Business news in brief
Tuesday 18 March 1997
Investment column, page 22
In a fresh hint that the US Federal Reserve might raise interest rates after its Open Market Committee meets next week, Robert Parry, president of the San Francisco Fed, said it must be ready to head off future inflation. Speaking in Germany, he said: "We must be ready to act to head off an increase in inflation before they show up in the inflation data."
Sir Richard Sykes, chief executive of Glaxo Wellcome, has netted a paper profit of nearly pounds 1.8m after exercising options over shares worth pounds 4.4m at the current price. Sir Richard sold enough of the resulting 394,000 shares to meet the pounds 2.6m cost of exercising the options and an associated capital gains tax bill of around pounds 500,000. The deal increased his stake in the company by a net 108,476 shares to 331,551.
Scottish Amicable Finance has received final bid offers from Abbey National, AMP Society and Prudential Corporation and will make a recommended proposal by the end of March.
Geoffrey Macnab does not like the comedian's big screen debut
Look beyond the usual shows for the best festive telly
The battle for control of Stieg Larsson's £30m legacy
French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
David Cameron takes his biggest gamble yet as he gets tough on Europe over immigration
Two PAs cleared of fraud - and Nigella Lawson left reeling at 'ridiculous sideshow' of drug allegations and public dissection of her marriage to Charles Saatchi
Burglar steals video tapes of child abuse, hands them into police
Paul Walker's daughter Meadow attends Justin Bieber Believe premiere
- 1 Tim Sherwood challenges Daniel Levy to set out vision for Tottenham Hotspur’s future
- 2 French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
- 3 Sun will 'flip upside down' within weeks, says Nasa
- 4 #Teamnigella: It’s the only side to be on
- 5 Christmas comes early: Justin Bieber is 'retiring from music'
- < Previous
- Next >
iJobs Money & Business
£50000 - £75000 per annum + benefits + bonus: Harrington Starr: Project Manage...
£60000 - £90000 per annum + benefits + bonus: Harrington Starr: Business Analy...
£Negotiable: Citifocus: High calibre individual with institutional client serv...
£120000 - £150000 per annum: Cornwallis Elt : Programme Manager, Strategy Lead...