News

Property entrepreneur Robert Tchenguiz has dramatically doubled his stake in J Sainsbury to £1bn, fuelling speculation of a fresh takeover approach for the supermarket, says the Telegraph.

Sports Direct, the embattled leisurewear retailer, is still searching for a new chairman after being rebuffed by John Gildersleeve, chairman of EMI and Carphone Warehouse, writes the Times.

BSkyB has cranked up the pressure on Virgin Media by striking a deal to sell the channels it pulled from the cable operator's platform to smaller rival Tiscali, reports the Telegraph.

The glut of credit in global financial markets, combined with excessive leverage, could all "end in tears" when a big transaction finally goes wrong, Stephen Green, chairman of HSBC, warned on Wednesday, says the FT.

The man charged by the US Government with investigating BAE Systems, Europe's largest defence contractor, has won hundreds of millions of dollars from companies convicted of bribing foreign officials, reports the Times.

The fine china and crystal maker Waterford Wedgwood narrowed annual losses and predicted a return to profit by the year-end as the company broadened its appeal to the young, writes the Independent.

Hardy Amies, the dressmaker to the Queen, said that police had issued an international arrest warrant for its former financial controller after the apparent theft of more than £350,000 from the business, writes the Times.

The Christmas savings scheme firm Park Group has seen its customer numbers fall by a third after a loss in confidence prompted by the Farepak hamper disaster last October, says the Independent.

Arcelor Mittal, the world's largest steel company, has pulled a €1.5bn (£1bn) bond amid severe upheavals in Europe's bond markets, reports the Independent.