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U.K. markets news

Britain Weighs Breakup of RBS
LONDON�The British government is considering breaking up Royal Bank of Scotland Group PLC, the country's Treasury chief said Wednesday, a potentially radical move that underscores policy makers' mounting frustration with their inability to arrest a ...
Lloyds privatisation is 'active', says George Osborne  Telegraph.co.uk
UPDATE 2-Britain to look at RBS split, start Lloyds sale soon  Reuters
New York Times   Related articles »  
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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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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Owen Paterson: UK must become global leader on GM crops
Environment minister Owen Paterson will on Thursday urge the UK to lead a European farming revolution using genetically modified crops, which he will say will reduce fertiliser and chemical use and improve efficiency.
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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EU moves to cut high Eurotunnel charges
It wants the Intergovernmental Commission (IGC), which regulates the tunnel on behalf of the United Kingdom and France, to instruct the company to bring the charges down.
Eurotunnel accused of overcharging train companies  BBC News
Eurotunnel fees are too high, rules Brussels  Financial Times
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FCA fines property agent record one million pounds
LONDON | Wed Jun 19, 2013 11:42am BST. LONDON (Reuters) - The Financial Conduct Authority (FCA) has fined a property agent nearly a million pounds for defrauding vulnerable people, the largest-ever fine for a sole trader in the consumer sector.
Indian sets dubious record in UK  Calcutta Telegraph
Record fine for home finance trader  Guernsey Press and Star (subscription)
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Britain's banks are still a danger to the real economy
When the authorities intervene in banking, their aim is to protect the economy from the banks rather than the banks from the economy.
Bank of England ratesetters remain split over QE at Sir Mervyn King's ...  Telegraph.co.uk
King Leaves Unfinished Business for Carney to Repair UK Banks  Bloomberg
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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.
Postmen threaten to boycott delivery of half your letters: Items handled by ...  Daily Mail
96 per cent of Royal Mail staff vote 'no' to privatisation  Telegraph.co.uk
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JD Sports expects big loss from outdoor shops
Although its Blacks Leisure and Millets chains saw an increase in like-for-like sales over recent months, that had been achieved at a "significant margin sacrifice", JD Sports said on Tuesday.
Mixed bag of results for JD Sports  The Independent
Blacks and Millets drag down JD Sports  Scotsman
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