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U.K. markets news

Britain Weighs Breakup of RBS
LONDON�The British government is considering breaking up Royal Bank of Scotland Group PLC, the country's Treasury chief said Wednesday, a potentially radical move that underscores policy makers' mounting frustration with their inability to arrest a ...
Lloyds privatisation is 'active', says George Osborne  Telegraph.co.uk
Thursday Papers: Osborne weighs RBS 'bad bank'  Citywire.co.uk
New York Times   Related articles »  
BT boss Ian Livingston made a Lord so he can be unelected trade minister
A top businessman who threw his weight behind the Government's savage cuts is to be made an unelected minister and handed a peerage.
BT chief Ian Livingston quits to join Coalition Government  The Independent
BT chief Ian Livingston: 'I couldn't say no to Government job'  Telegraph.co.uk
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China's Wanda aims to launch $1 billion NY hotel project this year: chairman
BEIJING | Wed Jun 19, 2013 6:56am EDT. BEIJING (Reuters) - Wanda Group, China's largest commercial real estate developer, aims to invest about $1 billion to build a five-star hotel in New York as its third major investment outside its home market, ...
China Billionaire Invests $1.6 Billion in London Land, Boats  Bloomberg
China's Wanda buys Sunseeker Yachts and invests in London skyscrapers in ...  Telegraph.co.uk
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Federal Reserve Eyes End of Bond Buying, Spooking Markets
In a news conference, Federal Reserve Chairman Ben Bernanke talks about current monetary policy and situations that would lead to a change in those policies.
Treasury Yields Touch 15-Month High After Fed: Asian Bonds Slide  Businessweek
Bernanke Sees Beginning of End for Fed's Record Easing  Bloomberg
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EU moves to cut high Eurotunnel charges
It wants the Intergovernmental Commission (IGC), which regulates the tunnel on behalf of the United Kingdom and France, to instruct the company to bring the charges down.
Eurotunnel accused of overcharging train companies  BBC News
Eurotunnel fees are too high, rules Brussels  Financial Times
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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.
Indian-origin broker fined one million pounds in UK  India Today
UK watchdog fines property agent one million pounds  Reuters
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GM farming 'would save countryside and cost less': Minister's controversial claim
Britain should lead the way in producing genetically modified food because it would lower prices and free up the countryside, Owen Paterson will argue today.
UK government makes strongest statement yet in favour of GM food  Financial Times
Paterson to extol GM crops benefits  LoughboroughEcho.net
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Britain's banks are still a danger to the real economy
When the authorities intervene in banking, their aim is to protect the economy from the banks rather than the banks from the economy.
King Leaves Unfinished Business for Carney to Repair UK Banks  Bloomberg
Bank of England ratesetters remain split over QE at Sir Mervyn King's ...  Telegraph.co.uk
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Passenger satisfaction with trains plunges
A survey of 30,000 people by the watchdog group, Passenger Focus, showed the travelling public are increasingly frustrated by the lack of staff at stations, delays and squalid lavatories on trains.
Passenger Focus says rail companies are 'failing to deliver basic ...  Daily Mail
Delays and high prices leave rail passengers dissatisfied  The Guardian
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JD Sports expects big loss from outdoor shops
Although its Blacks Leisure and Millets chains saw an increase in like-for-like sales over recent months, that had been achieved at a "significant margin sacrifice", JD Sports said on Tuesday.
Mixed bag of results for JD Sports  The Independent
Blacks and Millets drag down JD Sports  Scotsman
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