Thursday Papers: Battersea heads for listing - bid news and gossip

Financial Times

* Battersea Power Station is heading for the public market.

* Facebook is looking east for its next phase of expansion.

* Art lovers bought more than £150m of works at Christie’s in London’s most valuable sale of art.

* Telefónica has sold most of its stake in Portugal Telecom because of fears it would not be allowed to vote on its own €6.5bn offer to buy the Portuguese out of their Brazilian mobile phone joint venture.

* Fiat’s failure to win workers’ endorsement on changes to work practices at its plant near Naples has raised doubts over whether the Italian carmaker will go ahead with its €700m investment.

* Citigroup to raise $330m in Taiwan’s emerging bonds market.

* The smartphone battle between Apple and Google entered its next round as Motorola and Verizon Wireless unveiled the next generation of the Androidbased phone.

* Lawyers accused EasyJet founder of “fishing around for a test”.

* Competition Commission in legal challenge over BAA selloff.

* Stagecoach chief urges minister to keep over-60s bus passes.

* Nissan chief Carlos Ghosn heads the list of Japan’s best-paid executives.