Britain’s first marine plans set to boost development October 28, 2010 THE firs–t two marine areas to be covered by a new planning system mirroring that used to control development on land in England was launched yesterday with a remit to promote the sustainable development of seas. Waters off the coast between Flamborough Head in East Riding of Yorkshire to Felixstowe in Suffolk will be labelled [...]
We’re severely short of will power October 28, 2010 BENJAMIN FRANKLIN once said that only death and taxes are certain in life. From the evidence of research published this week by unbiased.co.uk, it seems many people are choosing to ignore both. Nearly two thirds of adults in Britain – some 30m people – do not have a will prepared. As a result, they not [...]
Earnings jump at 3M thanks to electronic sales October 28, 2010 Diversified US manufacturer 3M reported a higher quarterly profit yesterday, lifted by strong sales to the consumer electronics industry. The company, which makes products ranging from Post-It notes to films used in flat-panel TVs, posted a third-quarter profit of $1.1bn (£690m), or $1.53 a share, up from $971m, or $1.35 a share, a year earlier. [...]
AstraZeneca sees generics dent US sales October 28, 2010 AstraZeneca’s revenue fell four per cent in the third quarter, hit by generic competition to key drugs – particularly in the US – and the absence of last year’s windfall sales of swine flu vaccine. AstraZeneca is moving into a peak period for patent expiries, with latest casualties including breast cancer drug Arimidex in the [...]
DEFLATING A MARKET FULL OF HOT AIR October 28, 2010 MD & FOUNDER OF FINE WINE MERCHANT BORDEAUX INDEX TUCKED away for half term with the family, I was tenderly unprepared for the storm in a teacup that clattered over the internet yesterday. In shock news, it seems that Chateau Lafite-Rothschild has decided to release the nascent 2008 vintage with a very small Chinese symbol [...]
ANALYST VIEWS: WHAT DO YOU MAKE OF ASTRAZENECA’S RESULTS? October 28, 2010 MIKE MITCHELL | SEYMOUR PIERCE Fundamentally the position of the business, which is pharma-led, means it’s very exposed to increasing regulatory hurdles. The results continue to highlight where the business is exposed, and I don’t believe that the company’s research and development focuses mitigate the risk. JEREMY BATSTONE-CARR | CHARLES STANLEY In our view the [...]
Sanofi sticks to Genzyme offer as hikes targets October 28, 2010 Sanofi-Aventis said it was “not obvious at all” it would need to lift its hostile $18.5bn (£11.6bn) bid for Genzyme as quarterly earnings beat forecasts and let the French drugmaker lift its profit target for the year. Genzyme executives last week began a quest to show that the US biotech group is worth more than [...]
House prices fall yet again October 28, 2010 THE average house price fell 0.7 per cent in October, equivalent to a drop of £2,376, Britain’s biggest building society said yesterday. Nationwide building society said the value of the average home is now £164,381 compared to £166,757 a month ago. Over the last three months house prices have fallen 1.5 per cent, marking the [...]
US jobless total falls to three-month low October 28, 2010 THE US jobless total fell to a three-month low official figures revealed yesterday. Initial unemployment claims fell by 21,000 to 434,000 in the week ended 23 October the US Labour Department said in its weekly report yesterday. The previous week’s figures were revised up from 452,000 to 455,000. The claim figure is the lowest since [...]
It’s the jokes that are dead and buried October 28, 2010 Film BURKE AND HARE Cert: 15 SIMON Pegg and Andy Serkis play the titular Irish murderers living in 1820s Edinburgh in this disappointing send-up of one of that century’s great social scandals. Out-of-work immigrants who spot a niche in the market supplying bodies to Edinburgh’s world-renowned physicians, they move into the murder business with Tom [...]
