Astra Zeneca given new ovarian cancer drug go-ahead by regulator September 30, 2013 Biopharmaceutical company Astra Zeneca has had a marketing authorisation application accepted for a new ovarian cancer drug. The oral drug, Olaparib, kills cancer cells and has the potential to be used to treat a range of tumours. The granting of the application by the European Medicines Agency (EMA) means that it can be put on [...]
What you need to know before the open – 30/9 September 30, 2013 If you thought things might look a little less bumpy for the markets this week – not so. Today, they look set to be battered by US and Italian politics, with the FTSE expected to open sharply lower and Asian markets closing down on concerns. Opening calls #FTSE100 is expected to open 63 points lower [...]
Global warming alarmism is no longer scientifically or politically sustainable September 30, 2013 THE global warming doomsday cult is coming to an end. Belief that the world is doomed, unless we replace coal and gas by renewables costing two or three times as much, is already driving up home energy bills and making manufacturing uncompetitive. But last week both Ed Miliband and a report from the Intergovernmental Panel [...]
Four charts that show how US consumer demand is taking off September 27, 2013 US consumer demand is its strongest since spring 2010, according to data published by the Institute for Business Cycle Analyses. The data has seen continual improvement to a positive trend that developed since May to June 2013. Despite a four year period of weakness, the monthly and three-month moving average index for food and other [...]
Evans says Fed can’t provide as stimulus as it would like while unemployment remains high September 27, 2013 The Federal Reserve's resident mega dove Charles Evans has said that the Fed can't provide as much stimulus as it wants. Evans see unemployment too high, and inflation too low. Evans topped that off by saying that the Fed sees itself as non-partisan and non-political. Afraid I'm not buying it.
US shoppers less confident as consumer sentiment falls in September September 27, 2013 Shoppers in the US are less confident when it comes to spending this month. Reuters/Michigan consumer sentiment dropped for September to 77.5, missing predictions of 78.0, below last month's figure of 82.1 and its lowest in five months. Consumers experienced higher interest rates and a muted economy with squabbles in congress, potential government shutdown and [...]
Church of England snaps up 314 RBS branches September 27, 2013 Church of England backed consortium Williams & Glyn's has agreed the purchase of 314 branches from state-backed bank RBS, with Corsair Capital and Centerbridge Partners also in on the deal (release). RBS was required to divest 308 branches as a condition of the state assistance it receives. The consortium will put £600m of investment into [...]
US personal spending and income data a little stronger in August September 27, 2013 US data a little stronger this afternoon, but nothing surprising – all in-line with analyst estimates. Personal spending growth up from 0.1 per cent to 0.3 per cent in August. Personal income is up even more, up 0.4 per cent from last month's 0.1 per cent. That's the biggest gain since March. Paul Ashworth, chief [...]
Annual German inflation drops to 1.4 per cent in September September 27, 2013 Price pressures seems to be broadly stable in German for this September. A preliminary estimate shows consumer price inflation at zero this month, as it was in the last. In the year to September, inflation stands at 1.4 per cent, slightly lower than the 1.5 per cent estimated. As in the wider Eurozone, inflation varies [...]
French court orders DIY shops to close on Sunday September 27, 2013 The companies affected were Castorama a subsidiary of Kingfisher with over 12,000 employees and 105 stores and Leroy Merlin 53,000 employees in 2010 and 300 stores. A total of 15 stores will be closed on Sunday in the Paris area. The case came to court due to a complaint by Bricorama, another DIY retailer which [...]