Business News Snippets

The FTSE, DAX and CAC are all broadly unchanged in early trade this morning.

Barclays has sold its fund management arm, Barclays Global Investors, to US asset manager BlackRock for £8.1bn.

The West Bromwich Building Society has agreed a deal to convert its £182.5m subordinated debt into capital to stave off insolvency.

Troubled TV sports channel Setanta is trying to dig itself out of a hole by agreeing to pay £20 million to show the World Origami Championships from Osaka live on national TV. Customers will only be able to watch it on Paper View.