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U.K. markets news

Senate panel peels back Apple's offshore taxes
By Patrick Temple-West. WASHINGTON | Tue May 21, 2013 12:57pm EDT. WASHINGTON (Reuters) - Apple Inc's chief executive officer defended the company's tax record at a Tuesday Senate hearing where lawmakers said the maker of iPads, iPods and ...
Apple confirms 2% tax rate for two Irish subsidiaries  RTE.ie
Apple CEO Cook Rebuts $9 Billion Tax-Avoidance Claim  Bloomberg
Wall Street Journal   Related articles »  
Inflation falls after drop in petrol prices and airfares
Falling petrol prices pushed down UK inflation more than expected last month, giving the Bank of England's incoming governor Mark Carney more room to step in and shore up the economy should the recovery falter.
Pound slides after inflation slowdown revealed  Financial Times
UK inflation: sharp fall eases household squeeze  Telegraph.co.uk
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Dimon victory in spite of 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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Buckles bows out as G4S chief executive
Nick Buckles, the chief executive of G4S, bowed out on Tuesday after a turbulent reign that encompassed a humiliating Olympics shambles, an embarrassing aborted takeover attempt and a profit warning that left investors concerned over the future of the ...
G4S finally buckles and shows its chief executive to the door  The Times (subscription)
Nick Buckles quits as boss of G4S  Telegraph.co.uk
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Burberry Earnings: 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
Strong demand in China helps boost Burberry sales to �2bn  Financial Times
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Vodafone to retain �2.1bn Verizon dividend
Vodafone is to plough back a �2.1bn dividend from US telecoms group Verizon into its business rather than offer shareholders a windfall, after the UK mobile operator reported its biggest annual fall in service revenues in five years.
Vodafone delays 4G superfast mobile internet launch until September  The Guardian
Vodafone Forecasts Operating Profit Beating Estimates  Bloomberg
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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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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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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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Could RBS stay in an independent Scotland?
Could RBS stay in an independent Scotland? HBOS headquarters in Edinburgh If Scotland became independent, would and could Royal Bank of Scotland and Bank of Scotland, owned by Lloyds, keep their homes there?
Royal Bank of Scotland leads the way as FTSE 100 hits highest level since ...  The Guardian
UK Business Minister: RBS, Lloyds Too Risk-Averse on Loans to Firms  Wall Street Journal
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