Briefing: The Sunday papers

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The Sunday Telegraph

BSkyB will announce the £150m takeover of Easynet, the telecommunications company, as the satellite broadcaster starts a more aggressive campaign against cable TV rivals.

The Sunday Times

Liberty, the upmarket London store, has a mystery suitor, thought to be a US investment company. Marylebone Warwick Balfour, the largest shareholder, has received an £80m offer for the retailer.

The Observer

Goldman Sachs, CSFB and other big investment banks face a multi-million dollar lawsuit from Milberg Weiss, the New York law firm following the collapse of Refco’s share price.

US and European governments are negotiating with Roche, the Swiss pharmaceutical group, to buy $1bn (£565m) worth of Tamiflu, an anti-viral drug that can treat bird flu in humans.

Independent on Sunday

A small group of investment banks with more than $500m advanced to hedge funds are cutting the amount they lend to the sector after Refco’s problems.

The Business

Man Group, the hedge fund manager is considering buying part of Refco, the stricken US futures broker.

The Mail on Sunday

Ericsson faces a challenge from at least one other European group in the takeover battle for Marconi, with Siemens believed to be preparing an offer.

Sunday Express

The Ministry of Defence faces an investigation into a payment of £84m made to the shipyard Swan Hunter.

Financial News

Private equity and venture capital firms worldwide could return $1,000bn of profit to investors, based on returns from 1991 to 2005.

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