Best British staycations May 23, 2014 In the space of just over twenty years, a remarkable resurgence in the quality and quantity of luxury British hotels has transformed the fortunes of our seaside resorts and rural destinations. Pioneers like millionaire industrialist Jim Ratcliffe, Robin Hutson (of Hotel du Vin and The Pig fame) and Olga Polizzi have given the industry a [...]
Qualcomm hit by China probe November 25, 2013 CHINESE regulators have launched an anti-trust investigation into Qualcomm, the US mobile chipmaker said yesterday, with some experts suggesting that China’s government may be seeking leverage in royalty negotiations. China’s largest mobile phone carrier is preparing a major move to 4G wireless technology next year, and Qualcomm has been hoping that will provide it with [...]
Advisers Royalty Pharma February 25, 2013 HENRY GOSEBRUCH JP MORGAN CAZENOVE MANAGING DIRECTOR JP Morgan Cazenove is advising Royalty Pharma on its proposed purchase of Elan, led by Henry Gosebruch, who is a managing director in the firm’s mergers and acquisition group. Gosebruch’s focus is on the pharmaceutical and industrial sectors and he has worked on M&A transactions worth over $100bn [...]
London Report: ARM’s fall drags blue chip index to another drop February 4, 2014 THE UK’S top equity index fell for the 10th time in 11 sessions yesterday, as a drop in the share price of chip designer ARM kept the market near a two-month low. The blue-chip FTSE 100 index closed down by 0.3 per cent, or 16.39 points, at 6,449.27 points – its lowest close since ending [...]
Any Other Business – 22/11 November 21, 2013 With their palaces, titles and crowns, it can be tempting to assume that British royalty just aren’t like us. But the Queen herself proved otherwise yesterday as she took a trip to the View from the Shard to grab a bird’s eye view of London from the 69th floor of Europe’s tallest tower. After perusing [...]
Innovation Diary: Literary crowdfunding: How to create value in a demanding industry October 27, 2013 DEMOCRATIC publishing has arrived. Amazon’s Kindle Direct Publishing allows authors to upload e-books, earn royalties from sales, while bypassing traditional publishing industry gatekeepers. Createspace does the same for physical books. Gumroad, meanwhile, lets designers, game developers, and musicians join writers in uploading digital files for sale. But it’s hard to make money. Taleist found in [...]
Bayer bids £1.4bn for Norwegian cancer treatment partner Algeta November 26, 2013 BAYER has offered to pay £1.4bn for Norway’s Algeta, its partner for a new prostate cancer treatment, at a 27 per cent premium to the stock’s last close, Algeta said yesterday. The deal would boost Bayer’s drugs division by giving it outright control over Xofigo, a drug the two have developed jointly since 2009 and [...]
Royalty makes $6.6bn bid for Irish firm Elan February 25, 2013 US investment firm Royalty Pharma yesterday made a $6.6bn (£4.35bn) approach to Irish drugmaker Elan, targeting royalty rights for multiple sclerosis treatment Tysabri worth hundreds of millions of dollars annually. But Elan described the informal approach as “highly opportunistic”, coming before shareholders could assess its plan to sell off Tysabri. Elan said earlier this month [...]
Encana boss Doug Suttles eyes spending cuts amid restructure November 5, 2013 ENCANA, the Canadian natural gas producer run by former BP executive Doug Suttles, said yesterday it will cut about 20 per cent of its workforce, slash its dividend and invest nearly three-quarters of its 2014 capital spending budget in more lucrative oil and liquid gas assets. The strategy is part of the new chief executive’s [...]
Arm boosted by Apple’s latest iPhone line up September 11, 2013 SHARES in semiconductor manufacturer Arm Holdings jumped four per cent yesterday, spurred by excitement surrounding Apple’s new smartphone lineup announced on Tuesday. Arm’s processors will be used in the new iPhone 5s that uses high end chips to power a phone with more than double the speed of the previous generation iPhone. Mike van Dulken, [...]