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Lunch Wrap

On FT Alphaville this morning,

- Doing the twist – The crucial detail on Ambani’s move to control MTN.

- More on the $70bn Alliance/MTN merger plan in Markets Live

- Stand by. The Alt-A downgrades have landed.

- Activists prefer Dems.

- UK housing boom. RIP.

- Bondie’s back. See who’s on the latest Aussie rich list.

- Housing, EM telco and big beer, in Markets Live.

- Spam, supermarkets and a bubble in bubbles, in further reading.

On FT.com,

- Stanley Fink is to step out of the limelight at Man Group.

- Blacks Leisure has parted company with its finance director.

- PCCW plans to sell 45 per cent of its core assets to investors following a proposed spin-off of the operations to a newly formed company.

- London equities on the up, after results from M an and another strong showing in the mining sector.

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