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In the papers today - September 4

British Nuclear Fuels is expected to reject a bid of up to £400m for British Nuclear Group - which cleans up the Sellafield nuclear site - from Fluor of the US. BNFL, which is owned by the Government and is overseeing the sale of BNG, may tell the Texas-based company as early as this week that its unexpected bid for the company early last week will not succeed - The Daily Telegraph
Multiplex, the Australian property company, is preparing to launch a UK and continental European property fund management arm as it seeks to put its troubles building the new Wembley Stadium behind it. Under the UK leadership of James Tuckey, the former boss of MEPC, the company is planning to launch a continental European property fund aimed at Australian private and institutional investors, which could be worth up to 500 million euros (£337, million) - The TimesBAE Systems, the aerospace and defence group, is close to pushing ahead with the sale of its 20 per cent stake in Airbus to EADS, the European aerospace group that controls the aircraft builder. BAE is expected to raise about £1.9 billion from the sale, but that figure falls a long way short of the £3 billion for which BAE had originally hoped - The TimesRail insiders have criticised Britain's rail safety chiefs for attempting to guarantee themselves immunity from legal action for any errors they might make leading to serious accidents. Although rejected, if the immunity had been granted, the victims of rail accidents and the bereaved would have been prevented from suing Rail Regulator Chris Bolt and his board at the Office of Rail Regulation for compensation even if they could demonstrate personal negligence - The IndependentVladimir Putin will make Greece a tempting offer on Monday to boost its regional role, by becoming a transit hub for Russian oil and gas exports to western markets. The Russian president's three-way talks in Athens with Costas Karamanlis, Greek prime minister, and Georgi Parvanov, the Bulgarian president, focus on reviving a much-delayed project for a 280km oil pipeline linking the Black Sea with the north Aegean - The Financial Times

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