Formula One's share flotation rolled on to the starting grid yesterday as venture capitalist CVC sold a $1.6bn (£1bn) stake in the business to three investment groups including BlackRock.

Where to go and what to know

Greg, Jeff and Murray - who along with Anthony are better known by millions of children around the world as The Wiggles - will hand over their colourful tops to younger replacements, including a woman, the group announced today.

David Beckham has played a key role in backing the London 2012 Games, but it does not mean that Stuart Pearce has to pick him for the Olympic football team, Lord Coe said today.

Rangers administrators Duff and Phelps have held detailed talks with three bidders interested in taking control of the stricken club - including one group with "a Rangers connection".

With three months to go until the world comes to party in London, already the neighbours are trying to muscle in on the act.

'I tend to go to a lot of places by myself'

The interminable saga surrounding the proposed takeover of Rangers took another twist last night when Brian Kennedy put himself back in the frame.

Ally McCoist, the Rangers manager, yesterday called for administrators to name a preferred bidder as soon as possible after expressing concerns over the protracted nature of the bidding process.

The saga surrounding the takeover of Rangers appeared to move one step closer to conclusion last night when the Blue Knights announced they were taking a step back from the process, leaving a Singapore-based consortium led by Bill Ng set to be named as the preferred bidder today.

A hiring freeze among struggling financial services firms halved banking profits at the recruiter Michael Page in the first three months of the year. Financial services firms – which account for about 8 per cent of Page's profit – axed thousands of jobs last year and have not yet started hiring again.

Administrator Clark said proposed changes were 'disruptive and regrettable'

Rangers administrators Duff and Phelps have been forced to delay the announcement of a preferred bidder for the Ibrox club due to proposed changes to Scottish Premier League rules.

CVC Capital Partners has set a Friday deadline for banks hoping to play a role in Formula 1's flotation in Singapore, in a sign that the process for the expected $1.5bn (£940m) initial public offering is formally under way, with plans for a July listing.