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U.K. markets news

British economy grows to cross pre-recession level
LONDON: Britain's economy has recovered the losses caused by the financial crisis and has for the first time in six years, surpassed its pre-recession peak.
Balance Sheet  The Times (subscription)
GDP: let's celebrate the good news, despite the major challenges ahead of us  Telegraph.co.uk
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Destination Maternity Withdraws Bid to Buy Mothercare
Maternity-apparel retailer Destination Maternity Corp. dropped its bid to buy U.K.'s Mothercare PLC in what would have been the first U.S.
Destination Maternity drops Mothercare takeover  Telegraph.co.uk
US firm withdraws Mothercare offer  BBC News
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Fox-Time Warner Cultural Divide Stands in Way of Merger
Rupert Murdoch's 21st Century Fox Inc. and Jeff Bewkes's Time Warner Inc. (TWX:US) couldn't be more different. One is essentially family-owned, the other purely public.
BSkyB to Buy Italian and German Units of Murdoch's 21st Century Fox  New York Times
Murdoch adds to empire: BSkyB declares victory in �5.5bn scheme to create ...  This is Money
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Vince Cable to launch enquiry into Comet liquidators
Business secretary Vince Cable is set to refer the liquidators of failed electrical goods retailer Comet to the accounting watchdog ICAEW.
Comet administrators referred to accountants watchdog by Vince Cable  The Guardian
Deloitte statement on Comet  Creditman
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A surprise boost for RBS, but let's not bet the (mortgaged) ranch
If the Treasury gets the chance to trim its holding in RBS, it should probably take the chance. Photograph: Andrew Matthews/PA. It's a miracle!
RBS boosted by 'bad bank' being not so bad after all  Proactive Investors UK
FTSE CLOSE: Footsie reverses rally, weaker again as investors consolidate ...  This is Money
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Global stocks and euro hit by German data, US results
NEW YORK (Reuters) - Some disappointing U.S. earnings, including those of Amazon.com, and weak German economic data pressured world stock markets on Friday, while the euro clung to an eight-month low against the U.S.
Forex - EUR/USD dips as dollar firms on robust US durable goods data  Moneycontrol.com
EUR / USD: Fell by 0.27% as Dollar Firms on Reliable Data on U.S. Durable ...  Athlete Newswire
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Why Is Amazon's (AMZN) Net Income Since '97 Less Than Facebook's in 2 Years?
In a tale of two companies, the earnings reports of Amazon and Facebook this week show how the tech sector is playing out in vastly different ways, depending on what kind of services they offer.
Is Amazon spending like a drunken sailor?  MarketWatch
Amazon shares plunge as losses mount and outlook worsens  TODAYonline
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Vincent Tchenguiz strikes SFO deal
Vincent Tchenguiz, the property entrepreneur, has accepted a �3m settlement from the UK's Serious Fraud Office ahead of an October trial where he and his younger brother, Robert, were seeking a record �300m in damages over the agency's botched ...
SFO to pay property developer Vincent Tchenguiz �6m over botched inquiry  The Guardian
UK's fraud office settles Vincent Tchenguiz claims  Reuters UK
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Travel chaos on London train network after lightning strikes and signal failures
Commuters faced severe delays on London's rail network this evening after lightning strikes and signal failures resulted in scores of trains being cancelled.
LIGHTNING CAUSES TRAVEL DISRUPTION  Daily Mail
Severe rail delays as summer getaway grinds to halt  Telegraph.co.uk
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Contactless Payments Coming To London Underground
After using a Contactless enabled bank card to tap in and out a single payment will be sent back to banks each day, which will be marked as TfL-related.
Feel free to BONK on the TUBE, says Transport for London  Register
Contactless mobile payments coming to London Underground  Essential Retail
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