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U.K. markets news

Yahoo! CEO Marissa Mayer courts controversy by saying that porn sites can stay ...
Yahoo! CEO Marissa Mayer said that the company does not 'intend' to take down any of the porn-heavy sites that are run on Tumblr after the tech giant acquired the blogging platform for $1.1billion.
Yahoo's rise in Asia offsets risk from Tumblr bet  Reuters
Tumblr Boosts Tech  Wall Street Journal
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London shares reach 12-year high
The FTSE 100 has closed at its highest level for more than 12 years, finishing 32 points up on the day at 6,756. That leaves it just short of the FTSE's all-time highest finish - the level of 6,930 reached in December 1999.
Britain is booming? FTSE reaches 12-year high as record looms  The Guardian
Record Ryanair profits push European shares higher  Irish Times
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Apple 'tried to find Holy Grail of tax avoidance'
The committee, which is made up of senior politicians, on Monday argued that Apple's complex structure includes three Irish-based subsidiaries that appear not be a tax resident anywhere in the world.
Apple Chief Talks Taxes in Pushback to Heat in Washington  Bloomberg
Apple's Web of Tax Shelters Saved It Billions, Panel Finds  New York 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 Targets Northern Europe  Wall Street Journal
Ryanair profits at record high despite fuel cost rise  BBC News
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Battersea Power Station developer sells more than 800 flats for �675m
More than 800 flats in the Battersea Power Station development in London have been sold for �675m. The owners of the Grade II listed power station, which has lain dormant since it stopped generating electricity in 1983 despite numerous outlandish ...
Demand at Battersea Power Station site soars as 95pc of properties snapped up  Telegraph.co.uk
Battersea Power Station project gains $1bn sales  The Independent
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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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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
Troubled FirstGroup announces rights issue as chairman Martin Gilbert steps down  Telegraph.co.uk
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Tougher times for commodities trading titans
After a decade of booming profits, the commodities trading titans are facing headwinds. That, in a nutshell, is one of the key takeaways of the 360-page maiden bond prospectus from oil trader Gunvor.
Oil price manipulation probe turns to trading houses  Telegraph.co.uk
EU Widens Probe Into Energy Pricing  Wall Street Journal
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Jobs go as electricals unit closure costs Mitie �22m
OUTSOURCING specialist Mitie yesterday revealed that closing down its mechanical and electrical (M&E) engineering contracts arm will cost it �22.1 million.
Mitie exits mechanical and engineering contracting business  Financial Times
Mitie chief in anger over Government delays to energy projects  This is Money
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