Astra-Zeneca given greenlight for new constipation drug September 27, 2013 Drugs company Astra-Zeneca has been given the go-ahead to market Naloxegol – a drug designed to alleviate constipation induced by taking opoids and which can't be treated by laxatives. (Release) Developed by biopharmaceutical company Nektar, Naxoxegol has the potential to be the first once-daily drug for OIC suffers. It marketisation has been authorised by the European [...]
Pound moves above $1.61 as Carney says no case for more QE September 27, 2013 Bank of England governor Mark Carney has said there's no case for more quantitative easing, in an interview with the Yorkshire Post today. But my personal view is, given the recovery has strengthened and broadened, I don’t see a case for quantitative easing and I have not supported it. (Yorkshire Post) That's provided support for [...]
Lloyds to be best capitalised bank in the UK says JP Morgan September 27, 2013 Lloyds is to be the best capitalized bank in the UK by 2015 according to JP Morgan. Capital progress will be helped by deferred tax assets (DTAs), considering that Lloyds is number one in the UK for negative capital deductions from DTAs. The bank restates its preference for Lloyds over RBS and following its down [...]
Osborne could finally be seeing sense over Help to Buy September 27, 2013 Analysts have welcomed reports that Osborne's Help to Buy mortgage backing scheme could be watered down, as data this morning shows house prices hitting a 2008 high. It was reported in City A.M. today that the programme's upper limit – providing mortgage support for homes worth as much as £600,000 could be reduced on recommendation [...]
Harrods revamp to see former glory escalator installed September 27, 2013 Luxury store Harrods has announced a multi-million pound refurbishment. The changes are centred around the installation of an architecturally-fitting escalator, which will cover all seven floors and is being designed by architects Make. It also includes restoring the listed stair light fittings. The revamp is part of a push to aesthetically return the landmark store [...]
What you need to know before the open – 27/9 September 27, 2013 Having brushed off uncertainty from the US, European markets are expected to open on a soft up this morning: Early start, here are the IG forecasts for the European open: FTSE +5 at 6571; DAX +10 at 8674; CAC +5 at 4192. — David Jones (@DavidJones_IG) September 27, 2013 #Gekko Europe; opening calls FTSE +13, [...]
Royal Mail strike stymied by imminent valuation September 27, 2013 The privatisation of the Royal Mail will add between £2.6bn and £3.3bn to Treasury coffers, with shares offered between 260p and 330p. The estimations were announced earlier today, and the BBC's business editor Robert Peston added that the privatisation should be completed before Oct 15, long before a strike can take place. The UK government [...]
Price of UK homes highest since 2008 September 27, 2013 The average UK house price has risen to its highest level since 2008, with September seeing a 5.0 per cent increase, year-on-year, following expectations of a 4.5 per cent rise.
Serco in fraud probe over tags for the dead September 27, 2013 OUTSOURCING firm Serco could face a fraud probe after a government report alleged it was charging for electronically tagging criminals who were either dead, in prison, or had never been tagged. The Serious Fraud Office (SFO) yesterday confirmed that the Ministry of Justice has asked it to consider a full-blown investigation into the firm, following [...]
Greece’s Prime Minister does not expect living standards to recover fully for another six years September 27, 2013 GREECE should return to economic growth in 2014, ending six years of recession, European Commission boss Jose Manuel Barroso predicted yesterday. But the country’s Prime Minister Antonis Samaras warned it will take another six years for living standards in the troubled Mediterranean country to return to pre-crash levels. He argues this is a more optimistic [...]