magazine archive
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Story In Numbers
$390bn wiped off global drug sales forecasts
Thursday 29 Jun 2017Research group Evaluate Pharma has reduced its sales forecasts for worldwide prescription drugs for the first time in 10 years. It attributes pricing pressure and major products coming to the end of their patent life for the downgrade. It has slashed $390bn from its forecasts for the period between...
98.6% vote in favour of Standard Life/Aberdeen merger
Thursday 29 Jun 2017Shareholders have approved the merger of Standard Life ( SL. ) with Aberdeen Asset Management ( ADN ) with 98.6% of votes in favour of the deal. The merger is scheduled to complete on 14 August and will make the combined entity the largest active manager in the UK. The first corporate transaction...
London’s shrinking bank industry
Thursday 29 Jun 2017There is growing speculation that major financial institutions could migrate thousands of jobs away from London as a result of Brexit. The exact details are still evolving but analysis by Bloomberg suggests Deutsche Bank has already marked one quarter of its 16,000 UK workforce for relocation. JP...
150M Hurricane blows Crystal Amber down
Thursday 29 Jun 2017Crystal Amber ( CRS:AIM ) , the investment group run by veteran Richard Bernstein, has 150m shares in UK oil company Hurricane Energy ( HUR:AIM ) , representing its largest holding. That’s important because a 33% collapse in Hurricane’s share price over the last three months has weighed on Crystal...
Petropavlovsk co-founder kicked off the board after 23 years’ service
Thursday 29 Jun 2017Peter Hambro has been ousted as chairman of gold miner Petropavlovsk ( POG ) 23 years after co-founding the company. Nearly 70% of the votes at last week’s annual general meeting were against the re-election of Hambro. The business has regularly been criticised for having poor standards of...
Worst Performing Sectors - AIM Stocks
Thursday 22 Jun 2017‹ Previous 2017-06-22 Next ›
BP has 200p per share of ‘hidden value’
Thursday 22 Jun 2017BP’s ( BP. ) underappreciated downstream business could add 200p to the company’s current 470.35p share price if the operations were valued in line with peers, according to investment bank Canaccord Genuity. The term ‘downstream’ is used to describe BP’s refining, marketing and distribution...
NHS to offer Roche’s cancer drug
Thursday 22 Jun 2017The NHS will now offer a £90,000 breast cancer drug from Switzerland-listed pharmaceutical giant Roche, having previously considered the product to be too expensive. Kadcyla is used to treat HER2-positive breast cancer that has spread to other parts of the body, which cannot be surgically removed...
1,000 US coal jobs
Thursday 22 Jun 2017There was lots of rhetoric about putting Americans first during US presidential election campaigning, but are we seeing it play out in the coal industry? 1,000 is the number of coal industry jobs created in the first quarter of 2017, according to Bureau of Labor Statistics data, making it a 51,000-...
£46m, Telecom Plus reels back share purchase plan
Thursday 22 Jun 2017Given the political, economic and regulatory uncertainties at large, it seems pretty reasonable that Telecom Plus ( TEP ) is picking balance sheet strength over short-term shareholder generosity. Opportunities and threats will likely emerge during the coming months and the multi-utility supplier...