What The Papers Said: A round-up of Sunday business stories

n Up to 5,000 jobs in the UK components sector could be lost as BMW transfers 10-15 per cent of its buying overseas, a leading supplier of parts to Rover, Delphi Automotive Systems, estimates. BMW and the Government are reported to be close to agreeing a package to rescue Rover's Longbridge plant.

n Property developer Regalian is on a short list of two to redevelop the Chelsea Barracks, home of the Coldstream Guards. The Ministry of Defence will have to find an alternative home for the Guards and is considering buying the Battersea Power Station site.

n The Chancellor, Gordon Brown, is lining up allies in Europe to continue opposing plans for a eurobond tax, following last week's vote in the European Parliament in favour of a withholding tax.

n A series of measures to help small businesses is set to be a key element in this year's Budget, including ways to cut their tax. The Chancellor is looking at either making enhanced first-year capital allowances for investment in plant and equipment permanent or cutting their 20 per cent tax rate.

n Shares in BAe are likely to rise today following the news that Greece is committed to buying up to 80 Eurofighter Typhoon aircraft, worth pounds 2.8bn.

n The Freemans catalogue business is forcing suppliers to increase the discounts they offer it from 8 per cent to up to 10.5 per cent, less than a month after its parent group Sears was taken over by Philip Green.

n BP Amoco is set to cull more high-level jobs as the newly merged oil giant aims for a 40 per cent reduction in its corporate staff.

n It will take two and a half to three years for high street banks and shops to introduce euro notes and coins if the UK decides to join the single currency, according to a report by the Treasury due out this month.

n Businesses in the UK pay higher taxes, when measured as a proportion of national income, than any other top industrial country, according to an unpublished study by the Organisation for Economic Co-operation and Development.

n The Government received offers from trade buyers for Railtrack at the time of its privatisation which could have raised pounds 1bn more than the 1996 flotation netted. Nomura, Morgan Stanley and Babcock & Brown were all possible buyers.

n National Power, the UK generator, is thinking about demerging its international business in order to boost its share price, after its plans to unlock shareholder value through a merger with the electricity and water group United Utilities fell through.

n Harvey Nichols, the upmarket retailer, is set to open a new store in Manchester's Arndale Centre.

n LineOne, the Internet service provider, is to cut 46 of its 110 staff, as it battles against the success of Dixon's Freeserve service.

n Two Vaux breweries, in Sunderland and Sheffield, are facing closure even if the planned management buyout, led by the chairman's brother Frank Nicholson, goes ahead.

n RJB Mining is considering buying mines overseas in order to reduce its dependency on the declining British coal industry.

n Whitbread is thinking about launching a pounds 1.2bn bid for its smaller rival Greenalls, which would strengthen its position as a leading pubs and hotels group. Such a move could prompt Scottish & Newcastle to mount a counterbid.

n National Power is planning to demerge its international arm, and could unveil a stock market float or partial sale of the business in 2000.

n Mobile phone group Orange has linked up with Fujitsu of Japan and Cisco and Ascend in the US to trial technology for the next generation of mobile phones. The companies will also launch a pilot scheme in Bath and Bristol.

n Diversified building materials group Polypipe is in talks with Avonside, the building services and distribution group, that could lead to bid valuing Avonside at pounds 20m.

n Chelsea Building Society has rejected a pounds 400m takeover approach from a consortium headed by the former Chancellor, Lord Lawson of Blaby.

n A report due out from the rail regulator next month will criticise Railtrack for failing to invest in modernisation and lacking targets for its investment programme. The Deputy Prime Minister John Prescott could force the track operator to cut the access fees it charges train companies.

n Users of Dixons' free Internet service Freeserve will soon be able to pick up emails over the phone. The phone calls will be at a premium rate and Dixons could collect up to 9p a minute.

n Sfx Entertainment, a US-based promoter whose clients include the basketball player Michael Jordan and the pop star Billy Joel, may make a counter offer for Wembley. Enic, the sports investment group founded by Joe Lewis, has already made an informal pounds 228m cash and shares bid, but Sfx is expected to table an all cash offer.

