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U.K. markets news

Provident Financial sees nearly �1.7bn wiped off stock market value
Provident Financial has issued its second profit warning in two months. Photograph: Chris Radburn/PA. Provident Financial. Provident Financial sees nearly �1.7bn wiped off stock market value.
Provident Financial shares plunge on new profit warning  BBC News
Provident Financial's mismanaged doorstep revamp hits FTSE 100 lender  Financial Times  
UK public finances enjoy July surplus for first time in 15 years
The UK government ran a surplus in July for the first time in 15 years, but one-off factors will increase borrowing later in the year, according to official figures published on Tuesday.
UK public finances notch up first July surplus since 2002  The Guardian
Britain posts first July budget surplus in 15 years, outlook darker  Reuters UK
Asda bins 10000 bags for life after 'Isle of White' spelling error
White mess … a closeup of Asda's misspelled bag for life. Photograph: Isle of Wight Radio/PA. UK news. Asda bins 10,000 bags for life after 'Isle of White' spelling error.
Asda BLASTED for 'Isle Of White' spelling error on 10000 bags at ...  Daily Star
Asda sent a load of Isle of White bags to the Isle of Wight  Metro
Former BHS owner Dominic Chappell to be prosecuted
Dominic Chappell, a former bankrupt who bought the BHS retail chain for �1, is being prosecuted by the Pensions Regulator for failing to hand over information relating to the failed high street group's retirement fund.
BHS: Pensions Regulator guns for Dominic Chappell but Frank Field right to ...  The Independent
Dominic Chappell to be prosecuted over BHS collapse  BBC News
Discount supermarkets pile pressure on Tesco and Sainsbury's
The war of the supermarkets is heating up with new data showing that German discounters Aldi and Lidl are rapidly wrestling market share from Britain's traditional retailers.
The Guardian view on grocery wars: Lidl Britain  The Guardian
Lidl tops Waitrose to become UK's seventh biggest grocer  BBC News
Ford scrappage scheme 2017 - Why you MUST take advantage NOW as deal ends ...
FORD has announced their own scrappage scheme offering drivers money off a new car by trading in their older more polluting vehicles.
Diesel scrappage schemes: saving face but not our health  Greenpeace UK
Ford diesel scrappage scheme launched  Coventry Telegraph
George Osborne urges HS3 rail link between Liverpool and Hull
George Osborne has said a 'northern powerhouse' rail network must be planned for. Credit: PA. Former chancellor George Osborne has called on the Prime Minister to commit to building a high-speed rail link from Liverpool to Hull to unlock the north of ...
George Osborne urges 'HS3' rail for northern England  BBC News
Osborne calls for May to back 'northern powerhouse' rail plans  The Guardian
China relaunches world's fastest train
China's fleet of high-speed trains is set once again to become the world's fastest. The top speed of the Fuxing or "rejuvenation" bullet trains was capped at 300km/h (186mph) in 2011 following two crashes that killed 40 people.
China bullet trains ready to lay on the speed  The Nation
China to run world's fastest bullet train from Sep 21
GVC made fresh �3.6bn approach for Coral Ladbrokes
Online gambling group GVC approached Ladbrokes Coral, the UK bookmaker, in recent weeks with a takeover offer worth as much as �3.6bn to create one of the world's largest betting companies.
Gaming group GVC held takeover talks with Ladbrokes Coral: sources  Reuters
Ladbrokes Coral and GVC call off takeover talks for second time  City A.M.
EU launches in-depth probe into Bayer-Monsanto deal
Brussels has launched an in-depth probe into German chemical giant Bayer's $66bn purchase of Monsanto, the latest in a trio of megamergers reshaping the global agri-business industry and one that would create the world's largest supplier of seeds and ...
EU Commission starts investigation of €56bn Bayer-Monsanto deal  Irish Times
EU probes Bayer's planned buyout of Monsanto  USA TODAY