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U.K. markets news

Boom in the south drives up house prices
House prices rose 0.4pc in March, according to official Government figures. The Office of National Statistics (ONS) said that house prices had risen 2.7pc in the twelve months to March 2013, rising from �229,000 to �235,000 on average.
Inflation falls in April, giving more leeway for stimulus  Reuters UK
UK Inflation Cools on Fall in Oil Prices  Wall Street Journal
The Guardian   Related articles »  
Business news and markets: live
... Off. � UK inflation falls further than expected to 2.4pc � G4S chief executive Nick Buckles steps down � Marks & Spencer profits fall after clothing struggles � Burberry pre-tax profits up 14pc to �427.8m � Vodafone pre-tax profit fell 65.9pc � Political attacks on ...
Buckles bows out as G4S chief executive  Financial Times
Why Nick Buckles ran out of chances at G4S  The Guardian
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Ireland says not to blame for Apple's low tax rate
By Conor Humphries. DUBLIN | Tue May 21, 2013 11:40am BST. DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments after the U.S.
Can Tim Cook Tame Washington?  Businessweek
Apple tax-avoidance schemes deemed 'highly questionable' by US ...  The Independent
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Vodafone to reinvest �2.1bn Verizon dividend
Vodafone is to plough a �2.1bn dividend from US telecoms group Verizon back into its business rather than offer shareholders a windfall, after the UK-based mobile operator reported its biggest annual fall in service revenues in five years.
Vodafone Reports First Full-Year Revenue Drop Since 2005  New York Times
'We pay our way': Vodafone rejects tax accusations  Evening Standard
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Investors are still on our side, says M&S, after another slide in profits
Marks & Spencer today mounted a vigorous defence of its strategy after its profits tumbled for the second consecutive year. The retail bellwether's bottom line has been hit by tumbling clothing sales, although it cheered investors by vowing to slash its capital ...
More woe for Bolland as M&S splutters - Management Today  Management Today
Marks & Spencer says investment to hold back profits  Reuters UK
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Royal Mail profits surge ahead of planned sell-off
Royal Mail has reported a 60% increase in pre-tax annual profits to �324m, as the government prepares to sell off the 497-year-old postal service in the most ambitious privatisation since British Gas in 1986.
Royal Mail profits jump as parcel sales rise  BBC News
Online retailers boost Royal Mail profits  Scotsman
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Chinese appetite for luxury has Burberry looking smart
Burberry today struck an upbeat note on its prospects in China, as an emerging army of luxury shoppers in the Asian country helped to drive a sharp uplift in annual profits.
Burberry profits rise as Asian sales grow  BBC News
Burberry bolstered by rising Chinese demand to push sales to �2bn  Financial Times
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Scottish referendum: Alex Salmond says Scotland can afford independence
Scotland can "more than afford' to be a successful independent country, its first minister has said. Alex Salmond was speaking as he launched a paper outlining the nation's key economic strengths.
Scotland Counters UK's Claims On Independence  Wall Street Journal
Salmond outlines financial case for Scottish independence  Financial Times
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Bank of Ireland frees 1200 mortgage holders from rate rise
The bank announced in February that 13,500 mortgage customers on tracker mortgages would see their rates increase from May 1, around half of whom have a buy-to-let mortgage.
Bank of Ireland U-turns on mortgage rate hike  FT Adviser
Bank of Ireland in partial retreat on mortgage rise  Financial Times
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Carnival in troubled waters again as it sounds the profit alarm
Shares in cruise ship giant Carnival were listing badly today as a desperate move to slash prices following a succession of PR catastrophes triggered a grim profit warning.
Profit fall gives Carnival sea sickness  The Times (subscription)
Carnival Cuts Full-Year Guidance on Weaker Revenue Yields  Wall Street Journal
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