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U.K. markets news

Column: Revenge of the markets - James Saft
By James Saft. Thu May 23, 2013 3:58pm EDT. (Reuters) - For months, markets have been dancing to central bankers' tune, but that may now be changing.
What is the economic responsibility of corporate America?  The Guardian
FTSE suffers worst day in a year on stimulus taper worries  Reuters UK
Bloomberg   Related articles »  
Stock markets lose nerve on fears of end to quantitative easing
A day after the FTSE 100 came within 90 points of its December 1999 all-time high, the index slumped 143 points yesterday to 6696, wiping �36bn off the value of Britain's top companies.
'Keep calm and carry on' as FTSE tumbles 2%  Citywire.co.uk
Global panic puts a halt to Footsie's upward charge  Evening Standard
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Mothercare chief executive insists recovery on track despite fall in sales
Mothercare is crawling towards a recovery as chief executive Simon Calver insisted the UK company was on target to break even within two years.
Mothercare narrows losses but warns on dividend  Telegraph.co.uk
Store closures help Mothercare trim losses  Financial Times
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Mario Draghi in City of London call for 'more European UK'
Mario Draghi, president of the European Central Bank, entered the political debate surrounding Britain's EU membership on Thursday, telling a City of London audience that Europe needed �a more European UK�.
Draghi says euro zone more stable, "needs a more European UK"  Reuters UK
Draghi Says Bond Pledge Helping Interest-Rate Cuts Reach Economy  Bloomberg
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Statisticians confirm 0.3% UK growth for first quarter of 2013
A day after the International Monetary Fund urged the government to do more to spur growth, Britain's official statisticians have reminded economists of just how far the UK economy remains from full health.
UK GDP: concerns about underlying economy as 0.3pc growth confirmed  Telegraph.co.uk
Signs of weakness mar UK economic growth  Reuters UK
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Concerns over Flybe's Gatwick slots sell-off to Easyjet
Business leaders and politicians have raised concerns over the future of Inverness's links with London Gatwick. A three-times-a-day service operated by Flybe is in doubt following the airline's decision to sell all of its take-off and landing slots at Gatwick.
EasyJet to buy Gatwick slots from Flybe  Financial Times
Struggling Flybe turns its back on Gatwick in blow to the regions  The Times (subscription)
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Tesco pays �3m to outgoing directors but chief executive misses out on bonus
The annual report from Britain's biggest retailer revealed that Richard Brasher, the former head of Tesco in the UK, was paid �1.3m to leave and Tim Mason, who led the company's US arm Fresh & Easy, collected �1.7m in �liquidated damages�.
Tesco paid �3m to two outgoing directors  Financial Times
Tesco rules out automatic big bonuses  TVNZ
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United Utilities rides on tide of good news
Revenues at United Utilities in the year to March 31 advanced from �1.56bn to �1.64bn, partly thanks to an inflation-beating 5.8 per cent increase in prices agreed with the regulator Ofwat, but offset by reduced volumes and more uptake of metered supplies.
United Utilities Profit Climbs 8.7% on Higher U.K. Water Prices  Bloomberg
United Utilities reports good full year results and ups dividend  ShareCast
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Switch to low-carbon future would save households �1600
British households will save �45bn, or �1,600 apiece, if the government hitches its electricity supply to low-carbon sources such as wind and nuclear rather than gas, a parliamentary advisory committee has estimated.
Climate committee urges UK commitment to green power until 2030  Financial Times
EU summit set to turn climate agenda upside down  EurActiv
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Acquisition and internet delivers boost for Booker
Online deliveries have powered a surge in profits at Booker, which revealed its first figures yesterday since sealing a buyout of a smaller cash-and-carry group, Makro.
Booker pre-tax profit rises 13% to �101m  Financial Times
Full year pre-tax profit up 13 per cent at Booker Group  ShareCast
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