LONDON Sun May 4, 2014 9:06am EDT
<span id="articleText"/>LONDON May 4 (Reuters) - British newspapers reported the following business stories on Sunday. Reuters has not independently verified these media reports and does not vouch for their accuracy.
<span id="midArticle_0"/><span id="midArticle_1"/>The Sunday Times
<span id="midArticle_2"/><span id="midArticle_3"/>PFIZER'S 63 BLN STG 'BEAR HUG' ON ASTRA DIRECTORS
<span id="midArticle_4"/>Pfizer is preparing a "bear hug" attack on AstraZeneca in an attempt to force through its 63 billion pound ($106 billion) takeover of its British rival.
<span id="midArticle_5"/>Senior sources at the American pharma conglomerate said it would lobby Astra shareholders to force the company into talks by warning it would not increase its 50 pounds-a-share offer.
<span id="midArticle_6"/>It would also highlight alleged weaknesses in Astra's drug development programme.
<span id="midArticle_7"/><span id="midArticle_8"/>BARCLAYS TO SELL UP IN EUROPE AS PRESSURE GROWS ON JENKINS
<span id="midArticle_9"/>Barclays will hoist a "for sale" sign over its businesses in Spain, France, Italy and Portugal this week as part of a radical cost-cutting exercise.
<span id="midArticle_10"/><span id="midArticle_11"/>REBELLION GAINS PACE AT TESCO
<span id="midArticle_12"/>Tesco faces a wave of investor unrest at its annual general meeting as frustration over the supermarket's poor performance and unclear strategy starts to boil over.
<span id="midArticle_13"/><span id="midArticle_14"/>ONE THIRD OF BRITAIN'S TRAINS FOR SALE
<span id="midArticle_15"/>One-third of Britain's trains are up for sale after Porterbrook, one of the three giant leasing companies that own the rolling stock, put itself on the market, with analysts citing a price tag of over 2 billion pounds ($3.4 billion).
<span id="midArticle_0"/><span id="midArticle_1"/>MOTHERCARE GOES CRYING TO BANKS ONCE AGAIN
<span id="midArticle_2"/>Struggling British baby products retailer Mothercare is renegotiating the terms of its bank loans only seven months after securing a 90 million pound ($152 million) refinancing, as it tries to fund investment in the group.
<span id="midArticle_3"/><span id="midArticle_4"/>MYNERS TO CALL FOR CO-OP CLEAR OUT
<span id="midArticle_5"/>Former government minister Paul Myners will this week call for sweeping reform of the Co-Operative Group's board to help pull the mutual back from the brink, when he publishes his report on its corporate structure on Wednesday.
<span id="midArticle_6"/><span id="midArticle_7"/>LLOYDS PRIVATE EQUITY BOSS STEPS DOWN
<span id="midArticle_8"/>Darryl Eales, the head of Lloyds Banking Group's private equity arm, LDC, has stepped down after 11 years.
<span id="midArticle_9"/><span id="midArticle_10"/>The Sunday Telegraph
<span id="midArticle_11"/><span id="midArticle_12"/>GROCERY GIANTS FACE MORE SALES PRESSURE
<span id="midArticle_13"/>Two of Britain's top supermarkets, Wm Morrison and J Sainsbury, are this week expected to explain how they intend to take on the increasing might of the European discounters amid falling sales.
<span id="midArticle_14"/><span id="midArticle_15"/>GIANTS LINE UP FOR UK TAX BREAKS
<span id="midArticle_0"/>Hundreds of multi-national companies are lining up to establish operations in the UK, paving the way for thousands of new jobs and billions of pounds in extra tax revenues.
<span id="midArticle_1"/><span id="midArticle_2"/>POLITICAL PRESSURE ON CENTRICA'S RATING
<span id="midArticle_3"/>Centrica faces losing its "A"-grade credit rating for the first time as political pressure takes its toll on the embattled utility, after ratings agency Moody's placed the British Gas owner on review for downgrade.
<span id="midArticle_4"/><span id="midArticle_5"/>WONGA WARNS ON PAYDAY LOAN REGULATION
<span id="midArticle_6"/>Wonga, the technology-powered finance company, has warned that over-regulating the payday loan sector could stymie competition and reduce investment.
<span id="midArticle_7"/><span id="midArticle_8"/>Mail on Sunday
<span id="midArticle_9"/><span id="midArticle_10"/>PFIZER READY WITH 50 POUNDS-PLUS BID AFTER ASTRAZENECA SNUB
<span id="midArticle_11"/>American pharmaceutical giant Pfizer is understood to be working on an enhanced bid for AstraZeneca to come at the end of the week after an offer for the company was rejected after just four hours on Friday.
<span id="midArticle_12"/><span id="midArticle_13"/>SAINSBURY'S FACES 100 MLN STG PROFIT BLOW IN PRICE WAR
<span id="midArticle_14"/>Sainsbury's will plunge into the supermarket price war this week when it unveils annual results amid City fears that discounting will wipe billions of pounds off retailers' profits in the coming year.
