India’s Tata conglomerate today looked to be in pole position to complete the £1bn (€1.4bn) acquisition of Ford’s Jaguar and Land Rover car marques.

Former EMI chief executive Jim Fifield today kept alive speculation that he might gatecrash an agreed £2.4bn (€1.8bn) takeover of the music giant.

EMI’s takeover by private equity firm Terra Firma survived a scare today after reports said a rival buy-out group planned to gatecrash the deal.

Warner Music was today reported to be lining up its latest bid attempt in the battle for troubled rival EMI.

Music group EMI today said it had received takeover interest from “a number” of potential bidders.