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U.K. markets news

IMF tells George Osborne to borrow �9bn more to plough into infrastructure to ...
The call to �bring forward planned capital investment where possible� was the centrepiece of the IMF's annual update on the state of the UK economy, and the culmination of a month-long row between the Chancellor and the Bretton Woods institution.
IMF calls for new growth measures to help UK economy - live  The Guardian
Osborne warned austerity is a drag on growth as IMF calls for more spending ...  Daily Mail
The Independent   Related articles »  
Anger as utility firm admits to 28% profit rise
Furious consumer groups demanded an immediate cut in energy bills today after one of Britain's biggest suppliers revealed a 28 per cent profit surge boosted by the past year's cold weather.
SSE warns consumers of further energy price increases  Financial Times
Energy giant SSE profits jump, higher prices to come  Management Today
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Government needs 'clear strategy' to privatise Lloyds and RBS, says IMF
The government needs a "clear strategy" to privatise Lloyds Banking Group and Royal Bank of Scotland, the International Monetary Fund said on Wednesday, as the two bailed-out banks attempted to reassure the City that they would not need to tap investors ...
Regulator Says Lloyds, RBS Can Meet Capital Requirement  Wall Street Journal
Lloyds and RBS play down capital concerns  Financial Times
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British retail sales slide in April
LONDON - British retail sales slid unexpectedly last month amid cold spring weather, official data showed on Wednesday. Retail sales sank by 1.3 percent in April from March, the Office for National Statistics (ONS) announced in a statement.
UK retail sales drop sharply in April, as food prices bite  ShareCast
Another weather-beating for the high street  Management Today
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Ed Miliband says Google and Apple as bad as banks
Speaking at Google's Big Tent conference in Hertfordshire, Mr Miliband claimed that major businesses with low tax bills - such as Google, Apple, Amazon and Starbucks - shared a culture of irresponsibility with the banks that caused the global financial crisis.
Google tackled by Nick Clegg on tax avoidance at No10 meeting  The Guardian
Ed Miliband: Google must pay more in UK taxes  BBC News
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Oxfam says $12tn stashed in European tax havens ahead of EU tax talks
International aid agency Oxfam has published a new report suggesting money stashed largely in EU nations could eliminate world poverty twice over.
Tax lost offshore could end world poverty, says Oxfam  The Guardian
Oxfam Says EU Tax Havens Hold $12 Trillion in Wealth  Bloomberg
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Nationwide mortgage high
Nationwide, Britain's biggest building society, grabbed its biggest ever share of the mortgage market last year and saw its profits jump strongly as it continued to attract customers across from discredited high street banks.
Nationwide grabs biggest ever mortgage market share  Telegraph.co.uk
Nationwide doubles provisions for commercial property loans  Financial Times
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FTSE slips on profit-taking at 13-year highs
By Alistair Smout. LONDON | Wed May 22, 2013 12:01pm BST. LONDON (Reuters) - FTSE 100 weakened early on Wednesday after hitting 13-year highs the previous session, as investors took profits in outperforming sectors such as technology and luxury.
FTSE 100 hits highest since 1999  Telegraph.co.uk
ARM lags as FTSE hits highest since 1999  Financial Times
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Green deal: MPs blast government for failure to quantify success
The green deal, the flagship environmental policy of the UK's coalition government intended to make the country's homes more energy efficient, has received a fresh blow after an influential committee of MPs blasted the government on Wednesday morning for ...
Lack of Green Deal expectations 'unacceptable'  E&T magazine
Suppliers sought for �400m green homes drive  Place North West
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Manufacturing orders low but firms more hopeful
A poll of 404 businesses found that growth in output was broadly flat over the three months to May, again disappointing expectations for a more pronounced recovery.
UK factory orders rise less than forecast, CBI figures show  ShareCast
U.K. CBI Manufacturing Index Increased Less Than Forecast in May  Bloomberg
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