UK firms under threat from new Bribery bill September 15, 2010 THE Ministry of Justice (MoJ) launched a two-month consultation on the Bribery Act to help companies prepare for new legislation due to come in next April. A consultation period with industry bodies kicked off yesterday and will run until the beginning of November. The government said that it plans to publish the responses in early [...]
BOEING HIT BY WTO’S RULING September 15, 2010 World Trade Organisation (WTO) judges have found aircraft maker Boeing received more than $20bn (£12.7bn) in US government subsidies challenged by the European Union and called for them to be withdrawn, an EU source said yesterday. The confidential ruling, if confirmed, would add weight to European calls for a negotiated settlement to the transatlantic row [...]
US industrial output growth slows while import prices rise September 15, 2010 US industrial output slowed last month and a regional measure of factory activity touched a 14-month low in September, pointing to a cooling in manufacturing as the boost from an inventory build-up fades. The reports yesterday were consistent with other data suggesting the US economy is stuck in a soft spot, but they also showed [...]
BEST OF THE BROKERS September 15, 2010 ARM Execution Noble thinks it’s time for a breather on the technology company, and downgrades the stock to a “sell” with a fair value of 300p. The broker says that ARM remains well placed to outperform the semi-conductor industry, and will continue to expand into new end markets, but the current value of 29 times [...]
Carlsberg eyes cider sales September 15, 2010 Danish brewer Carlsberg yesterday said successful launches in Russia of Somersby cider and Eve, a fruit flavoured malt beverage aimed at women, meant it could look to products other than core brands for growth. Chief executive Jorgen Buhl Rasmussen also said the world’s fourth-biggest brewer was to target women in general and northern and western [...]
Bayer’s Xarelto anti-clotting drug targets potential $15bn market September 15, 2010 Germany’s Bayer yesterday said it was targeting a market worth as much as $15bn (£9.6bn) with its anti-blood-clotting pill Xarelto, setting the stage for decisive study results to be released later this year. Chief executive Werner Wenning, who will hand over to Marijn Dekkers next month, said the new generation of experimental anticoagulants such as [...]
CITY MOVES | WHO’S SWITCHING JOBS September 15, 2010 Jefferies The investment bank has appointed Julian Smith from Collins Stewart as its new head of UK corporate broking. Smith has over 16 years of corporate broking and equity experience. In addition to his role as a managing director at Collins Stewart, he previously spent 15 years at Dresdner Kleinwort in corporate broking and equity [...]
Be ready to leap when the market turns September 15, 2010 THE popular obsession with City pay has not gone away, as was in evidence recently when the news that Bob Diamond will become CEO of Barclays was accompanied by lurid headlines about the “bonus banker”. City remuneration might be a dog-whistle issue for tabloids, but it’s also a big issue for everybody who works here, [...]
ODD JOBS September 15, 2010 CRIMINAL BARRISTER I became a lawyer because I struggled at school socially and wanted to go to the local college, but you could only do that if you took a subject they didn’t do at the school, so I chose to do law A-level. I was taught by a female barrister and she was so [...]
The idiot box gets smart – and threatens old media September 15, 2010 MODERN technophiles are already used to multi-tasking online. And with online mainstays now venturing into the coveted space of TV entertainment, attention spans are set to encounter another challenge. Google TV is due to launch in the US by the end of the year to rival Boxee – a service built originally from open source [...]
