Nov 29 (Reuters) - The following are the top stories on
the business pages of British newspapers. Reuters has not
verified these stories and does not vouch for their accuracy.
The Times
- Insurance company Aviva has contacted investors in bid
target Direct Line, a move that could pave the way for
a hostile takeover of the smaller rival.
- Macquarie has proposed buying waste management company
Renewi ( SHMCF ) for 700.9 million pounds($890.14 million), the
companies said on Thursday, more than a year after the asset
manager's first attempt to take over the British firm.
The Guardian
- U.S.-based investment group Fortress Investment Group will buy
British cafe-bar and restaurant chain Loungers at an
enterprise value of about 350.5 million pounds, the two firms
said on Thursday.
- Britain's markets watchdog on Thursday re-cast proposals to
publicly name companies under investigation, in its latest
effort to defuse a fierce backlash against plans that have been
labelled misjudged and harmful to London's competitiveness.
The Telegraph
- The bid for Britain's Telegraph newspaper has been extended
until the end of the year as preferred bidder Dovid Efune faces
funding delays.
Sky News
- Marks and Spencer ( MAKSF ) and Kingfisher are among the
retailers which are circling the remaining Homebase estate of
close to 50 outlets, ahead of a deadline for offers on Friday.
- Leading investors in Wefox, the troubled European insurance
company, are engineering a 150 million euro($158.48
million)refinancing to avert the need to sell one of its most
valuable remaining assets.
The Independent
- British lawmakers will debate proposals to allow mentally
competent, terminally ill adults in England and Wales, with six
months or less left to live, the right to choose to end their
lives with medical help.
($1 = 0.7874 pounds)
($1 = 0.9465 euros)
(Compiled by Bengaluru newsroom)