US buyout giant Kohlberg Kravis Roberts is said to be in discussions with Wal-Mart with a view to making a joint bid for Safeway.

According to The Times Wal-Mart is sizing up the KKR approach. However, Wal-Mart this morning put in a stand-alone cash bid well in access of 300p.

Lottery operator Camelot is being sued in the HIgh Court over an alleged trademark infringement involving its bestselling HotPicks game.

Inter Lotto, a promoter of charity games - with an option called Hot Pick - is seeking an injunction forcing Camelot to change the name of its HotPicks game.

SSL International, the maker of Durex condoms and Marigold gloves, has won a court case against a Chinese rival that copied promotional material.

Wuhan Jissbon Hygiene Products was found guilty of coping the British company’s Durex website and reproducing the company’s printed material. Jissbon was ordered to pay £7,500.