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U.K. markets news

Bank governor warns against long-term stimulus for mortgage market
Sir Mervyn King, Bank of England governor, on Sunday damped Treasury enthusiasm over �increasing momentum� in the economy, warning George Osborne that his policy to stimulate the housing market could cause future problems.
Sir Mervyn King: stop 'demonising' bankers  Telegraph.co.uk
Sir Mervyn King: don't demonise bankers  The Guardian
Reuters UK   Related articles »  
M&S staff bonus at risk
Marks & Spencer's store staff could see their meagre �100 bonus trimmed or ditched after the retail bellwether posts a further fall in annual profits this week.
Bolland 'has backing of M&S board', says chairman  Telegraph.co.uk
John Phelps's portfolio  Herald Scotland
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Google chairman Eric Schmidt softens line on tax loopholes
Google's chairman, Eric Schmidt, has said he welcomes promises by international leaders to crack down on tax loopholes exploited by the search firm and other multinational internet businesses that take billions of pounds of sales from the UK through ...
The moral case on tax avoidance is overwhelming - and we all know Google ...  The Independent
Google chief Eric Schmidt criticises politicians over tax row  Telegraph.co.uk
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Tyrrells crisps 'for sale for �100m'
It began as a sideline on a Herefordshire farm little over a decade ago but is now being touted around the world to potential buyers for �100m.
Tyrrells crisps are up for grabs at �100m  The Independent
Crisp maker on menu for food giants  expressandstar.com
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Scotland Warned Of Increased Banking Risks
LONDON�An independent Scotland would have an exceptionally large banking sector, compared with the size of the rest of its economy, making it vulnerable to financial shocks and putting Scottish taxpayers at significant risk in the event of the country being ...
independent Scotland 'vulnerable'  Stuff.co.nz
Scottish Independence: Treasury claims banks 'safer in UK'  BBC News
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FirstGroup to announce chairman's departure and rights issue
FirstGroup is expected to announce that chairman Martin Gilbert is set to step down in a bid to placate investors as it unveils plans for a �600m rights issue and cuts the dividend.
FirstGroup chairman Martin Gilbert set to resign amid �600m rights issue  Telegraph.co.uk
Gilbert to step down at FirstGroup  Scotsman
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ENRC details founders' $2.3 billion cash-and-share bid plan
LONDON | Sun May 19, 2013 4:47pm BST. LONDON (Reuters) - Kazakhstan's government and the trio of founders behind miner ENRC (ENRC.
ENRC Founders Said to Detail Offer Below 300 Pence in Bid Letter  Bloomberg
ENRC: Initial Proposal Undervalues Miner; Bid Deadline Extended  Wall Street Journal
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Health alert as hospital charity offers small investors 6% bond to raise �15m
Nuffield Health, the charity that runs gyms and private hospitals, is the second organisation within a fortnight to offer small investors a high-paying bond.
Nuffield retail bond launches at 6% � but does it have a clean bill of health?  The Guardian
Jockey Club lengthens retail bond race  Financial Times
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Yahoo 'to buy Tumblr for $1.1bn'
Yahoo's board has approved a deal to buy New York-based blogging service Tumblr for $1.1bn (�725m; 857m euros), US media reports say.
Yahoo to Buy Tumblr for $1.1 Billion  Wall Street Journal
Yahoo poised to buy Tumblr for rumoured $1.1bn  The Guardian
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Pru and Resolution avoid rebellion
Further evidence that UK-listed companies were avoiding a repeat of last year's shareholder rebellions came on Thursday, when two FTSE 100 insurance groups encountered only minor dissent over executive pay.
Prudential pay plans prompt shareholder dissent  Reuters
Pru bosses avoid pay award revolt  Aol Money
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