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U.K. markets news

Global shares grind higher, yen rebounds on minister's remarks
By Herbert Lash. NEW YORK | Mon May 20, 2013 8:20pm BST. NEW YORK (Reuters) - Global equity markets advanced on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after ...
Yen Jumps Most in Three Weeks on Government Concern; Rand Slides  Businessweek
FOREX-US dollar weakens broadly as focus shifts to Bernanke  Reuters
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Yahoo on $1.1bn Tumblr acquisition deal: we won't screw it up
Yahoo promised "not to screw it up" as it formally announced its acquisition of the Tumblr blogging platform for $1.1bn ahead of the US stock market opening on Monday.
Mayer out to rewrite Yahoo's history  Financial Times
The 25 Most Popular Tumblrs Reveal the Challenge for Yahoo  Businessweek
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Political attacks on tax avoidance could damage Britain, CBI's Roger Carr warns
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 ...
Multinational tax avoiders had better beware the 'unappreciative ...  The Guardian (blog)
Chief Minister defends Isle of Man's tax status  BBC News
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Investors cheered as FTSE 100 rises above pre-financial crisis levels to hit a 13 ...
The FTSE 100 closed at its highest level for 13 years today as investors continued to plough into shares. The London blue-chip index closed above its pre-financial crisis high of 6,732.4 hit in June 2007 at 6,755.6 today.
U.K. Stocks Advance as FTSE 100 Extends Five-Year High  Bloomberg
UK stocks advance as benchmark FTSE 100 closes at 12-year high  Livemint
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Troubled FirstGroup announces rights issue as chairman Martin Gilbert steps down
The debt-laden rail and bus company, which has also been forced to scrap its final dividend, has been in urgent discussions with a number of credit rating agencies to avoid a downgrade, which would have added �50m to the �170m cost of servicing its near ...
FirstGroup shares plunge after rights issue and sharp fall in profits  The Guardian
FirstGroup's Tim O'Toole admits 'hard slog'  Scotsman
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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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PRECIOUS-Silver and gold lurch higher after an early dive
Mon May 20, 2013 2:42pm EDT. * Silver hits Sept 2010 low before rebounding * Gold also shoots up from 1-month low and 7 days of losses * Investors await Fed chairman's testimony on Wednesday (Updates with U.S.
silver hits 2�-year low  Financial Times
P.M. Kitco Metals Roundup: Gold, Silver Post Dramatic Late-Day Price ...  Forbes
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EU Widens Probe Into Energy Pricing
European Union authorities have widened their probe into potential energy-price manipulation in recent days, sending requests for pricing information to commodity-trading firms including Glencore Xstrata PLC, Vitol Group, and Gunvor Group Ltd.
Oil inquiry widens to trading houses  Financial Times
Oil price manipulation 'could have driven up food and household goods ...  Telegraph.co.uk
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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 Annual Profit Rises 13%  New York Times
Ryanair Targets Northern Europe  Wall Street Journal
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Is Elmbridge in Surrey Britain's Beverly Hills?
The wealthy district of Elmbridge in Surrey, just off the M25, paid more in tax in 2010/11 than Google did - 200 times more. This leafy haven for high-net-worth individuals - Gary Lineker and Cliff Richard live there - paid a total of �1.18bn in income tax, which ...
Elmbridge residents paid 200 times more tax than Google  Telegraph.co.uk
Revealed: The Surrey borough which pays �1.18BILLION in income tax... more ...  Daily Mail
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