And in the real world... Tesco, LVMH, RBS, Primark and more

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

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

The retail price index fell below zero in March for the first time in almost 50 years in a sign of rising deflationary pressures. The RPI dropped to -0.4 per cent, the Office for National Statistics said.
Source: FT

Sir Terry Leahy, the chief executive of Tesco, which posted record profits yesterday, signalled the worst of the UK economic downturn may be over.
Source: The Independent

LVMH has indicated it may be willing to sell all or part of its stake in its wine and spirits business Moët Hennessy to partner Diageo. Source: FT

Royal Bank of Scotland has imposed massive interest rate hikes on credit-card holders, according to a survey.
Source: The Independent

The New York Times Company saw year-on-year advertising revenues fall 27 per cent in the first quarter of 2009.
Source: The Guardian

Primark posted first-half profits up by 10 per cent to £122 million, while Burberry said that store-based like-for-like sales grew by 3 per cent in the three months to the end of March.
Source: The Times