Philip Green, the billionaire entrepreneur, is planning a multibillion-pound takeover of Marks & Spencer. As Green confirmed his interest to the Stock Exchange, M&S' share price jumped 19% to 345p - Financial Times
Daily Mail & General Trust's attempt to take over Telegraph Group faces opposition from media buying agencies, who will complain to Ofcom if the bid is successful. The agencies are concerned that the combined company would reach 35% of UK readers in the ABC1 demographic - The Times
The government is calling on the ad industry to drop fast-food commercials during children's TV programmes so that legislation banning such ads is not necessary - The Sun
Homecall, the fixed-line telephone business owned by Caudwell Communications, is to fight back against BT and Carphone Warehouse with price cuts and an extra hour of calls at peaktime - Sunday Express
SSL, the manufacturer of Scholl and Durex, plans to use its £70m ad budget to make a major push into supermarkets. It registered a pre-tax loss of £7.5m in the year ended March 31, compared with a pre-tax profit of £39.1m the year before - Daily Telegraph
Anheuser-Busch, whose brands include Budweiser, has been reprimanded by a US judge for saying rival beer Miller is owned by 'South African Breweries' in its ads. Miller is owned by SABMiller - The Times.