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U.K. markets news

Market Report: Morrisons on shelf after shares sell-off
The supermarket chain Morrisons enjoyed a day in the sun last week after it unveiled a 25-year, �170m licensing deal with Ocado to help it launch food online next year.
Head of Waitrose Mark Price refuses to meet me, says Ocado chief Tim Steiner  Telegraph.co.uk
Morrisons shares slide as investment manager sells out  The Guardian
Herald Scotland   Related articles »  
Thursday Papers: IMF urges Osborne to spend on big projects
Financial Times: The International Monetary Fund has called on George Osborne to boost infrastructure spending urgently to help fuel Britain's economic recovery, but to the relief of the Treasury toned down its previous critique of the chancellor's fiscal ...
IMF pulls its punches on UK economic policy  Financial Times
Relief for Osborne at last as IMF spots signs of recovery and welcomes ...  Daily Mail
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FOREX-Dollar muscles up on Bernanke comments; Aussie under pressure
Wed May 22, 2013 11:39pm EDT. * Dollar index holds near three-year highs. * Greenback touches new 4-1/2-year high against yen. * Fed could step down bond-buying pace if economy improves.
US Treasuries, Asian Bonds Fall on Bets Fed to Taper Stimulus  Bloomberg
PRECIOUS-Gold slips after Bernanke hints at slowing bond purchases  Reuters UK
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�410million profits at the power giant fined for misleading customers
Profits at the energy giant SSE surged by 28 per cent on the back of a cold winter that left millions struggling to heat their homes.
SSE profits soar after price hikes and long winter � but tariffs to rise again  The Independent
SSE warns of more energy bill rises  Telegraph.co.uk
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Nationwide chief warns Help to Buy scheme could harm first time buyers
The boss of Britain's biggest building society says a government scheme could make it even harder for first-time buyers to bag a home.
Nationwide profits soar despite bad debts  The Independent
State-backed mortgages bolster Nationwide  Financial Times
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Japan govt: natural for JGB yields to rise as share prices gain
TOKYO | Wed May 22, 2013 10:37pm EDT. TOKYO May 23 (Reuters) - Japan's top government spokesman said on Thursday that it was natural for government bond yields to rise on the back of gains by Tokyo stocks and that he fully trusts the central bank's ...
Japan's BoJ holds policy as economy improves  Financial Times
Central Banking's Split Personality Can't Go On  Wall Street Journal
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Sterling slides as retail sales soften
As unsettled weather and rising food prices put off shoppers, retail sales volumes including fuel sank 1.3pc month-on-month, confounding economists' forecasts for flat sales.
UK retail sales slump as shoppers balk at higher prices and cold weather  The Guardian
Canada Retail Sales Weaker than Expected in March  Wall Street Journal
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Ministers approve plans for world's biggest wave farm in Western Isles
Full consent has been given for a 40MW farm off the north-west coast of Lewis - enough to power nearly 30,000 homes. Wave energy firm Aquamarine Power said it would begin installing its Oyster devices in the next few years, once grid infrastructure is put in ...
World's biggest wave energy farm off Lewis gets go-ahead  Herald Scotland
Irishman behind world's largest wave farm  Irish Times
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Cable & Wireless Communications to end era with relocation
Cable & Wireless Communications, the telecoms group that traces its history back to the early days of the British empire, is to leave the UK after more than 140 years and move its headquarters across the Atlantic.
Cable & Wireless Communications revenues down on Caribbean tourism slump  Telegraph.co.uk
CWC will move base out of UK after disposals  CITY A.M.
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Analysis: Marine energy hampered by costs
THE renewables industry often talks about Scotland's marine energy sector as �world-leading� and it is announcements like this from Aquamarine Power that help prove the point.
Scotland warned independence could cost billions in renewable subsidies  The Guardian
UK Warns Scotland That Independence Would Bring Renewables Uncertainty  Wall Street Journal
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