But Europe's biggest stock exchange insisted it was keeping an open mind on all options best able to boost shareholder value.

BBC: NEWS | Business | LSE seeks end to bid speculation

The government says it is keeping an open mind on whether the goal of reining in excessive pay can best be achieved through new guidelines or legislative changes.

BBC: 'Fat cat' pay proposals: At a glance

His line was that he was keeping an open mind on whether there should be another inquiry - but in the end, more victims have to come forward before he would sanction one, despite the views of Mr Towler carrying "great weight".

BBC: History back in the headlines