PRESS DIGEST - British business - April 12

The Times

TESCO ROLLS OUT TROLLEY WATCH AROUND WORLD

Tesco's (TSCO.L) new unprecedented deal with Dunnhumby, the company behind its loyalty card scheme, will see the supermarket monitor and record the shopping habits of over 60 million customers worldwide. Tesco's partnership with the market research specialist is being rolled out to nine countries where Tesco operates, including South Korea, Thailand and China, but not yet the United States.

RIVALS UPSET AS BA DELAYS LONG-HAUL MOVE TO TERMINAL 5

On Friday, the timetable for the redevelopment of Heathrow was thrown into doubt following a British Airways (BAY.L) and BAA (FER.MC) announcement that BA's move of its long-haul flights from Terminal 4 to Terminal 5 was being delayed from April 30 to June. Nigel Turner, chief executive of bmi, said: "BA through their mismanagement of the move to Terminal 5 will materially disadvantage all other airlines at Heathrow while BAA, through their perverse regulatory system, will actually benefit financially."

GCAP NOT TO SELL STATIONS

In a dramatic reversal of strategy, GCap GCAP.L has announced that Xfm in Scotland and Manchester are not going to be sold. The owner had previously said it would either sell or close the stations. As part of its plans to create networked shows, Global Radio, which agreed to acquire GCap earlier this month, is understood to be keen to hold on to the stations.

The Daily Telegraph

DSG FACES "JUNK STATUS" DOWNGRADE

Fitch has warned it may downgrade the debt of DSG International (DSGI.L) to "junk status" after the retailer's profit warning last week. DSG was relegated from the FTSE 100 four months ago, and the move by the credit ratings agency highlights the company's dramatic fall from grace. Shares in the retailer closed down 1.25 pence at 58.25 pence on Friday.

MCMANUS AND MAGNIER RAISE STAKE IN M&B

JP McManus and John Magnier, the horse racing tycoons, have raised their stake in Mitchells & Butlers (MAB.L). Elpida Group, the Irish pair's investment vehicle, has increased its stake in M&B from four percent to 5.12 percent. Bain Capital, however, has taken the lead in the race to buy a stake in the pub operator, having made an offer of over 400 million pounds for a 29.9 percent stake in the company.

CHARITY BEGINS WITH RAB CHIEF'S BONUS

Philip Richards, chief executive of RAB Capital (RAB.L), saw his bonus nearly halve last year -- although he still collected 7.7 million pounds. Richards waived a further 3.3 million pounds of his bonus, which the company has donated to charity. Last year, the fund manager, who runs RAB's Special Situations fund, collected a bonus of 14.3 million pounds and waived a further 4.5 million pounds, which RAB donated to charity.

The Independent

51 MILLION POUND PROFIT ON SALE OF BOOSEY & HAWKES.