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Saturday Papers: Beijing eyes counterbid for PotashCorp - bid news and gossip
The Chinese government has backed Sinochem to trump BHP Billiton’s $39bn hostile offer.
Markets
* Two of Canada's biggest mining companies, Eldorado and Goldcorp, are competing to acquire Andean Resources, the Australia-listed gold specialist; Eldorado made a C$3.4bn (£2.1bn) offer yesterday, only to be trumped within hours by Goldcorp.
* The majority of banks are still failing to disclose full details of their bonus pools, the report, Compensation Reform in Wholesale Banking 2010, said.
* A banana glut and rising costs reduced first-half profits at Fyffes, the tropical fruits distributor.
Daily Express
* Shares in the debt-laden Premier Foods rose 3½p to 20¾p yesterday on heavy trading as gossip did the rounds that an overseas predator was circling.
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- Wednesday Papers: Morgan Stanley subpoenaed over Facebook IPO
- Overnight Markets: US stocks erase gains on Greek concerns
- Wonga rapped for accusing customers of fraud
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