News

Unilever has announced plans to ditch PricewaterhouseCoopers after 27 years and is set to move its  £18 million a year audit to rival KPMG.

Carsberg seeks tougher line on competiton

Sir Bryan Carsberg, the Director General of Fair Trading, yesterday launched a blistering attack on Britain's approach to competition policy.

Court delays Glaxo's final move

Wellcome, the drugs firm under siege from Glaxo in a £9bn bid, yesterday gained an extra few days breathing space to continue its search for a white knight.

BAe snubs joint-bid offer from GEC

British Aerospace is understood to have spurned a proposal by GEC that the two companies make a joint takeover bid for VSEL, the builder of submarines.

GEC considers offer for VSEL

A BATTLE for VSEL, the Trident submarine builder, loomed yesterday with the announcement that GEC had appointed Lazard Brothers as its adviser on a potential bid.

Letter: Price war on Fleet Street

Sir: Although I did enjoy the pleasant surprise of only being charged 20p for my copy of the Independent today, I must agree wholeheartedly with the message of your editor Andreas Whittam Smith.

Blagden hit by price war in Europe

A VICIOUS price war has undermined profits at Blagden Industries, the steel drum manufacturer.

Granada prepares to raise LWT cash offer

GRANADA, the television to catering group, is preparing to raise the stakes in its hostile bid for London Weekend Television this week by increasing the value of its cash offer, writes John Murray.

GRE trims term assurance rates

Guardian Royal Exchange is cutting its term assurance rates and now claims to be among the most competitive companies in this area of the market.

BA and Virgin resume talks

BRITISH AIRWAYS and Virgin will resume their long-running peace talks tomorrow after they broke down on Friday. Agreement appeared to have been reached - Virgin was on the verge of issuing a press release to that effect - when a last- minute change of heart by BA scuppered the deal.

Airtours' bid for Owners escapes MMC reference

THE pounds 225m takeover bid by Airtours for Owners Abroad, two leading British holiday companies, has escaped an investigation by the Monopolies and Mergers Commission despite a call for one by Professor Sir Bryan Carsberg, Director General of Fair Trading.

Commentary: Alternatives to Dan-Air

Like a full-laden passenger jet fast approaching the end of the runway, David James and Dan-Air are about to arrive at the moment of truth: will the airline fly or will it belly flop?

Lipworth calls for new EC competition body

SIR Sidney Lipworth, chairman of the Monopolies and Mergers Commission, has called for radical changes in the handling of competition issues in the European Community.

MMC to study milk sale

THE Monopolies and Mergers Commission is to investigate the proposed sale of the Scottish dairies business of the Co-operative Wholesale Society to the Scottish Milk Marketing Board, writes Patrick Hosking.
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