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U.K. markets news

Leaders: George Osborne's Plan B | Poor healthcare
WHILE David Cameron was embarked on his latest round of diplomacy in Europe to try to get EU agreement on tackling tax avoidance by multinational companies, his Chancellor, George Osborne, was back in London responding to the report on the UK ...
IMF pulls its punches on UK economic policy  Financial Times
Time for Plan B? IMF tells George Osborne to ease pace of spending cuts  The Independent
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Bernanke says bond buying could slow
The US Federal Reserve heralded the beginning of the end for its third round of quantitative easing as Ben Bernanke said it could slow the $85bn-a-month pace of asset purchases �in the next few meetings� if the labour market is strong.
Fed Endorses Stimulus, but the Message Is Garbled  New York Times
Bernanke Says Premature Tightening Would Endanger Recovery  Bloomberg
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First-time buyers lift Nationwide
Nationwide has grabbed a record share of the mortgage market after seeing a big rise in the number of first-time buyers joining the property ladder.
State-backed mortgages bolster Nationwide  Financial Times
Nationwide results scarred by commercial property  The Guardian
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Cable & Wireless Communications to end era with relocation
Cable & Wireless Communications, the telecoms group that traces its history back to the early days of the British empire, is to leave the UK after more than 140 years and move its headquarters across the Atlantic.
Cable & Wireless Communications revenues down on Caribbean tourism slump  Telegraph.co.uk
Telecoms company Cable & Wireless to quit UK after 140 years  The Guardian
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Fiat Industrial to move tax home to UK
The move is the latest blow to Italy where the new coalition government of Enrico Letta is seeking to staunch an outflow of investment amid a recession of nearly two years.
Fiat Industrial says 500 million euro tax loss reports false  Reuters
Italy to Press Fiat Chief Over His Commitment to Country  Bloomberg
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Irishman behind world's largest wave farm
A company headed by an Irishman and using wind energy technology first designed in Queen's University Belfast has been granted planning permission by the Scottish government for the world's largest commercial wave farm.
Ministers approve plans for world's biggest wave farm in Western Isles  BBC News
World's largest wave power scheme given go-ahead  Scotsman
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SSE customers face bigger bills despite profit surge of nearly 28%
An energy company has told customers they will have to find another �80 a year for energy - despite a surge in their profits of nearly 28%.
SSE warns of more energy bill rises  Telegraph.co.uk
SSE warns consumers of further energy price increases  Financial Times
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Sterling is pounded as a fall in sales shows green shoots are still fragile
The pound slammed into reverse on Wednesday as a sharp fall in high street sales dented hopes Britain is on the road to a steady recovery.
Sterling slides as retail sales soften  Telegraph.co.uk
UK retail sales slump as shoppers balk at higher prices and cold weather  The Guardian
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Blue flag beaches down in Britain
There were 55 beaches deemed to have a water quality good enough to be given a flag this year, compared to 79 last year. For 2013, beaches had to meet a new �excellent� standard imposed by the EU under the EU Bathing Waters Directive.
Four Teignbridge beaches win awards  Newtonabbot People
Torbay wins four Blue Flag beaches, but Paignton is dropped from list  Paignton People
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Britvic to slash 15% of workforce
Britvic is to cut up to 400 jobs - 15 per cent of its workforce - as part of efforts to bolster its fortunes as a standalone company should competition authorities squash its proposed tie-up with Scottish peer AG Barr.
Britvic to close two factories as it presses on from failed AG Barr deal  Telegraph.co.uk
Britvic to shed up to 400 jobs as new boss announces major restructuring  This is Money
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