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U.K. markets news

Japanese market extends losses to drop a further 3pc
The Nikkei index, which on Thursday tumbled 7.3pc, was down 3.37pc at 13,995.34 in afternoon trading, giving up a brief morning rally that saw the benchmark index surge more than 3pc.
Tokyo resumes slide in volatile trading  Financial Times
Japan's Nikkei turns positive in volatile trade  Reuters UK
Businessweek   Related articles »  
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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Royal Mail chief set for 500000 sterling bonus - Sky News
Fri May 24, 2013 12:58am BST. (Reuters) - The chief executive of Royal Mail, Moya Greene, who is responsible for leading a turnaround of the business, is set to receive an annual bonus worth nearly 500,000 pounds, as the company readies itself for a stock ...
Royal Mail CEO In Line For �500000 Bonus  Sky News
Royal Mail Privatisation - Do We Want This?  Huffington Post UK (blog)
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Concerns over Flybe's Gatwick slots sell-off to Easyjet
Business leaders and politicians have raised concerns over the future of Inverness's links with London Gatwick. A three-times-a-day service operated by Flybe is in doubt following the airline's decision to sell all of its take-off and landing slots at Gatwick.
EasyJet to buy Gatwick slots from Flybe  Financial Times
Flybe boss hits out at 'punitive' charges as airline quits Gatwick  The Guardian
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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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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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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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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 first quarter growth unchanged  BBC News
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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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