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U.K. markets news

Stocks Decline on Fed Fears
Stocks declined and both Treasury-bond yields and the dollar rose sharply, all signs of market unease, after Mr. Bernanke repeated his May comments that the Fed this year could begin trimming the size of its monthly debt purchases.
Bernanke Sees Beginning of End for Fed's Record Easing  Bloomberg
Treasury yields rise as exits get clogged  Financial Times
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UK watchdog says Lloyds must raise 8.6 billion pounds capital
By Huw Jones and Matt Scuffham. LONDON | Thu Jun 20, 2013 9:11am BST. LONDON (Reuters) - Lloyds Banking Group must plug a capital shortfall of 8.6 billion pounds ($13.5 billion), Britain's banking regulator said on Thursday, a day after the government ...
UK banks told to find further �13bn  Financial Times
Business news and markets: live  Telegraph.co.uk
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INSTANT VIEW 3-UK retail sales bounce back strongly in May
LONDON, June 20 | Thu Jun 20, 2013 4:49am EDT. LONDON, June 20 (Reuters) - British retail sales rebounded much more than expected in May, lifted by discounting at supermarkets and online shopping, official data showed on Thursday.
UK retail sales sees strong rise in May  BBC News
Supermarket discounts, online trade spur May jump in UK retail sales  Reuters UK
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Gavin Patterson to be appointed chief executive of BT Group
LONDON, June 19, 2013 /PRNewswire via COMTEX/ -- BT announces today that Gavin Patterson will succeed Ian Livingston as chief executive of BT Group plc.
BT chief Ian Livingston: 'I couldn't say no to Government job'  Telegraph.co.uk
BT Names New Chief Executive  Wall Street Journal
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Four reason why Dixons thrives while the High Street dies
Dixons Retail has announced a �115.3m pre-tax loss in its annual results, only marginally better than �118.8m last year. However, the owner of PC World and Currys has said underlying profits are much better - up 39pc - while group sales rose 4pc in the full ...
Dixons Sees Improving Signs From Shoppers as Profit Jumps  Bloomberg
Dixons year profit up 15 percent on strong UK  Reuters UK
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Children are dying because of failure to use GM crops, says Owen Paterson
Mr Paterson said that GM offers �wonderful opportunities� that could benefit human health and the environment. He said GM production in the UK would mean less spraying of pesticides and less intensive farming.
GM even safer than conventional food, says environment secretary  BBC News
Environment Secretary Owen Paterson urges UK to adopt use of GM crop ...  The Independent
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RBS break-up backed by first minister
The Scottish first minister has backed a break-up of RBS to split its risky investment bank from its mainstream retail and business lending arm.
Osborne looks to split RBS into 'good' and 'bad' banks  Money Marketing
George Osborne: 'RBS Should Have Been Split Five Years Ago'  Wall Street Journal (blog)
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FCA fines property agent record one million pounds
LONDON | Wed Jun 19, 2013 11:42am BST. LONDON (Reuters) - The Financial Conduct Authority (FCA) has fined a property agent nearly a million pounds for defrauding vulnerable people, the largest-ever fine for a sole trader in the consumer sector.
UK watchdog fines property agent one million pounds  Reuters
Indian realty broker fined one million pounds in UK for fraud  Firstpost
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UK May Gross Mortgage Lending Highest Since October 2008
LONDON--Gross mortgage lending was the highest in just over four-and-a-half years in May as government initiatives appear to be stimulating demand for a growing number mortgages with low interest rates, figures showed Thursday.
Mortgage lending hits highest levels since October 2008  Money Marketing
99.5pc fail to work out the true cost of a mortgage  Telegraph.co.uk
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Mervyn King to be made life peer
Outgoing Bank of England governor Sir Mervyn King is to be made a life peer. Speaking at the annual Mansion House dinner last night, chancellor George Osborne thanked King for his �integrity, intelligence and patriotism�.
Britain's banks are still a danger to the real economy  Financial Times
Bank of England Chief Makes Parting Plea for More Stimulus  Wall Street Journal
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