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U.K. markets news

Lloyds Bank shareholders 'mugged', claim lawyers
Shareholders in Lloyds Banking Group were "mugged" by the bank and its former directors when they were persuaded to back the takeover of Halifax Bank of Scotland (HBOS).
Lloyds 'mugged' shareholders with HBOS deal in teeth of financial ...  Telegraph.co.uk
Lloyds shareholders 'mugged' by 2008 HBOS takeover, high court told  The Guardian
Financial Times  
Tesco selling green oranges in bid to cut waste
Tesco has started selling green oranges, as supermarkets are drastically cutting standards for fruit and vegetables' appearance in a bid to reduce waste.
Tesco to start selling green satsumas and clementines  BBC News
Half of UK adults are financially vulnerable, City watchdog finds
The FCA has found that 4.1 million people are already in serious financial difficulty. Photograph: Chris Radburn/PA. Borrowing & debt.
Equity release in an ageing world  Telegraph.co.uk
Consumer credit putting millions of Britons at risk of financial harm, says FCA  DIGITALLOOK
Unemployment drops by 52000 but pay squeeze continues
UK unemployment fell by 52,000 in the three months to August to 1.4 million, leaving the jobless rate unchanged at 4.3% from the previous quarter.
Real wages fall despite low levels of unemployment  The Guardian
Unemployment down again but pay struggles to take off  Telegraph.co.uk
UK wage squeeze continues, as jobless rate remains at 42-year low – as it happened
Firstly, it is clear that the economy is great at creating jobs but hopeless at generating pay rises. Employment is up by more than 300,000 over the past year but average earnings growth at 2.2% is slightly lower than it was in the summer of 2016 ...
UK wage growth lags inflation as savers feel pinch of post-Brexit pound ...  The Independent
Inflation could go higher, warns Bank of England Governor Mark Carney  HeraldScotland
Britain's worst traffic jam revealed as cost of hold-ups reaches �9billion
The cost of traffic jams has reached �9 billion a year, according to new analysis. Drivers faced 1.35 million traffic jams in the past year, with billions lost in wasted time, fuel and unnecessary carbon emissions, according to transport data company ...
M5 rated as worst motorway for traffic jams over 36 miles of chaos  Plymouth Herald
Traffic jams cost UK drivers �9bn in a year  expressandstar.com
BAE Systems takes below-deck role on UK's Type 31 frigate
BAE Systems will not lead a consortium bidding to build Britain's newest frigate, the first time in three decades its shipyards have taken a back-seat role on a new warship.
Cammell Laird strikes 'Teaming Agreement' with BAE Systems in bid to ...  Wirral Globe
BAE and Cammell Laird join forces to bid for 'budget' frigates contract  Telegraph.co.uk
Australia's AMP Capital snaps up Leeds Bradford Airport
Australian asset manager AMP Capital has increased its interest in the UK by buying Leeds Bradford airport from Bridgepoint, the private equity firm.
Australian investment firm buys Leeds Bradford Airport for undisclosed sum  Daily Mail
Leeds Bradford Airport sold to AMP Capital  BQ Live
World's first floating wind farm starts generating electricity
The world's first floating wind farm has started delivering electricity to the Scottish grid. Five giant turbines have been tethered to the seabed about 15 miles from Peterhead in Aberdeenshire.
World's first floating wind farm delivers electricity to grid  The Engineer
First floating wind farm, built by offshore oil company, delivers electricity  Ars Technica
Goodbye Thomson, hello TUI – how Germany beat Britain in the battle of the ...
Ends of eras come in different sizes and styles. The clunky British steam train hauling its last scheduled passenger service. The final performance at an old theatre, slated for demolition.
TUI: People are realising the Airbnb model isn't all it's cracked up ...  Marketing Week