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Bank of England revises away UK's double-dip recession
ReutersLONDON (Reuters) - Britain's double-dip recession never actually happened, revised Bank of England figures showed on Wednesday. Alongside more upbeat growth and inflation forecasts for the next few years, Britain's central bank published "backcasts"...Tags: Central Bank, England, Weather, Weather Reports
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UK watchdog to investigate how insurers settle claims
ReutersLONDON (Reuters) - Britain's Financial Conduct Authority (FCA) is investigating whether insurers are dragging their heels in paying out claims for stolen goods or disrupted holidays. FCA Chief Executive Martin Wheatley said that complaints about insurers...Tags: New Products, Insurance
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Google to face UK lawmakers again over tax
ReutersBy Tom Bergin LONDON, May 15 (Reuters) - Google Inc faces another grilling over its tax affairs from a committee of British lawmakers on Thursday who have called the company back after questions were raised about testimony given in an earlier hearing....Tags: Computing and Information Technology Industry, E-Commerce Industry, Amazon.com Inc., Crime, Law and Justice, Starbucks Corp.
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Athletics-Britain's head coach resigns after seven months
ReutersBy Mitch Phillips LONDON, May 15 (Reuters) - Peter Eriksson has resigned as head coach of British Athletics after seven months in the job and will return to Canada for personal reasons, UK Athletics officials said on Wednesday. Eriksson was appointed on... -
Amazon UK pays $3.7 mln tax on $6.5 bln sales
ReutersBy Tom Bergin LONDON, May 15 (Reuters) - Amazon.com's main UK unit paid taxes of $3.7 million on its 2012 income, despite group UK sales of $6.5 billion (4 billion pounds), its accounts published on Wednesday showed. The company received 2.5 million...Tags: E-Commerce Industry
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UK banks avoid investigation by competition authority
ReutersLONDON (Reuters) - Britain's biggest banks were spared a full-blown inquiry into the personal current account market after the consumer watchdog said changes already being implemented could stimulate competition in the industry. The Office of Fair...Tags: Stock Market, Corporate Crime, Marks & Spencer Ltd., Restraint of Trade, HSBC Holdings plc
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HSBC sees no change to UK bank levy policy before 2015
ReutersLONDON (Reuters) - HSBC said it does not expect Britain to change its bank levy policy before the next general election due in 2015 and said it is likely to pay about $800 million on the tax this year. HSBC has said the levy unfairly hits banks with...Tags: Politics, Political Fundraising, Credit Ratings, HSBC Holdings plc
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UK's King takes swipe at plan for European trading tax
ReutersLONDON (Reuters) - Mervyn King, the outgoing governor of the Bank of England, heaped criticism on a planned tax on financial transactions in Europe, saying it was unlikely to help the region's embattled economy. "I don't think it is likely to help very...Tags: Germany, Financial Markets
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M&S's make-or-break clothing strategy gets early thumbs-up
ReutersLONDON (Reuters) - Fashion media and analysts broadly welcomed Marks & Spencer's new clothing strategy and a preview of autumn/winter fashion ranges, giving the firm's boss some respite from pressure over falling sales. Britain's biggest clothing...Tags: Corporate Officers, Fashion Trends, Marks & Spencer Ltd.
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GLOBAL MARKETS-Weak euro area growth hits currency, shares rise
Reuters* Euro breaks below $1.29 on weak euro zone data * European GDP data fuels rate cut hopes * Dollar rises through 102.50 yen briefly * European shares climb, U.S. stocks seen mixed By Richard Hubbard LONDON, May 15 (Reuters) - The euro hit a six-week...Tags: Market and Exchange, Central Bank, Nikkei, Mario Draghi, Economy, Business and Finance
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Amazon UK pays $3.7 million tax on $6.5 billion sales
ReutersLONDON (Reuters) - Amazon.com's main UK unit paid $3.7 million of taxes on its 2012 income, it said on Wednesday, despite group UK sales of $6.5 billion (4 billion pounds), prompting criticism from lawmakers and competitors. Amazon.co.uk Ltd added in its...Tags: Parliament, Google Inc., Corporate Crime, Microsoft Corporation, Luxembourg
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Britain's Cameron faces parliamentary revolt over Europe
Reuters* Cameron braced for more party dissent over EU * Up to 100 Conservatives to defy their leader in vote * Labour opposition: Cameron becoming a "laughing stock" * Cameron "extremely relaxed" over rebel vote By Peter Griffiths LONDON, May 15 (Reuters)...Tags: Unrest, Conflicts and War, Margaret Thatcher, Elections, European Union, Parties and Movements
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