Glaxo clinches HGS with new $3bn cash offer July 16, 2012 PHARMACEUTICAL mammoth GlaxoSmithKline (GSK) has acquired Human Genome Sciences (HGS) in a friendly $3bn (£1.9bn) cash offer, following months of hostile pursuit. The sweetened offer of $14.25 per share is a premium of 99 per cent over HGS’s undisturbed share price. HGS had previously rejected as insufficient an offer of $13 per share, which valued [...]
Saha: I’m playing for my Spurs future April 26, 2012 4 Goals scored by Saha, who has made just six starts for Spurs TOTTENHAM’S Louis Saha admits he could be forced out of the club in the summer, just four months after his arrival, but is nevertheless desperate to ensure they claim the Champions League spot he insists they deserve. The much-travelled French striker only [...]
CAR TALK May 1, 2012 Audi Q5 SUV with Google and online radio Details on the latest Audi Q5 SUV have been released. The popular 4×4 has undergone styling tweaks and chassis improvements and has a new electro-mechanical power steering system. Engine efficiency is up by 15 per cent. You can now also choose Audi’s in-car internet service which includes [...]
Six appeal at the Bridge as rejuvenated Torres bags hat-trick against rivals QPR April 29, 2012 CHELSEA (6) vs QUEENS PARK RANGERS (1) CHELSEA boss Roberto Di Matteo insists his team must beat Newcastle on Wednesday night if they are to secure a top-four Premier League finish, after Fernando Torres’ first Blues hat-trick gave them all three points against west London rivals QPR yesterday. Goals from John Terry, Daniel Sturridge and [...]
Wall St treads water despite surge in M&A February 14, 2013 THE S&P 500 eked out a small gain for a third straight session yesterday, helped by a flurry of merger activity, though investors see no catalysts to lift the market further with major averages near multi-year highs. The market’s slowed advance took the S&P 500 to its highest intraday level since November 2007 on Wednesday. [...]
Masterful Modric stirs Spurs win May 2, 2012 BOLTON WANDERERS 1 vs TOTTENHAM HOTSPUR 4 TOTTENHAM manager Harry Redknapp conceded his hopes of one day managing England are over after a clinical performance from Spurs sent them back into fourth in the Premier League, edging Bolton closer to relegation to the Championship. “[The England job] has never bothered me since day one,” said Redknapp. [...]
H&M sales drop five per cent April 15, 2011 Hennes & Mauritz said like-for-like sales dropped by five per cent in March compared with the same month last year. The fashion company said that the strong sales in March 2010 had been boosted by good Easter sales. Total sales, which include new stores, were up two per cent. Last month the Swedish chain said [...]
Only real school choice for parents can inspire an education revolution April 19, 2013 IN THE past century, most parts of the economy have seen a fundamental transformation in how things are produced and delivered. Yet schools today function pretty much as they did 100 years ago. The radical progress characterising modern societies simply does not apply to education. And there’s a reason for this. A fundamental difference between [...]
H&M bitten by higher costs March 31, 2011 Swedish fashion giant Hennes & Mauritz says its quarterly earnings fell more than expected as it was hammered by higher cotton prices and other costs it has not passed on to customers. Pre-tax profit at the world’s second-biggest fashion retailer by sales to 3.5bn Swedish krone (£347m) in the December-February period from SK5.06bn a year [...]
H&M misses profit forecasts on costs March 31, 2011 HENNES & MAURITZ, the world’s No.2 fashion retailer, missed first-quarter profit and sales forecasts, raising doubts over its strategy of holding prices despite rising cotton costs and currency headwinds. The Swedish budget clothing chain posted a 30 per cent dive in pre-tax profit to 3.54bn crowns (£348m) for the three months ended February. This was [...]