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The latest business news from The Times and Sunday Times
News Corp reaches for the Sky with takeover offer
News Corporation, the media group headed by Rupert Murdoch, confirmed this morning that it had made an offer to take full control of BSkyB, the satellite broadcaster in which it has a 39 per cent stake.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2cb1ef/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199141013/u/0/f/440135/c/32313/s/187478511/kg/63-65/a2.htm"><img src="http://da.feedsportal.com/r/73199141013/u/0/f/440135/c/32313/s/187478511/kg/63-65/a2.img" border="0"/></a>
News Corporation, the media group headed by Rupert Murdoch, confirmed this morning that it had made an offer to take full control of BSkyB, the satellite broadcaster in which it has a 39 per cent stake.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2cb1ef/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199141013/u/0/f/440135/c/32313/s/187478511/kg/63-65/a2.htm"><img src="http://da.feedsportal.com/r/73199141013/u/0/f/440135/c/32313/s/187478511/kg/63-65/a2.img" border="0"/></a>
China primes house tax to halt runaway prices
China is considering a wealth tax on homeowners as it grasps at new weapons to halt a frantic rise in property prices that many fear poses the biggest threat to the Chinese economy.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a7/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284049/u/0/f/440135/c/32313/s/187250599/kg/43-63-67/a2.htm"><img src="http://da.feedsportal.com/r/73199284049/u/0/f/440135/c/32313/s/187250599/kg/43-63-67/a2.img" border="0"/></a>
China is considering a wealth tax on homeowners as it grasps at new weapons to halt a frantic rise in property prices that many fear poses the biggest threat to the Chinese economy.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a7/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284049/u/0/f/440135/c/32313/s/187250599/kg/43-63-67/a2.htm"><img src="http://da.feedsportal.com/r/73199284049/u/0/f/440135/c/32313/s/187250599/kg/43-63-67/a2.img" border="0"/></a>
Business big shot: Steve Wiener
It is a dilemma familiar to anyone still clinging to analogue radios or cathode-ray televisions: pay to go digital or wait until prices drop?<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a6/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284048/u/0/f/440135/c/32313/s/187250598/kg/6-27-39-40-63/a2.htm"><img src="http://da.feedsportal.com/r/73199284048/u/0/f/440135/c/32313/s/187250598/kg/6-27-39-40-63/a2.img" border="0"/></a>
It is a dilemma familiar to anyone still clinging to analogue radios or cathode-ray televisions: pay to go digital or wait until prices drop?<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a6/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284048/u/0/f/440135/c/32313/s/187250598/kg/6-27-39-40-63/a2.htm"><img src="http://da.feedsportal.com/r/73199284048/u/0/f/440135/c/32313/s/187250598/kg/6-27-39-40-63/a2.img" border="0"/></a>
Business briefing: old guard pin hopes on new media
Traditional media, from television to newspapers, is pinning its hopes for a recovery in advertising on mobile devices such as the iPad and on the spread of high-speed broadband.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a5/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284047/u/0/f/440135/c/32313/s/187250597/kg/6-27-39-40-63-67-68/a2.htm"><img src="http://da.feedsportal.com/r/73199284047/u/0/f/440135/c/32313/s/187250597/kg/6-27-39-40-63-67-68/a2.img" border="0"/></a>
Traditional media, from television to newspapers, is pinning its hopes for a recovery in advertising on mobile devices such as the iPad and on the spread of high-speed broadband.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a5/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284047/u/0/f/440135/c/32313/s/187250597/kg/6-27-39-40-63-67-68/a2.htm"><img src="http://da.feedsportal.com/r/73199284047/u/0/f/440135/c/32313/s/187250597/kg/6-27-39-40-63-67-68/a2.img" border="0"/></a>
Cowdery lays down his challenge to the banks
Clive Cowdery appears to have confounded the sceptics once again.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a4/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284046/u/0/f/440135/c/32313/s/187250596/kg/43/a2.htm"><img src="http://da.feedsportal.com/r/73199284046/u/0/f/440135/c/32313/s/187250596/kg/43/a2.img" border="0"/></a>
