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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 9:11am 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 government ...
UK banks told to find further �13bn  Financial Times
Business news and markets: live  Telegraph.co.uk
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Stocks Decline on Fed Fears
Stocks declined and both Treasury-bond yields and the dollar rose sharply, all signs of market unease, after Mr. Bernanke repeated his May comments that the Fed this year could begin trimming the size of its monthly debt purchases.
Bernanke Sees Beginning of End for Fed's Record Easing  Bloomberg
Asian Stocks Down as Fed Sees Slower...  ABC News
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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.
UK retail sales sees strong rise in May  BBC News
Supermarket discounts, online trade spur May jump in UK retail sales  Reuters UK
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Gavin Patterson to be appointed chief executive of BT Group
LONDON, June 19, 2013 /PRNewswire via COMTEX/ -- BT announces today that Gavin Patterson will succeed Ian Livingston as chief executive of BT Group plc.
BT chief Ian Livingston: 'I couldn't say no to Government job'  Telegraph.co.uk
BT Names New Chief Executive  Wall Street Journal
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Dixons year profit up 15 percent on strong UK
LONDON | Thu Jun 20, 2013 8:01am BST. LONDON (Reuters) - Dixons (DXNS.L), Europe's No. 2 electricals retailer, beat guidance with a 15 percent rise in underlying year profit, with sales growth in Britain and northern Europe offsetting falls in the ...
Four reason why Dixons thrives while the High Street dies  Telegraph.co.uk
Dixons Sees Improving Signs From Shoppers as Profit Jumps  Bloomberg
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Children are dying because of failure to use GM crops, says Owen Paterson
Mr Paterson said that GM offers �wonderful opportunities� that could benefit human health and the environment. He said GM production in the UK would mean less spraying of pesticides and less intensive farming.
GM even safer than conventional food, says environment secretary  BBC News
Environment Secretary Owen Paterson urges UK to adopt use of GM crop ...  The Independent
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Osborne says Lloyds privatisation is 'active' and explores RBS 'bad bank'
In his Mansion House speech to the City's great and good, the Chancellor said the Government would urgently investigate the case for splitting up RBS and creating a so�called "bad bank" of risky assets.
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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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
FCA bans and fines sole trader nearly �1m over sale and rent back failings  Citywire.co.uk
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UK mortgage lending up by a fifth, says lenders' group
UK mortgage lending surged to its highest monthly level since October 2008 in May, with activity even surprising lenders. Figures from the Council of Mortgage Lenders (CML) recorded gross mortgage lending of �14.7bn in May.
99.5pc fail to work out the true cost of a mortgage  Telegraph.co.uk
Mortgages only one in 200 can understand: Home-buyers left baffled by ...  Daily Mail
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Stansted Airport terminal in �80m revamp
Stansted Airport is to be given an �80m redevelopment of its terminal building, including new security facilities and a larger departure lounge.
Stansted poised to begin �80m revamp  Financial Times
EasyJet's Stansted deal will double numbers  Cambridge News
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