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Highlights

TECHNOLOGY 11:40pm

Yahoo buys start-up Tumblr for $1bn

The splash page for Yahoo and Tumbler on an iPhone

Move is first big bet by new CEO Marissa Mayer

RETAIL & CONSUMER 5:59pm

H&M rethinks sourcing policy

Move follows factory deaths in Bangladesh

The Monday Interview Karl-Johan Persson, H&M chief
H&M calls for increases in Bangladesh pay

From PERSONAL FINANCE 6:59pm

Apple faces grilling over US tax rate

Accounting boosted tech group’s payment from 15% to 25%

Ex-employee set to reveal Google’s tax plans
Aswath Damodaran Apple is perfectly rational

TRANSPORT 8:41am

FirstGroup group chairman to step down

Transport group confirms board shake-up and rights issue

FINANCIALS 10:05pm

US fund Monarch to open office in London

Chief sees ‘attractive’ opportunity to invest

More news

The Monday Interview: Karl-Johan Persson

Karl-Johan Persson, CEO H&M, in Stockholm Sweden.

©Johan Jeppsson

Grandson of the founder of Sweden’s H&M says price is not the only way to judge a company

FINANCIALS 7:37pm

Low rates fail to spur M&A boom

Companies look to yield markets to refinance and pay dividends

Eni CEO Paolo Scaroni

©AFP ENERGY 7:16pm

Tough oil pricing ahead, says Eni chief

Group identifies Asia as main target in future plans

FINANCIALS 9:10pm

Asian groups stump up for European assets

Rush for companies more than doubles price multiples

Hermes bags

©Bloomberg LUXURY 360 4:07pm

Report points to LVMH operation on Hermès

Leaked document from regulator says group built stake in rival

LVMH may face sanctions over Hermès stake

Ricardo Salgado, chief executive officer of Banco Espirito Santo SA, speaks during a news conference in Lisbon, Portugal

©Bloomberg FINANCIALS 8:50pm

Portuguese banks seek cures for capital woes

Weak local economy threatens chances of survival

The Top Line Short-term pain, long-term gain
Carmakers help drive European stocks up

Multimedia

beyondbrics

Laborers work on a construction site in Beijing, China

©Bloomberg China’s property market is suddenly looking a whole lot hotter, says Simon Rabinovitch

Video

Ocado shares leapt 29% on news of its deal to take Morrisons into online groceries

Interactive

Facebook founder, Chairman and CEO Mark Zuckerberg

©AP Explore the key events as Facebook’s first year as a public company draws to a close

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EDITOR’S CHOICE

on monday

John Authers

John Authers: Market optimism hard to explain

analysis

Weird computer

©Alamy Chinese cyber crime: More crooks than patriots

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