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 The political parties aren't all the same – which means 2015 will be a 'big-choice' election
- 2 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 3 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
UK weather: Warning for more snow and ice as freezing temperatures and gales hit Britain
Three killed at South Korean nuclear reactor days after hackers target country's atomic agency
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Immigrants make UK racist, says Ukip councillor Trevor Shonk
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
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