Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

What The Sunday Business Papers Said

Monday 30 August 1999 00:02 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.

t Rupert Murdoch is thinking of buying Deutsche Telecom's cable television network in Germany in the face of competition from more than a dozen rivals. The deal would cost NewsCorp up to pounds 10bn.

t The French banking watchdog has blocked the bid by Banque National de Paris to take over its rival Societe Generale. The decision marks the end of one of the most acrimonious takeover battles in French history.

t James Brown, former editor of Loaded and GQ magazines, is said to have secured backing to launch is own, publishing company. Called IFG, the new company is hoping to launch four new titles.

t NatWest is courting Friends Provident, Britain's fourth largest mutual life insurance company, with a view to a pounds 4.5bn takeover. The deal would deliver windfalls of thousands of pounds to about 2 million policyholders.

t Nissan UK, the British arm of the Japanese car maker, is seeking pounds 100m in government aid to help fund future production at its Sunderland factory.

t British Midland is being circled by four of Europe's leading airlines. Lufthansa, Virgin, Air France and KLM have all approached the company about a pounds 1bn deal. A deal would need the approval of controlling shareholder Sir Michael Bishop.

t The Banque National de Pari bid to takeover Societe Generale has been blocked by the French banking regulators. It has ordered BNP to give up its stake in SocGen.

t Carrefour, the French hypermarket group, is planning a pounds 30bn merger with rival Promodes. The deal would create a French giant to rival Wal- Mart, which has expanded in Germany and the UK.

t An environmental report on nuclear reprocessing could cast a cloud over the Government's pounds 1.5bn privatisation of British Nuclear Fuels.

t BSkyB is to invest pounds 20m in original programming production this year, according to its chief executive, Tony Ball.

t The leading American economist John Kenneth Galbraith, author of the The Great Crash 1929, has warned that US stock markets face a correction. He says markets have been driven higher by speculative enthusiasm "bordering on insanity".

t Scottish & Newcastle, Britain's biggest brewer, is considering a pounds 1bn bid for Greenalls' managed pub estate. Greenalls' pub brands include Miller's Kitchen, Squares and Henry's Table.

t Directors of Storehouse, the troubled Bhs and Mothercare retailer, are to discuss a break-up of the company at a board meeting next month.

t The chief executive of BSkyB, Tony Ball, is to seek talks with rival OnDigital this week in an attempt to heal the rift between the two on sports rights.

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