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U.K. markets news

Yahoo CEO Marissa Mayer on Tumblr: We Bought Growth
How does Yahoo Inc. Chief Executive Marissa Mayer justify her company's $1.1 billion purchase of blogging site Tumblr? One word: growth.
Yahoo buying Tumblr for $1.1 billion, vows not to screw it up  Reuters UK
Tumblr Deal Was a Private Party, With Few Bankers Invited  New York Times
ABC News   Related articles »  
Cameron Refrains From Talking Tax With Google Chairman Schmidt
U.K. Prime Minister David Cameron held back from discussing the tax affairs of Google Inc. (GOOG) during a meeting with business leaders who included the California-based company's executive chairman, Eric Schmidt.
Google chief Eric Schmidt attends No. 10 summit where his company's ' ...  Daily Mail
Cameron refuses to say if he will quiz Google boss Eric Schmidt over tax  The Guardian
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Oil probe widens to trading houses
The European Commission investigation into the possible manipulation of energy price benchmarks has widened, with Brussels seeking new information from trading houses, including Glencore, following last week's raids on oil majors.
Biggest traders helping EU oil probe, not in it - sources  Reuters UK
Enron No Lesson to Traders as EU Probes Oil-Price Manipulation  Bloomberg
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FirstGroup shares slump by a fifth as troubled bus and train operator announces ...
The struggling bus and train operator FirstGroup tapped investors for �615 million to cut debts and axed the dividend as profits slumped.
FirstGroup blames West Coast fiasco for rights issue  Financial Times
FirstGroup loses more than a fifth of its value after �615m cash call and ...  The Guardian
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Paul Tucker risks row with Chancellor over bank rescue plans
Europe is considering extending protection for �insured� deposits of up to �85,000 to all depositors. Last week, George Osborne attacked the plan, saying it could create �perverse incentives� in the markets.
Deputy Bank of England governor says resolution laws 'essential'  Financial Times
EU law key to ending 'too big to fail' banks: BoE's Tucker  Reuters
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Ernst and Young ITEM Club: Inflation a fact of life for next four years
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 ...
Britain faces years of high inflation  The Independent
Inflation 'may hamper Carney', warns ITEM Club  Telegraph.co.uk
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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 Annual Profit Rises 13%  New York Times
Ryanair Targets Northern Europe  Wall Street Journal
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Marks & Spencer under fire over online tax arrangements
Marks & Spencer has become the latest in a string of UK companies to face criticism from tax campaigners over the way it structures its online sales to Europe - with one describing its sales operation as similar to that of the internet retail giant Amazon.
Tuesday preview: M&S and Vodafone report  ShareCast
Marks & Spencer to post second straight fall in year profit  Reuters UK
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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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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
London's Battersea Development Lures $1 Billion in Home Sales  Bloomberg
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