The battle for control of Bob the Builder group Hit Entertainment became a one-horse race today when another potential suitor walked away from takeover talks.

THE race to take over Bob the Builder creator Hit Entertainment hotted up over the weekend, after Canadian film and television studio Lions Gate Entertainment said it may bid for the company.

Bob The Builder is to take on his biggest project to date – by building an entire town from scratch, it was announced today.

Iraq has re-entered the world oil market with its first shipment of crude since the war, but sabotage and looting along its largest pipeline delayed the flow of freshly pumped oil – the key to the reconstruction of an economy devastated by sanctions and war.

Pingu, the playful penguin character, is to be bought by British children’s entertainment firm Hit in a £15.9m deal, it was announced today.