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U.K. markets news

Yahoo targets mobile users with $1.1bn Tumblr deal
Yahoo's $1.1bn acquisition of Tumblr will create a combined audience for the internet company of more than 1bn people, chief executive Marissa Mayer said on Monday, a figure that will help it to catch Facebook, YouTube and Google in the race for scale ...
Yahoo buying Tumblr for $1.1 billion, vows not to screw it up  Reuters UK
Yahoo buying Tumblr is not a turnaround story  The Guardian
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FirstGroup blames West Coast fiasco for rights issue
The fallout from last year's West Coast mainline fiasco was the �final straw� that forced FirstGroup to launch a heavily discounted rights issue on Monday, according to its chief executive.
FirstGroup shares slump by a fifth as troubled bus and train operator ...  The Independent
FirstGroup loses more than a fifth of its value after �615m cash call and ...  The Guardian
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FTSE 100 jumps to highest close since Sept. 2000
LONDON (MarketWatch) - U.K.'s FTSE 100 index ended at the highest closing level since September 2000 on Monday, according to FactSet, boosted by banking shares and a rally for budget airliner EasyJet PLC .
FTSE LIVE: Shares hold onto gains on better data from the US and Japan  This is Money
FTSE holds steady near 5-1/2 year peaks  Reuters UK
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David Cameron told to stop moralising to multinationals over tax
The president of the CBI is delivering a firm message from some of Britain's largest employers to David Cameron, calling on him to stop "moralising" on how multinational corporations should be taxed.
Chief Minister defends Isle of Man's tax status  BBC News
David Cameron's call to tackle tax avoidance  Telegraph.co.uk
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Oil probe widens to trading houses
The European Commission investigation into the possible manipulation of oil price benchmarks has widened, with Brussels seeking new information from trading houses, including Glencore, following last week's raids on oil majors.
Enron No Lesson to Traders as EU Probes Oil-Price Manipulation  Bloomberg
Oil price probe widens, US senator wants Justice Department help  Reuters UK
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Ernst and Young ITEM Club: Inflation a fact of life for next four years
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 ...
Britain faces years of high inflation  The Independent
Inflation 'may hamper Carney', warns ITEM Club  Telegraph.co.uk
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Tuesday preview: M&S and Vodafone report
Tuesday preview: M&S and Vodafone report LONDON (SHARECAST) - Marks & Spencer (M&S) and Vodafone are expected to make waves Tuesday when they release their full-year results.
Marks & Spencer under fire over online tax arrangements  The Guardian
Marks & Spencer to post second straight fall in year profit  Reuters UK
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ENRC rejects offer from co-founders
The independent board of Eurasian Natural Resources Corp has rejected a proposed offer by the embattled London-listed miner's billionaire founding shareholders to take it private.
ENRC Founders Said to Detail Offer Below 300 Pence in Bid Letter  Bloomberg
UPDATE 1-Miner Kazakhmys could back potential bid for rival ENRC  Reuters
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Ryanair Annual Profit Rises 13%
PARIS - The budget airline Ryanair reported a 13 percent increase in annual profit on Monday, as Europe's protracted economic downturn continued to drive air passengers to search for the lowest possible fares.
Ryanair Targets Northern Europe  Wall Street Journal
Ryanair cautious despite record year as profits hit �651m  Financial Times
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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 have been sold for �675m. The owners of the Grade II listed former 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
London's Battersea Development Lures $1 Billion in Home Sales  Bloomberg
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