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U.K. markets news

BoJ governor Haruhiko Kuroda promises to stabilise bond market
Haruhiko Kuroda vowed on Friday to do more to steady Japan's bond market, as another rocky day's trading cast doubt over the effectiveness of the across-the-board effort to reflate the world's third-largest-economy.
JGBs mostly slip, take cue from gyrating stock prices  Reuters
JGBs react favorably to Bank of Japan purchases  MarketWatch
Telegraph.co.uk   Related articles »  
Co-op Bank halts loans to new business customers
A spokesman for Britain's biggest customer-owned financial services business said it would continue to provide lending to existing customers.
Co-operative Bank halts new business lending  BBC News
Co-op Bank stops lending to new corporate clients  Reuters UK
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UPDATE 1-Bank of England's Fisher says does not want US-style QE pledge
Fri May 24, 2013 5:47am EDT. By William Schomberg. CARDIFF May 24 (Reuters) - A Bank of England policymaker said on Friday he favoured small additional amounts of bond purchases over time, but not a hard-to-manage commitment to longer-term ...
UK only two-thirds through debt recovery, says BoE's Paul Fisher  Telegraph.co.uk
UK may be three quarters of the way through debt purge - Fisher  Reuters UK
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Europe needs a more European UK, says ECB president
Mario Draghi, president of the European Central Bank, has called for the UK to be "more European" and said the continent's key institutions could face dissolution if the UK leaves the European Union.
ECB's Draghi: 'Imperative' to Set up New Bank Body  ABC News
ECB president pushes for a �more European UK�  FT Adviser
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Manchester United cuts its debt costs
Manchester United predicted its interest payments would fall by about �10m a year after refinancing its bond notes. Bank of America is providing a new facility that allows the club to redeem all its 8.75 per cent sterling bonds, worth �178m, and $22.1m of its ...
Football club Man Utd refinances to cut interest costs  Reuters UK
Manchester United cuts debt costs  BBC News
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Low rates fail to deter savers, banks say
A lack of confidence among consumers has pushed up savings levels in the last year despite the low rates of interest available, banks say.
Gross mortgage stays steady at �7.8bn: BBA  FT Adviser
Mortgage approval figures indicate housing market recovery is underway  Moneywise Magazine
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Guernsey airline Aurigny considers larger planes for Gatwick
A Guernsey airline is considering using bigger planes after becoming the only operator to fly to Gatwick. The Treasury and Resources Department is the sole shareholder in Aurigny and said it is considering leasing or buying aircraft outright.
EasyJet to buy Gatwick slots from Flybe  Financial Times
Flybe sells Gatwick slots to easyJet for �20m  Telegraph.co.uk
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Two Tesco executives get �3m in 'damages' as supermarket posts first loss in 20 ...
Two key lieutenants of Tesco boss Phil Clarke received almost �3million in 'damages' following their departure from Britain's biggest retailer at the height of its troubles.
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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FCA fines JPMorgan �3.1m over client details
JPMorgan's UK wealth management business has been fined nearly �3.1m for failing to keep complete and up-to-date client files, a shortcoming that put customers at risk of receiving unsuitable investment advice.
FCA fines JPMorgan �3m over failings in wealth arm  Telegraph.co.uk
UK Regulator Fines JP Morgan for Control Failings  Wall Street Journal
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SABMiller benefits from new markets
The one-off benefits from the last year's acquisition of Foster's Lager made direct comparisons slightly more complicated at drinks producer SABMiller (SAB).
SABMiller lifts revenues despite Colombia unrest  Financial Times
SABMiller Gets a Lot Out of Africa  Wall Street Journal
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