UCL wins Stratford campus approval
University College London has won initial approval for a £1bn development in east London that will double the space occupied by the elite higher education institution. Newham Council has approved plans for UCL Stratford, a 23-acre complex next to the Olympic Park. As well as being a huge regeneration project in one of London’s most deprived boroughs, the new plan is intended to help UCL maintain its reputation as a world-leading university. The campus will cover the area of 705 homes, 318 of which are occupied.
Japan grapples with its fiscal cliff
The Japanese finance ministry will hold crisis talks with bond dealers in the world’s largest government debt market today, amid growing fears about the impact of a political stand-off on the nation’s finances.
Hitachi frontrunner to win Horizon
Japanese engineer Hitachi is the “firm frontrunner” to acquire Horizon, the joint venture planning to build nuclear reactors in the UK. A Hitachi-led consortium is in advanced talks with Horizon’s owners RWE and Eon.
Vodafone casts doubt over 4G
Days ahead of EE’s 4G service going live, Vodafone is claiming the four walls of the home or office could play havoc with the signal, because of the frequencies its competitor is using for the launch.
Premier Foods to sell Hovis
Hovis, the brand made famous by the “Boy on the bike” commercial of the early seventies, has been put up for sale by Premier Foods, its owner.
The Daily Telegraph
ExxonMobil chief “assassinated”
A British executive for the oil company ExxonMobil has been shot dead in front of his wife in an assassination-style killing in Brussels. The executive was shot three times, once as he lay on the ground.
OFT intervenes over plum deal
The OFT announced it was “suspending its duty” to refer to the Competition Commission the acquisition of the food firm Brookes Avana by Boparan Holdings.
THE WALL STREET JOURNAL
DreamWorks Chairman Resigns
The chairman of DreamWorks Animation has resigned, having served since the studio became a public company in 2004. Roger Enrico will be replaced by board member Mellody Hobson.
Nintendo Slashes Profit Outlook
Nintendo slashed its fiscal-year profit outlook by 70 per cent just weeks before launching the company's first new home console in six years