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U.K. markets news

Eurostar Stake Sale Raises �757m For Treasury
Agreement is reached to sell the UK taxpayer's 40% holding in the cross-channel rail link operator to boost Treasury coffers. 06:21, UK, Wednesday 04 March 2015.
Britain agrees sale of Eurostar stake to British, Canadian funds  Reuters UK
UK Government Agrees To Sell Eurostar Stake For GBP757.1 Million  London South East
Clacton and Frinton Gazette  
Families still worse off than when Tories came to power, study claims
Families still have less money to spend than when David Cameron came to office in 2010, although average living standards have returned to pre-recession levels of seven years ago, a report shows.
Workers' income still below pre-crisis levels, says IFS  BBC News
IFS says real income in the UK is still below pre-crisis levels  Market Business News
RBS to cut up to 14000 investment banking jobs over four years
Royal Bank of Scotland is axing four out of five jobs at its investment banking division in the coming years, as the government-owned bank looks to reduce its presence to 13 countries from 38 countries at present.
RBS to cut up to 14000 jobs in investment banking unit: FT  Reuters
RBS could cut 14000 staff in retreat from US and Asia  The Guardian
Yellen Says Fed Seeks to Avert 'Capture' by Banks It Oversees
(Bloomberg) -- Federal Reserve Chair Janet Yellen, countering criticism from members of Congress, said the central bank is trying to avoid being too cozy with the Wall Street firms it supervises and wants to ensure that regulators aren't afraid to confront the ...
Fed's Yellen questions whether Wall Street ethics up to par  Yahoo News UK
British property 'safe haven' for corrupt cash: campaigners
British property is a safe haven for money stolen from around the world, with tens of thousands of London properties owned by secretive companies, according to a corruption report released Wednesday.
How London is 'safe haven' for money laundering: Thousands of homes ...  Daily Mail
London property boom built on dirty money  The Independent
Ex-Morrison tax chief jailed for insider dealing
The former group treasurer and head of tax at British high street retailer WM Morrison Supermarkets Plc has been sentenced to 12 months in jail for insider trading by an English court.
Morrisons boss goes down for insider trading  CITY A.M.
Morrisons boss Paul Coyle is jailed for one year over Ocado shares trading  Daily Mail
Budget 2015: Why George Osborne must support the 'UK Mittelstand'
Britain's biggest business lobby group will urge George Osborne to use his final Budget before the general election to support the "UK Mittelstand" and cut taxes for North Sea oil producers.
Osborne under pressure from CBI to reverse 2011 tax grab on North Sea oil  Herald Scotland
Business seeks Budget boost for medium-sized companies  Financial Times
UK commercial space flight is one giant leap closer to lift off
COMMERCIAL space flight from the UK is closer to blast off, after a three-month consultation on spaceport locations shut yesterday.
Shortlist for Britain's first spaceport announced with four of the sites ...  Scottish Daily Record
UK spaceport must be built by the sea to protect the public  Telegraph.co.uk
Sahara's Grosvenor House Hotel Put Up For Sale
London's landmark Grosvenor House hotel has been put up for sale after its owner, part of troubled Indian conglomerate Sahara which has been trying to raise funds for its jailed boss Subrata Roy, was placed into administration by creditors.
Bank of China Seizes Control of London''s Grosvenor House  Nasdaq
Paddy Power bets on �390m share buyback
IN TYPICALLY exuberant style, Irish bookie Paddy Power announced yesterday that it would return �392m (�285m) to shareholders after it could not find any compelling acquisitions to spend its cash on following a year of record profit growth.
Paddy Power chief Andy McCue plans 'clear blue water' in growth stakes  Irish Independent
Paddy Power pays out to shareholders after record profits  Proactive Investors UK