Business headlines

ROYAL MAIL QUALITY TESTS 'RIGGED'
The postal watchdog is considering taking action against Royal Mail after finding that delivery quality tests were rigged.

BA UNION ANNOUNCES STRIKE DATES
BA cabin crew will go on strike for three days from 20 March and for four days from 27 March in a dispute over pay and staff levels.

VAUXHALL GETS UK LOANS GUARANTEE
The UK announces a 300m-euro (£270m) loan guarantee for Vauxhall and Opel, the European arm of General Motors.

LLOYDS AIDS MORTGAGE OVERPAYMENTS
UK mortgage lender Lloyds Banking Group is encouraging borrowers to pay off up to 20% of their mortgages early.

INTERNS 'EXPLOITED BY EMPLOYERS'
The TUC is claiming that young people are being exploited by employers through internships in which they do not get paid.

TRICHET BACKS NEW BAIL-OUT FUND
The head of the European Central Bank gives his tentative support to a bail-out fund to bolster the eurozone's financial stability.

LEHMAN BOSSES SEVERELY CRITICISED
A report into the collapse of US bank Lehman Brothers criticises senior executives and auditor Ernst & Young for serious lapses.

SUPERDRY FOUNDER IN LINE FOR £80M
The Superdry clothes label founder is in line for £80m as it completes a transformation from market stall to the stock market.

NEW MORTGAGES 'HALVED IN JANUARY'
The number of mortgages agreed with house buyers fell 49% in January from the month before, mortgage lenders say.

NOT SO SLIM PICKINGS: MEXICAN SHAKES UP WORLD RICH LIST
Mexican Carlos Slim Huan overtakes Bill Gates as the world's richest man, according to the Forbes 'rich list'.