Teva Pharm nudges up earnings forecast, names new CFO

JERUSALEM (Reuters) – Teva Pharmaceutical Industries (TEVA.TA) nudged up its full-year earnings guidance on Thursday, after reporting a drop in third-quarter profit that broadly met expectations. The world’s largest generic drugmaker earned 58 cents per diluted share excluding one-time items in the July-September period, down from 68 cents a year earlier. It cited higher tax expenses and lower operating profit, […]

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Wexit? Wales could opt for independence if Westminster does not redeem itself

In 2013 Plaid Cymru, the Welsh nationalist party said:  “Could Wales flourish as an independent nation? We think that Wales can. We have recently celebrated the first 10 years of devolution – but we believe that the next ten years will be the real decade of change. Wales and her people are ready and willing to ask the difficult questions […]

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Pound euro exchange rate: GBP/EUR steady as opposition MPs rally

Cross-party rebel and opposition MPs have just four days to pass legislation designed to block a no-deal Brexit before parliament breaks for party conference season next week. While investors have become increasingly jittery, Labour leader Jeremy Corbyn presented an optimistic front: “Labour wants to prevent a no-deal Brexit, and to have a general election.  “I am confident we can have both, […]

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Capital growth: One in 10 Londoners own crypto – and most of them are ‘risk takers’

Alarmingly, the research also found that 56 percent of crypto holders admit to being risk-takers and basing decisions on “gut feeling”, enjoy gambling, and are 41 percent more likely to have taken out a short-term loan. Interestingly, while most crypto owners are men, a fifth of cryptocurrency owners are female – a much higher number than expected. Jason Mander, the chief research officer at GlobalWebIndex, said: […]

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Pound euro exchange rate: GBP/EUR rises as Eurozone’s manufacturing sector suffers in July

Chris Williamson, a Chief Business Economist at IHS Markit, commented: “The manufacturing sector has become an increasing cause for concern. Geopolitical worries, Brexit, growing trade frictions and the deteriorating performance of the autos sector in particular has pushed manufacturing into a deeper downturn.” Today saw the flash German Markit Manufacturing PMI figures for June, which slipped further into contraction territory from […]

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Pound US dollar exchange rate: GBP/USD eases as Boris Johnson expected to become PM

Brexiter Boris Johnson is a strong favourite to succeed Prime Minister Theresa May, and confirmation of his victory could increase no-deal Brexit fears. Former Health Minister and Tory rebel Philip Lee said: “It is going to be really challenging for him to govern. I don’t see how he has got a majority to govern. It’s a very, very fragile situation with […]

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Pound US dollar exchange rate: GBP/USD fluctuates, markets brace for Fed speech

However, gains were latter tempered by a slightly better-than-forecast US PPI report.  Overnight Chinese growth figures hit their worst levels in 27 years, but the US dollar failed to benefit from its safe-haven status as Chinese retail sales, industrial production and fixed asset investments beat forecasts. The pound, meanwhile, has remained subdued against many of its competitors following the publication […]

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