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U.K. markets news

Apple 'shifted golden goose' to Ireland to avoid tax, Senate committee claims
Senator Carl Levin took to task a panel of Apple executives, including chief executive Tim Cook, over the companies tax arrangements.
Apple chief Tim Cook defends tax practices and denies avoidance  Financial Times
Apple CEO Defends Tax Practices as Proper  Wall Street Journal
Bloomberg   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
What next for inflation and interest rates?  Telegraph.co.uk
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Dimon victory despite 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.
Victory for Dimon as JPMorgan Shareholders Reject CEO-Chairman Split  Businessweek
JPMorgan Defeats Effort to Split Top 2 Jobs at Bank  New York Times
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Nick 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 boss Nick Buckles to walk away �16m richer after quitting Olympics ...  Mirror.co.uk
G4S finally buckles and shows its chief executive to the door  The Times (subscription)
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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
Chinese love affair with Burberry propels sales to record  Telegraph.co.uk
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Alex Salmond has been putting the economic case for independence
Scotland can "more than afford' to be a successful independent country, its first minister has said. Alex Salmond was speaking as he launched a paper outlining the nation's key economic strengths.
Scotland's economy 'robust enough for independence'  AFP
Scotland says better off without Britain, but with the pound  Reuters UK
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Number of 'excellent' quality UK beaches plummets
The proportion of UK beaches classed as "excellent" for the quality of their bathing water has fallen to its lowest level since 2000, new figures show.
No swimming: Britain has some of the worst quality bathing water in Europe  The Independent
Swimming sites in Cyprus ranked cleanest in Europe  Reuters
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Vodafone chiefs defend retention of �2.1bn Verizon Wireless dividend
Major shareholders had urged Vodafone to distribute most of the special dividend from its 45pc stake in the growing American operator.
Vodafone to retain �2.1bn Verizon dividend  Financial Times
UPDATE 4-Vodafone chief Colao says happy with Verizon stake  Reuters UK
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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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