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U.K. markets news

IMF studies changes to bond restructurings
The International Monetary Fund is studying changes to how it handles sovereign debt restructurings after a turbulent period that has rattled the balance of power between governments and their creditors.
IMF calls for new growth measures to help UK economy and ease austerity - as ...  The Guardian
Time for Plan B? IMF tells George Osborne to ease pace of spending cuts  The Independent
New York Times   Related articles »  
Bernanke says bond buying could slow
Ben Bernanke said the US Federal Reserve could start slowing the pace of its asset purchases �in the next few meetings�, but only if the labour market showed sustained improvement.
Bernanke: Bond Buys Could Slow at 'Next Few Meetings'  Wall Street Journal
Bernanke Says Premature Fed Tightening Would Endanger Recovery  Bloomberg
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State-backed mortgages bolster Nationwide
Nationwide has increased its share of the British mortgage market to a record level, helped by government-funded programmes to support housebuyers, such as the Bank of England's Funding for Lending Scheme.
Nationwide results scarred by commercial property  The Guardian
Nationwide: we're not the Co-op (but we lost a bundle on commercial ...  Citywire.co.uk
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The battle over bank capital ends
For the last seven months, a battle has raged over how much capital Britain's largest banks need to hold. The first shot was fired in November by the Bank of England's Financial Policy Committee (FPC), which asked Britain's then banking regulator, the ...
Osborne prepares ground for RBS and Lloyds sell-off  The Guardian
State-backed banks gain approval for capital plans  Reuters UK
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Cameron hails tax 'turning point' after Google criticisms
David Cameron has called a Europe-wide agreement on tackling tax avoidance as a "turning point", after Google's boss urged politicians to "sort" the system.
Missed chance: Labour leader Ed Miliband used a speech at a Google event to ...  Daily Mail
Miliband says Google tax behaviour 'wrong'  Reuters UK
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Cable & Wireless posts annual profit � Quick Facts
Cable & Wireless Communications Plc. (CWC.L) Wednesday reported a pre-tax profit compared to a loss last year, amid lower items.
C&WC Reports Profit Growth  Light Reading
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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.
AG Barr 'positive' despite Britvic jobs axe  Scotsman
Britvic to close two factories as it presses on from failed AG Barr deal  Telegraph.co.uk
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London property companies get West End boost
The soaring price of property in London's West End has boosted results from real estate groups Great Portland Estates and Shaftesbury, which both own prime buildings across the UK capital.
Great Portland and Shaftesbury ride rising West End wave  Financial Times
Double-digit growth at Great Portland  Investors Chronicle
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Retail sales dip in April due to cold weather and Easter timing
The timing of Easter and the freezing weather seen at the start of the month caused retail sales to fall by 2.2 per cent on an annual basis.
UPDATE 2-Canada retail sales flat but higher volumes spur optimism  Reuters
Canada Retail Sales Stall as Autos Gain and Fuel Drops  Bloomberg
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Scotland warned independence could cost billions in renewable subsidies
Ed Davey, the UK energy secretary, has warned that Scotland could lose billions of pounds in subsidies for renewable energy projects if it voted for independence, putting its green energy revolution at risk.
UK Warns Scotland That Independence Would Bring Renewables Uncertainty  Wall Street Journal
Scotland Focuses Marine Energy Fund on Wave Power to Spur Plants  Bloomberg
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