Microsoft is gearing up to offer fresh concessions to the European Commission in regard to its bid for a stake in UK cable operator, Telewest.
The software giant is due to submit its renewed offer today, and Microsoft officials were said to be confident they would get clearance to go ahead with the deal, the FT reported.

Internet investment company, Jellyworks, is considering selling up after six months on AIM, according to the

. The company says it is in preliminary negotiations with niche investment bank, Shore Capital.

The deal, if it materialises, is likely to be in shares and could see the privately owned bank move to the stock market. Jellyworks owns a small stake in Shore, and also in Beenz.com, Sportal and network management software writer, Orchestream.

Deutsche Telekom is on the brink of buying Cable & Wireless for DM100 billion (£32 billion), according to

. The price tag is within Deutsche Telekom's means, although it refused to comment officially on the possible takeover. That didn't stop its share price jumping 3.4 per cent though (C&W's shares also went up just under 3 per cent)

Investment bank EPO.com, shortly to be joining with German company VEM, has been given permission to offer shares over the Internet. They should be available online at some point this summer. The EPO and VEM merger hopes to set itself up as the market leader for share issues over the Net. ®