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U.K. markets news

Yahoo Refreshes Flickr With a Cleaner Look, Full Terabyte of Storage
It's a big day for Yahoo. A few hours after announcing its $1.1 billion acquisition of Tumblr, Yahoo announced some major updates to its Flickr photo-sharing service.
Yahoo says Tumblr will boost revenue by 2014  BBC News
The Economist explains What is Tumblr?  The Economist (blog)
Financial Times   Related articles »  
Markets: RBS pulls FTSE over pre-crisis peak
The FTSE 100 index edged to its highest close in 12 years yesterday as banks and budget airlines made up for weakness in the mining sector.
Record Ryanair profits push European shares higher  Irish Times
London close: Footsie closes at 12 year highs  ShareCast
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Apple Avoids Most Income Taxes, Panel Finds
The U.S. Senate gets a high-profile visitor this week as Apple CEO Tim Cook will press Congress to simplify corporate tax rates. Marketwatch's Robert Schroeder explains.
Web of Tax Shelters Saved Apple Billions, Inquiry Finds  New York Times
Apple 'tried to find Holy Grail of tax avoidance', US Senate ...  Telegraph.co.uk
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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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Battersea Power Station project gains $1bn sales
The developers of Battersea Power Station broke through the $1bn (�660m) sales barrier yesterday amid �phenomenal� interest in new flats and townhouses at the London landmark.
Battersea Power Station developer sells more than 800 flats for �675m  The Guardian
Demand at Battersea Power Station site soars as 95pc of properties snapped up  Telegraph.co.uk
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Ryanair in talks with Dublin Airport over launch of possible new routes
Ryanair chief executive Michael O'Leary has consistently criticised the Dublin Airport Authority and its predecessor, Aer Rianta, over high charges and aimed a number of broadsides at it and the Department of Transport in its 2012 results statement.
Ryanair seeks more growth amid flag carrier cuts as profit soars  Financial Times
Ryanair CEO Tantalizes With Talk of Crossing the Pond  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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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 ...
Surrey residents pay most income tax as 'regional mismatch' grows  Financial Times
Elmbridge residents paid 200 times more tax than Google  Telegraph.co.uk
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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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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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