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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
Reuters UK   Related articles »  
Marks and Spencer announces fall in profits
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 & Spencer continues to haemorrhage senior staff with Steve Sharp ...  This is Money
M&S profits drop 14% on weak clothing sales  Financial Times
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IMF urges Treasury to speed up sale of Lloyds and RBS
Speculation about a government sell-off of Royal Bank of Scotland and Lloyds Banking Group was escalating on Tuesday night amid reports that the International Monetary Fund is urging the Treasury to accelerate its disposal of the �65bn stakes in the two ...
RBS and Lloyds stakes should be sold, says IMF  The Independent
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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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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Miliband says Google tax behaviour "wrong"
By Andrew Osborn. LONDON | Wed May 22, 2013 12:30am BST. LONDON (Reuters) - Google Inc's tax affairs will come under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accuses the Internet company of wrongly ...
Miliband to make tax jibe at Google just days after Cameron failed to do so ...  Daily Mail
Miliband to Tell Google to Change Culture on U.K. Tax  Bloomberg
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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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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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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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