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U.K. markets news

FTSE battered by Chinese data, US stimulus concerns
By Toni Vorobyova. LONDON | Thu May 23, 2013 7:22am EDT. LONDON (Reuters) - Britain's top shares slid from 13-year peaks on Thursday, battered by weak Chinese economic data and signs the U.S.
Wall St. to drop at open on stimulus plan worry, China data  Reuters India
Ben Bernanke says bond buying could slow  Financial Times
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Flybe boss hits out at 'punitive' charges as airline quits Gatwick
The boss of Flybe has hit out at "punitive" charges and taxes that have pushed the troubled regional airline to end flights in and out of London from next March.
Flybe pull-out 'devastating' news for Cornwall  BBC News
EasyJet to buy Gatwick slots from Flybe  Financial Times
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Nikkei plunge sparks retreat from risky assets
Thursday 14.30 BST. Global stocks are in sharp retreat, led by a savage plunge in Tokyo, as traders are spooked by the prospect of reduced central bank support and a slowing Chinese economy.
European stock markets slide after Nikkei plunges 7% - live  The Guardian
GLOBAL MARKETS-World shares slump on US stimulus, growth fears  Reuters
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Store closures help Mothercare trim losses
Cutting the number of its high street stores helped Mothercare narrow losses in its UK division as the retailer attempted to yank its struggling home market into profitability by 2015.
Mothercare reports another big loss  BBC News
Mothercare sticks with UK store closure plan as it racks up �21.7million loss  This is Money
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UK Households Not Loosening Purse Strings
LONDON�Weak wage growth, rising prices and economic uncertainty are keeping U.K. consumers from spending their cash, according to data released Thursday, raising concerns about the prospects for retailers and the wider economy this year.
concerns about underlying economy as 0.3pc growth confirmed  Telegraph.co.uk
Signs of weakness mar UK economic growth  Reuters UK
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FCA fines JPMorgan �3m over failings in wealth arm
The new regulator said the unit was unable to show it was giving clients the right advice. "Although no detriment to customers has been identified to date, the failings exposed customers to the risk that they would be given incorrect advice and inappropriate ...
JP Morgan fined �3m for advice failings  BBC News
FCA fines JPMorgan �3.1m over client details  Financial Times
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Climate committee urges UK commitment to green power until 2030
The benefits of UK investment in renewable power that will add �100 a year to household energy bills are in jeopardy and should be bolstered with an approach that would add a further �20, the government's climate watchdog has said.
UK Warned Against Wager on Gas, Urged to Invest in Renewables  Wall Street Journal
Switch to low-carbon future would save households �1600  The Independent
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Halfords slashes dividend to fund 3-year investment plan
By Neil Maidment. LONDON | Thu May 23, 2013 7:19am EDT. LONDON (Reuters) - Cycles-to-car-parts retailer Halfords (HFD.L) has cut its dividend by a third to help fund a multi-million pound investment program, warning this would keep earnings below last ...
Halfords Drops Most Ever on Surprise Dividend Cut: London Mover  Bloomberg
Halfords shares fall after big drop in profits  BBC News
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SABMiller sees margin growth after Latam, Africa surges
By Philip Blenkinsop. BRUSSELS | Thu May 23, 2013 11:22am BST. BRUSSELS (Reuters) - SABMiller (SAB.L), the world's second-biggest brewer, forecast margin expansion in the year ahead after profit grew in line with expectations thanks to a surge in ...
Africa 'star performer' for SAB Miller  BBC News
SABMiller Prioritizes Costs, But Profit Falls  Wall Street Journal
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No Bonus for Tesco Bosses Until Profit Improves
Tesco executives will have to reverse falling profits to have a chance of a bonus next year as the struggling retailer, which published its annual report Thursday, changed its performance targets to reflect its recent strategic overhaul.
Tesco checkout staff see bonus pot halved as profits slump  The Independent
BT chief gets �9.1m but Tesco boss misses bonus  Evening Standard
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