COMPANY OF THE WEEK
Sunday 17 May 1998
BTP, which produces a range of specialty chemicals, including disinfectants, agrochemicals and brewing agents, jumped 24 pence to 523.5. It has risen 24 per cent during the past 10 trading days.
Sales of Viagra, which was introduced a month ago, are likely to top $1bn in the first 12 months, and may reach as much as $2bn in 1999, analysts have estimated.
"It's such a powerful story in terms of sentiment. You're going to get a lot of publicity for Viagra," said Jeremy Chantry, an analyst at Credit Lyonnais Securities.
Mr Chantry had a "buy" stance on the company even before news of Viagra's potential was released.
Mr Chantry said that sales related to the pill could account for about 3 per cent of BTP's profit in a couple of years.
Traders and investors said Credit Suisse First Boston analysts repeated their "buy" stance on the stock and set a price target of 615p.
- 1 Chelsea victory parade mocked on Twitter as 'tens of fans' pack the streets of London
- 2 Preston fan who appeared to snatch Jermaine Beckford's shirt from eight-year-old boy identified and says: 'the truth will come out'
- 3 Johnny Depp facing 10 years in jail for illegally bringing dogs to Australia
- 4 US warned by Chinese media to stop meddling or 'war will be inevitable'
- 5 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
Australian man punched in the face for defending Muslim women from abuse on train
Johnny Depp facing 10 years in jail for illegally bringing dogs to Australia
US warned by Chinese media to stop meddling or 'war will be inevitable'
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
The day that Britain resigned as a global power
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
A nation of inequality: How the UK is failing to feed its most vulnerable people
iJobs Money & Business
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is a mul...
£55 - 65k (DOE): Guru Careers: A unique opportunity for a permanent C# Develop...
£16 - 20k: Guru Careers: A Graduate Editor / Editorial Assistant is needed to ...
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...