What The Papers Said: A round-up of Sunday business stories
Monday 22 February 1999
Monsanto obtained copies of confidential European Commission documents ahead of a meeting in 1998 which approved milk from cattle treated with its bovine growth hormone (BST), according to Canadian government documents. The US biotech giant is also under fire in America, where it is pursuing farmers through the courts for not paying licence fees on its seeds.
The Government is set to announce a flotation of a 49 per cent stake in British Nuclear Fuels (BNFL) within the next month, although the sale may raise less than the expected pounds 1.5bn as institutions use new energy regulations to argue for a lower price.
A global price war could wipe out profits at Weetabix, the breakfast cereal maker, according to the Ofex-listed company's annual report which will be sent out to shareholders this week.
Unilever is expected to use its pounds 6bn cash pile to launch a pounds 1.5bn-pounds 2bn share buyback when the Anglo-Dutch consumer giant announces its full-year figures on Tuesday.
Laura Ashley may be taken private by its 40 per cent shareholder Malaysian United Industries in a bid to radically restructure the ailing fashion retailer.
However, Malaysian curbs on overseas investment could prevent any takeover move in the immediate future.
The pounds 3bn privatisation of British Nuclear Fuels (BNFL) could be delayed by row between the Department of Trade and Industry and the KPMG team, which has been looking into the options for selling off BNFL.
KPMG's final report is expected to recommend a flotation, which could prompt the Government to request further studies and may mean any proceeds from the sell-off might not reach the Treasury before the next general election.
- 1 King Salman: Just five days in, Saudi Arabia's new king has already overseen a beheading
- 2 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Presidential optical illusion offers clues to how brain processes faces
- 5 Grumpy Roald Dahl letter warning student to 'eschew beastly adjectives' rediscovered after 35 years
King Salman: Just five days in, Saudi Arabia's new king has already overseen a beheading
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Presidential optical illusion offers clues to how brain processes faces
Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
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