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U.K. markets news

FTSE 100 suffers heaviest drop for a year
Worries the US was closer to bringing its economic stimulus measures to an end and concern over the state of the Chinese economy triggered a huge global sell-off today, with the FTSE 100 falling from its highest level in thirteen years.
Shares worldwide go on the slide  The Independent
Stock markets lose nerve on fears of end to quantitative easing  The Guardian
Reuters   Related articles »  
Ryanair's Gatwick plans grounded by rival Easyjet
John Mulligan - 24 May 2013. Ryanair has lost out to rival Easyjet in a bid to buy take-off and landing slots at Gatwick Airport. Also in this section.
Fare hike concerns as Flybe axes London link  Belfast Telegraph
Concerns over Flybe's Gatwick slots sell-off to Easyjet  BBC News
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Halfords boss warns the bike chain faces an uphill slog
He warned profits would fall for the next two years as he launched a stinging attack on the company's previous management. Boost: Victoria Pendleton and her Halfords bike.
Halfords cuts dividend to focus investment on revamping stores  Telegraph.co.uk
Halfords shares fall as it reduces its dividend  Financial Times
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Market Report: Investors rattled by overhaul at Pearson
New Pearson chief executive John Fallon looks to be on a mission to reshape the education giant in dramatic fashion, but the market did not seem convinced by his plans for a sweeping reorganisation.
Pearson to reorganise into six business divisions  Financial Times
Pearson folds FT into Chinese English schools business  Telegraph.co.uk
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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.
Store closures help Mothercare trim losses  Financial Times
Mothercare narrows losses but warns on dividend  Telegraph.co.uk
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Tesco bonus cuts: Profit fall dents rewards for supermarket workers
Tesco workers paid the price for the biggest profit slump in its history after their bonus pot was halved. The supermarket giant's 280,000 UK staff will share a payout worth �56million, down from �110m a year earlier, and worth a maximum of �1,625 per ...
Tesco paid �3m to two outgoing directors  Financial Times
Tesco pays �3m to outgoing directors but chief executive misses out on bonus  Telegraph.co.uk
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Occupational funds win EU rules reprieve
Occupational pension funds have won a reprieve from a European regulatory overhaul that they feared would have had disastrous consequences for scheme members in several countries as well as the companies that fund them.
EU kicks 'reckless' pension rules into long grass  Telegraph.co.uk
EU Spares Pension Funds From Tough Solvency Rules  Wall Street Journal
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United Utilities highlights service improvements
Revenues and profits were up at water supplier United Utilities as it reaped the benefits of customer price increases. In its full year results for the year to March 31, UU reported revenues of �1.636bn, up from �1.565bn, with underlying pre-tax profits of ...
United Utilities rides on tide of good news  Financial Times
Questor share tip: Hold United Utilities as the sector is buoyed by bid talk  Telegraph.co.uk
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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
UK Economy Grows 0.3% on Inventories, Consumer Spending  Bloomberg
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Parkmead in �14.5m Lochard Energy deal
TOM Cross has made his biggest move yet in his attempt to build another major North Sea firm by agreeing the �14.5 million takeover of Lochard Energy by the Parkmead Group he runs.
Parkmead Group (The) PLC Offer for Lochard Energy Group plc  Wall Street Journal
North Sea oil explorer Parkmead buys rival Lochard Energy  BBC News
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