Sunday Papers: Express goes up for sale - bids, comment and tips

The Sunday Times

* The Daily Express could be heading into new ownership after Richard Desmond, its media tycoon owner, asked Goldman Sachs to conduct a review of his newspaper assets.

* Carlyle is to back the buyout of Germany’s ADA Cosmetics, a company specialising in the supply of cosmetics and toiletries to top European hotel groups.

* Travelex is examining plans for another big disposal as Peter Jackson, the chief executive, continues streamlining the foreign exchange group.

* Aurum - the company behind the Goldsmiths, Mappin & Webb and Watches of Switzerland jewellery stores - is up for sale for about £200 million.

* Nick Jenkins and Duncan Spence are in talks with Photobox over the sale of the online greeting card firm for about £125 million.

* Haim Saban - the Hollywood mogul behind Power Rangers, the children’s action heroes - is preparing a bid for Hit Entertainment, owner of Thomas the Tank Engine and Bob the Builder.

* BP will kick-off the auction of its £400m controlling stake in Wytch Farm in Dorset, western Europe's biggest onshore oil field, in the next two weeks.

* The London Stock Exchange is facing renewed opposition to its proposed merger with Canada’s biggest bourse; Ed Clark, the chief executive of Toronto-Dominion Bank, said the Toronto stock exchange should not 'give up' its independence to London.

Comment

* Tomorrow co-founder Larry Page is taking up the reins at Google once again. Should he decide to do fewer things better?

* Terra Firma sealed the largest takeover in the solar industry, spending €641 million on a company that owns sites capable of powering 150,000 homes.