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Walker tempers view on non-executives

Sir David Walker will temper his demand that banks’ non-executive directors must all spend the equivalent of a month a year on the job. This follows heavy lobbying from banks and investors

Zytek poised for £4.5m injection of funds

The government is poised to invest £4.5m in a project to develop a small electric vehicle produced by Zytek Automotive Technology and Gordon Murray Design

Robotic hamsters fly off the shelves for Christmas

Demand for the Go Go Pets is so high that Toys R Us has not advertised the items in its Christmas catalogue,and they only spend about a minute on the shelf before being snapped up

Cadbury expected to receive hostile bid

The board of Cadbury is preparing to meet on Monday amid expectations that Kraft will go hostile with its takeover offer. The US group will either formalise its original proposal of 300p in cash and 0.2589 new Kraft Foods shares per Cadbury share, or increase it slightly

BAE looks to fighter jets for growth

Europe’s biggest defence contractor has invested about £80m in the Samlesbury site in Lancashire, and plans to invest 10 times that amount as it works its way to the full production rate of one F-35 Joint Strike Fighter a day by 2016

Midlands looks for respite from recession

Part of the role of a new £40m Manufacturing Technology Centre will be to shore up a sector hit far worse by the downturn than forecasters expected. The damage has been particularly seismic in the manufacturing heartlands of the Midlands

Leaderless ITV at war with the Scots

As several respected City figures are mentioned as potential chairmen, the broadcaster’s legal battle with the owner of its Scottish and Grampian franchises is escalating

Spottiswoode’s final swipe at with-profits

Clare Spottiswoode will take a parting shot at the regulation of with-profits savings products when she releases her final report for Aviva

Outlook remains cloudy on high street

Retailers and investors struggle to decipher the consumer mood from updates on the UK retail scene but it seems confidence has held up better than many expected

Hopes of stability boost confidence at BA

Despite poor results, investors are impressed by figures showing the fall in business class passengers, on which the airline depends heavily, is finally easing

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