LONDON, March 17 British newspapers reported the
following business stories on Sunday:
The Sunday Times
QATARIS PLAN 8 BLN STG SWOOP ON M&S
One of the Middle East's richest investment funds is seeking
partners to launch an 8 billion pound ($12.10 billion) bid for
Marks & Spencer, the FTSE 100 high street retailer.
U.S. TO GRAB HELICOPTER RESCUE DEAL
An American helicopter operator is set to win a 3 billion
pound contract to take over Britain's search and rescue service.
Bristow, which is listed in New York and based in
Houston, has beaten Bond Aviation, a British rival, to secure
the 13-year deal.
SHELL BUYS CHIEF'S 2.9 MLN STG HOME IN GOLDEN GOODBYE
Royal Dutch Shell has given a former executive an
extraordinary severance package that includes the purchase of
his 2 million pound house - and 857,000 pounds in cash to
compensate for its fall in value.
CABLE REACHES FOR SKY
Britain's Business Secretary Vince Cable will reveal plans
this week to invest 1 billion pounds in the aerospace industry
over the next decade.
TWO WEEKS TO SAVE NUCLEAR PLANT
Plans to build Britain's first nuclear power station in two
decades could collapse in a fortnight unless the government
agrees to provide tens of billions of pounds in subsidies.
FUNDS BID FOR RBS NETWORK
More than 20 of Britain's biggest fund managers will this
week table a formal offer to buy 315 Royal Bank of Scotland
NATIONWIDE FACES BLACK HOLE IN RESERVES
Britain's biggest building society Nationwide is facing the
possibility of a multi-million-pound capital shortfall under
potential new rules designed to prevent a repeat of the
WAITROSE FUMES AT OCADO'S PLANNED TIE-UP WITH RIVAL
Waitrose is examining whether its long-standing contract
with Ocado would be breached by the online grocer's
surprise plan for a tie-up with Morrisons.
DUTCH CLEAR WAY FOR NUCLEAR SALE
Holland has dropped its historic opposition to a sale of
Urenco, clearing the way for a full privatisation of the
state-backed nuclear fuel maker.
HURRICANE'S 500 MLN STG FLOAT
A North Sea oil explorer is set to join the rush of
companies coming to the market with a 500 million pound London
FALKLAND OIL FIRM IN INVESTOR REVOLT
A shareholder revolt has erupted at Rockhopper Exploration
, the company that made a big find of oil near the
DEADLINE LOOMS FOR HMV RESCUE
Administrators are racing to secure the future of music
retailer HMV this week before the bust high street chain is hit
with a rent bill running into tens of millions of pounds.
400 MLN STG CASH CALL AT TROUBLED MINING GIANT
ENRC,, a FTSE 100 mining company under
investigation by the Serious Fraud Office has started work on a
400 million pound rights issue to bolster its balance sheet.
The fundraising will also help ENRC, whose main operations
are in Kazakhstan, meet new London listing rules - a change that
it inspired following a boardroom bust-up two years ago.
The Sunday Telegraph
APAX APPROACHED OVER POTENTIAL 1 BLN STG SALE OF TRAVELEX
Apax, one of Europe's biggest private equity firms, has been
approached over a potential 1 billion pound sale of Travelex,
the foreign exchange business.
Although the talks, thought to be with an Asian buyer, were
unsolicited, they could still end up sparking a formal sales
process later this year.
BOOST FOR HIGGINSON'S RBS BRANCH BID
Andrew Higginson has drafted in a group of banking veterans
to bolster his bid for Royal Bank of Scotland's Williams and
Glyn's branch business ahead of Thursday's bid deadline.
TOPSHOP'S BILLION DOLLAR U.S. PUSH
Sir Philip Green has revealed he wants Topshop to be a
billion-dollar business in America over the next five years, as
the brand which is a staple of the UK high street plans for
significant global expansion.
MURDOCH'S SKY TO TAKE ON REGIONAL NEWSPAPERS
BSkyB is eyeing a move into local news that would
pitch Rupert Murdoch's broadcasting giant into competition with
regional newspaper groups such as Trinity Mirror and
The Mail on Sunday
FEUDING AIRLINE CHIEFS UNITE FOR ATTACK ON PASSENGER TAX
Rival airline chiefs have joined forces in an unprecedented
show of unity to call on the Chancellor to scrap Air Passenger
Duty in Wednesday's budget to boost growth.