Sunday 30 July 1995
John Baker, chairman of National Power, called for the bid to be referred to the Monopolies & Mergers Commission. Manoeuvring by other utility stocks continued, with South Western Electricity flirting with the market over a bumper payout for shareholders, if they reject US Southern Electric International's hostile bid.
The MMC demanded Lyonnaise des Eaux introduce tough price controls as a condition of its bid for Northumbrian Water proceeding. Reuters reported profits growth of 17 per cent for the half-year stage, but warned it could not be assured of continued double-digit growth next year. The shares had shed 28p to 528p by Friday.
Euro Disney, the Paris theme park, with its shares quoted in London and Paris, reported its first profit. It made FFr170m (pounds 21.9m) in the third quarter. It said it may even be able to break even for the full year.
The tangled manoeuvring around the Greenbury report continued when Chancellor Kenneth Clarke made some limited concessions to his proposed income tax for share options. Options already granted would be excluded from the new tax. But backbenchers said they would still oppose the measures when they appear in the finance bill.
- 1 Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
- 2 New Zealand 'the best country to work as a prostitute', says sex worker advocacy group
- 3 Purity balls: Girls in the US making virginity pledges as fathers vow to 'protect purity'
- 4 Mother 'will allow son's circumcision in return for release from prison'
- 5 Female Muay Thai champion hustles coaches to give them a beating
Greek hospitals cannot afford painkillers, scissors or sheets as budget cuts bite
Purity balls: Girls in the US making virginity pledges as fathers vow to 'protect purity'
Female Muay Thai champion hustles coaches to give them a beating
Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
Picture of couple posing with beached dolphin 'that later died' causes outrage
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
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