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U.K. markets news

Greece Asks ECB to Keep Banks Afloat as Debt Deal Sought
(Bloomberg) -- Greek Prime Minister Alexis Tsipras began the hunt for allies against German demands for austerity as his week-old government appealed to the European Central Bank not to shut off the money tap.
Greece wants time for new deal, 'cold turkey' on debt  Reuters
Debt-addicted Greece must go cold turkey, says finance minister
Daily Mail  
Genel to part with founding CFO
Genel, the energy group led by former BP chief Tony Hayward, is set to part ways with one of its founders at time when falling oil prices are hitting companies in the sector.
Genel Energy to replace CFO Metherell with former JP Morgan banker - Sky News  Yahoo News UK
Ex-BP Boss Hayward Lures Monaghan To Genel  Sky News
Sovereign wealth funds to back �10bn O2 tie-up
Several of the world's wealthiest state-backed funds are in talks to provide financial backing for O2's industry-changing �10bn tie-up with rival UK mobile operator Three.
Sovereign wealth funds interested in buying a stake in the merged O2 and Three  Market Business News
Sovereign Funds Dial Up �3bn O2 Mobile Stake  KL.FM 96.7
BP and BG group set to slash spending and cut jobs
FTSE 100-listed oil and gas giants BP and BG Group are set to announce a $21bn (�13.9bn) reduction in capital spending plans and swingeing job cuts in order to protect dividend payments as the tumbling oil price sees profits more than halve.
BP to follow Shell in cutting spending  HITC
BP set to slash costs as profits hit by oil price plunge
Taoiseach seeking guarantees over Aer Lingus
Taoiseach Enda Kenny has said that the Government has not yet seen any details of the proposed take-over bid of Aer Lingus by IAG, the British Airways parent group.
Kenny wants 'permanent cast-iron guarantee' on Aer Lingus connectivity  Irish Times
Irish PM wants 'cast iron' guarantees on Aer Lingus sale  Interactive Investor
Oil price storm casts dark shadow over future of North Sea industry
The bar is empty but for four oil men ordering a round. The Albyn is a favourite haunt among industry bosses, conveniently placed at the foot of a row of grand columned granite offices boasting a who's who of the UK's energy and financial services sector.
Call for oil industry tax cuts  Andover Advertiser
Explaining The Fall In Britain's Real Wages, It's Not Just The Recession
As I've already referred to the Institute for Fiscal Studies released a report on the changes in British incomes over the past few years.
Recession Strikes UK, Wages Lack For Men Than Women in all Countries
Young workers hit hardest by wages slump of post-crash Britain  The Guardian
Time limit plan to draw a line under PPI claims
The financial regulator may call time on compensation claims for payment protection insurance mis-selling, concluding one of the banking industry's biggest scandals.
FCA to gather evidence on PPI complaints  Compliancy Services
UK banks hail chance of payment protection insurance time limit  Financial Times
Consumer credit picking up, but remains well below unsustainable pre-crisis levels
Data released this week by the Bank of England showed that consumer credit increased by �0.6 billion in December. This compares to �1.2 billion in November and a �1 billion average over the past six months.
Bank of England stats show mortgage market steady  FT Adviser
UK mortgage approvals pick up in December, consumer credit slows  Reuters UK
Afren Takeover: Seplat Given 2-Week Ultimatum by UK Panel
Nigeria's Seplat Petroleum Development Co has been given a two-week deadline by the UK Takeover Panel to make a firm offer for Afren Plc or walk away, according to Nairametrics.
Afren gets a months grace for $65 mln in debt payments  Daily Mail