P529 Teletext 529 Aug27 21:45:54 —————————————— SUNDAY ————— OBSERVER US companies are moving closer to launching a fresh burst of takeover activity among Britain's regional electricity companies. INDEPENDENT The prospect of a collapse in oil prices causing alarm, as threat of Iraqi sales adds to oversupply in the North Sea and elsewhere. TELEGRAPH Texas-based power group Houston Industries is poised to launch a bid for a British regional electricity company. ——————————————————————————————————1/2—— Prices index 510 Companies index 520 POPULAR SHARES - LATEST PRICES p516 International CityNews Shares FUSEP529 Teletext 529 Aug27 21:44:18 —————————————— SUNDAY ————— TIMES Bankers will next month offer Eurotunnel a big reduction in its £2 million daily interest bill to prevent the company being insolvent under the weight of debts of £7.5 million. MAIL City rulers face new pressure from reformers. ML drug to attack Glaxo supremacy. Tour firm First Choice could bj sent packing. ——————————————————————————————————2/2—— Prices index 510 Companies index 520 POPULAR SHARES - LATEST PRICES p516 International CityNews Shares FUSE