Plant closure hits ProStrakan

first_img KCS-content “The potential Sancuso manufacturing issue could be a bump in the road but should be temporary.”The company posted earnings before interest, tax, depreciation and amortisation (ebitda) of £1.2m for the six months to the end of June, against a £4.3m loss a year earlier, on 23 per cent higher revenue of £45.4m.Aveva Drug Delivery Systems, the maker of Sancuso, which had sales of £4.6m in the period, halted manufacturing for 8-12 weeks following an inspection by America’s Food and Drug Administration (FDA), ProStrakan said.“It’s a fluid situation and we don’t quite know what the outcome will be,” Totten said. “We are working with the manufacturer and the FDA towards making sure there is either no or minimal disruption to product supply.”Sales of Abstral, a formulation of fentanyl, used to treat sudden bouts of severe pain in cancer patients, rose to £7.4m. Thursday 19 August 2010 8:35 pm whatsapp whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img Plant closure hits ProStrakan Tags: NULL HIGHER distribution costs and a potential manufacturing problem with an anti-nausea patch overshadowed ProStrakan’s first core profit yesterday, which rose on higher sales of drugs for cancer pain and age-related diseases.Shares in the pharmaceutical firm closed down 7.5 per cent at 74p, after an inspection forced it to halt production at the manufacturing plant for its Sancuso anti-nausea patch.Numis analysts also said distribution costs rose five per cent in the period, and that higher operating costs would continue.“With today’s confirmation of the excellent drive in sales, our downgrade on future operating expenditure is disappointing,” they said in a note. Show Comments ▼ Sharelast_img read more

Booker in fruit and veg boost

first_img Booker in fruit and veg boost Thursday 16 September 2010 8:26 pm whatsapp whatsapp KCS-content BRITAIN’S biggest cash and carry wholesaler Booker reported a six per cent rise in second-quarter sales, helped by the World Cup and sales of fresh fruit and vegetables.The group, which supplies over 300,000 caterers and retailers from 172 branches throughout Britain, said its outlook for the year as a whole remains unchanged. Analysts expect Booker to report a full-year pre-tax profit of £62.1m, up from £57.2m last year.For the 12 weeks to 10 September, like-for-like total sales rose by 5.9 per cent, with fruit and vegetable sales up 46 per cent.Chief executive Charles Wilson said: “During the last quarter sales were assisted by the benefits of the World Cup, a strong promotional programme and a good performance from Booker Direct.”The World Cup fuelled sales as football fans stocked up on refreshments for the games.The group, which has 172 branches across the UK, said plans to broaden the business, including booker.co.uk were pressing ahead while its operations in India are progressing well.As of 10 September 2010 net cash was £10.1m versus net debt of £4m a year ago. center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼ Tags: NULLlast_img read more

Don’t reward HMRC’s massive failure

first_imgThursday 16 September 2010 9:11 pm Don’t reward HMRC’s massive failure by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com KCS-content center_img THERE is nothing worse than rewards for failure – somebody should have made that clear to Her Majesty’s Revenue and Customs (HMRC), the UK’s woefully underperforming tax body. Rather than displaying some much-needed humility after disastrously miscalculating the pay-as-you-earn (PAYE) income taxes of millions of people, and failing in many other ways over the years, the organisation is now lobbying for a gigantic power grab which could entirely redefine the relationship between the state, employees and their employers.If you think I’m exaggerating, take a look at HMRC’s proposals, outlined in a discussion document. At present, PAYE income taxes are deducted by employers from their employees’ wages on a monthly basis. Under the most extreme of the proposals, companies would start handing over their entire salaries to the government, in the shape of a “central calculator” run by HMRC. The taxes would then be deducted by HMRC and the remaining amount would be paid by the taxman to employees. Incredibly, HMRC would suddenly become the largest payroll organisation in the world – it, rather than employers, would pay wages. This would be a nightmare for many reasons. The set-up costs would be massive, with the need to hire thousands of consultants, developers and others; these sorts of IT projects are notoriously expensive, invariably go over budget and end up not working properly at all. Once set up, massive numbers of errors would lead to money being paid over by employers but not reaching employees on the due day. The track record of large IT projects shows that this is a certainty. Imagine if 1m people suddenly didn’t receive their pay at the end of the month? The authorities would have to hire tens of thousands of staff – jobs currently undertaken by payroll or HR departments in private firms – merely to deal with queries. While the coalition is espousing decentralisation and localism, centralising payroll under one government institution would be an absurd move in the opposite direction, a 1970s-style nationalisation of a system that must remain private and decentralised. And what about privacy? Will everyone’s salary and taxation level be available online to view, given that all of the data would suddenly be in one place? Hackers would have a field day. A related HMRC proposal would be to start introducing real-time information on pay so that tax is much more likely to be deducted correctly. This is – in theory – a good idea and would make it easier to reform the welfare system along the radical lines envisaged by Iain Duncan Smith. But there could be huge costs to employers, who would have to invest heavily in staff and computer systems. The real danger, however, is that HMRC is also thinking of forcing firms to hand over extra information to the authorities as part of this shift to real-time data. This is unacceptable for cost and privacy reasons. The Institute of Directors has highlighted some of the issues. Is pay frequency really needed? How can employers be expected to know about all third-party payments, in real time? Does the fact that some pay is for holidays matter for tax purposes? Finally, there is a suggestion that hours worked should be recorded – this would be an odiously authoritarian development. It is almost as if officials are seeking to kill off corporate Britain and to impose Soviet-style controls on taxpayers. The coalition government should tell HMRC where to go. [email protected] Show Comments ▼ Share whatsapp Tags: NULLlast_img read more

