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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 ...
Thursday Papers: Osborne weighs RBS 'bad bank'  Citywire.co.uk
George Osborne: economy is 'out of intensive care'  Telegraph.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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McIlroy profits from sale of yacht builder
Irish investors including golfer Rory McIlroy are set for a payday after Chinese conglomerate Dalian Wanda Group confirmed it will pay �320m (�374m) for yacht builder Sunseeker.
China's Wanda aims to launch $1 billion NY hotel project this year: chairman  Reuters
China Billionaire Invests $1.6 Billion in London Land, Boats  Bloomberg
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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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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.
Paterson to extol GM crops benefits  LoughboroughEcho.net
UK public must be persuaded on GM, says environment secretary  BBC News
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UK watchdog fines property agent one million pounds
LONDON, June 19 | Wed Jun 19, 2013 6:03am EDT. LONDON, June 19 (Reuters) - Britain's Financial Conduct Authority has fined a property trader nearly a million pounds for major failings, the largest fine ever for a sole trader in the consumer sector.
Indian sets dubious record in UK  Calcutta Telegraph
Record fine for home finance trader  Guernsey Press and Star (subscription)
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King Leaves Unfinished Business for Carney to Repair UK Banks
Bank of England Governor Mervyn King said his successor and the U.K. banking industry have �unfinished business� to do in reforming the financial system and reviving the U.K.
King praises radical plan for state-owned lenders  Financial Times
Bank of England ratesetters remain split over QE at Sir Mervyn King's ...  Telegraph.co.uk
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Passenger Focus says rail companies are 'failing to deliver basic promises'
Passenger satisfaction with Britain's crowded, late-running and over-priced railway network has plummeted to the lowest level in six years, a damning new survey by official watchdogs reveals today.
Passengers unhappy at rail service  Daily Echo
Rail passengers think train companies failing to provide value for money  Mirror.co.uk
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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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Royal Mail seeks injunction against workers' delivery boycott
Royal Mail has begun a court battle with the Communication Workers Union after thousands of postal workers voted to boycott deliveries of rivals' mail and to oppose privatisation.
Postmen threaten to boycott delivery of half your letters: Items handled by ...  Daily Mail
UPDATE 1-Workers at Britain's Royal Mail vote against sell-off  Reuters
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