MWB has already secured backing from Brian Myerson the South African entrepreneur who holds a 16

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MWB has already secured backing from Brian Myerson, the South African entrepreneur who holds a 16.9 per cent stake in the store. With Mr Myerson's internet incubator, Illuminator, MWB is planning to turn Liberty into an e-tailer.At the beginning of the year Elizabeth Stewart-Liberty, the family matriarch, asked Odile Griffith, a company non-executive director, to quietly seek bids for the company. If the Stewart-Liberty family sells, it will end nearly a decade of family feuding on the board.However, a question mark would then hang over current chief executive, Michele Jobling, who could become a victim of a shift in the company's direction.. Northampton is set to become the first rugby union club to float on the stock market under plans being drawn up by Keith Barwell, who bought the First Division club five years ago. Northampton is set to become the first rugby union club to float on the stock market under plans being drawn up by Keith Barwell, who bought the First Division club five years ago. Mr Barwell, who is understood to have had talks with City brokers, is considering the idea to raise the funds necessary to improve Northampton's Franklin's Gardens stadium. Several other rugby union clubs, notably Leicester, have toyed with the idea of obtaining a listing, but Northampton would become the first actually to do so. Wasps, the West London club, is owned by Loftus Road, the quoted company which also owns Queen's Park Rangers football club.Since paying £1m for Northampton in 1995, Mr Barwell has placed the club on a more commercial footing than most.

However, although one of the most successful on the field, having this season reached the finals of both the domestic Tetley's Bitter and European Cup competitions, it is still making a loss.There are high hopes a meeting on Tuesday of the 12 First Division clubs will sanction a new financial plan. Mr Barwell says the plan, which would guarantee each club £1.8m annually, would turn an £800,000 deficit to a £1m profit.Nick Batram, sport and leisure analyst at stockbroker Granville Baird, said: "The plan would give rugby a more controllable cost base. The good thing about the sport is that power is concentrated in the hands of just a few clubs.". ONdigital, the digital TV venture jointly owned by Carlton Communications and Granada, will hope to steal a march on its arch rivals BSkyB this week by launching the technology to tune in to digital channels without a set-top box, writes Jason Nissé. ONdigital, the digital TV venture jointly owned by Carlton Communications and Granada, will hope to steal a march on its arch rivals BSkyB this week by launching the technology to tune in to digital channels without a set-top box, writes Jason Nissé. The Conditional Access Module, to be unveiled on Wednesday, is a plastic card which can be inserted into the back of certain digital TVs that will let you watch ONdigital programming.The system should be on sale in the shops later this summer, though initially what you will get with your module will be rather restricted.Though the card will allow viewers to watch all ONdigital programmes and pay-per-view events, it will be some time before these televisions will offer the full ONdigital services, which includes e-mail, internet access and interactive TV. But not all digital TVs have a Common Interface into which the card can be inserted.ONdigital hopes launching a service that does not need a set-top box will increase the pressure on BSkyB and cable TV, which are fighting it in the digital arena. Another competitive area will be football, where OnDigital is thought to have put in a joint bid with ITV for Premier League TV rights..

DHL, the express parcel delivery group, is planning to take advantage of the dizzy valuations attached to internet businesses by separately floating off its online operations. DHL, the express parcel delivery group, is planning to take advantage of the dizzy valuations attached to internet businesses by separately floating off its online operations. The company operates 70 separate websites worldwide, created to promote online booking and parcel tracking.

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It is understood that senior executives at DHL want to list some of these facilities separately when the company floats - expected in 2001 - to boost the value of the business.It could lead to listings in London's TechMARK and on America's Nasdaq.The company is remaining tight-lipped about the value of the business. However, analysts believe that because over 40 per cent of DHL's shipment applications are processed on the internet, and 90 per cent of parcel tracking is done on the net, then DHL could be worth over £1.5bn.Martin Carfrae, DHL's e-commerce development manager, said: "We are reviewing all our online ventures with a view to potentially spinning them off separately. They clearly add value to the organisation so we are trying to build as many internet entities as possible."Red Planet, DHL's UK site, is a prime candidate for being listed separately. Created three years ago by e-consultant The Hub, the site generates 110,000 visits a month.Mr Carfrae said the number of customers had doubled over the last year, and DHL was working on adding further interactive services.He claimed the internet was a benefit to both DHL and customers: "It reduces the number of people we have to employ in our call centres. And the people who are in the centres are dealing with the really important queries."For our customers, it means that they can dispatch a courier within sixty seconds of using the internet and track the progress of their parcel whenever they like."DHL's decision to float was triggered by the sale of a 20 per cent stake in the business by Japanese Airlines to two investment trusts last December for £200m.While DHL is expected to issue new shares in the company, the bulk of the public offering will be the former Japanese Airlines' stake.DHL's other majority shareholders are Deutsche Post and Lufthansa Cargo.The company, founded in 1969, is divided into two divisions: DHL Airways for the US and DHL International for the rest of the world.