And in the real world....Kraft, Cadbury, Vivendi, Diageo, ITV, BBC and FTSE 100

London - Today's round-up of the biggest business news

And in the real world....Kraft, Cadbury, Vivendi, Diageo, ITV, BBC and FTSE 100

ITV offered the job of chief executive to Tony Ball more than a week ago but has so far been unable to agree terms and conditions with the former head of BSkyB, according to people familiar with the talks.
Source: The Financial Times

The London stock market pushed further above the 5,000 level this morning, following gains in Asia, buoyed by expectations that the economic recovery is taking hold.
Source: The Guardian

Diageo, the drinks group, said it would press ahead with up to 900 job cuts after rejecting alternative proposals backed by the Scottish government.
Source: The Financial Times

The BBC is to be the subject of a "radical review", which could lead to the end of some of its services amid claims that the organisation has become too big and is damaging the future of the commercially funded media in Britain.
Source: The Independent

Vivendi, the French communications and entertainment group, on Wednesday set out to establish a foothold in the fast-growing Latin American market by launching a €2bn ($2.9bn) takeover bid for GVT, a Brazilian telecoms provider.
Source: The Financial Times