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U.K. markets news

Yahoo poised to buy Tumblr for rumoured $1.1bn
Marissa Mayer, the former Google executive who is now in charge of Yahoo, is poised to create yet another nothing-to-riches tale in the web industry with the $1.1bn (�720m) acquisition of the blogging site Tumblr.
Yahoo buys start-up Tumblr for $1bn  Financial Times
Rough and Tumblr  The Economist (blog)
BBC News   Related articles »  
Housing market: the rule of bad ideas
Hats off to Mervyn King. By voicing his doubts about the government's �130bn gamble on the housing market, the outgoing Bank of England governor has restarted a vital debate.
Sir Mervyn King issues Help to Buy mortgage warning  BBC News
The Tories must water these green shoots  Telegraph.co.uk
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Google chairman Eric Schmidt softens line on tax loopholes
Google's chairman, Eric Schmidt, has said he welcomes promises by international leaders to crack down on tax loopholes exploited by the search firm and other multinational internet businesses that take billions of pounds of sales from the UK through ...
David Cameron's call to tackle tax avoidance  Telegraph.co.uk
Former Google exec says he has 100000 emails showing how 'immoral ...  The Independent
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M&S staff bonus at risk
Marks & Spencer's store staff could see their meagre �100 bonus trimmed or ditched after the retail bellwether posts a further fall in annual profits this week.
Bolland 'has backing of M&S board', says chairman  Telegraph.co.uk
John Phelps's portfolio  Herald Scotland
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Breakaway Scotland to face high saver protection costs-UK study
By William James. LONDON | Sun May 19, 2013 7:01pm EDT. LONDON May 20 (Reuters) - The cost of protecting Scottish savers would prove difficult to bear if the country broke away from the rest of the UK, a study by Britain's finance ministry said on ...
Scotland's tough call: stay in the UK, or stay in the EU?  The Guardian
Independence 'threat to pensions and savings'  The Times (subscription)
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Tyrrells crisps 'for sale for �100m'
It began as a sideline on a Herefordshire farm little over a decade ago but is now being touted around the world to potential buyers for �100m.
Tyrrells crisps are up for grabs at �100m  The Independent
Crisp maker on menu for food giants  expressandstar.com
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BAE's investors set to back choice of chairman
BAE is moving toward naming its new chairman with the UK defence company's most influential stakeholders expected to make a decision by mid June.
Sir Roger Carr leads the race to become chair at BAE Systems  This is Money
Business big shot: Sir Roger Carr  The Times (subscription)
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FirstGroup to announce chairman's departure and rights issue
FirstGroup is expected to announce that chairman Martin Gilbert is set to step down in an attempt to placate investors as it unveils plans for a �600m rights issue and cuts the dividend.
FirstGroup chairman Martin Gilbert set to resign amid �600m rights issue  Telegraph.co.uk
Gilbert to step down at FirstGroup  Scotsman
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ENRC Founders Said to Detail Offer Below 300 Pence in Bid Letter
Eurasian Natural Resources Corp.'s three founding shareholders sent a letter with details of a planned bid for the company at a price of less than 300 pence a share to its independent committee of directors, according to people familiar with the matter.
ENRC: Initial Proposal Undervalues Miner; Bid Deadline Extended  Wall Street Journal
ENRC bid deadline extended after miner rejects offer  Telegraph.co.uk
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Warning over bonds' 'risky' 6% promise
Nuffield Health this week became the latest British organisation to offer fed-up savers attractive rates on bonds. The charity is inviting people to invest between �1,000 to �250,000 in its bond and get a fixed annual return of 6 per cent for five years.
Nuffield retail bond launches at 6% � but does it have a clean bill of health?  The Guardian
Jockey Club lengthens retail bond race  Financial Times
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