Toby Green

Toby Green works on the Business Desk of the Evening Standard and The Independent.

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Market Report: Shire gets a boost from legal hopes

The wider market may have been feeling rather poorly yesterday, but Shire was one stock looking somewhat healthier. The drugs manufacturer found itself among the top blue-chip risers amid optimistic comments over its upcoming legal battles.

Market Report: Violence at mine hits Lonmin shares

Following violent clashes at its major mine in South Africa, Lonmin was among the worst fallers in the Square Mile yesterday. The platinum group finished at the bottom of the FTSE 250 as fighting between unions that has claimed a number of lives left production at its Marikana site at a virtual standstill.

Market Report: Sports Direct looks an Olympic winner

Like sports fans across the country, Sports Direct is likely to look back on this summer with fondness. The retailer, founded by Newcastle United-owner Mike Ashley, will have been boosted by both Euro 2012 and the Olympics, and yesterday City voices were claiming it judged the latter just right.

Market Report: FlyBe falls to earth with profit warning

With London this weekend bidding farewell to thousands of athletes, one company happy to see them go will be FlyBe. Punters were pushing over each other to reach the emergency exit yesterday after the regional airline said the Olympics were partly to blame for its latest woeful update.

Market Report: City takes Ocado off the shopping list

Could the demand for online grocery shopping be starting to slow? Ocado – a company whose raison d'être is to persuade us to swap supermarkets for shopping while on the sofa – will certainly hope not, yet City voices were yesterday talking down the likelihood of it becoming widespread.

Market Report: Vedanta dives after Cairn India boss exit

Investors in Vedanta Resources were bidding farewell to the boss of a major unit yesterday. Eight months since the miner took control of Cairn India in a deal worth $8.7bn (£5.6bn), the Square Mile was in for a shock after the well-regarded boss of the oil and gas company announced he was resigning.

Market Report: Carphone in line for a Best Buy deal lift

With US retail giant Best Buy being targeted by its founder, the talk in the Square Mile yesterday was focused on what could lie ahead for its British partner Carphone Warehouse if a deal goes ahead.

Market Report: Allergy given a hay fever shot in the arm

Punters in Allergy Therapeutics were breathing a little bit easier yesterday. The Aim-listed drugs company was enjoying a revival after regulators in the States finally decided to rescue its grass pollen allergy vaccine from limbo.

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