AstraZeneca shares drop over 1pc as Pfizer halted on NYSE May 16, 2014 Shares of the US drugmaker Pfizer were halted in New York, shortly after 12pm local time. Trading was stopped after the company announced that it to submit a new drug application to US regulators. Palbociclib is an oreal medication, intended as a treatment for breast cancer. With traders still waiting on news of a possible [...]
Bank of England abandoned car: Driver arrested over “unconnected matter” May 16, 2014 The driver of the black car abandoned outside the Bank of England in central London yesterday has been arrested by Metropolitan Police. The 34 year-old man has been identified by police as the driver of the vehicle and was arrested yesterday afternoon. He has been arrested over an unconnected matter, said police. A spokesman told [...]
Kentz shareholders latest to slam pay plans May 16, 2014 Shareholder spring has sprung bolder than ever for engineering firm Kentz. A huge 58 per cent of shareholders casting votes at the annual general meeting opposed its pay policy, or chose to abstain from voting. Moreover, 45 per cent also opposed its remuneration report. While the pay policy covers plans for paying staff over the [...]
What will Narendra Modi’s election win mean for the Indian economy? May 16, 2014 Widely touted as the pro-growth option in India's most recent election, newly crowned winner Narendra Modi has been celebrated by investors. Indian stocks have jumped on what appears to be a landslide victory, with the BSE Sensex pushing to record highs this morning as it became apparent that the man touted as India's most business [...]
What you need to know before the US open May 16, 2014 US stocks futures headed lower today, suggesting a less-than-impressive end to the week. Global shares have eased back for the third day in a row, and the dollar’s seen further losses against the yen. Better news on the data front, though – a shock jump in housing starts. In April, the speed of construction of [...]
Bovis Homes ramps up house building by 80pc in 2014 May 16, 2014 No doubt some pleasing news for the powers that be: Bovis Homes says it built 80 per cent more homes in the first four months of this year, aware of the “importance of its positive contribution to the government's ambition to increase new homes production.” The surging demand for more homes has significantly buoyed performance for [...]
Any Other Business – 16/05 May 16, 2014 YOU WOULD perhaps presume that RBS would want to keep schtum about its getting sued over the 2008 rights issue, but its chairman Sir Philip Hampton did quite the opposite at the Wincott Foundation Award luncheon at Guildhall yesterday. Hampton was the speaker at the event (the start of which was delayed by the bomb-scare kerfuffle [...]
What you need to know before the open May 16, 2014 A mixed open’s expected for European markets today: economic data aren’t expected to push things higher, and worries over how strong the US economic recovery actually is are adding to a lack of investor confidence. Yesterday, the S&P 500 posted its biggest one-day fall in a month. The bond surge seems to suggest that, despite [...]
E.On to pay out £12m to customers after mis-selling probe May 16, 2014 Ofgem has announced that energy firm E.On will pay out £12m to its most vulnerable customers, for a catalogue of errors and poor sales practices. The industry regulator's recent investigation found that the firm provided misleading information to customers when selling deals on the doorstep and on the phone. Between June 2010 and December 2013, [...]
Shareholder spring is back May 15, 2014 MEMORIES of 2012’s shareholder spring returned yesterday as investors rallied against the pay packages and policies of top British firms. Hiscox was hit hardest after 42 per cent of its voting shareholders failed to support the specialist insurer’s remuneration policy – the biggest protest vote so far this year – after it didn’t cap the [...]