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All those new business start-ups that the Government keeps promoting need new homes, and the likes of Regus have been providing them with just that.

Fourth potential bidder for Portsmouth emerges

NEWS COMMUNICATIONS and Media yesterday became the fourth company to emerge as a possible bidder for Portsmouth & Sunderland Newspapers, the regional newspapers and convenience stores group, writes Peter Thal Larsen.

Newsquest confirms P&S takeover talks

NEWSQUEST, publisher of the Northern Echo and Oxford Mail, yesterday confirmed it is in preliminary takeover talks with Portsmouth & Sunderland Newspapers, which put itself up for sale last month after rejecting a bid approach from rival Johnston Press.

White knight for P&S newspapers

A CONSORTIUM of investors led by Charles Villiers, former head of Scottish Radio's newspaper division, emerged yesterday as one of at least four potential white knights willing to rescue Portsmouth & Sunderland newspapers from Johnston Press. Talks have taken place with Charles Brims, the chief executive of P&S, and the consortium has the resources to top Johnston's offer, Mr Villiers said.

Portsmouth jumps 10% on rival offers

SHARES IN Portsmouth & Sunderland jumped 10 per cent yesterday after the group said it had received alternative offers since Friday's hostile bid for 25 per cent of the company from its rival Johnston Press.

Johnston approach draws out bidders

PORTSMOUTH & Sunderland Newspapers said last night it had received approaches from other newspaper groups as well as venture capitalists following Friday's "smash and grab" bid by rival Johnston Press for 25 per cent of the group, writes Andrew Garfield.

Market Report: Blue chips dive as Brazilian worries spread

FOOTSIE FELL back below 6,000 points as the stock market fretted about Brazil, New York and the receding possibility of an interest rate cut next month.

Johnston moves in on newspaper rival

JOHNSTON PRESS, the regional newspaper group, yesterday launched an offer to buy 25 per cent of rival Portsmouth & Sunderland Newspapers, valuing the group at pounds 192m. It asked the Monopolies and Mergers Commission to investigate the implications of a full takeover.

Maiden issues shock profit warning

MAIDEN, THE UK's sole independent billboard advertising group, yesterday stunned the market with a profit warning that prompted fears of a general slowdown in advertising spending across the economy.

Blue chip: Trinity sees a boost in Mirror

EXCITEMENT for investors in Trinity International (560p) last week, as news emerged of a possible tie-up with Mirror Group Newspapers. Those talks have since been shelved, although there is every possibility that Trinity will end up with a sizeable chunk of any disposals in the shape of MGN's regional titles, if a bid emerges.

The Investment column: A great story in local news

THE LOCAL newspaper market has never been far from the City headlines over the last 18 months. The industry fireworks have been ignited by the big media groups who have put their regional newspapers up for auction to concentrate on more glamorous TV and publishing interests. The rapid consolidation of the market has lead to the creation of powerful and acquisition hungry newspaper groups such as Johnston Press.

Market report: Buying spree pushes Footsie over the 6,000 mark

HAVING spent a week catching their breath, the bulls were back out in force yesterday. With the first quarter - which is important for performance figures - out of the way, investors went on a buying spree which allowed the Footsie to close above the 6,000 mark for the first time.

Hollick sells Southern for pounds 47m to rival newspaper group

UNITED News & Media, Lord Hollick's publishing and television group, yesterday took the first step in the disposal of its regional newspaper division when it sold its Southern titles to rival group Southnews for pounds 47.5m.

Market Report: CU leads insurance advance as bid hopes rise

Insurers are taking over as the stock market's takeover favourites. This week they have stolen a march on the banks, with Commercial Union leading the charge.

Takeover of press group is blocked

The Government yesterday blocked the pounds 52m takeover of Home Counties Newspaper Holdings, the regional newspaper publisher, by Johnston Press.

Market Report: Scotia's calamity highlights decline of the biotech babes

The biotech babes, once the lusty, unstoppable infants of the stock market, are again in danger of being thrown out with the bath water.
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