US Senate is divided in row over tax breaks

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Sunday 26 September 2010 10:14 pm whatsapp US Democrats do not have the votes in the Senate to pass their proposal to extend tax breaks for all but the richest Americans, Senate majority whip Dick Durbin said yesterday after the US lower house left the door open for a vote on the proposals to be delayed until after the mid-term elections.Under the Democrat’s proposals, a tax break introduced by the previous Bush administration would be extended to individuals earning up to $200,000 (£126,000) and couples who earn $250,000 jointly. Republicans want the tax break extended to all citizens. Those affected by the Democratic proposals represent the top two per cent of earners in the US. The tax breaks are due to end on 31 December.Republicans, and a few Democrats, say the tax reductions should apply to all as raising taxes in an atmosphere of high unemployment and slow growth risks slowing recovery.There are also disagreements over the timing of the vote after the House of Representatives left it open to delay beyond 2 November, the date of midterm elections in which the Democrats expect to fare badly in.“We know we don’t have the 60 votes for our position,” Durbin said yesterday. Tags: NULL whatsapp US Senate is divided in row over tax breaks center_img Share KCS-content More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼last_img read more

UK trade gap narrows but imports fall

first_img UK trade gap narrows but imports fall Tuesday 12 October 2010 8:40 pm Show Comments ▼ whatsapp Share whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content THE UK’s trade deficit narrowed slightly, official figures showed yesterday, but imports fell by twice as much as export, suggesting a softening of domestic demand. The trade deficit fell to £4.6bn in August, falling back from a five-year high of £5bn in July.While there was an improvement in the UK’s net trade position – the deficit narrowed to £8.2bn in August compared with £8.7bn in July – exports fell by £0.4bn and imports fell by double that at £0.8bn. The volume of imports was 1.5 per cent lower than a month ago. The UK’s trade deficit with EU countries narrowed to £3.5bn in August, compared with a deficit of £4bn in July. Exports rose by £0.1bn but again imports fell by £0.3bn. The deficit with non-EU countries was £4.7bn in August, unchanged from July. Exports and imports both fell by £0.5bn compared with the previous month, the ONS said. Howard Archer, chief European and UK economist at IHS Global Insight, said signs of net trade “riding to the rescue of the UK economy remain conspicuous by their absence”.Meanwhile David Kern, chief economist at the British Chambers of Commerce, said the fall in imports was a serious concern.He added: “With the forthcoming spending cuts set to dampen domestic demand, the UK economy risks declines without significant growth in our net exports.” Tags: NULLlast_img read more

Russian rail group plans London IPO

first_img Russian rail group plans London IPO RUSSIAN transport group TransContainer is poised to launch an initial public offering (IPO) in Moscow and London, in a bid to raise as much as $500m (£317m).TransContainer, a subsidiary of the state-owned Russian Railways group, will float 35 per cent of its equity, or 4,863,170 shares.Last week, Russian Prime Minister Vladmir Putin signed an order permitting the container transportation company to list its shares. TransContainer’s board is to vote on the IPO later this week. TransContainer will have a dual London and Moscow listing, as Russia begins its biggest privatisation programme since the 1990s. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap JP Morgan, Morgan Stanley and Troika Dialog acted as joint global coordinators and joint bookrunners. whatsapp KCS-content Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Share Tuesday 12 October 2010 9:14 pm Tags: NULLlast_img read more

Helicopter group mulls stake sale

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Show Comments ▼ Helicopter group mulls stake sale Tags: NULL Sunday 7 November 2010 8:52 pm Sharecenter_img KCS-content whatsapp More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comKansas coach fired for using N-word toward Black playerthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com BOND Aviation, one of the largest helicopter operators in the UK, is mulling the possibility of selling part of the business to a private equity investor in order to fund its expansion.Bond, which operates two divisions – Bond Air Services, providing helicopters to the police and ambulance emergency services, and Bond Offshore Helicopters, which supplies the North Sea oil and gas sector – has hired NM Rothschild to advise it on the sale, according to reports over the weekend.The company is thought to be considering selling between a third and two thirds of the business, in a process that could value Bond at up to £300m. It is currently family owned.Bond currently has a fleet of 39 helicopters and turned a profit of £15.6m last year. But it is thought to be interested in a significant expansion to take advantage of demand for both its emergency services and transport machines.The original Bond family business, founded in the 1960s, was reacquired by Stephen and Peter Bond in 1996, when the brothers bought back a division from Norwegian firm Helikopter Services Group. Its big break came eight years later, when the offshore unit won a lucrative £120m contract from oil giant BP to provide all of its Scottish helicopter support operations.The company now also provides aviation transport services to other energy providers operating in the area, including Conoco Phillips and Maersk.Bond also provides search and rescue helicopters for use in the North Sea area. whatsapplast_img read more

