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May 15, 2014
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Where should AstraZeneca shares be trading?

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By Chris Hughes
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Investors are putting a lot of faith in Pfizer succeeding in its $100 billion-plus quest to acquire UK pharmaceuticals rival AstraZeneca. The right price for the target’s share price can be seen as the weighted average of two possible outcomes – a sale to Pfizer or a standalone future. A new Breakingviews calculator shows why the market seems to think a transaction will probably happen.

Apr 3, 2014
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Blythe Masters could chair Glencore

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By Christopher Hughes
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Blythe Masters’ exit from JPMorgan with the sale of its physical commodities business could solve Glencore’s longstanding search for a chairman. The brains behind the credit default swap has the expertise to join the trading house’s board, whose all-male roll makes it an anachronism in the FTSE-100. But there is one big obstacle to her leading this or any board – she has never run a company before.

Apr 3, 2014
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Blythe Masters could chair Glencore

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By Christopher Hughes
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Blythe Masters’ exit from JPMorgan with the sale of its physical commodities business could solve Glencore’s longstanding search for a chairman. The brains behind the credit default swap has the expertise to join the trading house’s board, whose all-male roll makes it an anachronism in the FTSE-100. But there is one big obstacle to her leading this or any board – she has never run a company before.

Jan 24, 2014
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The “R” word becomes taboo for global elite

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By Chris Hughes and Rob Cox

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Spare a thought for the business and financial elite as they slide along the icy byways of the World Economic Forum in Davos. Life is undeniably picking up for them and it would be nice to say so. But the economic recovery has its winners and losers, and it looks bad to be a beneficiary at a conference whose overarching theme is “inclusive growth.”

Jan 2, 2014
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Recovery will only increase inequality

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By Christopher Hughes and Edward Hadas

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

A normalising world will not be a harmonious world. The massive fiscal and monetary stimulus that is helping revive GDP growth in developed economies favours the privileged directly, and trickles down only slowly to the middle classes, the poor and the unemployed. That tension will worsen.

Oct 22, 2013
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At last, central bank candour on property bubbles

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By Chris Hughes

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

At last, central bankers are speaking plainly on property bubbles. The Bundesbank said on Oct. 21 that apartment prices in some German cities could be 20 pct overvalued. Policymakers usually avoid such strident views on asset prices, especially housing, saying that values are not their problem per se; what counts is whether markets are fuelled by excessive borrowing. It would be better if central banks just said exactly what they thought.

Sep 27, 2013

How to respond to rising London house prices

(The authors are Reuters Breakingviews columnists. The opinions
expressed are their own.)

By Edward Hadas and Chris Hughes

LONDON, Sept 27 (Reuters Breakingviews) – Some day, London
will be like it was only a few years ago, when its homes were
not unaffordable for all but the most wealthy. While waiting,
policymakers should try to mitigate the damage that global easy
money has done to this privileged corner of the world.

Sep 13, 2013
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UK house prices needs less rigging – not more

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By Chris Hughes

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Britain’s professional home valuers are rightly worried about bubbly residential property prices. Their suggested policy response is ingenious – a requirement that the Bank of England curbs mortgage lending when annual house-price growth exceeds 5 percent. Such a counter-cyclical approach is a good idea, but setting a trigger for intervention is just as misplaced as the government schemes that are currently inflating the market.

Aug 29, 2013
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Vodafone needs to deliver on Verizon exit

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By Chris Hughes
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

 

If Vittorio Colao could achieve only one thing as chief executive of Vodafone, he might wish to sort out the UK telecoms group’s messy American mobile venture with U.S. peer Verizon. Vodafone has now confirmed it is in talks to sell its 45 percent stake in Verizon Wireless to its partner. A good deal here would represent a tremendous outcome for Colao.

Aug 9, 2013
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Carlos Slim offers escape route to KPN investors

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By Chris Hughes

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Carlos Slim has offered an escape route to KPN investors. The Mexican tycoon’s America Movil says it intends to make a 7.2 billion euro offer for the 70 percent of the Dutch telecoms group it doesn’t already own. It’s the start of a saga that could end in a substantially higher offer. But investors should be realistic – that’s a big “could”.

    • About Chris

      "Chris Hughes is EMEA Editor of Reuters Breakingviews. Chris started his career as a researcher in BBC Television’s documentaries department and then became a financial journalist. He was previously Investment Banking Correspondent and Senior Corporate Reporter at the Financial Times, Financial Editor of The Independent and a companies writer at the Investors Chronicle. Chris has also worked at communications consultancy Financial Dynamics (now FTI), as an Associate Partner."
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