Sunday Round-Up: The main stories from yesterdays City pages

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Independent on Sunday

Intense pressure is piling up on Graham Hearne to split his role as chairman and chief executive of Enterprise Oil after failure of the company's pounds 1.6bn takeover bid for its fellow explorer Lasmo.

Tottenham Hotspur could be given back some of the 12 points deducted from next season's Premier League, according to sources close to the Football Association.

Peace talks to end the increasingly bitter row over 'copycat' own-label products have collapsed after Britain's largest supermarket chains spurned a summit meeting with leading brand owners.

The struggling Hartstone Group is considering a rescue rights issue of between pounds 30m and pounds 40m.

Sunday Times

S G Warburg, key adviser to Enterprise Oil, will this week launch a post mortem into its client's disastrous pounds 1.6bn bid for Lasmo amid growing recriminations and division in the Enterprise camp.

The financial community will be asked to take on its most challenging cash-raising with the announcement that the blue-blooded merchant bank N M Rothschild is to assist Nuclear Electric, the power generator, to raise pounds 3.5bn to fund its Sizewell C reactor.

The Rank Organisation is about to unveil a 'close to nature' holiday resort for the environmentally conscious 21st century.

The long-awaited transformation of Battersea power station, London, into a multi-million- pound commercial and entertainment complex will begin next year, the site's owners say .

The cost of borrowing looks set to fall dramatically in the next few months as the price war that broke out among credit card companies in December spread to the mainstream banking sector last week.

Mail on Sunday

The huge profits of National Car Parks could be under threat from an investigation by the Office of Fair Trading.

Cheltenham & Gloucester has lost about pounds 22m out of a pounds 25m mortgage on a London hotel, one of the biggest single losses ever suffered by a building society.


British Rail is set to unveil substantially reduced losses for the past financial year as the row over the mounting cost of privatisation - now officially put at more than pounds 700m - intensifies.

A takeover of the National Car Parks group, which confirmed last week that it had received an approach, could result in a pounds 200m- plus flotation of its National Breakdown Service subsidiary.

Dixons' recent decision to accelerate the pace of its Currys store closures is expected to ensure that headline losses at the electrical retail group will top pounds 150m.

Sunday Telegraph

US bonds and the dollar could fall further this week unless the Federal Reserve pushes up interest rates at its meeting tomorrow.

Scottish Nuclear, which generates more than half of Scotland's electricity, is stepping up its privatisation initiative by taking on Lazard Brothers, the merchant bank, as its adviser.

John Wriglesworth, building society analyst at the broker UBS, is to join Bradford & Bingley as head of strategic planning.

Non-executive directors are ineffective in ensuring good corporate governance, according to a survey by City Research Associates.