And in the real world... Porsche, Cineworld, Tesco and more...

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

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

Wendelin Wiedeking, the former chief executive of Porsche, is under investigation by German authorities after it was alleged that he used market manipulation and leaked inside information during the failed takeover attempt of Volkswagen.
Source: The Financial Times

A number of high-profile film releases, such as Slumdog Millionaire and Angels and Demons, helped Cineworld report an 18 per cent rise in pre-tax profits. The UK's second-largest cinema operator saw sales for the first half of the year increase to £162 million, with pre-tax profits rising to £11.6 million.
Source: The Financial Times

Tesco is creating 800 jobs in Glasgow by opening a new banking call centre, as it looks to expand its financial services division. The expansion will also see the retailer rebrand the operation from Tesco Personal Finance to Tesco Bank.
Source: The Daily Telegraph

The British Film Institute is merging with the UK Film Council as part of a major restructure of the British film industry. The new merger should help reduce costs, and will allow the organisation to raise more awareness of forthcoming UK films.
Source: The Daily Telegraph

The number of people who give up smoking through the NHS is declining, new figures have shown. One in five people in the UK still smoke, raising questions over the value of the £74 million spent on encouraging smokers to quit.
Source: The Times


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