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U.K. markets news

Tumblr Boosts Tech
New York City in the last five years has seen the creation of hundreds of new technology startups and an infusion of billions of dollars of venture capital funding.
Yahoo-Tumblr deal, the Asia effect  BBC News
Yahoo buying Tumblr for $1.1 billion, vows not to screw it up  Reuters UK
Telegraph.co.uk   Related articles »  
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 ...
FTSE 100 closes at highest level since September 2000  Telegraph.co.uk
Record Ryanair profits push European shares higher  Irish Times
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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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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 focus on short-haul market pays off  BDlive
Ryanair CEO Tantalizes With Talk of Crossing the Pond  Wall Street Journal
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Battersea Power Station project gains $1bn sales
The developers of Battersea Power Station broke through the $1bn (�660m) sales barrier yesterday amid �phenomenal� interest in new flats and townhouses at the London landmark.
Battersea Power Station developer sells more than 800 flats for �675m  The Guardian
Demand at Battersea Power Station site soars as 95pc of properties snapped up  Telegraph.co.uk
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Apple's Web of Tax Shelters Saved It Billions, Panel Finds
WASHINGTON - Even as Apple became the nation's most profitable technology company, it avoided billions in taxes in the United States and around the world through a web of subsidiaries so complex it spanned continents and went beyond anything most ...
Apple Avoided Taxes on Overseas Billions, Senate Panel Finds  Wall Street Journal
Apple 'among largest tax avoiders in US' - Senate committee  BBC News
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EU taps top oil traders for price-fixing information
The European Commission stepped up its investigation into oil price fixing as it sought information from trading houses such as the FTSE 100 giant Glencore.
Oil price manipulation probe turns to trading houses  Telegraph.co.uk
Tougher times for commodities trading titans  Financial Times
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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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Scottish independence: Scotland 'held back by UK governments'
Scotland has been held back by past and present UK governments, Holyrood's SNP administration has claimed. In a paper, to be published later, it cites six areas where Westminster has pursued policies said not to have been in the best interests of Scotland.
Scotland Counters UK's Claims On Independence  Wall Street Journal
Scottish independence could threaten thousands of banking jobs  The Guardian
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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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