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Morning Wrap: today's top business stories

News stories from around the web.

Liberty Global enters bidding race for Kabel Deutschland (FT)

Liberty Global, the media group controlled by John Malone, has entered the bidding for Kabel Deutschland with a potential offer that would top a price tabled by Vodafone last week and value Germany’s largest cable operator at about €7.5bn.

UK prepares charges against Libor trader (FT)

UK authorities are preparing to file criminal fraud charges against Tom Hayes, the former UBS and Citigroup trader, in connection with the global Libor rate-rigging scandal, two people familiar with the matter said.

Third Point’s Dan Loeb steps up pressure on Sony (FT)

Daniel Loeb, the US hedge fund manager who is urging Sony to spin off its film and music arm, has stepped up pressure on the Japanese group on the day of its annual shareholders’ meeting by revealing that he has increased his already top-ranking ownership stake.

Tax evasion targeted by OECD G8 report (BBC)

Governments worldwide should clamp down on illegal tax evasion by automatically sharing tax data, an international body has told the G8 summit.

Watchdog to crack down on banks lobbying government ministers (Telegraph)

Former senior bankers could be invited to form a supervisory committee for the industry to cut down on behind-the-scenes lobbying under a controversial recommendation by the Commission on Banking Standards.