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U.K. markets news

Yahoo! CEO Marissa Mayer courts controversy by saying that porn sites can stay ...
Yahoo! CEO Marissa Mayer said that the company does not 'intend' to take down any of the porn-heavy sites that are run on Tumblr after the tech giant acquired the blogging platform for $1.1billion.
Yahoo's rise in Asia offsets risk from Tumblr bet  Reuters
Yahoo's Mayer Stakes Turnaround on $1.1 Billion Tumblr Takeover  Businessweek
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Marks and Spencer profits fall as clothing disappoints
Marks and Spencer has reported a big fall in profits, despite rising sales across the group. Pre-tax profits fell to �564.3m, down from �658m last year, despite group sales rising 1.3% to �10bn for the year to 30 March.
Marks & Spencer under fire over online tax arrangements  The Guardian
M&S Posts �665m Profit, Lowest Since 2009 - Sky News  Sky News
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Vodafone posts biggest fall in service revenue
LONDON | Tue May 21, 2013 7:31am BST. LONDON (Reuters) - Vodafone posted its largest ever quarterly fall in key organic service revenue on Tuesday, prompting it to keep hold of a 2.1 billion pound dividend from its U.S.
Vodafone Forecasts Operating Profit Beating Estimates  Bloomberg
Impairments stifle Vodafone as full-year revenue slips 4.2%  Stock Market Wire
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Britain is booming? FTSE reaches 12-year high as record looms
Shares in London have reached levels last seen at the height of the dotcom boom nearly 13 years ago. At a close of 6,755 points, the FTSE 100 blue chip index matched levels from September 2000, just before the market's fascination with loss-making ...
Pre-market briefing: FTSE 100 hits 13-year high - Proactive Investors  Proactive Investors UK
London shares reach 12-year high  BBC News
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Multinational CEOs tell David Cameron to rein in tax avoidance rhetoric
The bosses of some of Britain's largest multinational corporations have urged David Cameron to stop moralising and rein in his rhetoric on tax avoidance ahead of a G8 summit next month.
David Cameron's call to tackle tax avoidance  Telegraph.co.uk
Chief Minister defends Isle of Man's tax status  BBC News
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Apple 'tried to find Holy Grail of tax avoidance'
The committee, which is made up of senior politicians, on Monday argued that Apple's complex structure includes three Irish-based subsidiaries that appear not be a tax resident anywhere in the world.
US Senate Committee accuses Ireland of being a tax haven for Apple  RTE.ie
Apple Chief Talks Taxes in Pushback to Heat in Washington  Bloomberg
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Ryanair seeks more growth amid flag carrier cuts as profit soars
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.
Ryanair Targets Northern Europe  Wall Street Journal
Ryanair profits at record high despite fuel cost rise  BBC News
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Battersea Power Station developer sells more than 800 flats for �675m
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 ...
Demand at Battersea Power Station site soars as 95pc of properties snapped up  Telegraph.co.uk
Battersea Power Station project gains $1bn sales  The Independent
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Transport giant FirstGroup in �615m cash call to shore up its finances
The company is still reeling from the Government's bungled handling of last year's West Coast Main Line contract. Getty. Britain's biggest train and bus operator blamed the Government after launching a massive �615million cash call yesterday.
Rights issue plan derails FirstGroup  Financial Times
Comment: First's fall leaves work to do  Scotsman
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Two in three families plan a summer staycation boosting UK tourism to �12billion
Two out of three families are resorting to a 'staycation' this summer as the squeeze on household budgets makes foreign holidays unaffordable, a study has found.
'Staycation' back in vogue, claims hotel chain  Telegraph.co.uk
City breaks on the up as we opt for holidays near home  Metro
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