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U.K. markets news

Shrinking eurozone output points to recession in second quarter
The eurozone is likely to remain in recession in the second quarter, a business survey showed on Thursday, with output in both France and Germany, the two biggest economies, still shrinking.
China's Manufacturing Activity Contracts  Wall Street Journal
UPDATE 1-China HSBC flash PMI hits 7-mth low, fans growth fears  Reuters
Businessweek   Related articles »  
Wild rides with Ben Bernanke
Despite a sell-off in Japan and fears about future Fed action, the U.S. stock market weathered the storm yesterday, with the Dow closing down just 12.67 points, or 0.08 percent.
Treasuries Rise as Investors Win Largest Share of TIPS Auction  Bloomberg
Asia stock markets edge up after big sell-off  WRAL.com
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Mothercare chief executive insists recovery on track despite fall in sales
Mothercare is crawling towards a recovery as chief executive Simon Calver insisted the UK company was on target to break even within two years.
Store closures help Mothercare trim losses  Financial Times
Mothercare narrows losses but warns on dividend  Telegraph.co.uk
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Royal Mail chief set for 500000 sterling bonus - Sky News
Fri May 24, 2013 12:58am BST. (Reuters) - The chief executive of Royal Mail, Moya Greene, who is responsible for leading a turnaround of the business, is set to receive an annual bonus worth nearly 500,000 pounds, as the company readies itself for a stock ...
Royal Mail CEO In Line For �500000 Bonus  Sky News
Royal Mail Privatisation - Do We Want This?  Huffington Post UK (blog)
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Witches' brew spooks
Global markets face a witches' brew of new risks as Japan's monetary adventure wobbles, China's slows further, and the US Fed prepares to shut the spigot of dollar liquidity.
Column: Revenge of the markets - James Saft  Reuters
Market bulls run into the sand  Financial Times
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Flybe hits out at Gatwick over 'discrimination'
Flybe has hit out at the owners of Gatwick, claiming the airline's decision to sell 25 take-off and landing slots at the base to easyJet for �20m was due to the airport's "discriminatory" treatment of smaller airlines.
Concerns over Flybe's Gatwick slots sell-off to Easyjet  BBC News
EasyJet to buy Gatwick slots from Flybe  Financial Times
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Occupational funds win EU rules reprieve
Occupational pension funds have won a reprieve from a European regulatory overhaul that they feared would have had disastrous consequences for scheme members in several countries as well as the companies that fund them.
EU kicks 'reckless' pension rules into long grass  Telegraph.co.uk
EU Spares Pension Funds From Tough Solvency Rules  Wall Street Journal
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Halfords boss warns the bike chain faces an uphill slog
He warned profits would fall for the next two years as he launched a stinging attack on the company's previous management. Boost: Victoria Pendleton and her Halfords bike.
Halfords cuts dividend to focus investment on revamping stores  Telegraph.co.uk
Halfords shares fall as it reduces its dividend  Financial Times
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Tesco bonus cuts: Profit fall dents rewards for supermarket workers
Tesco workers paid the price for the biggest profit slump in its history after their bonus pot was halved. The supermarket giant's 280,000 UK staff will share a payout worth �56million, down from �110m a year earlier, and worth a maximum of �1,625 per ...
Tesco paid �3m to two outgoing directors  Financial Times
Tesco pays �3m to outgoing directors but chief executive misses out on bonus  Telegraph.co.uk
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Market Report: Investors rattled by overhaul at Pearson
New Pearson chief executive John Fallon looks to be on a mission to reshape the education giant in dramatic fashion, but the market did not seem convinced by his plans for a sweeping reorganisation.
Pearson to reorganise into six business divisions  Financial Times
Pearson folds FT into Chinese English schools business  Telegraph.co.uk
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