first_img Previous Article Next Article This week’s stock market reviewThe battle for NatWest bank has entered a critical new phase. The threeparties involved – NatWest, Royal Bank of Scotland and Bank of Scotland – have beentrading accusations relentlessly with each other ahead of the 14 Februarydeadline when NatWest shareholders have to choose between the two hostilebidders. Bank of Scotland’s latest offer is worth just over £24bn or about £14.50 perNatWest share. Royal Bank of Scotland has offered to pay £22bn for NatWest inthe form of £3.05 per share in loan notes and about £1.20 per share specialdividend with guaranteed features. Many analysts think Royal Bank of Scotland needs to raise its offer but inthe meantime, NatWest maintains its strong opposition to a takeover by eitherrival. NatWest last week said it considers the raiders’ proposals risky and theoffer, so far, woefully inadequate.Tobacco firm sends out smoke signals over health concernsBritish American Tobacco, the world’s second largest tobacco manufacturer,is seeking a “partnership for change” dialogue with the Governmentand health pressure groups in order to respond to concern that smoking posesdangers to public health. BAT has suggested raising the legal age for buying tobacco from 16 to 18. Italso proposes sponsoring independent research into the effects of low tarcigarettes and how to combat tobacco smuggling into the country. And itsupports the idea of ID cards so that underage children trying to buy tobaccocan be identified.Captains of industry are ready to ring the changesA survey commissioned by BT Cellnet reveals that more than three-quarters ofBritain’s top company chiefs believe mobile phones will change the way businessesoperate in future. The survey, carried out by Mori, reveals that most of theUK’s senior business executives are well acquainted with technology. Also, most of the 102-sample of directors drawn from the top 500 companiesbelieve voice-activated keyboards could soon render present-day keyboards andmice obsolete. Interestingly, that could mean the end of employers’ nightmareof being sued for Repetitive Strain Injury. But then again, perhaps not,because the voice-activated keyboards could cause the equivalent Vocal StrainInjury problems for employers instead.HSE calls for shutdown of lay-offs plan at nuclear operatorSafety fears have prompted the Health and Safety Executive to call for atemporary halt to the proposed redundancies plan announced by British Energypending full assessment of safety issues at its two nuclear power operations.British Energy plans to combine some of the core areas of its subsidiariesBritish Energy Generation and British Energy Generation (UK) in order todeliver on its cost-cutting programme. Comments are closed. Bank raiders tool up for St Valentines DayOn 1 Feb 2000 in Personnel Today Related posts:No related photos.last_img read more