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U.K. markets news

UK watchdog says Lloyds must raise 8.6 billion pounds capital
By Huw Jones and Matt Scuffham. LONDON | Thu Jun 20, 2013 10:18am BST. LONDON (Reuters) - Lloyds Banking Group must plug a capital shortfall of 8.6 billion pounds ($13.5 billion), Britain's banking regulator said on Thursday, a day after the ...
UK banks told to find further �13bn  Financial Times
British Banks to Raise Extra $21 Billion in Capital  New York Times
Wall Street Journal   Related articles »  
US stimulus fears, China slowdown sparks FTSE sell-off
By David Brett. LONDON | Thu Jun 20, 2013 9:05am BST. LONDON (Reuters) - UK stocks were dealt a double-blow early on Thursday after the U.S.
GLOBAL MARKETS-End to Fed stimulus, China slowdown rattle swathe of world ...  Reuters
Bernanke and China send world stocks lower  CNNMoney
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INSTANT VIEW 3-UK retail sales bounce back strongly in May
LONDON, June 20 | Thu Jun 20, 2013 4:49am EDT. LONDON, June 20 (Reuters) - British retail sales rebounded much more than expected in May, lifted by discounting at supermarkets and online shopping, official data showed on Thursday.
Retail sales rebound in May  AFP
UK retail sales sees strong rise in May  BBC News
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Eurotunnel shares fall after EU attacks rail charges
PARIS - Shares in Eurotunnel which operates the under-sea tunnel between France and England fell by 4.47 percent on Thursday after the European Commission pressed for a cut in prices charged to run trains on the route.
EU moves to cut high Eurotunnel charges  Telegraph.co.uk
Eurotunnel accused of overcharging train companies  BBC News
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'Tablet explosion' fuels Dixons sales
Sebastian James, Dixons' chief executive, said the chain had experienced a "tablet explosion" last Christmas and, given that less than a third of British households have a tablet, there is "lots of road left in this particular product".
Dixons Sees Improving Signs From Shoppers as Profit Jumps  Bloomberg
Dixons year profit up 15 percent on strong UK  Reuters UK
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RBS break-up backed by first minister
The Scottish first minister has backed a break-up of RBS to split its risky investment bank from its mainstream retail and business lending arm.
Osborne looks to split RBS into 'good' and 'bad' banks  Money Marketing
George Osborne: 'RBS Should Have Been Split Five Years Ago'  Wall Street Journal (blog)
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BT chief Ian Livingston quits to join Coalition Government as Gavin Patterson is ...
Ian Livingston has been lured from helm of BT to become David Cameron's Trade minister, banging the drum for UK exports and inward investment.
Gavin Patterson to be appointed chief executive of BT Group  MarketWatch
BT chief Ian Livingston: 'I couldn't say no to Government job'  Telegraph.co.uk
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Environment Secretary Owen Paterson urges UK to end scepticism and adopt ...
Owen Paterson, the Environment Secretary, will officially kick off his campaign to bring genetically modified crops to the UK today by calling on the government, industry and scientists to join forces to convert the public in the face of widespread fear and ...
Children are dying because of failure to use GM crops, says Owen Paterson  Telegraph.co.uk
GM even safer than conventional food, says environment secretary  BBC News
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FCA fines property agent record one million pounds
LONDON | Wed Jun 19, 2013 11:42am BST. LONDON (Reuters) - The Financial Conduct Authority (FCA) has fined a property agent nearly a million pounds for defrauding vulnerable people, the largest-ever fine for a sole trader in the consumer sector.
UK watchdog fines property agent one million pounds  Reuters
Indian realty broker fined one million pounds in UK for fraud  Firstpost
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UK May Gross Mortgage Lending Highest Since October 2008
LONDON--Gross mortgage lending was the highest in just over four-and-a-half years in May as government initiatives appear to be stimulating demand for a growing number mortgages with low interest rates, figures showed Thursday.
Mortgage lending hits highest levels since October 2008  Money Marketing
99.5pc fail to work out the true cost of a mortgage  Telegraph.co.uk
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