After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
CITY VIEWS: DO YOU THINK KENNETH CLARKE IS TOO SOFT ON CRIME? May 18, 2011 TOM CLIFTON | MUNICH RE “I wouldn’t think so, but he isn’t doing things the right way, especially the rape sentencing. Cases need to be dealt with one by one.” PAUL NASH | DEUTSCHE BANK “Yes he is too soft, I think there should be a military system in place in prisons with no luxuries [...]
Highest level of jobs since January 2009 May 18, 2011 CLOSE to half a million jobs were created in the year to March, according to official data released yesterday. Employment was up by 118,000 people in the first three months of the year, compared to the final quarter of 2010 – and up 416,000 on the same time last year. The total number of jobs, [...]
Unemployment starts to drop for under-25s May 18, 2011 YOUTH unemployment has dropped this year, government figures released yesterday showed. There were 646,000 unemployed 16 to 24 year-olds in the first three months of the year, down 40,000 from the previous quarter. Including students who are looking for work but unable to land a job, the figure is closer to a million, at 935,000 [...]
Russia leaves door open for fresh BP deal May 18, 2011 BP’S hopes of teaming up with Rosneft were raised yesterday, when the Russian state-owned giant said talks could continue past Tuesday’s deadline for a planned £10bn share-swap. Rosneft said the new proposals “go… beyond the scope of the earlier agreements with BP”, a nod to the possibility of involving BP’s Russian joint venture TNK-BP, which [...]
London drives prime results at Land Securities May 18, 2011 COMMERCIAL property firm Land Securities yesterday posted a better than expected set of results, which chief executive Francis Salway credited to an improving London market and smart forward-planning. The results, described as “blow-out” by one property analyst, saw Land Securitie’s pre-tax profit for the year to the end of March rise 14.8 per cent to [...]
ANALYST VIEWS: WHAT DO YOU MAKE OF LAND SECURITIES’ FIGURES? May 18, 2011 KEITH CRAWFORD | PEEL HUNT Land Securities has the best niche exposures amongst leaders thus is our core recommendation within leader stocks. There appears to be little ‘drag’ factors in the results with all major categories of property showing material gains in the second-half. MIRANDA COCKBURN | MATRIX GROUP Management is showing it can beat [...]
Shire spends £460m on US ulcer remedy May 18, 2011 BRITISH drugmaker Shire said yesterday that it plans to buy privately held Advanced BioHealing, maker of a bio-engineered skin substitute, for $750m (£462m) in cash. Advanced BioHealing’s Dermagraft skin substitute is used to treat slow-healing diabetic foot ulcers. Shire said it would finance the purchase through existing cash resources and expects no impact from the [...]
Deal opens door to a potentially lucrative market May 18, 2011 INNOVATE or die: that is the choice facing pharmaceutical companies. In 2011 and 2012, over 35 blockbuster drugs will lose their patents, opening the way for cheaper generic rivals to steal market share and sales. As evidenced by the closure of Pfizer’s UK research site, most firms are retrenching under pressure from shareholders, who worry [...]
Hargreaves report rejects fair use May 18, 2011 A REVIEW of UK copyright laws has recommended reform but fallen short of the “fair use” proposal backed by Google. Reforms suggested in the Hargreaves Review focus largely on the film and music industries. One major recommendation is legalising the copying of music and films between formats for personal use. Another is a loosening of [...]
European Union aid to Airbus ruled illegal by World Trade Organisation May 18, 2011 RIVAL aircraft manufacturers Airbus and Boeing have both claimed victory following a landmark World Trade Organisation (WTO) ruling on illegal subsidies. A WTO appeals panel has partly overturned a key element of an earlier ruling that found Airbus had benefited from billions in illegal subsidies. European aircraft manufacturer Airbus said the ruling confirmed that reimbursable [...]
