And in the real world... GSK, National Express, Estee Lauder and more

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

World news... round-up
World news... round-up

GlaxoSmithKline could make up to £1 billion from sales of its swine flu vaccine by the end of the year, industry analysts have said. Source: The Independent

National Express has had a new offer from an unnamed bidder as the rival operator First Group withdrew from making a formal offer for the rail and bus group. Source: The Guardian

The online gaming group Sportingbet is to sell its Italian operation to its local management team after failing to turn a profit in the country. Source: Financial Times

The CBI has warned that almost a quarter of a million jobs will be cut in manufacturing this year. Source: The Guardian

Intel has appealed against a €1.06 billion fine from the European Commission, which has accused the chip-maker of abusing its market position. Source: Financial Times

Estée Lauder has warned that changing European competition laws and taking away selective distribution for brands could turn the beauty business into an experience akin to flying easyJet. Source: Financial Times