BAE Systems is reportedly planning a board shake-up that puts former British Conservative Defence Secretary Michael Portillo (pictured) and Tory peer Lord Hesketh in the line of fire.

Media stocks were buoying the mood today as the London market made a positive start to the week.

London equities stayed in positive mode today as traders voiced cautious optimism about the outlook.

Media stocks were driving London shares higher today following a host of broker upgrades and a major acquisition by advertising giant WPP.

BAE Systems was today preparing to play a more central role in the war on terror after acquiring a leading IT supplier to the Pentagon.