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U.K. markets news

Apple chief's gamble pays off as criticism remains muted
Tim Cook's bid for the moral high ground in Washington on Tuesday proved surprisingly successful, as the Apple chief executive faced down a hostile US Senate committee over the way the maker of iPhones and iPads avoids paying billions of dollars in taxes ...
Apple CEO Tim Cook, Lawmakers Square Off Over Taxes  Wall Street Journal
The Irish loophole behind Apple's low tax bill  Reuters UK
The Guardian   Related articles »  
RBS and Lloyds stakes should be sold, says IMF
Britain will be advised to sell off the state's holdings in the Royal Bank of Scotland and Lloyds Bank by the International Monetary Fund (IMF) in a move that will embolden George Osborne as he attempts to justify his economic strategy.
RBS to cut 1400 jobs over two years  Mortgage Strategy
Could RBS stay in an independent Scotland?  BBC News
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Marks & Spencer hits an 8-year low after clothes sales slide
Falling clothes sales at Marks & Spencer have dragged down the retail giant's annual profits to an eight-year low, as it said the executive behind the �Your M&S� branding is to step down.
M&S profits drop 14% on weak clothing sales  Financial Times
M&S gives up on building new stores: Retailer will stop construction in ...  Daily Mail
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Inflation registers surprise April fall
The annual rate of inflation eased to 2.4 per cent last month, thanks to falls in petrol prices and air fares, the Office for National Statistics reported yesterday.
Mark Carney may benefit from easing of inflation  Scotsman
Mark Carney warns Europe against lost decade of austerity  The Guardian
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Fiat Industrial to move tax home to UK
Fiat Industrial aims to move its tax residency to the UK from Italy after a merger with US business CNH to take advantage of a lighter fiscal regime, according to a regulatory filing.
Fiat Industrial plans UK HQ for tax reasons  MarketWatch
Fiat Industrial seeks UK tax move  The Guardian
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Royal Mail expected to announce �400m profits
Royal Mail is expected to unveil a huge jump in annual profits this week as it clears the way for a �3billion stock market flotation later this year.
Royal Mail unveils jump in profits as parcels deliver  Liverpool Echo
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Paragon profits from changes in banking sector
Paragon Group continued to prosper by snapping up unwanted loan portfolios from big banks and the boom in buy-to-let loans as the specialist lender reported a rise in half-year pre-tax profits.
Paragon seeks banking licence  The Independent
Paragon plans return to banking business  Telegraph.co.uk
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Miliband says Google tax behaviour "wrong"
By Andrew Osborn. LONDON | Wed May 22, 2013 12:30am BST. LONDON (Reuters) - Google Inc's tax affairs will come under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accuses the Internet company of wrongly ...
Miliband to make tax jibe at Google just days after Cameron failed to do so ...  Daily Mail
Miliband to Tell Google to Change Culture on U.K. Tax  Bloomberg
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Strong Lobbying Helps Dimon Thwart a Shareholder Challenge
Jamie Dimon, the chief executive and chairman of JPMorgan Chase. Haraz N. Ghanbari/Associated PressJamie Dimon, the chief executive and chairman of JPMorgan Chase.
Dimon clings to JPMorgan chairman title, after fight  Reuters UK
Dimon Wins as JPM Shareholders Reject CEO-Chairman Split  Businessweek
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One in seven to retire without a pension
These pensioners will have to survive on just �170 a week - compared with an average weekly income of �322 should they have saved into a private pension.
One in seven to rely on state pension  ifaonline.co.uk
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