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US news website Gawker launches crowdsourcing campaign in attempt to buy video allegedly showing Toronto Mayor Rob Ford smoking crack

12:15 PM | The Independent

The US online news website Gawker is attempting to raise $200,000 (£132,000) to buy and publish a tape which they allege shows the mayor of Toronto, Rob Ford, smoking crack cocaine.

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US news website Gawker launches crowdsourcing campaign to raise money to buy video allegedly showing Toronto Mayor Rob Ford smoking crack

12:15 PM | The Independent

The US online news website Gawker is attempting to raise $200,000 (£132,000) to buy and publish a tape which they allege shows the mayor of Toronto, Rob Ford, smoking crack cocaine.

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Wine: what to buy at Tesco

09:15 AM | Guardian

With 25% of the UK market, it has something for everyone It would be easy to assume from the adverse publicity it attracts that Tesco is the last place on earth any sensitive soul would choose to buy wine. But given that it has 25% of the UK market, one in four of us is likely to be shopping there at any one time.

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Worldwide M&A turns negative with 7 percent drop

10:26 PM | uk.reuters.com

LONDON (Reuters) - Worldwide merger and acquisitions (M&A) activity is down 7 percent so far this year compared with the same period a year ago, totalling $750 billion after the slowest week for dealmaking this year, Thomson Reuters data showed on Friday.

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Divorce from Waitrose now the only risk for Ocado

06:55 PM | The Guardian

For Ocado, the deal with Morrisons stacks up beautifully on day one. When the online specialist opened its second huge distribution centre in Dordon, Warwickshire, in February the worry was that it would take ages to fill a warehouse capable of handling £1bn of sales a year. Now there's a quickish solution: half the space will be devoted to Morrisons' new online business. The financial terms for Ocado also look smart. By selling Dordon to Morrisons for £170m and leasing it back, Ocado will be transformed from a company with net debt to one with a handsome cash balance.

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