Mon May 20, 2013 2:08pm BST. (Reuters) - Yahoo Inc said it is acquiring blogging service Tumblr for $1.1 billion (723.5 million pounds) cash, a bold bet by Chief Executive Marissa Mayer to revitalize the struggling Internet pioneer by co-opting a Web property ...
Back in the eurozone, the Slovenian government has announced that it will begin its much-anticipated privatisation programme in September, in a bid to avoid seeking a bailout.
LONDON | Mon May 20, 2013 12:50pm BST. LONDON (Reuters) - British retailer Marks & Spencer is expected to report its lowest annual profit in four years on Tuesday as a struggling general merchandise division drags on the growth in food sales.
Retail sales increased at their fastest pace since December 2009 in a surprisingly upbeat set of data from the British Retail Consortium helped by sales of electronic items.
The Ernst & Young Item Club, which makes economic forecasts using the Treasury's own methods, says inflation has cost the UK �10bn over the last three years alone.