text stringlengths 348 8.58k | label int64 0 49 |
|---|---|
Shanghai-born tycoon Tung Chee-hwa claimed victory for himself and for the Chinese nation on Wednesday when he won the race for Hong Kong's future leader.
"For the past 100 years, Hong Kong has been a colony. Now we are in charge of ourselves. I believe most Hong Kong people have confidence in the future," said Tung.
"... | 27 |
Up to 100,000 tonnes of copper held in Shanghai bonded warehouses, confounding the world market as to its source and ultimate fate, probably belongs to China's strategic state reserve, industry sources said on Friday.
Around 40,000 tonnes of the copper have already been moved to warehouses near the northern port of Yin... | 27 |
Falling world metal prices have spooked Asian aluminium traders who said on Monday up to 80,000 tonnes of the metal was sitting in Chinese ports, having been ordered by consumers who now want to pay the lower prices.
"A lot of people have aluminium stuck in China," a trader based in Hong Kong with a European firm said.... | 27 |
Some Chinese traders are moving to take advantage of a sharp rally in world copper prices by selling the red metal back to the market, Far East metal industry sources said on Wednesday.
A rise in copper stocks held in London Metal Exchange (LME) warehouses in Singapore was attributed in part by some trading sources to ... | 27 |
Chinese grain sellers are cutting the price they are willing to accept to export corn but are still a good US$12 a tonne over prevailing world prices, Far East trading sources said on Wednesday.
Chinese corn was being offered at $150 a tonne FOB (free on board), traders in Hong Kong and China said, while U.S. corn is s... | 27 |
Wheat is unlikely to become a casualty of the row between Beijing and Washington over U.S. arms sales to Taiwan since higher grain production in China is slashing the need for imports, traders said on Tuesday.
"As far as we see business, we could well not have anything with China for the rest of this year," a U.S. trad... | 27 |
U.S. experts are striving to assure China their chicken is safe, but it is impossible to tell if poultry exported to China comes from areas hit by dangerous diseases, government and industry sources said on Monday.
Poultry is processed on such a massive scale in the United States there was no way of knowing where the b... | 27 |
Chinese and U.S. scientists are making good progress in meetings on China's decision to ban poultry imports from the United States, a U.S. source said on Thursday.
The Chinese government banned all imports of poultry and poultry products from 10 U.S. states earlier this month for fear it carried a virus called highly p... | 27 |
China has given the green light to corn exports but has set a minimum selling price so high above world levels that the grain is going nowhere and farmers are missing out on much-needed cash, traders said on Tuesday.
The selling price for a tonne of Chinese corn has been set at US$170 at a time when the world price is ... | 27 |
Casualties are starting to mount as Chinese buyers of soybeans and soybean meal default or cancel contracts in the wake of falling international prices, Asian trading sources said on Thursday.
"We have stopped doing Chinese business for now," said a trader in Hong Kong with a major international house.
"We're waiting f... | 27 |
Wheat is unlikely to become a casualty of the row between Beijing and Washington over U.S. arms sales to Taiwan since higher grain production in China is slashing the need for imports, traders said on Tuesday.
"As far as we see business, we could well not have anything with China for the rest of this year," a U.S. trad... | 27 |
International copper prices are likely to stick to the high road for some time yet, pricing the metal out of the key China market, Far East metal traders said on Monday.
"The LME (London Metal Exchange) will move higher and will test US$2,100 (a tonne)," a base metal trader in Hong Kong said.
"We want it to go down. $1... | 27 |
Around 300,000 tonnes of copper is in the process of being added to the stocks of China's central reserve authorities with about a third of that quantity now clearing through customs, Asian traders said on Monday.
Metals trading and industry sources polled in recent days by Reuters generally agreed that Shanghai bonded... | 27 |
China has emerged from the cocoon of last week's National Day celebrations to swoop on the world's soybean and soymeal markets, snapping up a total of between 600,000 and 800,000 tonnes, traders said on Tuesday.
One trader in the region took the credit for a full half of 800,000 tonnes of beans and meal business that h... | 27 |
Copper stored in Shanghai warehouses -- the murky ownership of which has cast a pall of concern over the world market -- is being offered in small lots to European trading houses, industry sources said on Thursday.
