More About Advertising | Insights into Advertising - Jul 15, 2015
The parallels are eerie. Both companies, Tangent plc and Parity plc are AIM listed, both have single digit share prices, which resolutely refuse to do anything positive, and market capitalisations are �9M and �9.5m respectively.
Lord Richard Layard, an economist at the London School of Economics and member of the Apollo group, said it was barely believable that the world only spent 2% of its R&D money on its “most pressing problem” of climate change and clean energy.
"The new mechanism for determining the central parity of the renminbi announced by the PBC appears a welcome step as it should allow market forces to have a greater role in determining the exchange rate," said the IMF in response to China's move.
IG Group said that it could face a hit of up to �30m after the Swiss franc rocketed to near parity with the euro following the Swiss National Bank's decision to remove its longstanding exchange rate ceiling.
Like the Big Mac index, Deutsche's survey is based on the theory of purchasing-power parity (PPP) that over the long run, currencies should adjust so that a basket of identical goods costs the same everywhere.
"They now trade on 21x PE to cal-16F [before the fall], a 30% premium to the sector, although this could drop to near-parity by cal-17F if a geared UK recovery takes hold," writes Numis analyst Matthew Taylor. "We believe that the share price may pause ...
We were eventually rejected in favour of the Mike Ashley bid but I believe the reason for that was that I wanted board control and Sandy Easdale - even though he's not on the plc board - was effectively controlling the board. And Sandy Easdale would ...