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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-Tumblr deal: Internet giant promises not to 'screw it up' over ...  The Guardian
Yahoo buying Tumblr for $1.1 billion, vows not to screw it up  Reuters UK
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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 Live: Shares edge to new 51/2 year high on better data from the US and ...
Shares in London remain in positive territory despite an earlier dip over fears the US Federal Reserve may be preparing to ease its quantitative easing programme sooner than anticipated.
FTSE holds steady near 5-1/2 year peaks  Reuters UK
FTSE 100 on course for best level since 2000  The Guardian
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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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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 ...
High inflation cost the UK economy �10bn, report says  BBC News
Britain faces years of high inflation  The Independent
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Ryanair Targets Northern Europe
LONDON�Budget carrier Ryanair Holdings PLC is targeting expansion in Northern Europe as it pursues an ambitious growth strategy with plans to increase traffic by 25% over the next five years.
Ryanair Annual Profit Rises 13%  New York Times
Ryanair Boosts Full-Year Profit as 217 New Routes Spur Sales (2)  Businessweek
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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.
UPDATE 1-Miner Kazakhmys could back potential bid for rival ENRC  Reuters
ENRC Founders Said to Detail Offer Below 300 Pence in Bid Letter  Bloomberg
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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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Average London house price rockets past �500000
New figures showing that the average asking price for a home in London has risen to more than �500,000 for the first time could add to fears of a new house price bubble being fuelled by cheap mortgages and government schemes to boost the market.
Spring surge sees average cost of new London home hit �542000  Evening Standard
Average house price now �250000 - NINE times the typical salary  Daily Mail
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