The copper is been offered for sale at a high premium in order to set a benchmark price for its eventual ... | 27 |
China has banned imports of poultry from 10 U.S. states because of fears the meat carries a fowl plague, a U.S. embassy official in Beijing said Wednesday.
The ban threatens an export market worth about $500 million a year.
"China has placed a ban on imports of all poultry and poultry products from 10 states," the offi... | 27 |
Demand is the engine that will drive China's metals markets in 1997, said analysts and traders who expect a modest flow of money to keep consumption of base metals such as aluminium and copper ticking over.
"Consumption, don't forget consumption. It is much more important than people think," a South American industry e... | 27 |
Chile, the world's biggest copper exporter, hopes to forge close trade and technical support ties with China, the world's biggest copper importer, Deputy Minister of Foreign Affairs Mariano Fernandez said.
"There is Chinese interest in participating in some mining projects in Chile, and we have an interest in participa... | 27 |
Copper is dribbling out of China in small lots as some Chinese traders try to take advantage of higher world prices to cash in, Far East metals traders said on Monday.
In an otherwise catatonic market, copper movements out of China were the only ripples on a glassy pond.
"The market is very dull, but we are getting som... | 27 |
International trading companies are rebelling against a contractual stipulation by Chinese traders demanding the right to reinspect and reject some cargoes arriving in China, traders said on Wednesday.
"No way, there is absolutely no reason for any trading company to accept these terms," a Singapore grain trader said.
... | 27 |
Genetically-altered soybeans at the centre of an international environmental furore are causing little concern in China, a major soybean importer with its own bio-engineering programmes, industry sources said on Wednesday.
"China is a very public and vocal supporter of our technology," said a source at Monsanto Co, the... | 27 |
China has agreed not to enforce a ban on imports of U.S. poultry until after top-level quarantine talks scheduled to take place in Beijing next week, U.S. business and diplomatic sources said on Tuesday.
"We understand they (the Chinese authorities) have not issued any letter to the field banning imports, and that they... | 27 |
China is not expected to be in the international market for sugar before mid-1997 as stocks are high and domestic prices are recovering in the lead up to the harvest, traders and Western industry sources said on Wednesday.
But a lack of cash among state-run sugar processors could affect farmers' willingness to keep gro... | 27 |
Casualties are starting to mount as Chinese buyers of soybeans and soybean meal default or cancel contracts in the wake of falling international prices, Asian trading sources said on Thursday.
"We have stopped doing Chinese business for now," said a trader in Hong Kong with a major international house.
"We're waiting f... | 27 |
U.S. officials are confident a China visit by senior agricultural experts will break an impasse that threatens a multi-million dollar Chinese market for U.S. poultry products, a U.S. agriculture official said on Tuesday.
"Things are looking good," the official in Beijing told Reuters on condition of anonymity.
"I would... | 27 |
Fears China has been cancelling soybean and soybean meal orders in the wake of tumbling world prices came as no surprise to Asian grain traders on Tuesday.
"Prices have dropped US$10 (a tonne) since Friday -- there is the incentive," a Hong Kong trader said.
"If you can buy cheaper material, then you probably will, no ... | 27 |
Hundreds of thousands of tonnes of copper have moved through Chinese customs into central stocks and are staying put, despite fears the metal could be sold to take advantage of current high prices, traders said on Monday.
"It was a good decision to buy good quality metal at 85 to 90 (U.S.) cents a pound; now they are f... | 27 |
China is not expected to be in the international market for sugar before mid-1997 as stocks are high and domestic prices are recovering in the lead up to the harvest, traders and Western industry sources said on Wednesday.
But a lack of cash among state-run sugar processors could affect farmers' willingness to keep gro... | 27 |
China has banned imports of poultry from 10 U.S. states, threatening an export market worth about $500 million a year, because of fears it carries a fowl plague, a U.S. embassy official in Beijing said on Wednesday.
"China has placed a ban on imports of all poultry and poultry products from 10 states," the official sai... | 27 |
China is unlikely to need to buy rice on the international market to make up for flood damage to domestic crops, Far East traders said on Tuesday.