Clive Cowdery appears to have confounded the sceptics once again.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a4/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284046/u/0/f/440135/c/32313/s/187250596/kg/43/a2.htm"><img src="http://da.feedsportal.com/r/73199284046/u/0/f/440135/c/32313/s/187250596/kg/43/a2.img" border="0"/></a>
Row over bank card and credit card charges
Banks are making hundreds of millions of pounds a year and pushing up prices on the high street by levying “unjustifiably high” fees on credit and debit card sales, retailers will say today.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a3/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284045/u/0/f/440135/c/32313/s/187250595/kg/38-43-67-68/a2.htm"><img src="http://da.feedsportal.com/r/73199284045/u/0/f/440135/c/32313/s/187250595/kg/38-43-67-68/a2.img" border="0"/></a>
Banks are making hundreds of millions of pounds a year and pushing up prices on the high street by levying “unjustifiably high” fees on credit and debit card sales, retailers will say today.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a3/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284045/u/0/f/440135/c/32313/s/187250595/kg/38-43-67-68/a2.htm"><img src="http://da.feedsportal.com/r/73199284045/u/0/f/440135/c/32313/s/187250595/kg/38-43-67-68/a2.img" border="0"/></a>
Dana Petroleum acquires PetroCanada Netherlands
Dana Petroleum paid £270 million for PetroCanada Netherlands yesterday, it’s biggest-ever acquisition.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a2/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284044/u/0/f/440135/c/32313/s/187250594/a2.htm"><img src="http://da.feedsportal.com/r/73199284044/u/0/f/440135/c/32313/s/187250594/a2.img" border="0"/></a>
Dana Petroleum paid £270 million for PetroCanada Netherlands yesterday, it’s biggest-ever acquisition.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a2/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284044/u/0/f/440135/c/32313/s/187250594/a2.htm"><img src="http://da.feedsportal.com/r/73199284044/u/0/f/440135/c/32313/s/187250594/a2.img" border="0"/></a>
Virgin ready for shoot-out with internet gaming giants
With titles such as Command and Conquer and Resident Evil, Virgin was regarded as one of the cooler geeks in computer games during the 1990s.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a0/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284043/u/0/f/440135/c/32313/s/187250592/a2.htm"><img src="http://da.feedsportal.com/r/73199284043/u/0/f/440135/c/32313/s/187250592/a2.img" border="0"/></a>
With titles such as Command and Conquer and Resident Evil, Virgin was regarded as one of the cooler geeks in computer games during the 1990s.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a0/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284043/u/0/f/440135/c/32313/s/187250592/a2.htm"><img src="http://da.feedsportal.com/r/73199284043/u/0/f/440135/c/32313/s/187250592/a2.img" border="0"/></a>
Economy may never recover from banking crisis, warns OBR
The economy, more damaged by the banking crisis than previously admitted, will grow more weakly and may never fully recover, the new Office for Budget Responsibility (OBR) said yesterday.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b29379f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284042/u/0/f/440135/c/32313/s/187250591/kg/43-63-67/a2.htm"><img src="http://da.feedsportal.com/r/73199284042/u/0/f/440135/c/32313/s/187250591/kg/43-63-67/a2.img" border="0"/></a>
The economy, more damaged by the banking crisis than previously admitted, will grow more weakly and may never fully recover, the new Office for Budget Responsibility (OBR) said yesterday.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b29379f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284042/u/0/f/440135/c/32313/s/187250591/kg/43-63-67/a2.htm"><img src="http://da.feedsportal.com/r/73199284042/u/0/f/440135/c/32313/s/187250591/kg/43-63-67/a2.img" border="0"/></a>
Cowdery goes it alone to cut banks’ fees
Clive Cowdery’s Resolution is close to securing a ground-breaking deal to slash investment bank underwriting fees on a rights issue to fund a £2.75 billion acquisition of Axa’s UK life business.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b29379d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284041/u/0/f/440135/c/32313/s/187250589/kg/6-27-38-39-40-43-63-67/a2.htm"><img src="http://da.feedsportal.com/r/73199284041/u/0/f/440135/c/32313/s/187250589/kg/6-27-38-39-40-43-63-67/a2.img" border="0"/></a>