Arts and Entertainment
Sydney and Melbourne are locked in a row over giant milk crates
art
News
Netherlands' goalkeeper Tim Krul fails to make a save from Costa Rica's midfielder Celso Borges during a penalty shoot-out in the quarter-final between Netherlands and Costa Rica during the 2014 FIFA World Cup
newsGoalkeepers suffer from 'gambler’s fallacy' during shoot-outs
News
A scene from the video shows students mock rioting
newsEnd-of-year leaver's YouTube film features playground gun massacre
Travel
travel
PROMOTED VIDEO
Voices
A family sit and enjoy a quiet train journey
voicesForcing us to overhear dull phone conversations is an offensive act
News
i100This Instagram photo does not prove Russian army is in Ukraine
News
Kenny Ireland, pictured in 2010.
peopleActor, from House of Cards and Benidorm, was 68
News
Morrissey pictured in 2013
people
Sport
sportVan Gaal has £500,000 video surveillance system installed to monitor Manchester United players
Environment
View from the Llanberis Track to the mountain lake Llyn
Du’r Arddu
environmentA large chunk of Mount Snowdon, in north Wales, is up for sale
Life and Style
Martha Stewart wrote an opinion column for Time magazine this week titled “Why I Love My Drone”
lifeLifestyle guru Martha Stewart reveals she has flying robot... to take photos of her farm
News
ebookA unique anthology of reporting and analysis of a crucial period of history
News
i100
Life and Style
The director of Wall-E Andrew Stanton with Angus MacLane's Lego model
gadgetsDesign made in Pixar animator’s spare time could get retail release
News
peopleGuitarist, who played with Aerosmith, Lou Reed and Alice Cooper among others, was 71
Environment
Tyred out: should fair weather cyclists have a separate slow lane?
environmentFormer Labour minister demands 'pootling lanes' for women cyclists
News
people
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

1st Line Support Technician / Application Support

£20000 - £24000 per annum: Harrington Starr: A leading provider of web based m...

Team Secretary - (Client Development/Sales Team) - Wimbledon

£28000 - £32000 per annum: Ashdown Group: Secretary (Sales Team Support) - Mat...

Accountant / Assistant Management Accountant

Competitive (DOE): Guru Careers: We are looking for an Assistant Management Ac...

Senior Investment Accounting Change Manager

£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...

Day In a Page

Dress the Gaza situation up all you like, but the truth hurts

Robert Fisk on Gaza conflict

Dress the situation up all you like, but the truth hurts
Save the tiger: Tiger, tiger burning less brightly as numbers plummet

Tiger, tiger burning less brightly

When William Blake wrote his famous poem there were probably more than 100,000 tigers in the wild. These days they probably number around 3,200
5 News's Andy Bell retraces his grandfather's steps on the First World War battlefields

In grandfather's footsteps

5 News's political editor Andy Bell only knows his grandfather from the compelling diary he kept during WWI. But when he returned to the killing fields where Edwin Vaughan suffered so much, his ancestor came to life
Lifestyle guru Martha Stewart reveals she has flying robot ... to take photos of her farm

Martha Stewart has flying robot

The lifestyle guru used the drone to get a bird's eye view her 153-acre farm in Bedford, New York
Former Labour minister Meg Hillier has demanded 'pootling lanes' for women cyclists

Do women cyclists need 'pootling lanes'?

Simon Usborne (who's more of a hurtler) explains why winning the space race is key to happy riding
A tale of two presidents: George W Bush downs his paintbrush to pen father’s life story

A tale of two presidents

George W Bush downs his paintbrush to pen father’s life story
Restaurateur Mitch Tonks has given the Great Western Pullman dining car a makeover

The dining car makes a comeback

Restaurateur Mitch Tonks has given the Great Western Pullman dining car a makeover
Gallery rage: How are institutions tackling the discomfort of overcrowding this summer?

Gallery rage

How are institutions tackling the discomfort of overcrowding this summer?
Louis van Gaal has £500,000 video surveillance system installed to monitor Manchester United players

Eye on the prize

Louis van Gaal has £500,000 video surveillance system installed to monitor Manchester United players
Women's rugby: Tamara Taylor adds fuel to the ire in quest to land World Cup

Women's rugby

Tamara Taylor adds fuel to the ire in quest to land World Cup
Save the tiger: The day America’s love of backyard tigers led to a horrific bloodbath

The day America’s love of backyard tigers led to a horrific bloodbath

With only six per cent of the US population of these amazing big cats held in zoos, the Zanesville incident in 2011 was inevitable
Samuel Beckett's biographer reveals secrets of the writer's time as a French Resistance spy

How Samuel Beckett became a French Resistance spy

As this year's Samuel Beckett festival opens in Enniskillen, James Knowlson, recalls how the Irish writer risked his life for liberty and narrowly escaped capture by the Gestapo
We will remember them: relatives still honour those who fought in the Great War

We will remember them

Relatives still honour those who fought in the Great War
Star Wars Episode VII is being shot on film - and now Kodak is launching a last-ditch bid to keep celluloid alive

Kodak's last-ditch bid to keep celluloid alive

Director J J Abrams and a few digital refuseniks shoot movies on film. Simon Usborne wonders what the fuss is about
Once stilted and melodramatic, Hollywood is giving acting in video games a makeover

Acting in video games gets a makeover

David Crookes meets two of the genre's most popular voices