BEST OF THE BROKERS August 14, 2011 SHIRE PHARMACEUTICAL UBS upgrades the pharma group to “buy” from neutral and increases its target price to 2,400p from 1,850p. The broker sees a recent retreat in the company’s share price as an ideal buying opportunity, and think the consensus 2013 earnings per share are too low. UBS says that consensus prospects on Shire’s ADHD [...]
PRINCESS LAUNCHES OUR APPEAL FOR AFRICA September 29, 2011 CITY LEADERS met royalty at The Savoy on Tuesday night, at a dinner to mark a new partnership between City A.M. and an African microfinance charity that aims to improve the lives of thousands. Guest of honour was HRH The Princess Royal, a patron of the Opportunity International (OI) charity, who told guests including Vallares [...]
PRINCESS LAUNCHES OUR APPEAL FOR AFRICA September 28, 2011 CITY LEADERS met royalty at The Savoy on Tuesday night, at a dinner to mark a new partnership between City A.M. and an African microfinance charity that aims to improve the lives of thousands. Guest of honour was HRH The Princess Royal, a patron of the Opportunity International (OI) charity, who told guests including Vallares [...]
Gulfsands stops funds to Syrian head’s cousin August 24, 2011 GULFSANDS Petroleum, the UK oil explorer with assets in Syria, said it had suspended payments to a cousin of the Syrian president yesterday as it sought to appease criticism about its activities in the conflict-torn country. The explorer, which first entered Syria in 2000, said it was “fully compliant” with sanctions against the country and [...]
The new front in the mobile phone wars August 15, 2011 THE future for companies like Nokia and Motorola, once the great pioneers of the mobile phone industry, has been bleak for some time. The likes of Apple and RIM have eaten away at their share of the high-end smartphone market for several years now, while cheaper Asian manufacturers will soon do the same in the [...]
ANALYST VIEWS: IS A BITE OF THE APPLE ENOUGH FOR IMAGINATION? June 22, 2011 DANIELA VENTRONE | MATRIX Competition is heating up, leading to market-share losses and average selling price pressure. This is not reflected in market expectations, in our view. Rival ARM’s Mali is seeing important design wins. ALEX JARVIS | PEEL HUNT The fundamental risk factor with Imagination is its market share outlook, where there are more [...]
Terms and Conditions July 26, 2011 1. By submitting an image you are agreeing to these terms and conditions. 2. You may submit any number of images. 3. You own the copyright to your submitted image / images. 4. By submitting your image you give City A.M. permission to publish your image in City A.M. and on www.cityam.com and grant City [...]
Three US flotations pulled as volatile markets hit pricing August 10, 2011 THREE US companies became the latest to postpone their planned initial public offerings (IPOs) yesterday, as American floats struggle to get away in volatile markets. Employee benefits provider WageWorks has indefinitely delayed its $49m (£30.3m) float, while Loyalty Alliance Enterprise’s listing has also been sidelined. The marketing and data analytics company was slated to raise [...]
Vedanta buys Cairn India stake July 12, 2011 Vedanta Resources has completed the purchase of a 10 per cent stake in the Indian arm of Cairn Energy, in a deal valued at around $6bn (£3.77bn). The move comes after Cairn Energy agreed last week to sell a 40 per cent stake in Cairn India to Vedanta. The sale, one of the largest in [...]
Boat damage and races hit in high winds August 10, 2011 FIERCE winds caused damage to boats and saw yesterday’s Extreme Sailing Series action called off – but that didn’t prevent an array of thrilling racing at Aberdeen Asset Management Cowes Week, with a sprinkling of royalty and Hollywood thrown in. A-list actor Ewan McGregor and Zara Phillips, daughter of Princess Anne and top equestrienne, were [...]