Morning Wrap: today's top business stories

News stories from around the web.

New Statesman

Co-op close to deal with regulator (FT)

The Co-operative Group is poised to announce measures it has agreed with the banking regulator to bridge a capital shortfall in the banking arm of the UK’s biggest mutual.

Aerospace trio campaigns for European drone programme (FT)

Three of Europe’s biggest defence contractors have called on governments to launch a European drone programme to compete with the US and Israeli companies that dominate the sector.

G8 summit to make 'real difference' on tax avoidance (BBC)

Action will be taken at the G8 summit to make "a real difference" to the amount of tax paid by corporations, David Cameron says.

'Few fathers' take extra paternity leave - TUC report (BBC)

Less than 1% of fathers take advantage of additional paternity leave up to a total of 26 weeks, figures suggest.

Britain 'should not rely on French for new nuclear power plants' (Telegraph)

The chief executive of Urenco, the enriched-uranium supplier put up for sale for £9bn, has rounded on the Government for allowing Britain's nuclear industry to become reliant on foreign companies.