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U.K. markets news

Co-operative Bank draws scrutiny as it ends new company loans
In March the Co-operative Bank quietly hung the �closed to new business� sign over its corporate banking operation. While it continued to service existing business customers it turned away new ones as it worked to conserve capital and to comply with tighter ...
Co-op Bank stops lending to new corporate clients  Reuters UK
Co-op Bank halts loans to new business customers  Telegraph.co.uk
Businessweek   Related articles »  
News Corp adopts 'poison pill' share plan to protect divisions
News Corp has adopted a �poison pill� to prevent challenges to Rupert Murdoch's control of his family media empire , as it splits into separate entertainment and publishing businesses.
New rule tightens Rupert Murdoch's grip on News Corp companies  Telegraph.co.uk
News Corp. Board Approves Split  Wall Street Journal
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HSBC under fire from all sides at AGM
Angry shareholders of HSBC on Friday bombarded the group's board with barrage of accusations ranging from financing Mexican drug cartels to supporting tax havens, slashing jobs and mis-selling products.
HSBC reviews logging policy as Bill Oddie film sparks petition  The Independent
HSBC Says 'Worrying' Countries Act Unilaterally on Rules (1)  Businessweek
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Mortgage lending falls for unprecedented fourth month
Households paid off �241m more mortgage debt than they borrowed in an effort to get on top of their debts. Before May last year, net lending had never been negative since the BBA started collecting the data in 1997.
Mortgage approvals edge up as incentive schemes kick in  Financial Times
Mortgage approvals at four-month high but consumers are still wary of taking ...  This is Money
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DIARY - Major Central Bank Meetings for 2013
Fri May 24, 2013 7:05am EDT. For other related diaries, please see; DIARY - U.S. Federal Reserve DIARY - Polling Unit Diary DIARY - Key World Financial Events DIARY - Political and General news DIARY - Index of all Diaries DIARY - G7 Economic ...
MPC member Paul Fisher said no return to economic boom anytime soon  WalesOnline
UK only two-thirds through debt recovery, says Paul Fisher  Telegraph.co.uk
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Concern over Scottish coal mine clear up cost
CALLS are growing for a public inquiry into failures to clean up coal mines across Scotland after a new report revealed a potential �60m shortfall in funds for one region alone.
Shortfall of �62m for East Ayrshire mining clean-up  BBC News
Taxpayers face multi-million pound bill to restore open-cast coal sites  Herald Scotland
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ECB Constancio: Linking National Resolution Funds Isn't Enough
BRUSSELS--Europe must create a single resolution mechanism backed by a common pool of money to help wind down struggling banks, European Central Bank Vice President Vitor Constancio said Friday.
Europe needs a more European UK, says ECB president  The Guardian
Mario Draghi in City of London call for 'more European UK'  Financial Times
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SSE joint-venture wind farm receives development consent
Galloper offshore wind farm, the 50:50 joint venture between FTSE 100-listed renewable electricity and gas supplier SSE and RWE npower renewables, has received development consent from the Secretary of State for Energy and Climate Change, ...
SSE and RWE win approval for Galloper offshore  Project Finance Magazine (subscription)
DECC green-lights 504MW Galloper offshore wind farm  NewNet
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3i makes bid for Barclays unit as chief commits to boost growth
British private equity investor 3i Group has made an offer to buy Barclays' European infrastructure fund management unit, as it seeks to boost assets under management.
UPDATE 1-3i grows infrastructure arm with Barclays fund purchase  Reuters
3i to buy Barclays' �780m infrastructure fund arm  Citywire.co.uk
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Gas: UK 'Was Six Hours From Running Out'
Britain's gas supplies ran "dangerously" low in March as high demand in cold temperatures and overseas supply problems coincided.
Senior energy boss Rob Hastings reveals crisis closer than first thought  Daily Mail
UK "gas supply is dangerously low"  MyFinances.co.uk
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