Actelion plans research cost cuts July 12, 2012 Europe’s top biotech company Actelion said yesterday it would slash costs and cut back on research to focus on its pulmonary arterial hypertension business, in a bid to ensure growth when its key drug Tracleer goes off patent in 2015. Actelion said it would review its pipeline and stop or license out projects which did [...]
Sepoy has the class and soft ground form to run off with the July Cup July 12, 2012 TOMORROW’S instalment of the QIPCO British Champions Series takes us to Newmarket for one of the most prestigious sprints of the summer in the shape of the July Cup (3.20pm). It’s not often the six-furlong contest takes place on soft ground but with the atrocious weather continuing that is what we will have tomorrow. And [...]
Expect Fabre’s Golden Lilac to flower at Newmarket July 12, 2012 ANDRE Fabre is quite rightly recognised as one of the greatest trainers of all time and it is always worth sitting up and taking notice when he sends his horses over to these shores. He runs the four-year-old filly GOLDEN LILAC in this afternoon’s Group One Falmouth Stakes (3.00pm) and she is strongly fancied to [...]
Supergroup in bullish mood as it eyes growth July 12, 2012 SUPERGROUP chief executive Julian Dunkerton said yesterday he was looking forward to a “new dawn” for the company, insisting it had drawn a line under operational errors that sparked three profit warnings last year. Shares in the fashion retailer, down 62 per cent over the year, perked up 16 per cent yesterday after it met [...]
EU sides with big telcos on fibre broadband rental space plans July 12, 2012 EUROPEAN regulators yesterday backed away from forcing big telecom operators to charge smaller rivals less for renting space on their networks, changing tack in their efforts to spur the buildout of fibre broadband. The European Commission had argued that the only way to get telcos to pick up the pace of building faster fibre networks [...]
Primark and a Jubilee bake-off helps AB Foods lift its revenues July 12, 2012 ASSOCIATED British Foods yesterday said it was on track for a big rise in full-year adjusted earnings as cash-strapped shoppers braved wet weather to snap up budget fashions at its Primark clothing chain. The FTSE 100 company, which also owns brands such as Silver Spoon sugar and Twinings tea, said a 16 per cent growth [...]
No profit warning for Carrefour as trading still weak in Eurozone July 12, 2012 CARREFOUR, Europe’s biggest retailer, defied fears of another profit warning yesterday, sending its shares soaring as new management said that while trading remained weak in austerity-hit countries like Spain and Italy, it was not getting worse. The French group said it was “comfortable” with the market consensus for 2012 earnings before interest and taxes of [...]
SAP defies technology gloom with stronger software sales July 12, 2012 GERMANY’S SAP, the world’s largest maker of business software, yesterday delivered a stronger-than-expected rise in profits led by robust sales, defying a weakening trend that has hit rivals. SAP said its software revenues, when measured by IFRS accounting standards, rose 19 per cent to a record €1.06bn for the second-quarter. It had previously predicted a [...]
LONDON 2012 IMAGE OF THE WEEK July 12, 2012 THE Olympic flame visited Stonehenge this week, as the sprinter Michael Johnson took part in the fifty-fifth day of the torch relay. In total, the flame will visit more than 1,000 cities, towns and villages across the UK, and will be carried by 8,000 nominated bearers. Between now and the start of the Olympics, City [...]
Barratt to build 463 Fulham homes July 12, 2012 Housebuilder Barratt Developments announced yesterday that its subsidiary Barratt London, in partnership with L&Q, the housing association, has bought a derelict 8.5 acre site in Fulham from Sainsbury’s. It currently houses a Sainsbury’s store and car park and a large, derelict wharf building. Barratt is set to transform the £420m site into 463 riverside flats [...]
