Morning Wrap: today's top business stories

News stories from around the web.

New Statesman

SoftBank raises offer for Sprint Nextel (FT)

Sprint Nextel has all but closed the door on a takeover bid from US rival Dish Network after SoftBank of Japan boosted both the value and cash portion of its offer, winning the support of a key Sprint shareholder.

Apple’s iOS software revamp may not go far enough (FT)

Apple’s revamp of the software that powers its iPhones and iPads will keep it ahead of rivals, analysts said, but some remain concerned that its superficial changes may not go far enough.

Lloyds admits shortcomings in handling PPI complaints (BBC)

Lloyds has admitted shortcomings in the handling of complaints at a centre set up to deal with PPI mis-selling.

It comes as an undercover reporter at the Times said staff at one of the bank's complaints handling centres had been taught to "play the system".

Current account switching to be 'hassle-free' (BBC)

A plan to allow current account customers to switch their bank or building society within seven working days has moved a step closer.

The Payments Council said the overhaul was still on track to start in September, as it unveiled a trustmark and guarantee that will outline customers' rights.

Shale could fuel UK for 10 years, say experts (Telegraph)

Britain can extract enough shale gas to meet its needs for almost a decade and can also produce shale oil, according to the most promising official estimate so far of the industry’s potential.