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U.K. markets news

Senate subcommittee says Apple skipped $9billion in federal taxes in 2012
Apple has avoided paying billions in income tax by using dummy headquarters abroad, according to a damaging U.S. Senate report, but Ireland has today denied it is to blame.
Senate panel peels back Apple's offshore taxes  Reuters
Apple CEO Cook Rebuts $9 Billion Tax-Avoidance Claim  Bloomberg
Wall Street Journal   Related articles »  
Pound slides after inflation slowdown revealed
The pound fell against other major currencies after figures showed that the pace of UK inflation slowed more than expected in April.
UK inflation: sharp fall eases household squeeze  Telegraph.co.uk
ONS: House prices rise by 2.7% across UK in the last year  This is Money
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Dimon role spared amid investor backlash
Jamie Dimon has won a clear victory over shareholder activists looking to strip him of his chairmanship of JPMorgan Chase but investors used the bank's annual meeting to deliver a big protest vote against three of its directors.
JPMorgan Defeats Effort to Split Top 2 Jobs at Bank  New York Times
Jamie Dimon survives protest vote  Telegraph.co.uk
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Burberry China Sales Up 20%
LONDON�Burberry Group PLC showed further signs of recovery following a midyear profit warning, as it reported a rise in full-year revenue on Tuesday.
Burberry boosted by Asian retail growth  The Guardian
Burberry make bumper �430million profits with Cara Delevinge as their poster ...  Daily Mail
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Buckles bows out as G4S chief executive
Nick Buckles has quit unexpectedly from G4S after a difficult year that saw the chief executive survive calls for his departure after the mishandling of a high profile contract to provide security guards to the London 2012 Olympics.
Nick Buckles quits as boss of G4S  Telegraph.co.uk
Why Nick Buckles ran out of chances at G4S  The Guardian
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Vodafone Dials Up Reliance on Verizon Cash
Vodafone used to talk about big dividends from its stake in U.S. carrier Verizon Wireless as a luxury. Now, they are starting to look like more of a necessity.
Vodafone to reinvest �2.1bn Verizon dividend  Financial Times
Vodafone Forecasts Operating Profit Beating Estimates  Bloomberg
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Scotland says better off without Britain, but with the pound
By William James. LONDON | Tue May 21, 2013 5:46pm BST. LONDON (Reuters) - Ending Britain's 306-year rule would allow Scotland to reverse generations of economic mismanagement and free its lawmakers to boost economic growth, say Scottish ...
Scottish independence: Counting the economic 'goodies'  BBC News
Independent Scotland's economy has what it takes to thrive, says Salmond  The Guardian
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Capita rises on outsourcing of 3700 O2 call centre staff
The �1.2bn contract, first revealed by The Daily Telegraph and still subject to final negotiations, will see Capita take over the management of existing O2 call centres with 3,700 customer service jobs transferred.
CWU union claims O2 call centre workers 'betrayed'  BBC News
Capita upgrades organic growth forecast for 2013  Reuters
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Cement companies warned over lack of competition
Lack of competition in the UK cement industry has cost consumers millions of pounds, according to the Competition Commission. It said the big firms had focused on maintaining market share rather than competing with each other.
UPDATE 1-UK watchdog warns cement makers over lack of competition  Reuters
Competition Commission call for cement sell-offs call  Evening Standard
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BoI reverses mortgage tracker increase for 1200 customers
The Bank of Ireland (BoI) has reversed controversial increases of mortgage rates for some of the 13,500 affected borrowers following pressure from consumers and lawyers.
Bank of Ireland reverses mortgage rate increase for 1200 borrowers  The Guardian
BoI informs 1200 UK customers they won't face mortgage increase  Irish Examiner
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