BRITAIN’s Office of Fair Trading (OFT) has effectively approved Independent News & Media’s (INM) proposed sale of its two London-based newspapers to Russian tycoon, Alexander Lebedev – although no update on the sale process has actually been given by the company itself.

IT’S war – the phoney peace has ended – Denis O’Brien has the O’Reillys in his sights and this time there will be blood on the floor.