No China inquiries for rice were reported by traders in China, Hong Kong, Singapore and Thailand.
"As far as large demand from the (central grain) reserve, COFCO (China Nati... | 27 |
China's decision to ban imports of some U.S. chicken meat due to concerns about a fowl plague could hit a multi-million dollar export business, although U.S. officials said on Friday their chickens do not have the disease.
"We don't have highly pathogenic avian influenza in the U.S.," a U.S. quarantine official told Re... | 27 |
China's decision to ban imports of some U.S. chicken meat due to concerns about a fowl plague could hit a multi-million dollar export business, although U.S. officials said Friday American chickens do not have the disease.
"We don't have highly pathogenic avian influenza (A.I.) in the U.S.," a U.S. quarantine official ... | 27 |
Chile, the world's biggest copper exporter, hopes to forge close trade and technical support ties with China, the world's biggest copper importer, Deputy Minister of Foreign Affairs Mariano Fernandez said.
"There is Chinese interest in participating in some mining projects in Chile, and we have an interest in participa... | 27 |
Protectionist policies practised by a major Chinese soybean producing province are keeping prices for the grain throughout the country artifically high, Far East traders said on Thursday.
Heilongjiang, in China's far northeast, will not allow soybeans to leave the province in any but value-added form, a policy which tr... | 27 |
China's decision to ban imports of some U.S. chicken meat due to concerns about a fowl plague could hit a multi-million dollar export business, although U.S. officials said on Friday their chickens do not have the disease.
"We don't have highly pathogenic avian influenza (A.I.) in the U.S.," a U.S. quarantine official ... | 27 |
Smiles are coming back to the faces of Asian sugar traders and industry executives, who are smacking their lips at the prospect of a stabilised Chinese market and decent profits for sugar mills there.
Prices for sugar in China were starting to move to levels not only covering factory costs but providing some profits, t... | 27 |
China is awash with steel and suppliers scrambling for a piece of one of the world's few active markets and keeping prices down while they go about it, traders and industry executives in Asia said on Tuesday. "The competition is forcing prices down," a senior executive with a Western firm said.
Prices had fallen 10 per... | 27 |
Asian traders raised their eyebrows on Monday at reports that China had bought hundreds of thousands of tonnes of soybean oil, saying authorities had issued import licences for only a fraction of that.
"Total quota issued (for soybean oil imports) were a little over 100,000 tonnes," a trader in Shanghai said.
"People w... | 27 |
Chinese importers are expected to make incremental use of import quotas for 1.3 million tonnes of palm oil to avoid driving up the world price and pushing down the domestic price, Far East traders said on Friday.
China still has significant stocks of edible oil -- reported in official media to be 2.8 million tonnes by ... | 27 |
China's zinc industry is fast succumbing to the rigours of reform, as mines and smelters find that surviving without government grace is difficult and the ways of the world are tough, Far East traders said on Monday.
Withdrawal of government subsidies, combined with tight credit, expensive infrastructure and utilties, ... | 27 |
The rise in the London Metal Exchange (LME) zinc price to a five-month high in Asia on Thursday will benefit China, one of the major sources of the metal throughout the Far East, regional traders said.
"It would be good for China because they have a lot of physical metal and they have a lot to sell from producers on th... | 27 |
China has agreed not to enforce a ban on imports of U.S. poultry until after top-level quarantine talks scheduled to take place in Beijing next week, U.S. business and diplomatic sources said Tuesday.
"We understand they (the Chinese authorities) have not issued any letter to the field banning imports, and that they wi... | 27 |
Copper stored in Shanghai warehouses -- the murky ownership of which has cast a pall of concern over the world market -- is being offered in small lots to European trading houses, industry sources said on Thursday.
The copper is been offered for sale at a high premium in order to set a benchmark price for its eventual ... | 27 |
China has missed a golden opportunity to export corn and earn millions of dollars, and now has up to a million tonnes of the grain rotting in silos in the country's north, Far East traders said on Tuesday.
"This year is going to be a major disaster," a Hong Kong trader said.
