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U.K. markets news

Nick Buckles unexpectedly quits as CEO of G4S
Nick Buckles has unexpectedly quit as chief executive of G4S, the company responsible for the botched handling of security at last year's Olympics.
Nick Buckles quits as boss of G4S  Telegraph.co.uk
Buckles bows out as G4S chief executive  Financial Times
ABC News   Related articles »  
Marks and Spencer announces largest fall in profits in four years as clothing ...
Marks & Spencer's annual profits fell to their lowest level in four years today after clothing sales slumped. Underlying pre-tax profits for 2012/13 were �665.2 million, a fall of 6 per cent on a year earlier and well below City forecasts for �710 million at the ...
Marks & Spencer has made its promises - now the retailer must deliver  Telegraph.co.uk
Pressure on Marks & Spencer Boss as Profit Falls  Wall Street Journal
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Vodafone to reinvest �2.1bn Verizon dividend
Vodafone is to plough a �2.1bn dividend from US telecoms group Verizon back into its business rather than offer shareholders a windfall, after the UK-based mobile operator reported its biggest annual fall in service revenues in five years.
Vodafone revenues hit by southern European slowdown  The Guardian
Vodafone keeps Verizon payout after European weakness  Reuters UK
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Falling petrol prices drive first drop in inflation since September
LONDON | Tue May 21, 2013 9:45am BST. LONDON (Reuters) - Consumer price inflation fell last month for the first time since September, giving incoming Bank of England governor Mark Carney more leeway to support the economy should the recovery ...
UK Inflation Slows More Than Economists Forecast to 2.4%  Bloomberg
Inflation drops sharply in April, down to 2.4% - MyFinances.co.uk  MyFinances.co.uk
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Apple urges reform of US tax system
An Apple store in Hong Kong. A shift to a form of territorial taxation might trigger a wave of reinvestment into the US. Apple's defence against congressional accusations that it has adopted elaborate schemes to avoid taxes on its international profits rests on a ...
Irish government says not to blame for low Apple tax rate  Reuters
Tanaiste says allegations of tax avoidance by Apple 'not an issue' ...  RTE.ie
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David Karp: Tumblr whizzkid set for �164m windfall after sale to Yahoo
A high school dropout will make a massive �164million from selling his website to internet giant Yahoo. David Karp, 26, started Tumblr six years ago, but it is now being snapped up for �720million.
Mom's advice to quit school got Tumblr's founder started  NDTV
Yahoo! redesigns photo-sharing site Flickr  Hindu Business Line
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Chinese love affair with Burberry propels sales to record
The iconic brand, known for its distinctive check pattern, posted an 8pc rise in revenues in the year to March 31, as strong trade in the second half of the year offset weak beginnings.
Asia Growth Lifts Burberry Profit 14%  New York Times
Burberry Lifted by China Performance  Wall Street Journal
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How Local Business Week highlighted issues affecting SMEs
Local Business Week (LBW) drew to a close on Sunday, leaving in its wake several interesting points to consider about the future of the British high street and its thousands of butchers, bakers, candlestick makers - and countless other small businesses.
Cyber crime 'costs small companies �800m a year'  Telegraph.co.uk
Cybercrime could cost small UK firms �785m a year  CRN - UK
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Capita upgrades organic growth forecast for 2013
Tue May 21, 2013 3:00am EDT. LONDON May 21 (Reuters) - British outsourcing firm Capita upgraded its organic growth forecast for 2013 after announcing one of the biggest contract wins in its history, a ten-year deal worth around 1.2 billion pounds ($1.83 ...
Capita preferred bidder for �1.2bn O2 contract  Stock Market Wire
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London shares up again after hitting 12 year high
LONDON - London shares opened higher on Tuesday, lifted by strong mining stocks, after the benchmark FTSE 100 index reached its best level since September 2000 on Monday.
Britain is booming? FTSE reaches 12-year high as record looms  The Guardian
U.K. Stocks Advance as FTSE 100 Extends Five-Year High  Bloomberg
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