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Citywire Investment News

• Martin Gilbert steps down as FirstGroup chair amid shareholder unrest
  Mon, 20 May 2013 08:16:50 +0100
  Martin Gilbert is to step down as chairman of transport firm at 17 years in the role as it launches a £615 million rights issue to help clear its mounting debt.
  

• Fund managers may be forced to put 50% of bonus in own funds
  Mon, 20 May 2013 08:16:32 +0100
  Fund managers could be forced to put half of their bonus into their own funds under new rules being drawn up by Brussels.
  

• Polar Capital launches financials trust for ex-New Star man
  Mon, 20 May 2013 07:54:37 +0100
  Polar Capital is launching a trust designed to take advantage of the improved conditions in the financials sector for former New Star manager Nick Brind.
  

• The Expert View: Babcock, Petrofac and Pearson
  Mon, 20 May 2013 05:01:00 +0100
  A roundup of some of the best analyst commentary on shares, also including Invensys and Centaur Media. 
  

BBC Business News

• FirstGroup plans £600m rights issue
  Mon, 20 May 2013 08:11:50 GMT
  Transport company FirstGroup has announced a £615m rights issue in a bid reduce its debt after its full year profit dropped by over a third.
  

• Ryanair profits at record high
  Mon, 20 May 2013 06:57:03 GMT
  Discount airline Ryanair reports record full-year profits and rising revenues despite soaring fuel costs, but hits out at "bizarre" EU takeover decision.
  

• Business leaders attack Eurosceptics
  Mon, 20 May 2013 04:25:00 GMT
  A number of prominent business leaders accuse those calling for Britain to leave the European Union of "putting politics before economics".
  

• PM warns overseas territories on tax
  Mon, 20 May 2013 01:41:17 GMT
  David Cameron has called on British overseas territories to "get their house in order" and sign up to international treaties on tax.
  

BBC News

• We need to keep Bale - Villas-Boas
  Mon, 20 May 2013 08:20:39 GMT
  Tottenham boss Andre Villas-Boas says it is vital the club keep star player Gareth Bale if they are to improve next season.
  

• Multiple car bomb attacks hit Iraq
  Mon, 20 May 2013 08:16:32 GMT
  At least 26 people are killed by car bombs in the Iraqi cities of Baghdad and Basra, police and medical officials say.
  

• China asks N Korea to free boat crew
  Mon, 20 May 2013 08:14:10 GMT
  China says it has called on North Korea to secure the release of a fishing boat and its crew seized on 5 May, as captors reportedly demand a ransom.
  

• Second body found after house blast
  Mon, 20 May 2013 08:13:44 GMT
  A man and a woman are found dead at the scene of a suspected gas explosion at a Nottinghamshire house.