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U.K. markets news

Yahoo-Tumblr deal: Internet giant promises not to 'screw it up' over $1.1bn deal
Yahoo promised "not to screw it up" as it formally announced its acquisition of the Tumblr blogging platform for $1.1bn ahead of the US stock market opening on Monday.
Yahoo buying Tumblr for $1.1 billion, vows not to screw it up  Reuters UK
Yahoo's recruits Tubmlr's billion-dollar visionary: David Karp profile  Telegraph.co.uk
Financial Times   Related articles »  
FirstGroup blames West Coast fiasco for rights issue
The fallout from last year's West Coast mainline fiasco was the �final straw� that forced FirstGroup to launch a heavily discounted rights issue on Monday, according to its chief executive.
FirstGroup shares slump by a fifth as troubled bus and train operator ...  The Independent
FirstGroup stock hit by rights issue and profit drop  BBC News
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FTSE LIVE: Shares hold onto gains on better data from the US and Japan
Shares in London remain in positive territory despite an earlier dip over fears the US Federal Reserve may be preparing to ease its quantitative easing programme sooner than anticipated.
FTSE holds steady near 5-1/2 year peaks  Reuters UK
FTSE 100 on course for best level since 2000  The Guardian
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Tuesday preview: M&S and Vodafone report
Tuesday preview: M&S and Vodafone report LONDON (SHARECAST) - Marks & Spencer (M&S) and Vodafone are expected to make waves Tuesday when they release their full-year results.
Marks & Spencer under fire over online tax arrangements  The Guardian
Marks & Spencer to post second straight fall in year profit  Reuters UK
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Inflation a fact of life for next four years at least warns ITEM Club
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 ...
High inflation cost the UK economy �10bn, report says  BBC News
Britain faces years of high inflation  The Independent
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Ryanair Targets Northern Europe
LONDON�Budget carrier Ryanair Holdings PLC is targeting expansion in Northern Europe as it pursues an ambitious growth strategy with plans to increase traffic by 25% over the next five years.
Ryanair Annual Profit Rises 13%  New York Times
Ryanair Boosts Full-Year Profit as 217 New Routes Spur Sales (2)  Businessweek
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US HOT STOCKS: Websense, Acquity Group, JA Solar, Actavis, OSI Systems
U.S. stocks were trading mixed Monday, as the Dow Jones Industrial Average recently shed 11 points to 15343, the Standard & Poor's 500-stock index added a point to 1668, and the Nasdaq Composite climbed six points to 3505.
Actavis to acquire Warner Chilcott in $5bn pharmaceutical deal  Financial Times
Actavis to buy Warner Chilcott for up to $8.5bn  BBC News
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Google chief Eric Schmidt attends No. 10 summit where his company's 'evil' tax ...
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 ...
Cameron refuses to say if he will quiz Google boss Eric Schmidt over tax  The Guardian
Martin Lewis on Amazon, Google and Starbucks UK taxes  BBC News
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Spring surge sees average cost of new London home hit �542000
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.
Average house price now �250000 - NINE times the typical salary  Daily Mail
Average London house price rockets past �500000  The Guardian
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Demand at Battersea Power Station site soars as 95pc of properties snapped up
The Battersea Power Station Development Company said on Monday that it had exchanged contracts for almost 95pc - or 818 out of the 866 units up for sale.
Battersea Power Station flats sales break $1 billion barrier  Evening Standard
London's Battersea Development Lures $1 Billion in Home Sales  Bloomberg
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