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There is real news out there but this morning the FT newsroom is preoccupied with the goings on the Big Brother house. Unusually for the FT, discussion about tonight’s eviction vote even took up quite a chunk of our morning editorial conference, despite some groans from Lex editor Tracy Corrigan. Our story about Big Brother dominating Brown’s visit to India was the eighth most read on FT.com yesterday, ahead of news about the Bank of Japan holding interest rates.
BP is in talks with Chinese ethanol producer Guangxi Xintiande Energy Co over a possible tie-up, a source from the Chinese company has told Reuters. “Tie-up” could mean anything but we’ll check it out.
The NAPF has a new chairman to take over from Robin Ellison. He is Chris Hitchen, chief executive of the Railways Pension Trustee Company, Railpen.
Rumour of the Day: Neil Hume on our markets desk says shares in Intercontinental Hotels are flying, up 5 per cent, on all sorts of rumours from a bid to asset sales.