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U.K. markets news

BoE's next move is to increase rates, not cut them, says Mark Carney
Bank of England Governor Mark Carney said on Friday that the UK central bank's next move is going to be an increase in rates, dismissing claims that there will be a cut, even though there is record low inflation.
UPDATE 2-Carney says BoE rates likely to rise, contrasts with Haldane  Reuters
BoE likely to raise rates says Carney  Gulf Daily News
This is Money  
Sports Direct could face tribunals over job losses in "dodgy" USC collapse
Sports Direct is facing yet more fallout from its handling of its fashion chain USC's collapse, after it was alleged that it ignored attempts to consult with staff who were made redundant as it entered administration.
Tribunal threat to Sports Direct over 'dodgy' USC redundancies  The Independent
Sports Direct share price falls as group may face tribunals over USC ...  iNVEZZ (blog)
Co-operative Bank to close 57 branches this year
LONDON: Britain's Co-operative Bank will close 57 more branches this year and more in the future under a turnaround plan that saw it cut 15 per cent of its staff last year and make a loss of �264 million ($392m).
Co-op Bank signals long road back as losses shrink  Scotsman (blog)
Co-operative Bank announces another wave of job cuts with more branches to ...  mirror.co.uk
Greece submits list of reform proposals
Greece submitted a long-awaited list of structural reforms to its creditors yesterday as its leftist-led government warned it would stop meeting debt obligations if negotiations failed and aid was not forthcoming.
Fitch Downgrades Greece Amid Bailout Uncertainty  ABC News
New Greece reforms list submitted  Gulf Daily News
MPs in new expenses row over London homes
Almost 50 MPs were accused last night of claiming hundreds of thousands of pounds in expenses for renting and using hotels in London despite owning properties in the capital.
Dozens of MPs rent out their London homes - while claiming more than �1.3 ...  Daily Mail
MPs running up expenses in London despite owning properties in capital  Herald Scotland
Gold snaps seven-day rally ahead of Yellen speech
Yellen will speak in San Francisco on monetary policy in a speech scheduled for 1945 GMT and traders will be listening for clues on when the Fed may begin tightening monetary policy.
US Fed chief Janet Yellen signals gradual interest rate hikes starting 2015  Business Today
Dollar's 9th month of gains signals faith in Fed remains intact  THE BUSINESS TIMES
Rolls-Royce to cut 200 jobs at two factories in Scotland
Rolls-Royce is cutting 2,600 jobs around the world as it restructures its aerospace division. Photograph: Rolls Royce/PA. Press Association.
More than 200 Rolls-Royce jobs to go at two Scottish sites  Herald Scotland
Jobs to go at Rolls-Royce plants  Bicester Advertiser
Mayor to help promote London's off-beat attractions to tourists
As a new report reveals cultural tourism generated �3.2bn for the economy in 2013, City Hall plans to help spread the wealth. Photo of the William Morris Gallery.
More than 50 developers battle for major London projects  OPP.Today
Boris block of London City Airport expansion over noise fears 'a small ...  East London and West Essex Guardian Series
Plans for clean energy plant at Grangemouth
More than �4 million is to be spent on research into building a new �clean energy� power station on the banks of the Firth of Forth.
Government pumps �4.2m into UK's first CCS power plant  Business Green
Funding for new carbon capture power station research  BBC News
Amazon Denies It's In Talks To Acquire Net-a-Porter
Amazon.com Amazon.com denied that it is in acquisition talks for Net-a-Porter, contradicting earlier reports that it was interested in purchasing the London-based luxury web retailer for as much as 2 billion euros, or about $2.19 billion.
Exclusive - Yoox and Net-a-porter in merger talks again - sources  Reuters India