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U.K. markets news

Comment: Need to do more than beat drum for exports
EVER since the onset of recession, we've heard near constant clamour for the need to �rebalance� the economy towards trade rather than consumption.
IMF pulls its punches on UK economic policy  Financial Times
Time for Plan B? IMF tells George Osborne to ease pace of spending cuts  The Independent
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Bernanke says bond buying could slow
The US Federal Reserve heralded the beginning of the end for its third round of quantitative easing as Ben Bernanke said it could slow the $85bn-a-month pace of asset purchases �in the next few meetings� if the labour market is strong.
Bernanke Says Premature Tightening Would Endanger Recovery  Bloomberg
Fed Endorses Stimulus, but the Message Is Garbled  New York Times
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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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UK Urged to Boost Clean Energy as $150 Billion of Savings Seen
Britain, under pressure to build new power stations, could save as much as 100 billion pounds ($150 billion) through 2050 by spending on wind, nuclear and carbon capture rather than gas, the government's climate adviser said.
Green energy could save Britain up to �100 billion, says Government climate ...  Telegraph.co.uk
Switch to low-carbon future would save households �1600  The Independent
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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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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 energy development gets go-ahead  The Times (subscription)
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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 awards given to 55 beaches in England
More than 50 English beaches have met tough new EU standards to receive Blue Flag awards, recognising their high standards and water quality.
Blue flag beaches down in Britain  Telegraph.co.uk
Number of beaches with Blue Flag status drops  Irish Times
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Britvic to shed up to 400 jobs as new boss announces major restructuring
The new boss charged with turning around Britvic has wasted no time wielding the axe at the drinks maker. Simon Litherland, who took over from predecessor Paul Moody 12 weeks ago, announced plans to shut two factories, a warehouse, ditch some of its ...
Britvic to slash 15% of workforce  Financial Times
Britvic to close two factories as it presses on from failed AG Barr deal  Telegraph.co.uk
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