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.
- 1 Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
- 2 Greece debt crisis explained: A history of just how the country landed itself in such a mess
- 3 People all over the world are getting semicolon tattoos to draw attention to mental health
- 4 Greek debt crisis: Yanis Varoufakis's funniest (and most memorable) quotes
- 5 Swedish minister gives strongest case yet on why EU should stop turning away asylum seekers
Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
Greece debt crisis explained: A history of just how the country landed itself in such a mess
German conservatives are destroying Europe with austerity, says economist Thomas Piketty
Man dies instantly after shooting firework from top of his head
Isis schoolgirl Amira Abase who fled London to join terrorists in Syria mocks victims of Tunisia massacre
More Britons believe that multiculturalism makes the country worse - not better, says poll
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts
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