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U.K. markets news

The Irish loophole behind Apple's low tax bill
By Tom Bergin. LONDON | Tue May 21, 2013 11:10pm BST. LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for ...
Apple chief calls on US government to slash US corporate tax  The Guardian
Ireland must devise plan B as seismic shift in global tax likely  Irish Times
New York Times   Related articles »  
IMF urges Treasury to speed up sale of Lloyds and RBS
Speculation about a government sell-off of Royal Bank of Scotland and Lloyds Banking Group was escalating on Tuesday night amid reports that the International Monetary Fund is urging the Treasury to accelerate its disposal of the �65bn stakes in the two ...
Could RBS stay in an independent Scotland?  BBC News
UK Business Minister: RBS, Lloyds Too Risk-Averse on Loans to Firms  Wall Street Journal
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Mark Carney warns Europe against lost decade of austerity
The incoming governor of the Bank of England has warned Europe it must make "sustained and significant reforms" if it is to avoid a Japanese-style lost decade caused by austerity measures.
Pound slides after inflation slowdown revealed  Financial Times
What next for inflation and interest rates?  Telegraph.co.uk
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Fiat Industrial to move tax home to UK
Fiat Industrial aims to move its tax residency to the UK from Italy after a merger with US business CNH to take advantage of a lighter fiscal regime, according to a regulatory filing.
Fiat Industrial plans UK HQ for tax reasons  MarketWatch
Fiat Industrial seeks UK tax move  The Guardian
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Bwin.party's drive for quality hurts revenues
Bwin.party's tactical shift of its customer database from quantity to quality contributed to a 17 per cent fall in the online gambling group's first quarter net revenues.
Bwin.party targets cost savings, eyes US market  Reuters
UPDATE 1-Bwin.party cuts costs in Europe, eyes US openings  Reuters UK
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Bankers' bonuses: European watchdog says many more staff will face curbs
Proposals to clamp down on bankers' pay by limiting bonuses to 100% of salary will capture many more staff than are covered by current pay codes, a top banking regulator has said as it publishes proposals on how to implement the European Union's bonus ...
UPDATE 1-EU watchdog unveils caps for bank bonuses  Reuters
EBA Aims To Widen Range Of Bankers Affected By Bonus Cap  Wall Street Journal
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Burberry Earnings: China Sales Up 20%
LONDON�Burberry Group PLC showed further signs of recovery following a midyear profit warning, as it reported a rise in full-year revenue on Tuesday.
Men are the new fashion dollies  The Times (subscription)
Burberry boosted by Asian retail growth  The Guardian
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FTSE 100 edges closer to all-time high
By David Brett. LONDON | Tue May 21, 2013 5:32pm BST. LONDON (Reuters) - The FTSE top share index closed within sight of its all-time high on Tuesday, lifted by mining stocks and positive corporate news from luxury retailer Burberry among others.
Market overview: FTSE closes at highest level in 13 years  ShareCast
FTSE 100 closes within 130 points of record high, but Carnival misses out on ...  The Guardian (blog)
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Paragon plans return to banking business
Nigel Terrington, chief executive of Paragon, said yesterday the company would start providing personal and car loans again, as part of a planned move back into the consumer banking.
REFILE-Paragon lifts first half profit and seeks acquisitions  Reuters
Paragon lifts profit, see further growth in lending  ShareCast
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Bank of Ireland reverses mortgage rate increase for 1200 borrowers
Bank of Ireland has written to 1,200 borrowers threatened with an increase in their mortgage rate to advise them they will not face the change after all, following a review of customer complaints.
BoI informs 1200 UK customers they won't face mortgage increase  Irish Examiner
Bank of Ireland frees 1200 mortgage holders from rate rise  Telegraph.co.uk
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