American auto sales top 13m

first_img American auto sales top 13m KCS-content Share whatsapp AMERICAN auto sales hit their highest level in 16 months in December, it was revealed yesterday.The figures surpassed expectations and marked the end of a strong year for the formerly troubled industry.Economists had predicted sales of 12.3m, yet the annual sales rate for December jumped above 13m, according to initial data from major automakers.US vehicle sales rose more than 11 per cent in 2010, reversing a four-year slide. The figures are a snapshot of consumer demand and bode well for the economic recovery in the new year.The previous decline in the industry had ended in controversial government bailouts for GM and Chrysler.Ford, however, avoided a bailout. Car makers now believe that sales for 2011 can also exceed 13m.“It was stronger than we thought,” commented Ford’s George Pipas on the results.And there was also good news for US manufacturing, as factory orders rose 0.7 per cent in November.Orders excluding transportation recorded their largest gain in eight months, fueling dollar buying versus the euro.The result surprised analysts who had expected orders to either level out or actually decline, after orders fell by 0.7 per cent the previous month.FAST FACTS | US AUTO SALESGeneral Motors annualised sales rose 7.5 per cent in December.Ford sales increased by 6.7 per cent over the same period, while shares rose by over 70 per cent. whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼ Tags: NULL Tuesday 4 January 2011 7:39 pmlast_img read more

Analyst views: How important is this deal for BP?

first_img Tags: NULL Analyst views: How important is this deal for BP? Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleBrake For It40 Features In Cars No One Ever Knew: No.19 Is In Every CarBrake For ItFactableThis Is What Historical Figures May Have Really Looked LikeFactablezenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsItsTheVibeThe Cutest 1980’s Stars Are Now In Their 60s, This Is Them NowItsTheVibeMoneyWise.comThe Worst College In Every US State, RankedMoneyWise.comMovie JewelInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeMovie Jewel KCS-content Sharecenter_img whatsapp Show Comments ▼ whatsapp PETER HITCHENS | PANMURE GORDON This is an exciting move. With this deal , BP will bring the expertise that it has developed in Alaska, the Beaufort Sea and Northern Siberia. By getting into bed with Rosneft, the group obtains first mover advantage.KEITH MORRIS | EVOLUTION SECURITIESThe deal looks like a typically bold BP move accessing a new region considered highly prospective. But this is an exploration opportunity so while it may be a good long-term strategic investment, delivery is years away.JONATHAN JACKSON | KILLIK & COIt looks as if BP has taken a view that the chances of it being able to access resources in the US may be beyond the company for a generation and believes it needs to look elsewhere for growth options. Monday 17 January 2011 9:20 pmlast_img read more

Relief for Apple as sales soar

first_img KCS-content Tags: NULL Show Comments ▼ Tuesday 18 January 2011 8:47 pm whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Share Relief for Apple as sales soar whatsapp APPLE beat expectations with its quarterly results yesterday, buoyed by strong Christmas figures that saw the company sell 7.3m iPads, 16.2m iPhones and 19.5m iPods during the period.Analysts had expected earnings per share (EPS) of $3.95 versus an actual EPS of $4.64. Revenues were $26.7bn (£16.7bn) compared with a consensus forecast of $24bn.Apple executives will hope that the earnings, which were released after markets closed yesterday, will give the company’s stock some relief after the news on Monday that chief executive Steve Jobs is to take sick leave.Apple shares fell 6.3 per cent in early trading before closing 2.3 per cent lower in response to the news about Jobs, but were up 1.3 per cent in after hours trading and could regain their losses today on the back of the firm’s strong results.Sale of iPhones, in particular, rocketed above expectations, recording an 86 per cent jump on the equivalent quarter a year ago. The company had a particularly strong showing internationally: 62 per cent of revenues were from outside the US.“We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,” said Jobs, Apple’s chief executive. “We are firing on all cylinders and we’ve got some exciting things in the pipeline for this year.”The bottom line was also helped by a fall in gross margins, which came to 38.5 per cent versus 40.9 last year.The only major decline in product sales was among iPods: seven per cent fewer were sold during last quarter than during the equivalent period of 2009. Investors will now have to balance the strong business growth with the departure of Jobs, seen as Apple’s mastermind. last_img read more