British Telecom plans to compete against the Rupert Murdoch owned Sky TV in a price war over the cost of watching national sports like football and cricket. BT is awaiting the results of an Ofcom investigation which may force Sky, part of the same company as the Sun and Times newspapers, to drop its wholesale prices to rivals.
BT said its BT Vision service will charge just £15 a month for access to Sky Sports 1, a saving to consumers of £10. Ofcom will release its findings in March
Shell, the oil company, has agreed a deal to develop the Mahnoon oil field in Iraq in partnership with Petronas, the Malaysian state run oil firm. The oil field has the potential to produce 12.6 billion barrels. Shell will own 60 per cent of the oil field in Iraq with the remainder belonging to Petronas.
British Airways yet again faces the threat of a cabin crew strike. Union Unite has said it will ballot staff today on a strike in March as the union and airline cannot agree on staff cuts.