The shares tumbled 20.5pc to 177.9p as the group announced the rights issue alongside its full year results on Monday, which showed that pre-tax profits plunged 87pc to �37.2m last year.

Annual profits at no frills airline Ryanair (LON:RYA) have reached a record high, sparking a 6% rise in the share price to 6.7p. Profits were �569mln, up from �503mln in the previous year, on revenues of �4.9bn, up 13%.

Big name chain failures push up shopping centre and retail park store closures, with almost one in eight UK shopfronts now empty. 10:15am UK, Monday 20 May 2013.

Not quite a year after arriving at Yahoo! from Google, chief executive Marissa Mayer has apparently persuaded her board to approve the purchase of Tumblr - the go-to website for legions of young bloggers and internet sharers - for $1.1bn in cash, despite it ...

Households are facing a continued squeeze on their spending power after a leading forecaster warned that high inflation was here to stay.

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.

Some of Britain's most successful and eminent business leaders have accused Eurosceptic MPs of putting �politics before economics� and abandoning the national interest in their calls for Britain to leave the European Union.

... Off. � UK business chiefs say 'we need to stay in EU' � Sir Mervyn King: stop 'demonising' bankers � FTSE 100 hits fresh post-2007 high � Yahoo agrees to buy Tumblr for $1.1bn � FirstGroup launches rights issue as profits crash � Google chief criticises ...

Financial information service Markit said its household finance index, a monthly gauge of consumer behaviour, rose to 40.4 in May from 37.7 in April.

In a further indication that activity is lifting, Rightmove said traffic levels to its website have risen by more than one fifth compared with a year ago, with property hunters getting through 1.25 billion pages in April, which is a record for the website.