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U.K. markets news

Revival at Mothercare
Mothercare said its UK turnaround plan remains "on track" after it cut losses at its domestic business, despite falling sales.
Mothercare chief executive insists recovery on track despite fall in sales  The Guardian
Mothercare narrows losses but warns on dividend  Telegraph.co.uk
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Draghi says euro zone more stable, "needs a more European UK"
By David Milliken and Marc Jones. LONDON | Thu May 23, 2013 10:33pm BST. LONDON (Reuters) - The euro zone is more stable than a year ago but economic conditions remain challenging and governments must push on with reforms and banking union ...
Europe needs Britain, says ECB president Mario Draghi  Telegraph.co.uk
Draghi Says Bond Pledge Helping Interest-Rate Cuts Reach Economy  Bloomberg
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Royal Mail chief set for 500000 sterling bonus - Sky News
Fri May 24, 2013 12:58am BST. (Reuters) - The chief executive of Royal Mail, Moya Greene, who is responsible for leading a turnaround of the business, is set to receive an annual bonus worth nearly 500,000 pounds, as the company readies itself for a stock ...
Royal Mail CEO In Line For �500000 Bonus  Sky News
Royal Mail Privatisation - Do We Want This?  Huffington Post UK (blog)
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United Utilities rides on tide of good news
United Utilities has reported a rise in its revenues and pre-tax profits - further buoying its shares after last week's bid for neighbouring water company Severn Trent pushed their price up 18 per cent.
Questor share tip: Hold United Utilities as the sector is buoyed by bid talk  Telegraph.co.uk
United Utilities Profit Climbs 8.7% on Higher U.K. Water Prices  Bloomberg
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Occupational funds win EU rules reprieve
Occupational pension funds have won a reprieve from a European regulatory overhaul that they feared would have had disastrous consequences for scheme members in several countries as well as the companies that fund them.
EU kicks 'reckless' pension rules into long grass  Telegraph.co.uk
Pension funds relieved as EU drops capital rules proposal  Reuters
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Flybe hits out at Gatwick over 'discrimination'
Flybe has hit out at the owners of Gatwick, claiming the airline's decision to sell 25 take-off and landing slots at the base to easyJet for �20m was due to the airport's "discriminatory" treatment of smaller airlines.
Comment: Flybe blame-game goes beyond Gatwick  Scotsman
Concerns over Flybe's Gatwick slots sell-off to Easyjet  BBC News
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Statisticians confirm 0.3% UK growth for first quarter of 2013
A day after the International Monetary Fund urged the government to do more to spur growth, Britain's official statisticians have reminded economists of just how far the UK economy remains from full health.
UK GDP: concerns about underlying economy as 0.3pc growth confirmed  Telegraph.co.uk
UK Economy Grows 0.3% on Inventories, Consumer Spending  Bloomberg
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�3m for Tesco's US ex-boss
The chief executive of Tesco's failed US business walked off with nearly �3m last year, despite Fresh & Easy savaging the supermarket giant's bottom line.
Tesco sets out bonus challenge  Scotsman
Tesco pays �3m to outgoing directors but chief executive misses out on bonus  Telegraph.co.uk
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FCA fines JPMorgan �3.1m over client details
JPMorgan's UK wealth management business has been fined nearly �3.1m for failing to keep complete and up-to-date client files, a shortcoming that put customers at risk of receiving unsuitable investment advice.
FCA fines JPMorgan �3m over failings in wealth arm  Telegraph.co.uk
UK Regulator Fines JP Morgan for Control Failings  Wall Street Journal
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Booker sees boost from horsemeat scandal
Cash and carry group Booker has benefited from the horsemeat scandal as more caterers have turned away from processed meats and started making meals from scratch, according to the company.
Acquisition and internet delivers boost for Booker  The Times (subscription)
Booker pre-tax profit rises 13% to �101m  Financial Times
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