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Lunch Wrap

On FT Alphaville this morning,

- Peculiar-sounding Brazilian interest in Alitalia.

- Some raw market information on Kazakhmys and Whitbread in Markets Live.

- Swiss Re’s derivatives blow.

- UBS layoffs in historical context.

- Microhoo!, Indiana Jones and the auto bubble, in further reading.

- FT Alphaville has won a Webby.

On FT.com,

- BAE Systems will have to publish and implement a code of ethical business conduct, a report recommended on Tuesday.

- Lloyds TSB’s prudence paid off in the first quarter, when it suffered less severely than some peers from falls in the value of asset-backed securities.

- Burma’s regime made a rare appeal for international help as Nyan Win, its foreign minister, said on state TV that 15,000 people had died in the devastating cyclone at the weekend.

- Another record for crude.

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