And in the real world... Tesco, Jaguar Land Rover, BT, Apple and more

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

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

Industry's energy bills are set to rise by 17 per cent over the next decade as a result of the Government's plans to cut carbon dioxide emissions. Source: Financial Times

A planned 10 per cent rise in business rates for London companies will "bleed the capital of hundreds of millions of pounds", Boris Johnson, the London Mayor, has warned. Source: Financial Times

Northern Foods reported strong sales in the first quarter and said it may beat forecasts after supplying more £1 sandwiches and pizzas to Tesco. Source: The Daily Telegraph

Jaguar Land Rover is cutting another 300 jobs at its Halewood factory and will stop producing the smaller X-Type cars at the end of the year. Source: The Independent

BT is spending £22 million to placate disgruntled frontline staff after paying out bonuses to top executives and its battalion of middle managers. Source: Daily Mail

Apple Inc's App Store has spawned a cottage industry of software developers trying to profit from games and other applications that people can download on to their iPhones. Source: The Wall Street Journal