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U.K. markets news

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
ECB's Coeure says banking union needs all three pillars  Reuters
Businessweek   Related articles »  
Manchester United slash interest bill by �10m a year
Manchester United have cut their interest bill by �10million a year after a major refinancing through Bank of America. United have refinanced �177.78million of outstanding sterling bonds, on which they are currently paying a rate of 8.75 per cent.
Manchester United refinance debt to cut interest costs by �10m a year  The Guardian
United refinances high-interest debt, cuts costs  SI.com
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Mothercare chief executive insists recovery on track despite fall in sales
Mothercare is crawling towards a recovery as chief executive Simon Calver insisted the UK company was on target to break even within two years.
Mothercare narrows losses but warns on dividend  Telegraph.co.uk
Store closures help Mothercare trim losses  Financial Times
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Royal Mail chief set for 500000 sterling bonus - Sky News
Thu May 23, 2013 11:44pm 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 ...
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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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.
Pension funds relieved as EU drops capital rules proposal  Reuters
EU kicks 'reckless' pension rules into long grass  Telegraph.co.uk
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Comment: Flybe blame-game goes beyond Gatwick
THERE have been many disputes between airlines and airports over fees, but rarely have they hit the sort of heights that led Flybe to pull out of Gatwick.
Concerns over Flybe's Gatwick slots sell-off to Easyjet  BBC News
EasyJet to buy Gatwick slots from Flybe  Financial Times
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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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United Utilities rides on tide of good news
Revenues at United Utilities in the year to March 31 advanced from �1.56bn to �1.64bn, partly thanks to an inflation-beating 5.8 per cent increase in prices agreed with the regulator Ofwat, but offset by reduced volumes and more uptake of metered supplies.
United Utilities Profit Climbs 8.7% on Higher U.K. Water Prices  Bloomberg
United Utilities reports good full year results and ups dividend  ShareCast
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Tesco sets out bonus challenge
Bosses at Tesco will not receive a bonus this year unless they can reverse a decline in profits, the UK's largest supermarket said in its annual report.
Tesco pays �3m to outgoing directors but chief executive misses out on bonus  Telegraph.co.uk
Tesco paid �3m to two outgoing directors  Financial Times
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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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