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U.K. markets news

Relief for Osborne at last as IMF spots signs of recovery and welcomes ...
George Osborne yesterday won backing from the International Monetary Fund, as it welcomed improvements in the economy. It will come as a relief to the Chancellor who was last month heavily criticised by the watchdog's chief economist for sticking to his ...
Leaders: George Osborne's Plan B | Poor healthcare  Scotsman
IMF pulls its punches on UK economic policy  Financial Times
The Independent   Related articles »  
Fed Endorses Stimulus, but the Message Is Garbled
WASHINGTON - Despite signs of improvement in the job market, the chairman of the Federal Reserve, Ben S. Bernanke, and most other Fed officials signaled Wednesday that they remained cautious about easing back too quickly on their efforts to stimulate ...
Bernanke says bond buying could slow  Financial Times
Bernanke Says Premature Tightening Would Endanger Recovery  Bloomberg
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First-time buyers lift Nationwide
Nationwide has grabbed a record share of the mortgage market after seeing a big rise in the number of first-time buyers joining the property ladder.
State-backed mortgages bolster Nationwide  Financial Times
Nationwide results scarred by commercial property  The Guardian
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Cable & Wireless Communications to end era with relocation
Cable & Wireless Communications, the telecoms group that traces its history back to the early days of the British empire, is to leave the UK after more than 140 years and move its headquarters across the Atlantic.
Cable & Wireless Communications revenues down on Caribbean tourism slump  Telegraph.co.uk
Telecoms company Cable & Wireless to quit UK after 140 years  The Guardian
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Fiat Industrial to move tax home to UK
The move is the latest blow to Italy where the new coalition government of Enrico Letta is seeking to staunch an outflow of investment amid a recession of nearly two years.
Fiat Industrial says 500 million euro tax loss reports false  Reuters
Italy to Press Fiat Chief Over His Commitment to Country  Bloomberg
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Irishman behind world's largest wave farm
A company headed by an Irishman and using wind energy technology first designed in Queen's University Belfast has been granted planning permission by the Scottish government for the world's largest commercial wave farm.
Ministers approve plans for world's biggest wave farm in Western Isles  BBC News
World's largest wave power scheme given go-ahead  Scotsman
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SSE customers face bigger bills despite profit surge of nearly 28%
An energy company has told customers they will have to find another �80 a year for energy - despite a surge in their profits of nearly 28%.
SSE warns of more energy bill rises  Telegraph.co.uk
SSE warns consumers of further energy price increases  Financial Times
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Sterling is pounded as a fall in sales shows green shoots are still fragile
The pound slammed into reverse on Wednesday as a sharp fall in high street sales dented hopes Britain is on the road to a steady recovery.
Sterling slides as retail sales soften  Telegraph.co.uk
UK retail sales slump as shoppers balk at higher prices and cold weather  The Guardian
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Blue flag beaches down in Britain
There were 55 beaches deemed to have a water quality good enough to be given a flag this year, compared to 79 last year. For 2013, beaches had to meet a new �excellent� standard imposed by the EU under the EU Bathing Waters Directive.
Number of beaches with Blue Flag status drops  Irish Times
Four Teignbridge beaches win awards  Newtonabbot People
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Britvic to slash 15% of workforce
Britvic is to cut up to 400 jobs - 15 per cent of its workforce - as part of efforts to bolster its fortunes as a standalone company should competition authorities squash its proposed tie-up with Scottish peer AG Barr.
Britvic to close two factories as it presses on from failed AG Barr deal  Telegraph.co.uk
Britvic to shed up to 400 jobs as new boss announces major restructuring  This is Money
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