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The Times & The Sunday Times
The Times & The Sunday Times
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Business in Brief

The Times
The Times

Broadcast news

The BBC agreed to privatise BBC Broadcast, a technical services arm, in return for £166 million, amid signs that trade union opposition to the sale was softening. Macquarie Capital Alliance Group, an Australian fund, promised to act as a long-term investor and match employment terms.

Citigroup to settle

Britain’s Financial Services Authority, the investment regulator, was close to announcing a £16 million settlement with Citigroup last night over the US investment bank’s controversial trades in the eurozone government bond market last August.