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U.K. markets news

For US Companies, Money 'Offshore' Means Manhattan
Like some of the nation's prominent chief executives, Apple's Timothy D. Cook has a simple proposal to help spur the economy and encourage corporate tax compliance: give American companies a tax break to bring to the United States untaxed profits ...
Apple CEO Tim Cook, Lawmakers Square Off Over Taxes  Wall Street Journal
Scrutiny of Ireland begins to bite in Apple tax inquiry  Irish Times
The Guardian   Related articles »  
M&S hits an 8-year low after clothes sales slide
Falling clothes sales at Marks & Spencer have dragged down the retail giant's annual profits to an eight-year low, as it said the executive behind the �Your M&S� branding is to step down.
Marks and Spencer boss could get bumper bonus despite worst profits in four ...  Mirror.co.uk
Marks & Spencer continues to haemorrhage senior staff with Steve Sharp ...  This is Money
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RBS and Lloyds stakes should be sold, says IMF
Britain will be advised to sell off the state's holdings in the Royal Bank of Scotland and Lloyds Bank by the International Monetary Fund (IMF) in a move that will embolden George Osborne as he attempts to justify his economic strategy.
Could RBS stay in an independent Scotland?  BBC News
RBS to cut 1400 jobs over two years  Mortgage Strategy
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Inflation registers surprise April fall
The annual rate of inflation eased to 2.4 per cent last month, thanks to falls in petrol prices and air fares, the Office for National Statistics reported yesterday.
Mark Carney may benefit from easing of inflation  Scotsman
Mark Carney warns Europe against lost decade of austerity  The Guardian
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Fiat Industrial to move tax home to UK
Fiat Industrial aims to move its tax residency to the UK from Italy after a merger with US business CNH to take advantage of a lighter fiscal regime, according to a regulatory filing.
Fiat Industrial plans UK HQ for tax reasons  MarketWatch
Fiat Industrial seeks UK tax move  The Guardian
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Homeserve expects to incur smaller legal costs and fines
Homeserve's shares jumped more than 10 per cent as the company revealed a smaller than anticipated �6m provision for legal costs and fines it is expected to incur for mis-selling home repairs insurance.
Homeserve sets �6m aside in FCA inquiry  The Independent
Homeserve sets aside �6m to cover fine for mis-selling policies as annual ...  This is Money
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Paragon profits from changes in banking sector
Paragon Group continued to prosper by snapping up unwanted loan portfolios from big banks and the boom in buy-to-let loans as the specialist lender reported a rise in half-year pre-tax profits.
Paragon seeks banking licence  The Independent
Paragon plans return to banking business  Telegraph.co.uk
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Capita wins �1.2bn outsourcing contract
Shares in Capita pushed through the �10-mark for the first time in the FTSE 100 outsourcing group's history after it won a decade-long contract worth �1.2bn to provide call centre and online customer services for O2.
O2 set to clash with unions over transfer of 2000 staff to Capita  Telegraph.co.uk
CWU union claims O2 call centre workers 'betrayed'  BBC News
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Vertu Motors unveils acquisition
The car dealership group - which was established in 2006 with the aim of consolidating the fragmented automotive retail sector - has agreed to pay Co-operative Group Motors �31m cash for Albert Farnell Ltd, a 65-year-old Yorkshire-based business mainly ...
Vertu grabs �31m Land Rover franchise  Scotsman
Vertu Motors PLC Acquisition and Placing  Wall Street Journal
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Coalition failure on benefits errors and fraud set to cost taxpayers �5bn
Taxpayers will have to cough up �5billion for the Government's failure to crack down on benefit fraud and error, MPs will warn today.
Fraudsters target tax credit claimants in Hampshire  Basingstoke Gazette
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