The struggling bus and train operator FirstGroup tapped investors for �615 million to cut debts and axed the dividend as profits slumped.

Yahoo has agreed a deal to buy New York-based blogging service Tumblr for $1.1bn (�725m; 857m euros) in cash. Yahoo's chief executive Marissa Mayer said that as part of its promise "not to screw it up", Tumblr would operate independently.

In the tech/corporate world, Yahoo! just confirmed that it has agreed to pay $1.1bn for Tumblr, and promised not to "screw it up".

LONDON | Mon May 20, 2013 12:50pm BST. LONDON (Reuters) - British retailer Marks & Spencer is expected to report its lowest annual profit in four years on Tuesday as a struggling general merchandise division drags on the growth in food sales.

David Cameron will not challenge Google's tax avoidance at a meeting with the web firm's chief executive today. Bizarrely the Prime Minister will brief business advisors on his plans for tackling global tax dodging but will not challenge Eric Schmidt over its ...

Helped by the warmer weather, footfall on the high-street rose 3.4pc year-on-year in April, the biggest increase since the run-up to Chrismtas in 2011.

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.

High inflation hindering growth in UK, says report LONDON (SHARECAST) - A leading forecaster said high inflation has cost the UK economy 10bn pounds over the past three years.

Europe has demanded that all depositors be given preferential treatment over debt holders in the event of a bank collapse, in contrast to Britain's statutory position that the protection is limited only to �insured� deposits of up to �85,000.

The price of a new home in London soared by almost 7 per cent in April as first-time buyers fought to get on to the property ladder.