UNCERTAINTY MAKES FOR EDGY TRADERS September 23, 2009 GEORGE TCHETVERTAKOVHEAD OF MARKET RESEARCH, ALPARI UK Over the past few weeks, market participants have been quick to price in monetary policy tightening in response to resurgent stock markets, buoyant macroeconomic indicators and strong sentiment across the developed world. Policy divergence or even policy “desynchronisation” whereby policy tightening is carried out at different rates, could [...]
Shire shrugs off fight from generic rivals August 5, 2009 SHIRE yesterday reported second quarter revenues just ahead of expectations, as strong growth from new drugs offset a big hit from the loss of patent protection on hyperactivity pill Adderall XR. Britain’s third-biggest drugmaker said quarterly sales of its previous blockbuster Adderall XR fell by 77 per cent to $67m (£39.3m) as it was hit [...]
Shire shrugs off fight from generic rivals August 5, 2009 SHIRE yesterday reported second quarter revenues just ahead of expectations, as strong growth from new drugs offset a big hit from the loss of patent protection on hyperactivity pill Adderall XR. Britain’s third-biggest drugmaker said quarterly sales of its previous blockbuster Adderall XR fell by 77 per cent to $67m (£39.3m) as it was hit [...]
When it comes to the crunch, this is too trite October 8, 2009 TheatreTHE POWER OF YESThe National Theatre*** “THIS is not a play,” the narrator announces ominously as the curtains open. Instead it is a “story” of the credit crunch conducted through interviews with key financial figures, including mathematician Myron Scholes (Malcolm Sinclair) co-father of the Scholes-Black option-pricing model which underpinned much financial wizardry, FSA head Adair [...]
Easyjet announces new flights July 8, 2009 Easyjet yesterday announced that it will begin selling flights to Israel and Morocco later this year to add to the 111 airports around the world it already flies to. From November, one-way flights will be available from Luton to Tel Aviv six times a week from around £72, and from Gatwick to Agadir, Morocco, twice [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 4, 2009 FINANCIAL TIMES BMW EYES TIE-UP WITH PEUGEOT FOR MINIBMW is examining whether to share platforms with PSA Peugeot Citroën for its Mini small car, it emerged yesterday, as the German premium carmaker returned to profit in the second quarter on the back of cost-cutting. Norbert Reithofer, BMW’s chief executive, said the company was talking to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 4, 2009 FINANCIAL TIMES BMW EYES TIE-UP WITH PEUGEOT FOR MINIBMW is examining whether to share platforms with PSA Peugeot Citroën for its Mini small car, it emerged yesterday, as the German premium carmaker returned to profit in the second quarter on the back of cost-cutting. Norbert Reithofer, BMW’s chief executive, said the company was talking to [...]
British Land in Broadgate stake talks June 18, 2009 BRITISH Land, the UK’s second largest property company, is in talks with Israel’s Property and Building over selling a £100m stake in the City’s iconic Broadgate office complex, City A.M. can confirm. A British Land spokesman said last night: “The company declines to give further details about any of the parties but confirms that discussions [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 24, 2009 FINANCIAL TIMES CHIP MAKER MOVES TO QUASH BID SPECULATIONImagination Technologies has reiterated that it expects to remain independent, despite market speculation to the contrary and heavy share buying in the chip designer. Intense buying on the London Stock Exchange saw more than 12m shares change hands and 9.7m sold at 150p a share, amid speculation [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 4, 2009 FINANCIAL TIMES AQUASCUTUM IN BUY-OUT TALKSAquascutum, the classic British clothing brand, could be sold to the Hong Kong clothier that distributes the label in China and south-east Asia after an offer from the brand’s management to buy the business was rejected at the eleventh hour last week. Japan’s Renown, which bought the British label in [...]