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U.K. markets news

Co-operative Bank draws scrutiny as it ends new company loans
In March the Co-operative Bank quietly hung the �closed to new business� sign over its corporate banking operation. While it continued to service existing business customers it turned away new ones as it worked to conserve capital and to comply with tighter ...
Co-op pulls business loans amid concern over capital  Scotsman (blog)
Co-op Bank halts loans to new business customers  Telegraph.co.uk
Reuters UK   Related articles »  
HSBC under fire from all sides at AGM
Angry shareholders of HSBC on Friday bombarded the group's board with barrage of accusations ranging from financing Mexican drug cartels to supporting tax havens, slashing jobs and mis-selling products.
HSBC reviews logging policy as Bill Oddie film sparks petition  The Independent
HSBC Says 'Worrying' Countries Act Unilaterally on Rules (1)  Businessweek
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KKR, Yahoo and Silver Lake/WME join list of Hulu suitors
The list of potential suitors for Hulu keeps getting longer. On Friday, Yahoo submitted a bid for the online video site co-owned by entertainment giants News Corp.
Yahoo 'makes offer' for Hulu as bidding war escalates  The Guardian
Why Tumblr Won't Move Yahoo's Needle  Wall Street Journal
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Germany reports sluggish first-quarter growth of 0.1%
Germany's economy barely grew in the first quarter of 2013 as exports and investment shrank, figures show. But higher domestic consumption - thanks to rising wages - helped offset the declines in foreign trade and capital investment, raising hopes it will help ...
Euro Rises on Better German Data  Wall Street Journal
German Consumer Sentiment to Reach 5-Year High in June, GfK Says  Bloomberg
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BBC suspends technology officer after Digital Media Initiative failure
The BBC has suspended its chief technology officer and admitted wasting nearly �100m on a five-year project intended to make the corporation "tapeless", saying that to continue with the project would be "throwing good money after bad".
BBC axes �100m digital media project  Financial Times
The BBC must learn lessons from Digital Media Initiative fiasco  Telegraph.co.uk
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News Corp.'s Publishing Unit Gets $500 Million Buyback Fund (4)
News Corp. (NWSA), set to split in two this June, announced a new slate of board members for each company as well as a $500 million stock repurchasing fund for the publishing business.
News Corp adopts 'poison pill' share plan to protect divisions  Financial Times
News Corp. OKs Poison Pill, Buyback Before Split  ABC News
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The Markets and the Fed's Punch Bowl
The volatility that swept global markets this week of course has something to do with the Fed. But it also is a result of a market that's decided it can finally drink safely and deeply from the Fed's proverbial punch bowl, at the same time as the Fed's making ...
Business news and markets: live  Telegraph.co.uk
Shares worldwide go on the slide  The Independent
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Concern over Scottish coal mine clear up cost
CALLS are growing for a public inquiry into failures to clean up coal mines across Scotland after a new report revealed a potential �60m shortfall in funds for one region alone.
Shortfall of �62m for East Ayrshire mining clean-up  BBC News
Taxpayers could face �62m bill after East Ayrshire council reveal shortfall ...  Scottish Daily Record
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Mortgage lending falls for unprecedented fourth month
Households paid off �241m more mortgage debt than they borrowed in an effort to get on top of their debts. Before May last year, net lending had never been negative since the BBA started collecting the data in 1997.
Mortgage approvals edge up as incentive schemes kick in  Financial Times
Low rates fail to deter savers, banks say  BBC News
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MPC member Paul Fisher said no return to economic boom anytime soon
Member of the Bank of England's Monetary Policy Committee, Paul Fisher, said today there was little chance of a return to boom conditions in the UK economy anytime soon.
UK only two-thirds through debt recovery, says Paul Fisher  Telegraph.co.uk
BOE's Fisher: More Bond-Buying Would Aid Growth, Balance Sheet Repair  Wall Street Journal
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