Spice Girls: The Musical – The Spice Girls are set to make £5MILLION each off the back of their new West End show. Victoria Beckham, Emma Bunton, Melanie Chisholm, Melanie Brown and Geri Halliwell were reunited in London yesterday for the launch of musical Viva Forever! [mirror]

ABSA Bank Warns Of Profit Slump – ABSA issued a shock profit warning yesterday, saying first-half earnings could fall by as much as 10%. This will put pressure on CEO Maria Ramos to implement additional, drastic measures to improve performance at the Barclays-owned group. [businessday]

Online Travel Agency Shows More Expensive Options To Mac Users – Orbitz Worldwide Inc.has found that people who use Apple Mac computers spend as much as 30% more a night on hotels, so the online travel agency is starting to show them different, and sometimes costlier, travel options than Windows visitors see. [wallstreetournal]

Sexwale suffers humiliating defeat – Human Settlements Minister and presidential hopeful Tokyo Sexwale has suffered a humiliating defeat when delegates at the ANC policy conference rejected him. In the opening session of the conference on Tuesday Sexwale intervened in a discussion and while he was talking delegates started getting rowdy and drowned him out. [news24]

Rupert Murdoch’s News Corp Set To Split In Two – Rupert Murdoch’s News Corporation is set to be broken up as the embattled media chief battles to stem the damage caused by the News of the World phone hacking scandal. [telegraph]

Novak Djokovic Shares Golf Club Joke With Centre Court Crowd – Novak Djokovic was caught sharing a joke with the Centre Court crowd before his first-round thrashing of Juan Carlos Ferrero at Wimbledon on Monday – pretending to have brought his golf clubs on court by mistake. [metro]

Human-Powered Helicopter Sets New Record – A team from the University of Maryland’s Clark School of Engineering has shattered the record for the longest flight time for a human-powered helicopter. [huffpo]

Zuma Calls On ANC To Root Out Corruption – South Africa’s president is calling on his African National Congress party to root out corruption and return to the values of its past. President Jacob Zuma opened the ANC policy conference, held every five years, on Tuesday. He received a warm if subdued greeting of song from about 3,000 delegates. [time]

Facebook Quietly Releases, Then Pulls ‘Stalker App’ – Facebook seemed to be taking a step in the location-based app direction with the launch of Find Friends Nearby. But only hours after releasing the new — yet very unofficial — feature, the company reeled it back in, pulling it from its iOS and Android apps, and disabling the mobile page. [wired]

Christians Must Confront Their Own ‘Disgust’ Over Homosexuality, Says Archbishop – Christians need to overcome their own feelings of embarrassment, shame and disgust about homosexuality, the Archbishop of Canterbury has insisted. [telegraph]

Pair Of Metal Detector Friends Discover Thousands Of Iron Age Coins Worth £10m – Two metal detector enthusiasts have uncovered Europe’s largest hoard of Iron Age coins worth up to £10million – after searching for more than 30 years. [dailymail]

This Is Why Adele’s Boyfriend Dumped Her – The heartbreak that inspired Adele to pen her Grammy-award-winning music was inspired by an ex-boyfriend who left her for her gay friend, a new biography claims. [huffers]

McDonald’s Sets World Record By Supersizing Its Olympic Park Location – Temporary McDonald’s location at the Olympic Games, which will seat 1,500, is coming under criticism for selling unhealthy food at an event that celebrates fitness. [nydailynews]

Own A Floating Island For $6.5 Million – An Austrian firm has come up what it hopes is the next big thing for the mega-rich: a man-made, floating island with a list price of 5.2 million euros ($6.5 million) Measuring 20 by 37 metres (66 by 121 feet), the “Orsos Island” has no engine but can be anchored anywhere its owners choose and then towed to another location the other side of the world if they so wish, Hungarian-born Gabor Orsos said. [luxuo]

50 Cent Released From Hospital After Car Accident – A month after 50 Cent was hospitalized with a blockage in his small intestine, Fif was back in the hospital Tuesday morning (June 26), this time after a car accident. He has since been released and is back on the mend. [mtv]

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COMING UP TODAY

The Rolling Stone Chart Show – 2ov Radio has teamed up with Rolling Stone magazine to bring you the weekly charts at 12h45 each Wednesday – live to your radio / car / mobile phone on the Just Josie Show! Followed by Food and Wine pairing with Maryna from Wine-Extra and Miss K Cafe. [rollingstone]

The Bailey Schneider Show -Singer and songwriter, Elan Lea joins Bailey from 14h00-15h00. [baileyschneider]

FRESH PODCASTS

Johnny Tool’s Khan Morbee Stunt on The Rock Dimension – Thursday saw the debut of Gary Cool’s stuntman Jonny Tool. Gary called a restaurant in Durban and made a reservation for The Parlotones front man ‘Khan Morbee’ and then asked Jonny Tool to pitch up in eye liner, a red tie and Khan’s trademark hat. Check out the podcast where Tool takes orders from Gary Cool through his ear piece throughout the stunt. [podcast]