Chote is still best man for the OBR

first_img Show Comments ▼ whatsapp Tags: NULL Share KCS-content THE highly respected Institue of Fiscal Studies (IFS) has been a thorn in the side of government – both Conservative and Labour – for as long as I can remember.During the Gordon Brown era it constantly pulled up the then chancellor for overpromising on the public finances and earlier this week it savaged the current regime, declaring that its recent Budget will hit the poorest hardest.If it was seen to have been constantly nit-picking, but without any merit, then the IFS would not have the reputation it has today.Unfortunately some think that this week’s row over whether the IFS was right to describe chancellor George Osborne’s first Budget as unfair might jeopardise the chances of its head, Robert Chote, becoming the second head of the Office for Budget Responsibility. But it shouldn’t do.It is typical of Chote, a former journalist with the Independent – where I worked with him – and the Financial Times – that the little matter of the possibility of a plum job in government would not make an iota of difference to his organisation’s take on the Budget.Osborne and deputy prime minister Nick Clegg made much of the Budget’s fairness and for the IFS to have questioned this claim was bound to cause a stir. It would also have caused more than a little irritation. But it would not have crossed Chote’s mind to pull some punches when it came to the crunch. But if Osborne and Clegg can stomach it, they should embrace Chote, not keep him out of the fold. The Office of Budget Responsibility will only work as an institution if it is seen to be totally free of government and the Treasury. The first incumbent, Sir Alan Budd, was never viewed as a man who might stand up to strong political pressure and his short reign has ended in tears.Chote has spent his career, both as a journalist and as head of the IFS, as a man unafraid to take on any party, and to do so in an extremely thorough way, with judgments backed by the hard numbers. It’s still not clear whether he has applied for the post or has been approached. But the government shouldn’t let this week’s row get in the way. In my view, an early announcement heralding his appointment would be good for all concerned. Thursday 26 August 2010 8:58 pm Chote is still best man for the OBR whatsapp AUTUMN LEAVESAs the leaves fall onto the ground to usher in the autumn, there is always an air of excitement and expectation about the place. The holidays were fun but now we’re ready to swap the silly season for the busy season. At City A.M. there’s plenty to look forward to. As from next Tuesday (we’re not publishing on Bank Holiday Monday) we’ll be available at a host of new stations including Marylebone, High Barnet and Angel. Circulation will be increasing throughout the autumn with a growing number of readers able to get the newspaper at the beginning of their journey. Also on Tuesday we’ll begin the unveiling of the short list for our inaugural awards competition that will take place at the Grange Hotel on 28 October. This will be a time to acknowledge the heroes of the business world. So don’t miss next week’s papers to see if you or your company is in the mix. Have a great Bank Holiday [email protected] Heath is away last_img read more

Carrefour profit up 7.6 per cent

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tuesday 31 August 2010 5:03 am More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Carrefour profit up 7.6 per cent Carrefour, Europe’s top retailer, said the summer sales trend was mixed in Europe but demand was holding up in emerging markets and confirmed it expected operating profit to rise this year.Tight cost control and buoyant emerging markets lifted first-half profit by 7.6 per cent, in line with guidance given in July, the company said.Chief financial officer Pierre Bouchut told a conference call that sales trends at Carrefour were “rather satisfactory” in Europe in July but “slightly disappointing” in August while demand was sustained in emerging markets.The world’s No 2 retailer by sales behind US group Wal-Mart confirmed that it expected an underlying operating profit of around 3.1 billion euros (£2.5bn) this year, having achieved £1.096bn in the first-half.“Our transformation plan is delivering planned results and makes us confident of achieving our 2010 objectives,” Chief Executive Lars Olofsson said in a statement.Carrefour has launched a three-year overhaul plan aimed at tackling underperformance in its main western European markets and delivering 4.5 billion euros of savings.The French group, which has over 15,500 stores in 35 countries, achieved cost savings of 236m euros in the first half, nearly half the 500m targeted for the full year.The group, whose stores range from Ed hard discount stores to Carrefour hypermarkets, returned to a first-half net profit of 67 million euros after a loss of 48m in the same period in 2009. center_img whatsapp whatsapp John Dunne Show Comments ▼ Tags: NULLlast_img read more