<span id="midArticle_15"/>Some analysts believe Sainsbury's is preparing to launch price cuts and promotions worth up to 200 million pounds ($337 million) to defend itself.
<span id="midArticle_0"/><span id="midArticle_1"/>KUWAITIS TEAM UP WITH CHURCH OF ENGLAND FOR STAKE IN BANK
<span id="midArticle_2"/>The Kuwait sovereign wealth fund has lined up alongside the Church of England as a surprise backer of Williams & Glynn - the bank whose founders funded the Victorian railways - which is being revived by RBS.
<span id="midArticle_3"/><span id="midArticle_4"/>M&S FACING STRIKE OVER 20 PCT PAY CUT
<span id="midArticle_5"/>Marks & Spencer faces potential strike action at its Irish business, where it makes almost half of international sales, after proposed pay and pension cuts were rejected by staff.
<span id="midArticle_6"/><span id="midArticle_7"/>Sunday Express
<span id="midArticle_8"/><span id="midArticle_9"/>PFIZER MULLING A FRESH TAKEOVER BID
<span id="midArticle_10"/>U.S. drugs giant Pfizer is understood to be considering making a new, improved multi-billion pound offer for British rival AstraZeneca, which could come as early as this week.
<span id="midArticle_11"/><span id="midArticle_12"/>PRIORY EYES UP 1 BLN STG FLOTATION
<span id="midArticle_13"/>Advent International, the private equity owner of the Priory Group, best known for offering rehabilitation to troubled celebrities, is understood to be considering options for the business, including a float which could value the firm at more than 1 billion pounds ($1.7 billion).
<span id="midArticle_14"/><span id="midArticle_15"/>SAINSBURY'S UNDER PRICE-WAR PRESSURE
<span id="midArticle_0"/>Sainsbury's will come under pressure to join the raging supermarket price war as it looks set to post its slowest profits growth in almost 10 years this week.
<span id="midArticle_1"/><span id="midArticle_2"/>ASDA STARTS SEARCH FOR LONDON STORES
<span id="midArticle_3"/>ASDA has fired the starting gun on ambitious expansion plans that will see it open 20 stores in London, creating about 4,000 new jobs.
<span id="midArticle_4"/>($1 = 0.5927 British Pounds) (Writing by Neil Maidment; Editing by Sophie Hares)
<span id="midArticle_5"/>
<span id="articleText"/>LONDON May 4 (Reuters) - British newspapers reported the following business stories on Sunday. Reuters has not independently verified these media reports and does not vouch for their accuracy.
<span id="midArticle_0"/><span id="midArticle_1"/>The Sunday Times
<span id="midArticle_2"/><span id="midArticle_3"/>PFIZER'S 63 BLN STG 'BEAR HUG' ON ASTRA DIRECTORS
<span id="midArticle_4"/>Pfizer is preparing a "bear hug" attack on AstraZeneca in an attempt to force through its 63 billion pound ($106 billion) takeover of its British rival.
<span id="midArticle_5"/>Senior sources at the American pharma conglomerate said it would lobby Astra shareholders to force the company into talks by warning it would not increase its 50 pounds-a-share offer.
<span id="midArticle_6"/>It would also highlight alleged weaknesses in Astra's drug development programme.
<span id="midArticle_7"/><span id="midArticle_8"/>BARCLAYS TO SELL UP IN EUROPE AS PRESSURE GROWS ON JENKINS
<span id="midArticle_9"/>Barclays will hoist a "for sale" sign over its businesses in Spain, France, Italy and Portugal this week as part of a radical cost-cutting exercise.
<span id="midArticle_10"/><span id="midArticle_11"/>REBELLION GAINS PACE AT TESCO
<span id="midArticle_12"/>Tesco faces a wave of investor unrest at its annual general meeting as frustration over the supermarket's poor performance and unclear strategy starts to boil over.
<span id="midArticle_13"/><span id="midArticle_14"/>ONE THIRD OF BRITAIN'S TRAINS FOR SALE
<span id="midArticle_15"/>One-third of Britain's trains are up for sale after Porterbrook, one of the three giant leasing companies that own the rolling stock, put itself on the market, with analysts citing a price tag of over 2 billion pounds ($3.4 billion).
<span id="midArticle_0"/><span id="midArticle_1"/>MOTHERCARE GOES CRYING TO BANKS ONCE AGAIN
<span id="midArticle_2"/>Struggling British baby products retailer Mothercare is renegotiating the terms of its bank loans only seven months after securing a 90 million pound ($152 million) refinancing, as it tries to fund investment in the group.
<span id="midArticle_3"/><span id="midArticle_4"/>MYNERS TO CALL FOR CO-OP CLEAR OUT
<span id="midArticle_5"/>Former government minister Paul Myners will this week call for sweeping reform of the Co-Operative Group's board to help pull the mutual back from the brink, when he publishes his report on its corporate structure on Wednesday.
