What The Papers Said

A round-up of Sunday business stories
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The Independent Online
The Government's proposed aid for Rover's Longbridge plant has come under attack from Porsche's chairman, Wendelin Wiedeking, who is writing to the European Union's Competition Commissioner in protest. Mr Wiedeking also attacked the level of subsidies being received by Porsche's rivals, such as Jaguar, owned by Ford.

British Aerospace could soon buy Casa, the Spanish aerospace group, while the privately owned French aircraft maker Dassault is also hinting at an alliance with BAe.

Asda is set to cut prices on thousands of goods ahead of the Budget next week following Tesco's price cuts in February. Analysts said Sainsbury's was likely to be hardest hit as the price war intensifies.

Richard Branson will announce 2,000 new jobs at Virgin Atlantic today, as the airline's rebranding is unveiled. New aircraft are due to be revealed in September.

Mirror Group newspapers will this week consider new bids from Trinity and Regional Independent Media which the regional groups were expected to table yesterday.

Computer hackers have altered the course of a British military communications satellite and demanded money to end their interference.

The OFT is investigating redemption penalties imposed by NatWest on borrowers wanting to switch from fixed-rate mortgages. If it finds that the penalties were more than required to cover NatWest's costs, or that borrowers were inadequately warned, it could ask the bank to unwind them. NatWest said it normally reduced charges when they exceeded its costs.

Kingfisher is expected to buy more than 12 large outlets from Co-operative Retail Services, in a move that would heighten speculation that the retail group, which owns B&Q and Woolworths, is preparing to roll out a new chain similar to the American Wal-Mart discount stores.

One2One could be floated this year by its owners, Cable & Wireless and the US telecoms company MediaOne, with analysts valuing the smallest of the UK's four mobile phone operators at pounds 7bn.

The low oil price is likely to prompt increased calls for tax breaks for oil firms in the Budget, as the industry warns that over 100,000 jobs are at risk.

M&C Saatchi, the advertising agency owned by Maurice and Charles Saatchi, could tie up with Saatchi & Saatchi, from which the brothers were ousted in 1995, in an attempt by the Saatchis to regain control of their family name.

The battle over Mirror Group Newspapers could be reignited this week as Regional Independent Media prepares to table a new bid.

British Biotech has offered its former head of clinical research, Dr Andrew Millar, a pounds 120,000 "without prejudice" settlement before the dispute between the two reaches the High Court. British Biotech is suing Dr Millar for "unblinding" drug trials, while Dr Millar is counter-suing for wrongful dismissal.

Swedish regulators are likely to start disciplinary proceedings against three traders, including Lord Archer's son James Archer, at Credit Suisse First Boston this week, in the wake of allegations that Mr Archer attempted to rig the Swedish stock market late last year. The tribunal, created last summer, can impose fines, call witnesses and even bar firms from the Stockholm exchange.

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