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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 targets mobile users with $1.1bn Tumblr deal  Financial Times
Yahoo buying Tumblr for $1.1 billion, vows not to screw it up  Reuters UK
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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 loses more than a fifth of its value after �615m cash call and ...  The Guardian
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FTSE Live: Shares edge to new 51/2 year high on better data from the US and ...
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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Oil probe widens to trading houses
The European Commission investigation into the possible manipulation of oil price benchmarks has widened, with Brussels seeking now information from trading houses, including Glencore, following last week's raids on oil majors.
Enron No Lesson to Traders as EU Probes Oil-Price Manipulation  Bloomberg
Oil price probe widens, US senator wants Justice Department help  Reuters UK
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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 cautious despite record year as profits hit �651m  Financial Times
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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 ...
High inflation cost the UK economy �10bn, report says  BBC News
Britain faces years of high inflation  The Independent
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David Cameron told to stop moralising to multinationals over tax
The president of the CBI is delivering a firm message from some of Britain's largest employers to David Cameron, calling on him to stop "moralising" on how multinational corporations should be taxed.
Isle of Man Treasury: "We are not a tax haven"  BBC News
David Cameron's call to tackle tax avoidance  Telegraph.co.uk
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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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High pig prices challenge Cranswick
Rising pig prices posed the biggest challenge for Cranswick (CRK) last year - although the food producer offset much of this pressure through pricing, operational efficiencies, increased capacity and new business.
Cranswick brings home the bacon  Telegraph.co.uk
The Week Ahead: Cranswick fattens as pigs start to pay  The Independent
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