Clive Cowdery’s Resolution is close to securing a ground-breaking deal to slash investment bank underwriting fees on a rights issue to fund a £2.75 billion acquisition of Axa’s UK life business.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b29379d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284041/u/0/f/440135/c/32313/s/187250589/kg/6-27-38-39-40-43-63-67/a2.htm"><img src="http://da.feedsportal.com/r/73199284041/u/0/f/440135/c/32313/s/187250589/kg/6-27-38-39-40-43-63-67/a2.img" border="0"/></a>
FSA calls Sir Fred Goodwin to account over RBS unravelling
Sir Fred Goodwin has been summoned by the Financial Services Authority to answer questions about Royal Bank of Scotland’s management in the run up to its near-collapse in October 2008.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b29379c/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284040/u/0/f/440135/c/32313/s/187250588/kg/6-38-39-43-63-67/a2.htm"><img src="http://da.feedsportal.com/r/73199284040/u/0/f/440135/c/32313/s/187250588/kg/6-38-39-43-63-67/a2.img" border="0"/></a>
Sir Fred Goodwin has been summoned by the Financial Services Authority to answer questions about Royal Bank of Scotland’s management in the run up to its near-collapse in October 2008.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b29379c/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284040/u/0/f/440135/c/32313/s/187250588/kg/6-38-39-43-63-67/a2.htm"><img src="http://da.feedsportal.com/r/73199284040/u/0/f/440135/c/32313/s/187250588/kg/6-38-39-43-63-67/a2.img" border="0"/></a>
‘A disloyal, dishonest, criminal cheat’ – bank boss denounces rogue trader
Jérôme Kerviel, the rogue trader accused of losing almost €5 billion, was denounced by a former boss as criminal, dishonest, disloyal and a cheat at his trial in Paris yesterday.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b29379e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284039/u/0/f/440135/c/32313/s/187250590/kg/38-43-63-67/a2.htm"><img src="http://da.feedsportal.com/r/73199284039/u/0/f/440135/c/32313/s/187250590/kg/38-43-63-67/a2.img" border="0"/></a>
Jérôme Kerviel, the rogue trader accused of losing almost €5 billion, was denounced by a former boss as criminal, dishonest, disloyal and a cheat at his trial in Paris yesterday.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b29379e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199284039/u/0/f/440135/c/32313/s/187250590/kg/38-43-63-67/a2.htm"><img src="http://da.feedsportal.com/r/73199284039/u/0/f/440135/c/32313/s/187250590/kg/38-43-63-67/a2.img" border="0"/></a>
Vantis shares suspended amid survival fears
The crisis surrounding Vantis, the AIM-listed accountancy firm, deepened today as the group asked for trading in its shares to be suspended amid doubts over its ability to survive.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b272f0f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199211851/u/0/f/440135/c/32313/s/187117327/kg/43-67/a2.htm"><img src="http://da.feedsportal.com/r/73199211851/u/0/f/440135/c/32313/s/187117327/kg/43-67/a2.img" border="0"/></a>
The crisis surrounding Vantis, the AIM-listed accountancy firm, deepened today as the group asked for trading in its shares to be suspended amid doubts over its ability to survive.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b272f0f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199211851/u/0/f/440135/c/32313/s/187117327/kg/43-67/a2.htm"><img src="http://da.feedsportal.com/r/73199211851/u/0/f/440135/c/32313/s/187117327/kg/43-67/a2.img" border="0"/></a>
OBR slashes economic growth forecasts
Q&A: what is the Office for Budgetary Responsibility? LIVE: question to the experts on inflation<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b26f9ff/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199099528/u/0/f/440135/c/32313/s/187103743/kg/6/a2.htm"><img src="http://da.feedsportal.com/r/73199099528/u/0/f/440135/c/32313/s/187103743/kg/6/a2.img" border="0"/></a>
Q&A: what is the Office for Budgetary Responsibility? LIVE: question to the experts on inflation<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b26f9ff/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199099528/u/0/f/440135/c/32313/s/187103743/kg/6/a2.htm"><img src="http://da.feedsportal.com/r/73199099528/u/0/f/440135/c/32313/s/187103743/kg/6/a2.img" border="0"/></a>
BP shares dive amid US senators’ £20bn escrow plan
