The European Commission on Monday cleared US-based cable operator Liberty Global to acquire Britain's Virgin Media in a deal worth 17.2 billion euros ($22.5 billion). The Commission said the tie up between Liberty Global, the largest cable operator in Europe, and the second largest Pay TV firm in Britain "would not raise competition concerns" because of the nature of the business and the continued competition the new entity would face. bmm/rl

British luxury car brand Jaguar Land Rover, owned by India's Tata Motors, Wednesday said global sales in March climbed 16 percent from a year earlier to hit a record level, boosted by Chinese demand. Jaguar Land Rover (JLR) reported sales in March rose to 53,772 units internationally, with sales for the January to March quarter also at a record high of 115,504 units. JLR sales in China for March rose 22 percent to 8,487 vehicles while in Britain they grew 14 percent to 17,784 units, the statement said.

March 11 (Reuters) - The Telegraph CABLE WILL BACK TAX REVOLUTION The government is to back controversial plans to force businesses to reveal the taxes they pay in every country they operate in. BRANSON'S AIRLINE HEADS FOR RECORD LOSSES Sir Richard Branson's Virgin Atlantic is heading for record losses of as much as 135 million pounds, triggering fears of job cuts among the carrier's 9,000 staff.

March 6 (Reuters) - International Airlines Group (IAG) said the pay of its chief executive, Willie Walsh, fell below that of the boss of its British Airways unit last year after IAG's board decided not to award Walsh a bonus. Walsh's pay and benefits fell 16.6 percent to 1.1 million pounds ($1.66 million) for last year after IAG as a whole reported a steep loss, while the package for BA chief Keith Williams rose 40 percent to 1.4 million pounds due to the British carrier's robust performance, according to IAG's annual report.