Eurozone unemployment remains at record ten per cent

first_img Eurozone unemployment remains at record ten per cent Tuesday 31 August 2010 6:23 am Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsSmartAnswers.netThis New Volkswagen SUV Is The Car Of Your Dreams.SmartAnswers.net whatsapp whatsappcenter_img John Dunne More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Unemployment in the eurozone remained at ten per cent for a fifth month in a row, according to official figures.Almost 16m people remain unemployed in the 16 countries that use the euro, the EU’s statistics agency Eurostat said.The agency also reported a fall in the rate of inflation in the eurozone.In August, prices rose by 1.6 per cent year-on-year, down from 1.7 per cent in July, and still below the target of two per cent.However, German unemployment fell in August to its lowest since November 2008, laying the ground for further growth in consumer spending that the economy needs for a more balanced rebound. Share Tags: NULLlast_img read more

BHP Billiton pursuit of Potash over

first_img KCS-content BHP Billiton pursuit of Potash over whatsapp GLOBAL mining giant BHP Billiton last night killed off its protracted $39bn (£24bn) pursuit of Potash, the world’s biggest deal this year, and said it would return $4.2bn (£2.6bn) to investors through a share buyback.The move comes after Canada blocked BHP’s bid for the world’s largest fertiliser maker on 3 November and gave BHP a month to demonstrate the takeover would benefit Canada.BHP gave up the fight in its third straight failure to seal a major acquisition under chief executive Marius Kloppers, and bowed to calls from some shareholders for a return of capital, signalling it has limited opportunities for other big takeovers.Kloppers has long said the company would prefer to spend its cash pile on development projects and acquisitions rather than giving it back to shareholders.In a statement released late last night, Kloppers said: “Unfortunately, despite having received all required anti-trust clearances for the offer, we have not been able to obtain clearance under the Investment Canada Act and have accordingly decided to withdraw the offer.”BHP said Ottawa was asking for too many concessions beyond the more than $1bn worth of undertakings the company had already offered as benefits to Canada.BHP said it would book $350m (£217m) in costs for the Potash deal. Sunday 14 November 2010 11:32 pm Sharecenter_img whatsapp Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoGloriousaCouple Wins Lottery, 5 Years Later, Their House Had To Be DemolishedGloriousaUndo Tags: NULL 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 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

Advisers say migrant cap needs rethink

first_img whatsapp KCS-content Show Comments ▼ PLANS to cap the number of skilled migrant workers coming to the UK will only go a small way to achieving new immigration targets and are likely to damage economic growth, a government advisory body warned.The Migration Advisory Committee (MAC) was asked by Home Secretary Theresa May to recommend limits on the number of skilled workers entering the UK from outside Europe. Its latest report says that if government targets to return immigration levels to “the tens of thousands” from 196,000 by 2015 are to be achieved, the number of workers from outside Europe will need to be cut by between 13 and 25 per cent next year.But in his foreward, MAC chair Professor David Metcalf stated: “It is not possible to reduce net migration to the tens of thousands by limiting work-related migration alone. This goal can only be achieved by also cutting net migration under the study and family routes.”The professor noted “widespread concern among employers regarding the impact that limits on migration could have” and suggested that alternative methods to capping workers may be more practicable. “Limits on work visas could be eased if, for example: the study and family routes bear more than their pro-rata share of any cuts.”The 300 page report gave support to businesses concerned by the economic impact of a stringent cap on migrant workers. He said: “[Skilled] migration makes a small but positive contribution to GDP per head. Such effects will accumulate over time and become more significant.”Baroness Jo Valentine, chief executive of business lobby group London First praised the bold nature of the report. She said: “It is quite brave of them to point out, more than once in the document that the economic case argues against capping these highly skilled individuals.” Thursday 18 November 2010 8:40 pm whatsapp Tags: NULL Advisers say migrant cap needs rethink Share 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 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