Read how BP managers face years in jail and how America snubbed British offer of help with spill at The Times's new website<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b26fa00/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199099527/u/0/f/440135/c/32313/s/187103744/kg/43-45/a2.htm"><img src="http://da.feedsportal.com/r/73199099527/u/0/f/440135/c/32313/s/187103744/kg/43-45/a2.img" border="0"/></a>
Read how BP managers face years in jail and how America snubbed British offer of help with spill at The Times's new website<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b26fa00/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199099527/u/0/f/440135/c/32313/s/187103744/kg/43-45/a2.htm"><img src="http://da.feedsportal.com/r/73199099527/u/0/f/440135/c/32313/s/187103744/kg/43-45/a2.img" border="0"/></a>
TfL cashes in and checks out of Shard
Transport for London will abandon its plans to move into the Shard at London Bridge after a deal that allows the skyscraper’s owners to find tenants willing to pay a much higher rent.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a1/mf.gif' border='0'/>
Transport for London will abandon its plans to move into the Shard at London Bridge after a deal that allows the skyscraper’s owners to find tenants willing to pay a much higher rent.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2937a1/mf.gif' border='0'/>
Shareholders plug into Grid fundraiser
Investors have given the thumbs up to the biggest rights issue by a British utility.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b272f10/mf.gif' border='0'/>
Investors have given the thumbs up to the biggest rights issue by a British utility.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b272f10/mf.gif' border='0'/>
Resolution in talks with AXA for life unit
Resolution, the insurance buyout vehicle, detailed its plans today to acquire the majority of AXA's £2.75 billion life assurance division.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b272f0e/mf.gif' border='0'/>
Resolution, the insurance buyout vehicle, detailed its plans today to acquire the majority of AXA's £2.75 billion life assurance division.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b272f0e/mf.gif' border='0'/>
Vince Cable backs break-up of big banks
Vince Cable, the Business Secretary, has given official backing to recommendations that call for investment banks to be broken up.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b236e6e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199108648/u/0/f/440135/c/32313/s/186871406/kg/6-27-38-39-40-43-63/a2.htm"><img src="http://da.feedsportal.com/r/73199108648/u/0/f/440135/c/32313/s/186871406/kg/6-27-38-39-40-43-63/a2.img" border="0"/></a>
Vince Cable, the Business Secretary, has given official backing to recommendations that call for investment banks to be broken up.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b236e6e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199108648/u/0/f/440135/c/32313/s/186871406/kg/6-27-38-39-40-43-63/a2.htm"><img src="http://da.feedsportal.com/r/73199108648/u/0/f/440135/c/32313/s/186871406/kg/6-27-38-39-40-43-63/a2.img" border="0"/></a>
Million-pound payout for the oil baron with no sales
THE chief executive of a London-listed oil explorer pocketed a $1.9m ($£1.3m) bonus last year despite recording a $96m annual loss that led its accountants to raise concerns about the firm$’s solvency.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2052bb/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199171781/u/0/f/440135/c/32313/s/186667707/kg/25-39-40/a2.htm"><img src="http://da.feedsportal.com/r/73199171781/u/0/f/440135/c/32313/s/186667707/kg/25-39-40/a2.img" border="0"/></a>
THE chief executive of a London-listed oil explorer pocketed a $1.9m ($£1.3m) bonus last year despite recording a $96m annual loss that led its accountants to raise concerns about the firm$’s solvency.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2052bb/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199171781/u/0/f/440135/c/32313/s/186667707/kg/25-39-40/a2.htm"><img src="http://da.feedsportal.com/r/73199171781/u/0/f/440135/c/32313/s/186667707/kg/25-39-40/a2.img" border="0"/></a>
Listing plan for ‘son of Lloyds’
THE Lloyds Banking Group is working on plans for a stock-market flotation of the chain of 600 branches it is being forced to sell by the European Commission.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2052ba/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199171780/u/0/f/440135/c/32313/s/186667706/kg/25-40-43-63-67/a2.htm"><img src="http://da.feedsportal.com/r/73199171780/u/0/f/440135/c/32313/s/186667706/kg/25-40-43-63-67/a2.img" border="0"/></a>
