'Female Viagra' maker Sprout to be sold to Valeant for $1bn
The deal with Sprout Pharmaceuticals was announced a day after the Food and Drug Administration approved first female sexual dysfunction drug Addyi Valeant Pharmaceuticals will pay about $1bn to buy Sprout Pharmaceuticals, the maker of the first prescription drug intended to boost sexual desire in women. The deal announced on Thursday comes a day after […]
Tesco promises to use only British milk in its own-brand yoghurt
Pledge from Britain’s biggest retailer follows meeting with farming leaders over treatment of domestic suppliers Tesco has agreed to use more British milk in its dairy products in another victory for farmers in their battle with supermarkets over treatment of suppliers. Britain’s biggest retailer has bowed to pressure and pledged that all its own-brand yoghurt […]
UK economic slowdown? Don't panic
Fears of a rapid tailing off in retail spending look premature, especially given near-zero inflation, falling oil prices and booming car sales It would be easy to assume from the latest retail sales figures that the UK economy is slowing down fast. After all, the amount of goods bought on high streets, in shopping centres, […]
Rebuilding New Orleans into America’s finest water city
Ten years after Hurricanes Katrina and Rita, engineers, urban designers, landscape architects and city planners are reimagining the city to create sustainable growth in jobs and investment In 2005, Hurricanes Katrina and Rita flooded coastal areas of the US Gulf Coast. Katrina alone flooded up to 80% of New Orleans. Tragically, a total of around […]
Stock market falls: four factors stoking global economic fears
Markets are on edge, gripped by growing concern over the Chinese economy and a potential US rate rise, plus the slump in emerging markets and the oil price China’s continued growth helped limit the impact of the global recession of 2009 but now fears are increasing that the world’s second-biggest economy could cause the next […]
Shop sales rebound in July but petrol and groceries struggle
Consumers splash out on summer clothing and barbecues, although price cuts in supermarkets help dampen the overall value of retail sales A burst of summer spending spurred a rebound in shop sales across the country during July, but petrol and groceries continued to drag, according to official figures. Shoppers rejuvenated their wardrobes and dusted off […]
Fifty Shades of Grey sequel and adult colouring books boost WH Smith profits
Retailer beat expectations of £121m thanks to popular book releases but analysts say its underlying high street sales are likely to have fallen 4% An eclectic mix of sex, literary fervour and colouring by numbers helped WH Smith’s high street stores outperform expectations over the past three months. The retailer said its annual profits would […]
Boomers on the coast, Gen X in the suburbs. This is where Australians live | Greg Jericho
The stereotypes about greying seachangers and inner city singles still hold true. Look at the data state by state, though, and things are different The Australian Bureau of Statistics’ latest breakdown of Australia’s population shows that the stereotypes hold true. Baby boomers still dominate the coastal seachange towns; the inner city is still flooded with […]
Qantas to buy eight Boeing Dreamliners after posting profit of $557m
Airline to return $505m to shareholders after a $3.3bn turnaround engineered by chief executive Alan Joyce Qantas is to buy eight Boeing planes and will return $505m to its shareholders after a more than $3.3bn turnaround in its bottom line. The Australian airline has posted a net profit of $557m for the year to 30 […]
'The last mile': Toyota sees its future in short-range cars
World’s largest automotive company by revenue wants to rebrand itself as a public transport provider – not merely a vehicle manufacturer Toyota, the world’s largest automotive company by revenue, is redefining its strategy regarding the making and selling of cars, as it prepares for a future in which it believes public transport will play a […]