Shire expects sales growth in 2011 February 10, 2011 PHARMA firm Shire said it would sustain the strong sales growth of 2010, when its rare disease business reaped a windfall from problems at US rival Genzyme. Shire, which also makes hyperactivity and gastrointestinal drugs, said sales would again rise by about 16 per cent in 2011, against its target to grow revenue in the [...]
THE WEEK AHEAD February 13, 2011 COMPANY NEWS ● Barclays will release its full year results tomorrow. ● Miner BHP Billiton will release its half year results on Wednesday. ● French bank Societe Generale will release its fourth quarter results on Wednesday. ● On Thursday, bank BNP Paribas will release its fourth quarter results. ● BAE Systems will release its full year results on Thursday. [...]
Time Warner considers IPC sale February 6, 2011 US entertainment giant Time Warner has denied that it is considering a sale of IPC media, the publishing house behind NME, Marie Claire and Nuts magazine. The company carried out a strategic review of the magazine publishing unit. Time Warner acquired IPC Media from Cinven in 2001 for £1.15bn. A Time Warner spokesman said: “Of [...]
China may be larger than US by 2016 April 25, 2011 IF the International Monetary Fund is right, whoever is elected President of the United States next year will be the last American to preside over the world’s largest economy. By 2016, the IMF believes, China will have overtaken the US as the biggest economy – the first time it actually pins a year on this [...]
Jobless claims down across US January 20, 2011 UNEMPLOYMENT benefit claims in the US dropped in the week ending 15 January, it was announced yesterday. And there was more positive news for the American recovery, as sales of existing homes rose 12.3 per cent in December. Construction of new homes has remained sluggish, it was confirmed yesterday, but the boost in sales provided [...]
THE TIPSTER March 28, 2011 HOTEL and restaurant operator Whitbread has been on the up since last week with high expectations for their annual figures to March. Annual profits are suggested to come in at £279m, which is up from £208m last year. With the dividend expected to be increased to 42p, the company appears to be moving in a [...]
Set your trades on firm foundations September 19, 2010 HOUSE asking prices fell again today, dropping by 1.1 per cent – that is £2,474 – over two points in the house price spread better’s mind. But those tempted by the news on page one should not rush into a trade before taking a moment to contemplate the make up of the index. Today’s figures [...]
London house sales rise as stock hits low January 17, 2010 HOUSE prices in London are leading the country higher, according to the latest monthly house price index compiled by Rightmove, the property website. The average price of housing in greater London has risen 2.5 per cent over the past month to £407,731, comparing favourably with a national increase of 0.4 per cent to £222,261. Two [...]
Ocado lifted by upgrade March 1, 2011 OCADO shares were boosted yesterday after broker Goldman Sachs upgraded its rating on the shares. The stock has fallen by almost a quarter since 11 February, when Goldman – Ocado’s house broker – placed ten per cent of the company’s shares at 265p each. Goldman raised its rating on the online delivery company from “hold” [...]
Redrow calls for state help on mortgages September 9, 2010 THE head of housebuilder Redrow called on the government to take action over the sickly first-time buyer market in a bid to revive overall sales, after reporting better-than-expected annual results. Steve Morgan, the founder of Redrow who returned in a boardroom coup last year, described state intervention as a “no-brainer” due to low mortgage availability [...]