By Alexei Oreskovic and Jennifer Saba. SAN FRANCISCO/NEW YORK | Mon May 20, 2013 6:43pm BST. SAN FRANCISCO/NEW YORK (Reuters) - Yahoo Inc will buy blogging service Tumblr for $1.1 billion (721.6 million pounds) cash, giving the Internet ...

Joining some of the UK's top bosses at a meeting of the Prime Minister's business advisory council in Downing Street yesterday, CBI president Sir Roger Carr said politically motivated attacks on businesses' tax arrangements could have damaging ...

David Cameron failed to raise Google's tax affairs when he met the company's chairman Eric Schmidt in Downing Street yesterday, it has emerged.

FirstGroup, the train and bus operator, has turned to shareholders for �615m, scrapped a final dividend and parted company with its chairman in an effort to reduce its debts and avoid a credit rating downgrade.

Mon May 20, 2013 12:17pm EDT. * FTSE 100 ends at highest closing level since Sept. 2000. * FTSE 100 closes up 0.5 pct at 6,755.63 points.

The European Commission investigation into the possible manipulation of energy price benchmarks has widened, with Brussels seeking new information from trading houses, including Glencore, following last week's raids on oil majors.

Households struggling with rising costs were told in no uncertain terms today to expect the squeeze on their incomes to continue for the foreseeable future as the influential Ernst & Young ITEM Club warned above target inflation would be a fact of life for at ...

Ryanair is aiming to achieve further growth at the expense of European flag carriers in the next five years, as it announced a 16 per cent increase in underlying operating profit for 2012-13.

More than 800 flats in the Battersea Power Station development in London have been sold for �675m. The owners of the Grade II listed power station, which has lain dormant since it stopped generating electricity in 1983 despite numerous outlandish ...

Leading shares are heading ever higher, with the FTSE 100 currently on course for its best level since 2000. If the trend in early trading continues, the index is set to beat its 2007 peak of 6732, with the next test the 6752 achieved in September 2000.