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U.K. markets news

Co-op says decision to freeze corporate lending made in March
LONDON | Fri May 24, 2013 9:28am EDT. LONDON May 24 (Reuters) - The Co-operative Group said on Friday it had decided to freeze lending by its banking division to new corporate customers in March to focus on existing customers and individual retail ...
Co-operative Bank ceases lending to new business customers  Financial Times
Co-op halts new business lending  Money Marketing
Business7   Related articles »  
UK 'was 6 hours away from lights being switched off' as gas supplies ran ...
Fears over the UK's continuing energy security were fuelled today after a report claimed Britain came dangerously close in March to its gas supply running out and its lights being switched off.
Britain 'came close to running out of gas'  Telegraph.co.uk
UK gas supply six hours from running out in March  Financial Times
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FTSE 100 on a downer ahead of bank holiday
The UK's blue chips could not stop the rot on Friday as the Footsie kept tumbling ahead of a three-day break from trading in London.
FTSE LIVE: Footsie down again after free-fall Thursday; UBS upgrades banking ...  This is Money
FTSE steadies after worst day in a year  Reuters UK
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DIARY - Major Central Bank Meetings for 2013
Fri May 24, 2013 7:05am EDT. For other related diaries, please see; DIARY - U.S. Federal Reserve DIARY - Polling Unit Diary DIARY - Key World Financial Events DIARY - Political and General news DIARY - Index of all Diaries DIARY - G7 Economic ...
Fisher: UK economy still going through collective rebalancing  MyFinances.co.uk
Bank of England's Fisher says no to US-style stimulus  ShareCast
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Early Look at US Manufacturing Indicates Moderate Expansion
U.S. factory sector appears to be slowing slightly, according to an early reading of May activity released Thursday. The flash purchasing managers' index compiled by data provider Markit fell to 51.9 in May from a final April reading of 52.1.
China may require new stimulus  The Australian
China factory activity shrinks for first time in seven months: flash PMI  Chicago Tribune
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HSBC's $1.9bn money laundering settlement could be rejected
Judge John Gleeson is considering cancelling December's so-called deferred prosecution agreement that gave HSBC immunity from claims it allowed terrorists to move at least $881m (�584m) around the financial system.
HSBC: New Criminal Charges Threat over Money Laundering for Terrorists and ...  IBTimes.co.uk
HSBC could be prosecuted after judge threatens to scrap money laundering deal  Blue & Green Tomorrow
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Mortgage approvals edge up as incentive schemes kick in
Mortgage approvals edged up in April, with banks expecting to sign off more loans to would-be homeowners as schemes to help first-time buyers take root.
UK Programs to Boost Credit Have Little Impact  Wall Street Journal
UK mortgage borrowing remains steady, BBA figures show  ShareCast
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ECB Constancio: Linking National Resolution Funds Isn't Enough
BRUSSELS--Europe must create a single resolution mechanism backed by a common pool of money to help wind down struggling banks, European Central Bank Vice President Vitor Constancio said Friday.
ECB Says Central Banks Pushed Up Target2 Transactions  Bloomberg
Banks to repay 8.1 bln euros of ECB crisis loans  Reuters
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3i makes bid for Barclays unit as chief commits to boost growth
British private equity investor 3i Group has made an offer to buy Barclays' European infrastructure fund management unit, as it seeks to boost assets under management.
UPDATE 1-3i grows infrastructure arm with Barclays fund purchase  Reuters
3i to buy Barclays' �780m infrastructure fund arm  Citywire.co.uk
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Tesco boss gets no bonus, but departing directors pocket �3m
By Michael Northcott Friday, 24 May 2013. The UK's largest retailer has written a cheque for a massive �3m to just two outgoing directors, even though the management team all missed out on their bonus.
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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