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U.K. markets news

Co-operative Bank ceases lending to new business customers
The Co-operative Bank has closed its doors to new corporate customers as it tries to repair its balance sheet after its bonds were downgraded to �junk� status.
Co-op halts new business lending  Money Marketing
Co-op Bank stops lending to new corporate clients  Reuters UK
Business7   Related articles »  
UK 'was 6 hours away from lights being switched off' as gas supplies ran ...
Fears over the UK's continuing energy security were fuelled today after a report claimed Britain came dangerously close in March to its gas supply running out and its lights being switched off.
Britain 'came close to running out of gas'  Telegraph.co.uk
Report fuels imported energy fears  Evening Standard
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FTSE 100 on a downer ahead of bank holiday
The UK's blue chips could not stop the rot on Friday as the Footsie kept tumbling ahead of a three-day break from trading in London.
FTSE LIVE: Footsie down again after free-fall Thursday; UBS upgrades banking ...  This is Money
FTSE steadies after worst day in a year  Reuters UK
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Early Look at US Manufacturing Indicates Moderate Expansion
U.S. factory sector appears to be slowing slightly, according to an early reading of May activity released Thursday. The flash purchasing managers' index compiled by data provider Markit fell to 51.9 in May from a final April reading of 52.1.
China may require new stimulus  The Australian
Manufacturing contraction dampens hopes for swift recovery  Xinhua
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DIARY - Major Central Bank Meetings for 2013
Fri May 24, 2013 7:05am EDT. For other related diaries, please see; DIARY - U.S. Federal Reserve DIARY - Polling Unit Diary DIARY - Key World Financial Events DIARY - Political and General news DIARY - Index of all Diaries DIARY - G7 Economic ...
Fisher: UK economy still going through collective rebalancing  MyFinances.co.uk
Bank of England's Fisher says no to US-style stimulus  ShareCast
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UK Programs to Boost Credit Have Little Impact
A number of U.K. government programs intended to boost bank lending to small firms and home-buyers have yet to have a major impact, data released on Friday shows, and this failure is likely to hinder efforts to generate a sustained pickup in economic ...
UK mortgage borrowing remains steady, BBA figures show  ShareCast
UK mortgage approvals climb but many households still prioritise saving  Telegraph.co.uk
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ECB Says Central Banks Pushed Up Target2 Transactions
The European Central Bank said the value of payments processed through the Target2 payment system rose last year, partly due to increased activity by central banks.
Banks to repay 8.1 bln euros of ECB crisis loans  Reuters
Europe needs a more European UK, says ECB president  The Guardian
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3i makes bid for Barclays unit as chief commits to boost growth
British private equity investor 3i Group has made an offer to buy Barclays' European infrastructure fund management unit, as it seeks to boost assets under management.
UPDATE 1-3i grows infrastructure arm with Barclays fund purchase  Reuters
3i to buy Barclays' �780m infrastructure fund arm  Citywire.co.uk
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Tesco boss gets no bonus, but departing directors pocket �3m
By Michael Northcott Friday, 24 May 2013. The UK's largest retailer has written a cheque for a massive �3m to just two outgoing directors, even though the management team all missed out on their bonus.
Two Tesco execs receive three million pounds in damages  ShareCast
Tesco paid �3m to two outgoing directors  Financial Times
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Galloper wind farm gets go-ahead, says SSE
StockMarketWire.com - Galloper offshore wind farm - a 50:50 joint venture between SSE and RWE npower renewables - has received development consent from the Department for Energy and Climate Change secretary Edward Davey.
Sizewell: Government gives green light to 140 turbine Galloper wind farm off ...  Coastal Scene
New wind farm could bring �20m investment to Suffolk  ITV News
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