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U.K. markets news

Sir Stuart Rose �1.5m richer in Ocado deal with Morrisons
Ocado chairman Sir Stuart Rose - the former chief executive of Marks & Spencer - has seen his wealth jump by �1.5million after the delivery group's deal with Morrisons.
Are Waitrose and Ocado heading for a divorce?  Telegraph.co.uk
Ocado signs online deliveries deal with Morrisons - and faces threat of ...  The Independent
The Guardian   Related articles »  
Sir Mervyn King attacks Osborne plan to boost housing market
He warned that there "was no place in the long run" for George Osborne's Help to Buy scheme, which will guarantee up to 15 per cent of mortgages on properties worth up to �600,000 from next January.
BOE's King Says More Must Be Done to Spur Britain's Recovery  Bloomberg
Sir Mervyn King concern over Help to Buy mortgage scheme  BBC News
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City bankers plan to dodge new EU crackdown on bonuses
An EU crackdown on bankers' bonuses in the City of London will just lead to a surge in basic salaries and other initiatives to circumvent regulations, experts warned on Saturday.
Bonus cap to catch tens of thousands more bankers in Europe  Financial Times
EU bonus cap could hit 10 times as many London bankers: PwC  Reuters
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Health alert as hospital charity offers small investors 6% bond
Nuffield Health, the charity that runs gyms and private hospitals, is the second organisation within a fortnight to offer small investors a high-paying bond.
Nuffield retail bond launches at 6% � but does it have a clean bill of health?  The Guardian
Jockey Club lengthens retail bond race  Financial Times
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Market Report: ENRC founders get bid breathing space
The founders of troubled Kazakh miner ENRC have been given more time to come up with a better bid, but the City isn't convinced a better offer will be made.
ENRC Seeks Revised Offer From Consortium  Wall Street Journal
ENRC Founders Said to Detail Offer Below 300 Pence in Bid Letter  Bloomberg
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HS2 rail benefits to economy 'unclear', says National Audit Office
The economic benefits of the HS2 high-speed rail project are unclear, the National Audit Office (NAO) has warned. In a report, the NAO said it had "reservations" about how the planned high-speed rail link would deliver growth and jobs.
Watchdog rejects strategic case for building HS2 link  Financial Times
Patrick McLoughlin defends High Speed Rail 2 as 'right for Britain'  Telegraph.co.uk
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Green energy 'folly will put �600 on bills': Annual charges to hit living standards ...
Britain's green energy 'folly' will cost every family an extra �600 a year by 2020, a report warned last night. The cost to consumers of green energy subsidies will exceed �16billion a year within seven years, according to a leading industry analyst.
Families to pay �600 a year towards green energy by 2020, says think-tank study  Telegraph.co.uk
Switching supplier isn't enough - we need to talk about energy consumption  The Guardian (blog)
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City veteran Sir John Bond voted off board of Glencore Xstrata
One of the most dramatic shareholder revolts in recent years was staged on Thursday when City veteran Sir John Bond was ousted from the board of Glencore Xstrata and replaced as chairman by Tony Hayward, the former BP boss whose reputation hit rock ...
Glencore Xstrata Appoints Hayward as Interim Chairman  Wall Street Journal
Ex-BP chief Tony Hayward to chair Glencore Xstrata after shareholder revolt  Telegraph.co.uk
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Citizens Advice calls for ban on cold calling after Ofcom study - MyFinances.co.uk
Ofcom has launched a consultation on price increases part-way through a contract. The telecoms regulator Ofcom has launched a consultation on whether telecom, broadband and mobile firms should be allowed to raise prices part-way through a contract.
Citizens Advice urges cold calling ban after Ofcom study  The Guardian
How to stop nuisance calls and junk mail  Telegraph.co.uk
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Amazon UK paid �2.4m tax last year, despite �4bn sales
Amazon's UK subsidiary paid �2.4m in corporate taxes last year, the online retailer's accounts show, despite making sales of �4.3bn.
Amazon received more money from UK grants than it paid in corporation tax  Telegraph.co.uk
Condemnation after Amazon's corporation tax bill is less than it gets in ...  The Independent
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