Pirc urges Xstrata investors to reject Glencore bid: One of Britain's leading shareholder advisory groups has urged Xstrata investors to reject the commodities trader Glencore's $33 billion (21 billion) takeover offer. Bank safety plans not enough, UK Economy Chief warns: The man in charge of Britain's financial stability has warned MPs that current plans to make banks safer don't go far enough and said they may need to be threatened with compulsory break up to force their compliance. Axe poised over 7,000 jobs in Iberia restructuring plan: Iberia, the Spanish airline that merged with British Airways to become International Airlines Group (IAG) last year, is to axe up to 7,000 jobs, Union Bosses have warned.