BBC Business News.: Sale of EDF's UK networks agreed. July 30th.,.2010

30 July 2010 Last updated at 09:21 GMT Sale of EDF's UK networks agreed A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn). Strikes and ash extend BA losses BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud. Disney sells Miramax film studios New Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors. Chip sales boost Samsung profits Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips. Citigroup agrees $75m fraud fine China allows IMF report release