And in the real world.. Cadbury, John Lewis, EMI, Google and more

LONDON - Today's round-up of the biggest business stories...

In the real world...Campaign's round up of business news
In the real world...Campaign's round up of business news

Cadbury’s chief executive is to defend the group’s future as a standalone company urging shareholders to reject Kraft’s £9.9 billion hostile bid.
Source: Financial Times

London’s retailers recorded their best sales for over three years in November. John Lewis said it had generated sales of £110 million in the week to December 12, up 15 per cent on the year earlier.
Source: Independent

The film industry is on course to record the best 12 months at the box office, with an end-of-year surge thanks to films such as Avatar and Sherlock Holmes.
Source: Financial Times

Google has confirmed its work on an experimental phone and software is underway but has not given specific details.
Source: Financial Times

The City regulator is likely to grant approval to a US financial entrepreneur to launch what is considered to be the first start-up bank in the UK, Metro Bank.
Source: Financial Times

EMI owner Terra Firma has filed a £21billon lawsuit in New York charging Citigroup with alleged fraud.
Source: Daily Telegraph