"All that corn sitting in Dalian is just rot... | 27 |
China's ban on poultry imports from two U.S. states, aimed at preventing a deadly epidemic, is unlikely to be mired in the politics of Beijing's bid to join the World Trade Organisation, a U.S. official said on Tuesday.
"They (Chinese authorities) are very sensitive to any sort of disease profile," Phillip Holloway, re... | 27 |
Talks aimed at averting a Chinese ban on imports of United States poultry have been hailed as a success by U.S. officials, who said on Friday they expected the issue to vanish without any disruption to a major market.
A Chinese ban on imports of poultry and poultry products from 10 U.S. states, worth nearly US$500 mill... | 27 |
China's ban on poultry imports from two U.S. states aimed at preventing a deadly epidemic, is unlikely to be mired in the politics of Beijing's bid to join the World Trade Organisation, a U.S. official said on Tuesday.
"They (Chinese authorities) are very sensitive to any sort of disease profile," Phillip Holloway, rep... | 27 |
Genetically-altered soybeans at the centre of an international environmental furore are causing little concern in China, a major soybean importer with its own bio-engineering programmes, industry sources said on Wednesday.
"China is a very public and vocal supporter of our technology," said a source at Monsanto Co, the... | 27 |
Canadian and Australian sales of malting barley to China could be limited by weather woes and disease concerns, which are cutting the amount of quality grain available for export this year, industry sources said on Monday.
Canada was hit by early snow that damaged the barley crop and would keep sales to China of the hi... | 27 |
While China's leaders peppered 1996 with assurances they can attain their Holy Grail of feeding a fifth of the global population on a tiny patch of its arable land, outside China the calls for a reality check grow louder.
Grain and oilseed production is increasing, but the economics of China's agricultural sector remai... | 27 |
New evidence about British Biotech Plc's anti-cancer treatment Marimastat next week will provide important clues about its potential as a blockbuster product, analysts said on Friday.
British Biotech is using a meeting of the European Society of Medical Oncologists (ESMO) in Vienna to make five presentations, including... | 19 |
Chemicals group Courtaulds Plc is targeting sales growth of at least 10 percent a year up to the end of the century at its key coatings business as it reaps the fruits of a major modernisation drive and Far Eastern expansion.
Speaking to journalists at a recent presentation, Courtaulds European Coatings finance directo... | 19 |
Zeneca Group Plc said on Wednesday that it expected "substantial" peak sales in excess of $400 million for its new asthma treatment Accolate and schizophrenia drug Seroquel.
In an interview with Reuters, chief executive David Barnes said: "Our benchmark for a substantial product is one that has sales of $400 million pl... | 19 |
Shares in British-based drugs group Medeva Plc raced ahead on Thursday following encouraging results from tests of a potential new vaccine and treatment for hepatitis B.
Shares in Medeva, which have climbed steadily this week on the expectation of good news, jumped almost six percent to 296 pence before easing to 289-1... | 19 |
Biotechnology star British Biotech Plc published fresh evidence on Monday that its cancer drug Marimastat worked, but analysts said there was still a long way to go before its potential could be confirmed.
British Biotech's shares ended the day 19 pence lower at 210 after its keenly-awaited announcement appeared to pro... | 19 |
Ethical Holdings Plc, the UK-based drug delivery company listed on the U.S. Nasdaq index, said on Wednesday it expected research and development spending to continue to rise sharply as it targets the key U.S. market. The company said earlier that a 32 percent rise in R&D spending to 10.4 million stg helped to push ... | 19 |
British building materials group Blue Circle Industries Plc produced tentative signs of a turnaround at its troubled European heating operations on Tuesday, and promised a ten-fold increase in heating profits over the next three years.
The company also launched a blistering attack on the government, blaming "disgracefu... | 19 |
Expertise ranging from crisp packet design to nuclear waste and the destruction of chemical weapons was put up for sale Monday as the UK government embarked on what may be its last privatisation venture, the sale of AEA Technology Plc.
Trade and industry secretary Ian Lang will be hoping to swell Treasury coffers by ar... | 19 |
British household products group Reckitt & Colman Plc pleased shareholders on Tuesday with a 152 million pound ($242 million) handout.
