Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Sunday Round-Up: The main stories fron yesterday's City pages

Sunday 07 August 1994 23:02 BST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Independent on Sunday

The Serious Fraud Office suffered a setback when all four defendants in a fraud case which followed the collapse of Seil Trade Finance were found not guilty last week after a three-month trial. The judge told the jury to put the testimony of one witness, an accountant for the SFO, out of their minds.

Consumer groups called for a crackdown on electricity prices ahead of the price controls to be announced by Offer next Thursday.

Observer

Cheltenham & Gloucester Building Society is tipped to reveal details of a new bonus scheme for members this week to clinch its proposed merger with Lloyds Bank.

Sunday Times

Industrialists are split over Michael Portillo's criticism of the Department of Trade and Industry. Lord Hanson described the DTI as being 'out of date', but Sir David Lees of GKN supported its work.

Sunday Telegraph

The emergence of Loewen, a Canadian group, as a rival to Service Corporation International of the US for Great Southern is expected to trigger an aggressive auction this week. Analysts say the price offered for the funeral group could top 750p.

Mail on Sunday

Octav Botnar, wanted in Britain in connection with an alleged pounds 238m tax fraud, has filed a claim for a pounds 100m VAT repayment from Switzerland. His claim was lodged by KPMG Peat Marwick.

Leading businessmen and politicians, including Sir John Nott, former defence minister, David Verey, chairman of Lazard Brothers, and Sir Adam Ridley, director of Hambros Bank, issued a High Court writ against Chiltern Financial Services. This firm was the tax adviser on a disastrous BES investment on which the Inland Revenue is likely to claw back tax relief.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in