge' helps retail sales hit record levels in May in boost to ...  This is Money
UK retail sales recover strongly in May  Financial Times
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Dixons Retail wins with �95m profits
The boss of Currys and PC World owner Dixons Retail today declared the retailer was moving from �survivor to winner� as a boom in tablet sales sent UK profits flying.
Dixons sees no let up in UK tablets boom  Reuters
Four reason why Dixons thrives while the High Street dies  Telegraph.co.uk
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FTSE hits five month-low after Fed plans stimulus slowdown
By Alistair Smout. LONDON | Thu Jun 20, 2013 12:05pm BST. LONDON (Reuters) - Britain's top shares slid to five-month lows on Thursday, led by miners after the U.S.
FTSE 100 to open 100 points lower on Thursday  Proactive Investors UK
FTSE down to lowest point in five months - but holding above 6200  CITY A.M. (blog)
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EU Warns France, UK On Channel Tunnel Charges
BRUSSELS--The European Union began legal proceedings against France and the U.K. on Thursday over the fees charged by the private company that run the rail tunnel under the English Channel.
Eurotunnel passengers being ripped off by 'excessive' �32 supplement  Evening Standard
EU moves to cut high Eurotunnel charges  Telegraph.co.uk
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HSBC, ICAP Employees Conspired With Hayes on Libor, SFO Says
Tom Hayes, the former UBS AG (UBSN) and Citigroup Inc. (C) derivatives trader, conspired with employees at HSBC Holdings Plc, Rabobank Groep and other banks, as well as brokers, to manipulate Yen Libor rates, prosecutors said.
Former Trader Appears in London Court on Libor Fraud Charges  New York Times
Banker Thomas Hayes first to face UK Libor conspiracy charges  Financial Times
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UK manufacturers tread water as export orders stagnate
UK manufacturers tread water as export orders stagnate LONDON (SHARECAST) - UK manufacturing firms saw their production plans dashed for the quarter ended in June, according to the Confederation of British Industry (CBI), although expectations are ...
Manufacturing firms less confident about future in June - CBI  Reuters UK
Manufacturing firms stuck in a rut, CBI survey shows  The Guardian
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'Back GM food or children will die': Stark warning from Environment Secretary as ...
Children will go blind or die if the world does not embrace genetically modified crops Owen Paterson claimed today. The Environment Secretary issued the controversial ultimatum as he claimed Britain could lead the way in producing GM food.
Growing GM crops will help us feed world, says minister  Evening Standard
GM crops 'benefit consumers'  BBC News
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Money Talks: mortgage lending, inflation and dissatisfied commuters
The UK property market is most defintiely on an upwards trend, according to the latest mortgage figures from the Council of Mortgage Lenders.
Mortgage increase points to housing boom  Telegraph.co.uk
Mortgage lending soars as funding initiatives lift housing market  Financial Times
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