Wednesday Papers: OFT investigates Sports Direct's stake purchase in JJB -- bid news and gossip

* Sports Direct's purchase of a stake in JJB Sports comes under OFT investigatipon

* Clive Cowdery has secured commitments from investors of just over £500 million for a new vehicle to consolidate the hard-hit financial services sector, at the lower end of expectations

* British Airways in merger talks with Qantas; talks with Iberia ongoing

* Neptune Investment Management is considering an approach for some of New Star's funds and managers

* Cable & Wireless signs £79 million Centrica deal

* BBC in talks with Woolworths as pensioners fear worst

* Theo Paphita's bid for Woolworths is backed by fellow Dragon Rachel Elnaugh -- Sun

* EDF may sell capacity to win British Energy deal

* Administrators check in at Folio Hotels

* Canary Wharf Tower owner Metrovacesa in equity talks

* Former chief executive of AOL, Jonathan Miller, is trying to raise money to buy part of Yahoo, according to Wall Street Journal

* General Electric to trim finance arm; plans job cuts

* Ryanair seeks to meet Aer Lingus shareholders

* JJB Sports shares plunge as fears grow over bank loans

* Stobart to buy Southend Airport for £21 million

* Paladin Energy to make offer for Fusion Resources

* Sci Entertainment changes name to Eidos