The group, known for brands ranging from Mr Sheen polish to Dettol disinfectant, announced a special Foreign Income Dividend (FID) of 35.65 pence per share, combined with plans to t... | 19 |
Health and industrial gases specialist BOC Group Plc said on Tuesday that its troubled healthcare business is likely to turn in a flat performance in the current year to Sept 1997 before recovering.
In a telephone interview with Reuters following publication of the group's best-ever full-year profit figures, chief exec... | 19 |
Milumil babymilk powder, used by around 25,000 mothers in Britain and Ireland, was withdrawn from from stores and clinics on Friday after a scare over Salmonella poisoning.
Milupa, part of the Dutch specialist food producer Nutricia NV, said it was withdrawing its Milumil milk powder in Britain because of an unconfirme... | 19 |
SkyePharma Plc, one of Britain's most unusual and fastest-growing drugs companies, said on Thursday 1998 would be "the magic year" for proving to investors that its unique growth strategy was paying off.
SkyePharma chairman and chief executive officer Ian Gowrie-Smith, the Australian entrepreneur behind the creation of... | 19 |
British chemicals group Albright & Wilson Plc said on Monday that a keenly-awaited drop in raw materials prices had failed to emerge.
In an interview with Reuters, Albright & Wilson chief executive Robin Paul said although costs had stabilised after sharp gains last year "there has still been a small net increa... | 19 |
British health and industrial gases giant BOC Group Plc reported its best-ever set of full-year profits on Tuesday, dispelling some of the gloom which has settled over its share price in recent months.
BOC, one of the world's biggest suppliers of specialist gases, saw profits surge 11 percent to 444.9 million pounds ($... | 19 |
British Biotech Plc published further evidence on Monday that its cancer drug Marimastat worked, but analysts said there was still a long way to go before its potential as a blockbuster product can be confirmed.
Shares in the company slipped back after its keenly-awaited announcement appeared to provide comfort for bot... | 19 |
British building materials group Blue Circle Industries Plc produced the first tentative signs of a turnaround at its troubled European heating operations on Tuesday and set out ambitious plans for a ten-fold increase in operating profits at the division over the next three years.
The recovery in the heating sector, to... | 19 |
Shares in perennial bid favourite Zeneca Group Plc spiralled higher once more on Thursday, but analysts said it was on the thinnest of pretexts.
The stock touched a new record of 17.25 pounds during the morning session, with the rise once more triggered by speculation about the intentions of Swiss drugs giant Roche Hol... | 19 |
A bullish Zeneca Group Plc set out its declaration of independence on Wednesday, predicting years of strong profit growth on the back of robust sales of new drugs and agro-chemicals.
Chief executive David Barnes, in his last interview before the group announces 1996 results on March 11, told Reuters he was confident Ze... | 19 |
A revolution in the treatment of HIV and AIDS is proving a godsend not just for patients but for drug companies which have poured millions of pounds into fighting the epidemic.
Cocktails of new and old drugs are resulting in dramatic improvements in both quality of life and life expectancy, with some patient groups for... | 19 |
Home decorating giants ICI Paints and Black & Decker hope their new product to be launched on Wednesday won't make a splash.
The two companies have invested two years and millions of pounds in developing the Black & Decker Paintmate, a battery-operated roller system they claim will take the pain out of painting... | 19 |
Expertise ranging from snack packaging design to nuclear waste disposal and the destruction of chemical weapons was put up for sale Monday as the UK government embarked on what may be its last privatisation venture, the sale of AEA Technology Plc.
Trade and industry secretary Ian Lang will be hoping to swell Treasury c... | 19 |
Shareholders in tiny British healthcare group Enviromed Plc staged a bloodless coup on Friday, toppling the embattled company's board.
The gentlemanly storming of the barricades around Enviromed's Knightsbridge headquarters was led by Ron Zwanziger, chief executive officer of Enviromed's biggest shareholder, U.S. compa... | 19 |
Daewoo Cars Ltd, the British motoring arm of Korean conglomerate Daewoo Corp, is considering transferring its unique UK marketing strategy to new markets.