<span id="midArticle_6"/><span id="midArticle_7"/>LLOYDS PRIVATE EQUITY BOSS STEPS DOWN
<span id="midArticle_8"/>Darryl Eales, the head of Lloyds Banking Group's private equity arm, LDC, has stepped down after 11 years.
<span id="midArticle_9"/><span id="midArticle_10"/>The Sunday Telegraph
<span id="midArticle_11"/><span id="midArticle_12"/>GROCERY GIANTS FACE MORE SALES PRESSURE
<span id="midArticle_13"/>Two of Britain's top supermarkets, Wm Morrison and J Sainsbury, are this week expected to explain how they intend to take on the increasing might of the European discounters amid falling sales.
<span id="midArticle_14"/><span id="midArticle_15"/>GIANTS LINE UP FOR UK TAX BREAKS
<span id="midArticle_0"/>Hundreds of multi-national companies are lining up to establish operations in the UK, paving the way for thousands of new jobs and billions of pounds in extra tax revenues.
<span id="midArticle_1"/><span id="midArticle_2"/>POLITICAL PRESSURE ON CENTRICA'S RATING
<span id="midArticle_3"/>Centrica faces losing its "A"-grade credit rating for the first time as political pressure takes its toll on the embattled utility, after ratings agency Moody's placed the British Gas owner on review for downgrade.
<span id="midArticle_4"/><span id="midArticle_5"/>WONGA WARNS ON PAYDAY LOAN REGULATION
<span id="midArticle_6"/>Wonga, the technology-powered finance company, has warned that over-regulating the payday loan sector could stymie competition and reduce investment.
<span id="midArticle_7"/><span id="midArticle_8"/>Mail on Sunday
<span id="midArticle_9"/><span id="midArticle_10"/>PFIZER READY WITH 50 POUNDS-PLUS BID AFTER ASTRAZENECA SNUB
<span id="midArticle_11"/>American pharmaceutical giant Pfizer is understood to be working on an enhanced bid for AstraZeneca to come at the end of the week after an offer for the company was rejected after just four hours on Friday.
<span id="midArticle_12"/><span id="midArticle_13"/>SAINSBURY'S FACES 100 MLN STG PROFIT BLOW IN PRICE WAR
<span id="midArticle_14"/>Sainsbury's will plunge into the supermarket price war this week when it unveils annual results amid City fears that discounting will wipe billions of pounds off retailers' profits in the coming year.
<span id="midArticle_15"/>Some analysts believe Sainsbury's is preparing to launch price cuts and promotions worth up to 200 million pounds ($337 million) to defend itself.
<span id="midArticle_0"/><span id="midArticle_1"/>KUWAITIS TEAM UP WITH CHURCH OF ENGLAND FOR STAKE IN BANK
<span id="midArticle_2"/>The Kuwait sovereign wealth fund has lined up alongside the Church of England as a surprise backer of Williams & Glynn - the bank whose founders funded the Victorian railways - which is being revived by RBS.
<span id="midArticle_3"/><span id="midArticle_4"/>M&S FACING STRIKE OVER 20 PCT PAY CUT
<span id="midArticle_5"/>Marks & Spencer faces potential strike action at its Irish business, where it makes almost half of international sales, after proposed pay and pension cuts were rejected by staff.
<span id="midArticle_6"/><span id="midArticle_7"/>Sunday Express
<span id="midArticle_8"/><span id="midArticle_9"/>PFIZER MULLING A FRESH TAKEOVER BID
<span id="midArticle_10"/>U.S. drugs giant Pfizer is understood to be considering making a new, improved multi-billion pound offer for British rival AstraZeneca, which could come as early as this week.
<span id="midArticle_11"/><span id="midArticle_12"/>PRIORY EYES UP 1 BLN STG FLOTATION
<span id="midArticle_13"/>Advent International, the private equity owner of the Priory Group, best known for offering rehabilitation to troubled celebrities, is understood to be considering options for the business, including a float which could value the firm at more than 1 billion pounds ($1.7 billion).
<span id="midArticle_14"/><span id="midArticle_15"/>SAINSBURY'S UNDER PRICE-WAR PRESSURE
<span id="midArticle_0"/>Sainsbury's will come under pressure to join the raging supermarket price war as it looks set to post its slowest profits growth in almost 10 years this week.
<span id="midArticle_1"/><span id="midArticle_2"/>ASDA STARTS SEARCH FOR LONDON STORES
<span id="midArticle_3"/>ASDA has fired the starting gun on ambitious expansion plans that will see it open 20 stores in London, creating about 4,000 new jobs.
<span id="midArticle_4"/>($1 = 0.5927 British Pounds) (Writing by Neil Maidment; Editing by Sophie Hares)
<span id="midArticle_5"/>
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