Sunday Round-Up: The main stories from yesterday's City pages

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The Independent Online
The Sunday Telegraph - Lonrho and Gencor are considering merging their South African platinum interests for a flotation, creating a combine to challenge world leader Rustenburg.

Enterprise Oil will this week promise Lasmo investors a big dividend rise and a bigger share of Enterprise's enlarged equity if they accept its hostile bid.

Jupiter Tyndall, the fund management group headed by John Duffield, is expected to sell its banking arm, which last year made pounds 3.2m on deposits of pounds 370m.

The Sunday Times

NM Rothschild, BZW and Spicer & Pegler come under fire in the Department of Trade and Industry's report into the 1990 collapse of British & Commonwealth, the financial services group.

Currys, the electrical retailer owned by Dixons, is to close 80 high street stores as part of a drive to shift the chain's focus to the booming out-of-town market.

Enterprise Oil plans to boost the terms of its bid for Lasmo.

Amstrad, the consumer electronics group, is believed to be considering an acquisition worth pounds 50m- pounds 100.

The Mail on Sunday

Losers in last week's pounds 250m auction of Gerald Ronson's Heron Group claimed the successful bidder, HNV Acquisitions, a US investor group, had access to exclusive information. Heron denies that any information passed from its management to HNV.

The Inland Revenue may face legal claims for hundreds of millions of pounds from international oil companies operating in the North Sea for money they claim is owed to them under complicated tax laws for North Sea oil revenues.

Liquidators are investigating the transfer of pounds 16m from the now- defunct company responsible for John Broome's failed project to build a theme park at Battersea power station to another John Broome company called Alton Towers Ltd.

The Observer

The Government is expected soon to announce that it is privatising more than 1,000 of the BBC's transmission sites, against the corporation's wishes. National Transcommunications is likely to be interested in buying them.

The Government is expected to unveil plans this week for a compensation scheme to protect employees against pension fund fraudsters.

Independent on Sunday

The Bank of England may press the Chancellor to raise interest rates as early as this week if upward pressure on wages continues to mount, some City economists believe. Treasury ministers are also considering public spending cuts to allow room for tax cuts.

The Building Societies Commission is understood to have indicated informally that it would not oppose a complex scheme to allow Lloyds to take over Cheltenham & Gloucester.

Martin Sorrell, chief executive of WPP, is not an employee of the company, but is instead paid through a privately owned firm of which his mother is also a director. This allows Mr Sorrell to bypass Paye and deduct allowable expenses against tax.

The Press Association is expecting to float on the stock market in two or three years.

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