Sunday British Business - Nov. 10

LONDON, Nov 10 (Reuters) - British newspapers reported thefollowing business stories on Sunday:

Sunday TimesGreen mulls BHS sale as bidders circleA pack of hungry suitors has begun circling BHS in an attempt tolure Philip Green into offloading the struggling departmentstore chain. A New York vulture fund, a South African retailmogul and a number of turnaround specialists are hoping topersuade Green to part with the high street stalwart. Leadingthe potential bidders is Christo Wiese, South Africa'sthird-richest man with a fortune estimated at more than 2billion pounds.Serco in shock profit warningSerco is set this week to cap a turbulent six monthswith a profit warning that will dismay the City.Ray of hope for M&SMarks & Spencer's embattled chief executive received afillip this weekend as research commissioned by a Japanese bankshowed signs of tentative recovery in its crucial womensweardivision.Bank hails rapid recoveryThe Bank of England is set to lift its growth and employmentforecasts this week as Britain enjoys one of the strongestrecoveries in the developed world.Top bosses call for Brussels shake-upA powerful alliance of business leaders from across northernEurope - including the chairman of HSBC, the boss ofSwedish fashion chain H&M and the head of German food giant DrOetker - has urged an overhaul of the European Union.RSA boss to face grilling over IrelandFurious investors will this week confront Simon Lee, the chiefexecutive of RSA, following revelations of a potentialscandal in its Irish business that prompted the insurer's secondprofits warning in 3 days.Kazakh oil giant lines up City floatA Kazakh oil company backed by steel tycoon Lakshmi Mittal andthe billionaire son-in-law of the country's president plans tolaunch a 1.5 billion pound listing in London this month. Thedeal is expected to land Zhaikmunai in the FTSE 250 index of topBritish companies.Biotech boffins cash in with 400 mln stg hayfever cureCircassia, an Oxford biotech company that is in the late stagesof testing a treatment for cat allergies, has opened talks withpotential advisors to work on a listing.House of Fraser's speedy saleHouse of Fraser is pushing ahead with its plans to go public atthe beginning of next year.Rothschild's 39 million pound Bumi bonanzaNat Rothschild is in line for a 39 million payday from acontroversial deal to unravel Bumi, the troubledIndonesian coalminer he founded 3 years ago.Lloyds eyes bonus from pension capsLloyds Banking Group is in line for an estimated 400million pound windfall from a plan to cap the size of payoutsfrom its final salary pension scheme. Pay rises will no longerlead to higher pension payouts at retirement under the Lloyds'proposals. Instead, the 35,000 Lloyds employees who are part ofthe scheme will be paid a pension calculated using their currentsalary. Frank Warren in public boutSports promoter Frank Warren plans to float Box Nation, thecable television station devoted to boxing that he set up 2years ago. Sunday TelegraphEnergy bills could fall by 7 percentBritain's energy giants are to offer to cut bills by up to 7percent if the government agrees to remove the cost ofmulti-billion pound green schemes. BAE CEO denies 'pressure' over yardsThe chief executive of BAE has denied that the decisionto close the shipbuilding yard at Portsmouth and concentrateproduction on the River Clyde was due to government pressure.Vodafone to spend 1 bln stg upgrading UK networkVodafone is to increase its capital investment acrossthe UK to more than 1 billion pounds as it seeks to upgrade itsmobile network across London by boosting capacity.