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Saturday Papers: Resolution in talks to buy AXA UK units for £2.8bln -- bid news and gossip
Santander has cut its offer for RBS retail branch network and Brit Insurance holds out for Apollo to raise $1.1bln offer.
Markets
* Resolution in talks to buy Axa UK units for £2.8 billion
* Santander has cuts its offer for Royal Bank of Scotland's retail branch network in advance of Monday's deadline for final bids
* BRIT Insurance holds out for Apollo to raise $1.1 billion offer
* Generali may bid for AIG Asia units
* General Motors picks JP Morgan and Morgan Stanley to lead IPO
* Terra Firma has pumped £105 million of new cash into EMI, enough to keep the music group out of the hands of lender Citigroup
* EU to rule on British Airways/Iberia merger by July 15
* Fujitsu and Toshiba in merger talks
* Tesco in talks to buy South Korean chain Kim's Club Market
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