Morning Wrap: today's top business stories

News stories from around the web.

New Statesman

Cargill in final talks over ADM cocoa unit (FT)

Cargill, the world’s top agricultural trading house, is in final negotiations for the purchase of rival Archer Daniels Midland’s $2bn cocoa business, although a potential deal is likely to face challenges from antitrust authorities in Europe.

Help to Buy scheme extension costs being unveiled (BBC)

Banks have begun to unveil mortgages which they will offer under the expanded Help to Buy scheme.

The government's initiative is designed to enable buyers who can afford only small deposits to buy a home.

Royal Mail IPO: Retail investor demand highest since lastminute float (Telegraph)

Share sales creates a frenzy in the “grey market” as private investors bet the Royal Mail’s shareprice will start trading at £4.03 - well above the government's guide price.

Alcatel-Lucent cuts 10,000 jobs worldwide (FT)

Alcatel-Lucent will cut 10,000 jobs across the world, including 900 in its domestic French market, as part of a strategy to slash €1bn in costs from the lossmaking telecoms equipment maker, it confirmed on Tuesday.

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