In an interview with Reuters at this week's British International Motor Show in Birmingham, Daewoo UK Ltd managing director Tong Won Rhie said: "We are now reviewing... | 19 |
Rumours Swiss drugs group Roche Holding has designs on Anglo-American group SmithKline Beecham Plc need to be treated with intense caution, analysts said on Wednesday.
Shares in SmithKline Beecham Plc rose sharply in late trading, closing up 30 1/2 pence at 788, while in Zurich shares in Roche dropped 140 Swiss francs ... | 19 |
New evidence about British Biotech Plc's anti-cancer treatment Marimastat next week will provide important clues about its potential as a blockbuster product, analysts said on Friday.
British Biotech is using a meeting of the European Society of Medical Oncologists (ESMO) in Vienna to make five presentations, including... | 19 |
Healthcare group Smith & Nephew Plc reassured analysts on Monday that it was set to report a solid performance for 1996, despite continuing tough market conditions and the impact of a strong pound.
The company, which is due to announce full-year results on March 4, told an analysts' meeting that little had changed ... | 19 |
Austin Reed Group Plc supplier of pinstriped suits to generations of British businessmen, said on Wednesday that a return to favour with women executives helped to boost its first-half profits and sales.
The group, which has around 50 stores in the UK and sells its classic-cut styles in Europe, Japan and the U.S., saw ... | 19 |
Shares in Britain's pharmaceutical industry were sharply higher across the board on Thursday, bouyed by sterling's weakness, continued takeover speculation, positive broker comment and upbeat news from Medeva Plc.
Shares in the "big three" of Glaxo Wellcome Plc, SmithKline Beecham Plc and Zeneca Group all rose.
Glaxo W... | 19 |
Dominion Resources Inc. ended a day of speculation Wednesday by declaring it might bid for British regional utility East Midlands Electricity Plc in a deal that could be worth about $2 billion.
The bid would mark the lastest in a a line of U.S. utilities companies seeking to buy into the privatised British power supply... | 19 |
Britain's chemical industry faces a period of steady growth in 1997, helped by improvements in European economic prospects and lower stock levels, the industry's trade body said.
In an interview with Reuters, Chemical Industries Association (CIA) director-general Elliot Finer said that after an erratic performance over... | 19 |
Drug group Rhone-Poulenc Rorer Inc said on Wednesday it was still keen to forge a cancer drug partnership in the U.S. as part of its goal of becoming a major oncology player over the next five years.
Setting out the U.S.-based group's growth strategy, RPR President Tim Rothwell said the company "aims to be in the top f... | 19 |
Dominion Resources Inc of the United States ended a day of rampant speculation on Wednesday by declaring it was interested in bidding for British power supply company East Midlands Electricity Plc.
But the U.S. group, which owns power generator and distributor Virginia Power, made clear it would walk away from making a... | 19 |
General Motors Corp's decision to invest 300 million stg in its U.K. operations reflected confidence in its Vauxhall Motors unit and international prospects for the Astra model, Vauxhall said on Tuesday.
Vauxhall said the three-year investment will be used to modernise its Ellesmere Port plant in north-west England, wh... | 19 |
British Petroleum Co Plc (BP) extolled the virtues of "self help" on Tuesday as it reported its best-ever third quarter earnings despite pressure on profit margins in some key businesses.
Third-quarter net earnings jumped by 22 percent to 650 million pounds ($1.07 billion), towards the top end of forecasts, while in th... | 19 |
Yorkshire-based chemicals group Allied Colloids Plc said on Tuesday that its strategy of growing organically remained unchanged, despite the $390 million acquisition of CPS Chemical Co Inc of the U.S.
Chief executive David Farrar said Allied Colloids "has not been acquisitive" by tradition.
"We saw this as an opportuni... | 19 |
Supermarket group Budgens Plc said on Monday that it expected to open 10 new wholly-owned stores in 1997, as well as continuing to build up its presence on petrol station forecourts.
In a telephone interview with Reuters after the company announced an 18 percent rise in first-half pretax profit to 5.04 million stg, chi... | 19 |
Shareholders in tiny British healthcare group Enviromed Plc staged a bloodless coup on Friday, toppling the embattled company's board.
