TV1 News

Air NZ – Montana Wines – UK Election – Royal Massacre

- AIR NZ: There is mounting speculation local business barons want to bail out Air NZ, as the Qantas bid has been all but dismissed. Details are sketchy and brokers are skeptical. Buying out Brierley’s stake would cost at least $250 million. Qantas says they have no intention of backing down on its proposal.

- MONTANA WINES: There are still questions about what will happen to Montana Wines, after the botched takeover by Lion Nathan. What happens next will depend on Montana’s independent directors. Lion is likely to be forced to sell back shares by the Stock Exchange. They may be forced to return the 10 percent they bought up in an overnight raid. Allied Domecq, the British liquor giant who was pipped at the post buy the Lion raid, is keen to buy whatever shares Lion sells.

- UK ELECTION: As Britain goes to the polls in just over 24 hours, race riots have broken out in Leeds, just ten days after the race riots in Oldham. Prime Minister and Labour leader Tony Blair’s lead is slipping in the last few days of the campaign, but he still looks to sail in.

- ROYAL MASSACRE: There are new revelations about the Royal soap opera that ended in a family massacre in Nepal. The curfew goes on, with the army ordered to shoot on sight if they see people out. The Nepalese are desperate to know what really went on. The prince may have married a woman loathed by the queen.

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