The Ernst & Young ITEM Club said �the persistence of high inflation could undermine the Monetary Policy Committee's credibility� and �tie [its] hands�.

With the $1.1 billion acquisition of Tumblr apparently wrapped up and ready to be announced Monday morning, Yahoo Yahoo and its hard-charging CEO Marissa Mayer are making a big bet that the Internet pioneer can return to relevance.

Mon May 20, 2013 2:17am EDT. DUBLIN May 19 (Reuters) - Ryanair posted record full-year earnings but warned profit growth would slow sharply in the coming 12 months on demand weakness in the European Union and high fuel and airport costs.

Prime Minister David Cameron has urged British overseas territories to "get their house in order" and sign up to international treaties on tax.

Marks & Spencer has become the latest in a string of UK companies to face criticism from tax campaigners over the way it structures its online sales to Europe - with one describing its sales operation as similar to that of the internet retail giant Amazon.

... Off. � UK business chiefs say 'we need to stay in EU' � Sir Mervyn King: stop 'demonising' bankers � Inflation 'may hamper Carney', warns ITEM Club � Yahoo agrees to buy Tumblr for $1.1bn � M&S under tax spotlight over Irish arm � Google chief criticises ...

The study said a separate Scotland could have �significant difficulties� replicating the UK's Financial Services Compensation Scheme (FSCS), which protects bank deposits of up to �85,000.

The number of empty shops on Britain's high streets has surged to a new high of 11.9 per cent, a survey suggests today. The percentage of vacancies in April worsened from 10.9 per cent in January and was the highest rate since the British Retail Consortium ...

LONDON | Mon May 20, 2013 7:25am BST. LONDON (Reuters) - Bus and rail operator FirstGroup said it would raise 615 million pounds through a rights issue to pay down debt after its full-year profit fell more than a third.

By Masayuki Kitano. SINGAPORE | Mon May 20, 2013 2:08am EDT. SINGAPORE (Reuters) - The yen edged higher on Monday after Japan's economics minister said further weakness in the yen could harm households, while Asian shares rose in response to ...