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U.K. markets news

SSE warns consumers of further energy price increases
SSE has warned that consumers should brace themselves for further increases in energy bills, as the London-listed energy group reported a jump in full-year pre-tax profit and bolstered its dividend.
SSE profits jump on higher gas usage and warns of more energy price rises  Telegraph.co.uk
SSE profits up after cold weather  BBC News
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Lloyds and RBS given capital 'all-clear' by BofE
The Prudential Regulation Authority (PRA) said this morning that it had completed its review of Lloyds and RBS and that the bank could both generate enough capital through retained profits and restructuring their operations to meet the regulator's minimum ...
Regulator says satisfied with Lloyds, RBS capital plans  Reuters UK
Lloyds and RBS: no need to tap investors for fresh capital  The Guardian
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Sterling slides as retail sales soften
As unsettled weather and rising food prices put off shoppers, retail sales volumes including fuel sank 1.3pc month-on-month, confounding economists' forecasts for flat sales.
British retail sales slide in April  AFP
UK retail sales hit by bad weather again  BBC News
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Middle East and North Africa's Growth to Slow: IMF
Economic growth in the Middle East and North Africa will moderate to 3.1 percent this year before recovering to 3.7 percent in 2014, the International Monetary Fund (IMF) said in its economic outlook for the region on Tuesday.
IMF Projects 5.5 Percent Growth Rate for Ethiopia in 2014  AllAfrica.com
IMF sees Cyprus growth in 2015, warns of pitfalls  Budapest Business Journal
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Tax lost offshore could end world poverty, says Oxfam
Lost tax revenue from money salted away offshore is costing governments more than $150bn (�99bn) a year, Oxfam has found - enough to eliminate extreme poverty across the globe twice over.
Oxfam says stopping tax evasion could end poverty twice over  MyFinances.co.uk
At least 14 trillion euro hidden in tax havens worldwide -- Oxfam  Kuwait News Agency
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Nationwide grabs biggest ever mortgage market share
Nationwide, Britain's largest building society, today said it had increased lending on mortgages by 17pc to �21.5bn as it announced its full-year results.
Nationwide doubles provisions for commercial property loans  Financial Times
Nationwide's share of UK mortgage market reaches record high  MyFinances.co.uk
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Green deal: MPs blast government for failure to quantify success
The green deal, the flagship environmental policy of the UK's coalition government intended to make the country's homes more energy efficient, has received a fresh blow after an influential committee of MPs blasted the government on Wednesday morning for ...
U.K. Needs Energy-Efficiency Goals to Hold Government to Account  Bloomberg
Suppliers sought for �400m green homes drive  Place North West
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U.K. CBI Manufacturing Index Increased Less Than Forecast in May
A U.K. factory index rose less than economists forecast this month, according to a report from the Confederation of British Industry.
UK small businesses urged to broaden financing options  Financial Times
UK: CBI Industrial Trends Survey � Orders rises to -20 in May  FXstreet.com
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HMRC rebates for majority after mistakes with PAYE
Nearly 2m workers will be hit by tax demands as HM Revenue & Customs starts to correct tax mistakes in the pay as you earn system for 2012/2013.
HMRC 'errors' cost country �5bn, say MPs  Telegraph.co.uk
First, David Cameron should bring his own tax havens to book  The Guardian
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UK Borrows Less Than Expected in April, Retail Sales Fall
LONDON�The U.K. public sector borrowed less than expected in April as an increase in income-tax receipts boosted government coffers, but the positive sentiment was dented by the biggest monthly drop in retail sales for a year.
UK government borrowing falls. Well, kinda  Management Today
UK borrowing revised down for 2012-13  BBC News
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