The gentlemanly storming of the barricades around Enviromed's Knightsbridge headquarters was led by Ron Zwanziger, chief executive officer of Enviromed's biggest shareholder, U.S. compa... | 19 |
U.S. power utility Dominion Resources Inc will have to reconsider the price it is prepared to pay for East Midlands Electricity Plc if it is realistic about acquiring it, analysts said on Thursday.
On Wednesday Dominion's interest in East Midlands was flushed out by U.K. stock exchange regulators after East Midland's s... | 19 |
Biotechnology company Celltech Group Plc said late on Tuesday that it expected to post a pre-tax loss of around 10 million stg in the year to September 1997 before moving firmly into profit.
Finance director Peter Allen said in an interview with Reuters that a further 10 million stg receipt next December from the 1996 ... | 19 |
General Motor Corp's decision to invest 300 million pounds ($474.9 million) in Vauxhall Motors reflected confidence in its British operation and the international prospects for its Astra model, Vauxhall said on Tuesday.
The company said the three-year investment would be used to modernise its Ellesmere Port plant in no... | 19 |
International specialty chemicals group BTP Plc said on Wednesday it expected profit margins at its key adhesive and textile coatings business to recover fully over the next 18 months.
Raw material price rises and intense competition pushed margins as low as three percent in the year to March. Divisional operating prof... | 19 |
Zeneca Group Plc set the scene for record profits on Tuesday, telling investors that its 1996 performance was expected to be in line with market expectations.
Analysts are forecasting a leap in pre-tax profit for the year to around 1.0 billion pounds ($1.62 billion) from 619 million pounds in 1995 when Zeneca unveils r... | 19 |
Two very different Cambridge biotechnology companies set out their plans to join the stock market on Monday.
Cambridge Antibody Technology Group Plc (CAT), which uses human antibodies to discover new drugs, and the Bioscience Innovation Centre, which aims to "incubate" new biotech businesses, both hope to raise million... | 19 |
Investors in the fast-growing British biotechnology sector can look forward to another roller-coaster ride in 1997, with serious profits still there to be made by investors who pick their stocks carefully.
Although sharp falls in the value of the sector since its peak last May have underlined the riskiness of biotechs ... | 19 |
British Biotech Plc published further evidence on Monday that its cancer drug Marimastat works, but analysts said there was still a long way to go before its potential as a blockbuster can be confirmed.
British Biotech's shares ended the day 19 pence lower at 210 after its keenly-awaited announcement appeared to provid... | 19 |
British Petroleum Co Plc (BP) extolled the virtues of "self help" on Tuesday as it reported its best-ever third quarter earnings despite pressure on profit margins in some key businesses.
Third-quarter net earnings jumped by 22 percent to 650 million pounds ($1.07 billion), towards the top end of forecasts, while in th... | 19 |
Britain's Imperial Tobacco Group Plc took advantage of its new-found independence on Tuesday to buy the world's biggest maker of handrolling tobacco papers.
Imperial, which was demerged from conglomerate Hanson Plc last October, said it was paying 168 million pounds ($272.7 million) for Netherlands-based Rizla Internat... | 19 |
Drug discovery specialist Chiroscience Group plc said on Monday it is testing two anti-cancer compounds before deciding which will go forward into human trials before the end of the year.
Both are MMP inhibitors, the same novel class of drug as British Biotech Plc's potential blockbuster Marimastat, which are believed ... | 19 |
British Biotech Plc said on Wednesday that a rethink on the way drug giants form alliances with fledgling biotechs was "desperately required".
British Biotech chief executive Keith McCullagh told the IIR's Pharma Summit conference that many product partnerships failed because small drug discoverers were forced to relin... | 19 |
Milumil babymilk powder, used by around 25,000 mothers in Britain and Ireland, was withdrawn from British stores and clinics on Friday after a scare over Salmonella poisoning.
Milupa, part of the Dutch specialist food producer Nutricia NV, said it was withdrawing its Milumil milk powder because of an unconfirmed link w... | 19 |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.