THE Lloyds Banking Group is working on plans for a stock-market flotation of the chain of 600 branches it is being forced to sell by the European Commission.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2052ba/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199171780/u/0/f/440135/c/32313/s/186667706/kg/25-40-43-63-67/a2.htm"><img src="http://da.feedsportal.com/r/73199171780/u/0/f/440135/c/32313/s/186667706/kg/25-40-43-63-67/a2.img" border="0"/></a>
Apple’s grip on apps probed
AMERICAN regulators are planning to investigate Apple’s business practices to see if it is harming the developing market for software that runs on mobile phones and the iPad, its latest hit device.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2052b9/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199171779/u/0/f/440135/c/32313/s/186667705/kg/6-25-27-39-40-63-67-68-78/a2.htm"><img src="http://da.feedsportal.com/r/73199171779/u/0/f/440135/c/32313/s/186667705/kg/6-25-27-39-40-63-67-68-78/a2.img" border="0"/></a>
AMERICAN regulators are planning to investigate Apple’s business practices to see if it is harming the developing market for software that runs on mobile phones and the iPad, its latest hit device.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2052b9/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199171779/u/0/f/440135/c/32313/s/186667705/kg/6-25-27-39-40-63-67-68-78/a2.htm"><img src="http://da.feedsportal.com/r/73199171779/u/0/f/440135/c/32313/s/186667705/kg/6-25-27-39-40-63-67-68-78/a2.img" border="0"/></a>
Tesco chairman stays on to smooth Sir Terry Leahy transition
DAVID REID has pledged to stay on as chairman of Tesco for at least another 18 months to maintain boardroom stability at Britain’s biggest retailer, insiders say.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2052b8/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199171778/u/0/f/440135/c/32313/s/186667704/a2.htm"><img src="http://da.feedsportal.com/r/73199171778/u/0/f/440135/c/32313/s/186667704/a2.img" border="0"/></a>
DAVID REID has pledged to stay on as chairman of Tesco for at least another 18 months to maintain boardroom stability at Britain’s biggest retailer, insiders say.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2052b8/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199171778/u/0/f/440135/c/32313/s/186667704/a2.htm"><img src="http://da.feedsportal.com/r/73199171778/u/0/f/440135/c/32313/s/186667704/a2.img" border="0"/></a>
Pension hole trips electricity sale
THE £4 billion auction of Britain’s biggest electricity distribution network could be delayed by a dispute over how to fill a hole of £100m or more in its pension fund.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2052b7/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199171777/u/0/f/440135/c/32313/s/186667703/kg/25-40-43/a2.htm"><img src="http://da.feedsportal.com/r/73199171777/u/0/f/440135/c/32313/s/186667703/kg/25-40-43/a2.img" border="0"/></a>
THE £4 billion auction of Britain’s biggest electricity distribution network could be delayed by a dispute over how to fill a hole of £100m or more in its pension fund.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2052b7/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199171777/u/0/f/440135/c/32313/s/186667703/kg/25-40-43/a2.htm"><img src="http://da.feedsportal.com/r/73199171777/u/0/f/440135/c/32313/s/186667703/kg/25-40-43/a2.img" border="0"/></a>
Return Fares: Ministers put supersaver plan to rail bosses
MINISTERS have asked train companies for ideas to cut the cost of running the railways — and have told them they can keep half the savings. The idea is to give the firms an incentive to agree to changes in their contracts.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2052b6/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199171776/u/0/f/440135/c/32313/s/186667702/kg/27-43-65/a2.htm"><img src="http://da.feedsportal.com/r/73199171776/u/0/f/440135/c/32313/s/186667702/kg/27-43-65/a2.img" border="0"/></a>
MINISTERS have asked train companies for ideas to cut the cost of running the railways — and have told them they can keep half the savings. The idea is to give the firms an incentive to agree to changes in their contracts.<img width='1' height='1' src='http://feeds.timesonline.co.uk/c/32313/f/440135/s/b2052b6/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/73199171776/u/0/f/440135/c/32313/s/186667702/kg/27-43-65/a2.htm"><img src="http://da.feedsportal.com/r/73199171776/u/0/f/440135/c/32313/s/186667702/kg/27-43-65/a2.img" border="0"/></a>