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Facebook shares see modest debut

BBC News -
Facebook shares ended their first day of trading at $38.23, barely above the company's initial pricing of $38. Shares in the social network rose more than 10% to $42 within minutes of trade beginning, before quickly falling back.
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TelegraphTV
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Mid-Day
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Eurozone crisis: high-stakes gamble as David Cameron warns Greek voters

The Guardian -
A second Greek vote next month backing parties opposed to the European Union's bailout package would be a decisive vote to leave the euro for which contingency plans have to be made now, David Cameron warned on Sunday in a dramatic raising of the ...

New UK recession would cause "permanent damage" says OBR's Chote

MyFinances.co.uk -
Holland and Italy have gone into recession, new figures show. Germany's economy also contracted in the fourth quarter of 2011 for the first time in two years.

Call for single 30% income tax rate

The Press Association -
A single 30% rate of income tax and further public spending cuts are needed to boost growth, according to a report backed by a campaign group and business leaders.

Profit fall to hit M&Sstaff bonuses

The Independent -
Marks & Spencer is expected to slash its bonus for nearly 80000 staff after it posts its first fall in annual profits for three years this week.

Spain to pick bank audit firms on Monday: PM

AFP -
CHICAGO - Spain will pick on Monday two independent auditing firms that will look at how deeply the country's banks are exposed to the collapsed real estate sector, the prime minister said on Sunday.

Investors seek tighter UK listing rules

Financial Times -
By Simon Mundy Asset managers are putting UK regulators under pressure to tighten standards on listings, warning that standards of corporate governance have been compromised by some new entrants to the London Stock Exchange.

East Yorkshire pig farmers' offal-y good deal with China

This is Hull and East Riding -
THEY are the bits of a pig that are not usually available in East Yorkshire's supermarkets. Trotters, tails, ears and some offal normally go in the waste bin because they do not appeal to British tastes.

Northern Ireland among 'possible UK spaceport locations'

BBC News -
Northern Ireland could be considered among possible locations for the UK's first spaceport, according to a new report into the UK space industry.

Posen to step down from Bank of England

Financial Times -
By Chris Giles Adam Posen, the vocal external member of the Monetary Policy Committee, will step down from the Bank of England in August to lead the US's Peterson Institute for International Economics.

National Audit Office tots up Northern Rock tab

ShareCast -
LONDON (SHARECAST) - The Northern Rock lifeboat that will stand as an abiding memory of the beginning of the financial crisis in 2007 could cost up to 2bn sterling.

Rainfall dampens desire for drinkers to head out

nebusiness.co.uk -
by Iain Laing, The Journal THE owner of some of Britain's best-known pubs revealed a sharp slowdown in sales as persistent rainfall dampened punters' desire to head out.

Another High Street collapse: 3000 job losses as Clinton Cards announces ...

Daily Mail -
By Sean Poulter The firm of administrators brought in to run the businesses after it was unable to repay loans totalling £35million announced the decision this afternoon.

Even the 'Grexit' might not solve Greece's currency woes

Telegraph.co.uk (blog) -
By Robert Colvile World Last updated: May 18th, 2012 With every day that passes, it looks more likely that Greece will crash out of the euro.

It 'beggars belief' - £52m of unpaid child support in Bristol

This is Bristol -
BARELY a quarter of the £52 million owed by absent parents in the Bristol area will be collected, a report warns today. MPs say it "beggars belief" that so much child maintenance is being written off, with parents left frustrated at not being paid the ...

Remploy bidders offered wage subsidy

The Guardian -
Employers who take over any of the 36 state-owned Remploy factories facing closure will be offered a short-term subsidy of up to a third of the wages of the units' disabled workers, the government has announced.

Jubilee in store: John Lewis enjoys celebrations

Scotsman -
By SCOTT REID JOHN Lewis is enjoying a sales boost amid the run-up to the Diamond Jubilee celebrations, helping it to another double-digit rise in weekly trade.

'Depositors' money in Santander is protected up to £85000'

Telegraph.co.uk -
As customers with large deposits start withdrawing cash from Santander over worries that the the bank will be dragged into the eurozone crisis because it is owned by Spain's Banco Santander, the Chief Executive of the Financial Services Compensation ...

Northern Ireland's licensing laws need shaken up: Lord Mayor Niall O'Donnghaile

Belfast Telegraph -
By Claire McNeilly The Lord Mayor of Belfast has said it is time to rethink the licensing laws in Northern Ireland so that the province can compete with its UK and European counterparts.

Fears for 1000 jobs as Coryton could close

Basildon Recorder -
The future of nearly 1000 jobs at the Coryton oil refinery in Stanford-le-Hope are in doubt after reports it could close. Still no buyer has been found for the plant off the Manorway, despite a three-month deadline to find one expiring earlier this ...

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