And in the real world...Royal Mail, EDF, Independent News & Media, HSBC and more

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

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

Ministers are willing to cede overall control over the appointment of Royal Mail's chief executive and other key "operational matters" to a minority shareholder in the postal operator, it emerged on Monday.
Source: Financial Times

EDF is willing to sell further stakes in its recently acquired British Energy business to outside investors after yesterday offloading 20 per cent to Centrica in a £2.3 billion deal.
Source: Financial Times

Independent News & Media has asked lenders for more time as it anticipates not being able to secure a debt deal by next Monday.
Source: Financial Times

HSBC's chief executive, Michael Geoghegan, has joined Stephen Hester, his equivalent at Royal Bank of Scotland, in pouring cold water on hopes of an early economic recovery, despite reporting better-than-expected trading in the first three months of the year.
Source: The Daily Telegraph

The worst of the British recession could be over, the Organisation for Economic Co-operation and Development suggested yesterday, in its latest snapshot of the global economy.
Source: The Daily Telegraph