Morning Wrap: today's top business stories

News stories from around the web.

New Statesman

Vodafone in early talks to buy Kabel Deutschland in €7bn deal (FT)

Vodafone has made a preliminary approach for Kabel Deutschland, the German cable group, in a €7bn deal that would strengthen the British mobile operator’s bundled TV-to-telecoms business.

Glencore picks former Morgan Stanley boss John Mack for board (FT)

Glencore Xstrata has appointed John Mack, former Morgan Stanley boss, as an independent director as it rebuilds the board of the enlarged mining and commodities trading house.

UK unemployment unexpectedly falls by 5,000 (BBC)

UK unemployment has fallen by an unexpected 5,000, the Office for National Statistics (ONS) has said.

Britain losing business 'every minute' due to Chinese visa rules (Telegraph)

China's biggest travel agency has warned that Britain is losing business “every minute” because of its “complicated and expensive” visa system.

 

Sainsbury's sales grow despite Jubilee slowdown (Telegraph)

J Sainsbury has outperformed its main rival Tesco over the last three months despite sales growth sliding to the slowest pace in eight years.