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U.K. markets news

Tell Sid: Public will be offered shares in Lloyds Bank, says George Osborne
The prospect of an eventual �tell Sid�-style sale of shares in Lloyds Bank was raised by George Osborne as he claimed Britain's economy had emerged from �intensive care�.
Britain Weighs Breakup of RBS  Wall Street Journal
Lloyds privatisation is 'active', says George Osborne  Telegraph.co.uk
Reuters   Related articles »  
UK banks need to plug �27bn capital hole, says PRA
UK banks need to raise billions more in capital to cover their risks, according to the financial regulator. The Prudential Regulation Authority (PRA) says Britain's top banks and building societies need to fill a �27.1bn hole in their balance sheets.
UK watchdog details bank capital shortfalls  Reuters
UK authority extends scrutiny of hedge funds  Financial Times
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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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Equity sell-off accelerates after Fed comments
Thursday 06.30 BST. European stocks look set to join the heavy sell-off seen across Asia, which started in the US overnight in response to the Federal Reserve's confirmation that it expects to start easing its asset purchases later this year.
FOREX-Dollar stands tall as Fed prepares ground to trim stimulus  Reuters
Asian markets react to Fed comments  BBC News
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China's Wanda aims to launch $1 billion NY hotel project this year: chairman
BEIJING | Wed Jun 19, 2013 6:56am EDT. BEIJING (Reuters) - Wanda Group, China's largest commercial real estate developer, aims to invest about $1 billion to build a five-star hotel in New York as its third major investment outside its home market, ...
China Billionaire Invests $1.6 Billion in London Land, Boats  Bloomberg
China's Wanda buys Sunseeker Yachts and invests in London skyscrapers in ...  Telegraph.co.uk
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More GM crops means more nature reserves, says Owen Paterson
The Environment secretary will say that using GM will make use of farm land and �free up space for biodiversity, nature and wilderness�.
UK government makes strongest statement yet in favour of GM food  Financial Times
GM farming 'would save countryside and cost less': Minister's ...  Daily Mail
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Indian-origin broker fined one million pounds in UK
In the biggest-ever penalty on an individual trader, the UK financial sector regulator Financial Conduct Authority (FCA) on Wednesday imposed a fine of nearly 1 million pounds on an Indian-origin realty broker for fraudulent sale and renting of homes.
Record fine for home finance trader  Guernsey Press and Star (subscription)
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Sir Mervyn King made life peer
Sir Mervyn King, the outgoing governor of the Bank of England who has spent more than two decades at Threadneedle Street, is to be made a life peer.
Britain's banks are still a danger to the real economy  Financial Times
Bank of England ratesetters remain split over QE at Sir Mervyn King's ...  Telegraph.co.uk
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Passenger satisfaction with trains plunges
A survey of 30,000 people by the watchdog group, Passenger Focus, showed the travelling public are increasingly frustrated by the lack of staff at stations, delays and squalid lavatories on trains.
Passenger Focus says rail companies are 'failing to deliver basic ...  Daily Mail
Delays and high prices leave rail passengers dissatisfied  The Guardian
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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.
96 per cent of Royal Mail staff vote 'no' to privatisation  Telegraph.co.uk
UPDATE 1-Workers at Britain's Royal Mail vote against sell-off  Reuters
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