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U.K. markets news

Yahoo says Tumblr will boost revenue by 2014
Yahoo says its $1.1bn (�723m; 857m euros) purchase of blogging platform Tumblr will boost its revenue as soon as 2014. Yahoo's chief financial officer, Ken Goldman, made the claim during a call with analysts, although he did not give firm numbers.
Yahoo vows not to 'screw up' Tumblr as bloggers get nervous  Financial Times
Tumblr deal will allow Yahoo to compete in mobile apps  Telegraph.co.uk
The Guardian   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 ...
Now FTSE hits 13-year high as traders buy in to 'modest recovery' in ...  Daily Mail
U.K. Stocks Advance as FTSE 100 Extends Five-Year High  Bloomberg
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Apple denies using 'tax gimmicks'
Apple on Monday sought to pre-empt accusations of tax avoidance from an influential US Senate committee, publishing its written submission to the committee the day before Tim Cook, chief executive, was due to testify.
With 'complex web' of offshore entities, Apple avoids taxes: Senate  Washington Post
Apple accused of 'highly questionable' billion-dollar tax avoidance ...  The Guardian
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Tougher tax rules would cost jobs, minister warns
The backlash against corporate tax avoidance could end up costing the country jobs and investment, a Treasury minister has warned, as David Cameron outlined plans for international action on closing loopholes at a meeting with Eric Schmidt, Google's ...
Camerons avoids taxing questions for Google boss despite new whistleblower  The Independent
Cameron refuses to say if he will quiz Google boss Eric Schmidt over tax  The Guardian
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Rights issue plan derails FirstGroup
Shares in FirstGroup plunged 30 per cent on Monday as investors balked at a �615m rights issue and the scrapping of its dividend.
Troubled FirstGroup announces rights issue as chairman Martin Gilbert steps down  Telegraph.co.uk
FirstGroup shares plunge after rights issue and sharp fall in profits  The Guardian
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Economy has lost �10billion to high inflation over the last three years, says ...
High inflation has cost the economy �10billion over the last three years, according to Ernst & Young. The accountants warn households face spiralling energy and food bills and rail fares.
Britain faces years of high inflation  The Independent
Inflation 'may hamper Carney', warns ITEM Club  Telegraph.co.uk
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Ryanair profits at record high and aims to double short-haul European flight ...
Ryanair wants to more than double its share of the European short-haul market to 20 per cent in the next five years. The target was revealed as the budget carrier brushed off higher fuel costs to post a record annual profit of �569 million.
Ryanair seeks more growth amid flag carrier cuts as profit soars  Financial Times
Ryanair Targets Northern Europe  Wall Street Journal
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Sainsbury caught out over salmon labelling
To the uninitiated, there may not seem to be much difference between a salmon reared in Loch Fyne or the Hebrides. Yet, J Sainsbury was on Monday forced to apologise for mixing up the two areas of western Scotland in a labelling error that highlights ...
Sainsbury's admit Scottish salmon labelling error  BBC News
Sainsbury's admit 'mislabelling' Scottish salmon  Scotsman
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Two in three families plan a summer staycation boosting UK tourism to �12billion
Two-thirds of British families will holiday in the UK this summer amid a cost of living squeeze that means a foreign holiday is a luxury that will have to be sacrificed.
'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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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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