Telegraph confirms what bookies suspected: it's Welby
Jonathan Wynne Jones and John Bingham report in the Telegraph:
Justin Welby, the Bishop of Durham, has accepted the post of Archbishop of Canterbury, The Daily Telegraph has learnt.Sources have confirmed that the Eton-educated bishop will be announced as successor to Dr Rowan Williams as early as Friday, after the Crown Nominations Commission put his name forward to Downing Street.
It marks a meteoric rise for the former oil executive who has been a bishop for less than a year, but insiders described Welby as "the outstanding candidate".
Last night a spokesman refused to confirm his appointment. But it came a few hours after he pulled out at short notice from a planned appearance on the BBC Radio 4 discussion programme Any Questions due to take place in County Durham on Friday.
He also cut short a retreat with diocesan staff returned to the capital where it is understood his wife is travelling down to join him tomorrow.

Just to be grotesquely redundant, Welby is Justin Welby, Bishop of Durham.
Torey Lightcap
Posted by www.facebook.com/profile.php?id=560747865
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November 7, 2012 4:57 PM
Oops. I thought the first paragraph of the story was a sub head, so I didn't paste it in. Fixed now.
Posted by Jim Naughton
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November 7, 2012 5:03 PM