Investors in Irish bank bonds could be forced to share in the bailout pain

first_img Investors in Irish bank bonds could be forced to share in the bailout pain whatsapp whatsapp Tags: NULL Share Monday 22 November 2010 7:58 pm Show Comments ▼ KCS-content INVESTORS in some of the riskiest kinds of Irish bank debt could face big losses as part of the bailout deal being thrashed out between the Irish government, the EU and the International Monetary Fund (IMF). Already, some Irish banks, many of which have been semi-nationalised, are attempting to restructure their debt. Anglo Irish Bank Corp yesterday announced that bondholders of €1.58bn’s worth of its debt – bonds due to mature in 2014, 2016 and 2017 – had agreed to swap their notes for one-year government-backed securities paying 3.75 per cent over the euro interbank offered rate.The question of whether bondholders will have to take haircuts – that is, write-downs on the value of their debt – on their Irish bank securities will be decided over the coming weeks as the Irish government negotiates the terms of the nation’s bailout. However, some think haircuts are unlikely. In a note to investors, analysts at Deutsche Bank wrote: “There is only around €20bn of senior unsecured, non-government guarantee bank paper. Even a 50 per cent haircut would only save €10bn.” More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comlast_img read more

Winter turnaround for consumer morale, reports Nationwide poll

first_img KCS-content Monday 17 January 2011 8:48 pm Share Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndo whatsapp Winter turnaround for consumer morale, reports Nationwide poll center_img whatsapp CONSUMER confidence picked up in December, Nationwide said today.Despite recent falls in Nationwide’s index, data for last month revealed an uptick, driven by more optimistic expectations for this year.“At 73 points, the expectations measure reached its highest level for three months, and perhaps provides some hope that the recovery will gain momentum in 2011,” said Robert Gardner, head Nationwide economist.Attitudes to spending also increased, although some retailers saw December sales damaged by the extreme weather conditions.The index has some way to go to return to pre-recession levels, Gardner warned. “While the uptick is encouraging, household confidence nevertheless remains subdued,” he said.The headline confidence measure jumped eight points to 53 in December, yet remains below the long-term average index rating of 81. 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 Show Comments ▼last_img read more

German factory orders give hope

first_img KCS-content Tags: NULL More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com whatsapp Germany’s booming economic recovery could face a slowdown, the Bundesbank warned yesterday. Last year the economy expanded at its fastest rate since reunification, following a severe downturn during the global recession. Despite a possible slowdown, strong manufacturing orders from the final quarter of 2010 bode well for German prospects, the Bundesbank’s monthly report said. Monday 17 January 2011 8:46 pmcenter_img whatsapp Show Comments ▼ 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 AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads German factory orders give hope Sharelast_img read more

Facebook offer closed to US

first_img Share GOLDMAN Sachs will exclude US clients from a $1.5bn (£940m) private offering of Facebook shares, citing “intense media attention”.The investment bank denied the move was heralded by the Securities and Exchange Commission examining the trading of stock in non-listed companies.However, it is thought that scrutiny of the deal in the US could leave Goldman open to regulatory obstacles. The offering attracted attention as it will circumvent rules requiring firms with more than 500 investors to publish their financial results. The Facebook offer makes use of a “special use investment vehicle” which many individuals can buy into but only counts as a single shareholder.Clients in the UK, mainland Europe and Asia have been alerted to the offer, which will value the social network at $50bn. KCS-content Facebook offer closed to US whatsapp More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.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.org 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 AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite 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 Herald Show Comments ▼ Monday 17 January 2011 9:32 pm Tags: NULLlast_img read more

Novartis: Tough times to come

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe 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 AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads Show Comments ▼ whatsapp Thursday 27 January 2011 8:45 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof Sharecenter_img Tags: NULL KCS-content whatsapp NOVARTIS warned that price cuts, US healthcare reform and generics competition were likely to dampen pharma sales growth, as it missed fourth quarter earnings forecasts.The Swiss drug-maker reported a 10 per cent drop in fourth-quarter core earnings per share as one-off costs weighed. It will take a $2bn (£1.3bn) writedown related to its buy of eyecare group Alcon this year.Novartis still posted slightly better-than-expected fourth-quarter sales, which rose 10 per cent thanks to the success of its newest products. Novartis: Tough times to come last_img read more