By Alexei Oreskovic and Jennifer Saba. Mon May 20, 2013 4:28pm BST. (Reuters) - Yahoo Inc said it is buying blogging service Tumblr for $1.1 billion (722.3 million pounds) cash, giving the struggling Internet pioneer a much-needed platform in social media ...

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.

The FTSE 100 has been trading at a fresh five and a half year high close to the end of the session at one point hitting 6754.79 beating the last highest benchmark of 6540.10, which was achieved in July 2007.

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.

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.

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 ...

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.

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.

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 ...

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.