1.30: ITV has clinched an 11th-hour deal to have its new sports channel carried on NTL, reports Amy Vickers.

1.30pm: The computer group has ditched plans for a new device and is laying off 20% of its workforce. By Amy Vickers.

The BBC has appointed a man who describes himself as an "open-hearted agnostic" as its new head of religion and ethics, reports Amy Vickers.

1.30pm: Unilever has fired the latest salvo in the soap wars by launching a washing powder for dark colours, writes Amy Vickers.