Government Bonds Correspondent
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May 7, 2014

Cameron tells Pfizer wants more commitments for AstraZeneca deal

LONDON (Reuters) – Prime Minister David Cameron demanded U.S. drugmaker Pfizer give stronger guarantees it will keep jobs and investment in Britain in order to secure his government’s blessing for a takeover of AstraZeneca.

By proposing the biggest ever foreign takeover of a British firm, New York-based Pfizer has sparked fierce debate on whether the government should let outsiders buy a pharmaceuticals group seen as a national champion in a strategically vital industry.

May 7, 2014

British PM tells Pfizer wants more commitments for AstraZeneca deal

LONDON (Reuters) – Prime Minister David Cameron demanded U.S. drugmaker Pfizer (PFE.N: Quote, Profile, Research, Stock Buzz) give stronger guarantees it will keep jobs and investment in Britain in order to secure his government’s blessing for a takeover of AstraZeneca (AZN.L: Quote, Profile, Research, Stock Buzz).

By proposing the biggest ever foreign takeover of a British firm, New York-based Pfizer has sparked fierce debate on whether the government should let outsiders buy a pharmaceuticals group seen as a national champion in a strategically vital industry.

Apr 29, 2014

UK minister says no regrets, no apologies for Royal Mail sale

LONDON, April 29 (Reuters) – British ministers in charge of
the privatisation of Royal Mail said on Tuesday they had
no apologies to make over criticism that it was sold off too
cheaply, but said they may look at different ways to sell off
public assets in future.

The government sold 60 percent of the postal firm last
October at 330 pence per share, ending 500 years of state
control and raising 2 billion pounds ($3.36 billion) for the
public purse.

Apr 28, 2014

UK regulator says will not investigate Royal Mail sell-off

LONDON, April 28 (Reuters) – Britain’s financial regulator
will not investigate the government’s sale of Royal Mail
, it said on Monday, rejecting calls from lawmakers who
said a sharp rise in the firm’s share price should have set
alarm bells ringing.

Last October, Britain sold 60 percent of the postal firm at
330 pence per share, ending 500 years of state control and
raising 2 billion pounds ($3.36 billion) for the public purse.

Apr 25, 2014

AstraZeneca bid talk ‘a commercial matter’ – Osborne

CAMBRIDGE, England (Reuters) – Talk of a $100 billion bid by U.S. drugmaker Pfizer (PFE.N: Quote, Profile, Research) for its British rival AstraZeneca (AZN.L: Quote, Profile, Research) is “a commercial matter between the companies”, Britain’s chancellor George Osborne said on Friday.

Shares in Britain’s second biggest drugs group hit record highs this week on the bid speculation. Both companies have declined to comment on a weekend newspaper report that AstraZeneca spurned an approach from Pfizer earlier this year.

Apr 25, 2014

AstraZeneca bid talk ‘a commercial matter’: UK finance minister

CAMBRIDGE, England (Reuters) – Talk of a $100 billion bid by U.S. drugmaker Pfizer (PFE.N: Quote, Profile, Research, Stock Buzz) for its British rival AstraZeneca (AZN.L: Quote, Profile, Research, Stock Buzz) is “a commercial matter between the companies”, Britain’s finance minister George Osborne said on Friday.

Shares in Britain’s second biggest drugs group hit record highs this week on the bid speculation. Both companies have declined to comment on a weekend newspaper report that AstraZeneca spurned an approach from Pfizer earlier this year.

Apr 24, 2014

Britain’s Conservatives to end onshore wind farm subsidies

LONDON (Reuters)2 – British Prime Minister David Cameron’s Conservative party pledged to end government subsidies for onshore wind farms if it wins a national election next year, increasing uncertainty for investors in renewable energy.

Michael Fallon, a Conservative energy minister, said that onshore wind still had a role to play in helping Britain meet its energy needs and renewable energy targets but that the industry no longer required government subsidies.

Apr 24, 2014

Conservative party pledges to end wind farm subsidies

LONDON (Reuters) – Prime Minister David Cameron’s Conservative party on Thursday pledged to end government subsidies for onshore wind farms if it wins a national election next year, saying many voters did not want any more of them.

Conservative energy minister Michael Fallon said that onshore wind still had a role to play in helping Britain meet its energy needs and renewable energy targets, but that the industry no longer required government subsidies.

Apr 24, 2014

Britain’s Conservative party pledges to end wind farm subsidies

LONDON, April 24 (Reuters) – British Prime Minister David
Cameron’s Conservative party on Thursday pledged to end
government subsidies for onshore wind farms if it wins a
national election next year, saying many voters did not want any
more of them.

Michael Fallon, a Conservative energy minister, said that
onshore wind still had a role to play in helping Britain meet
its energy needs and renewable energy targets, but that the
industry no longer required government subsidies.

Apr 23, 2014

UK says breakaway Scotland would struggle to pay welfare bill

LONDON (Reuters) – Scotland will feel the strain of a rising welfare bill that could put vulnerable social groups at risk if voters choose to break away from Britain later this year, a British government study said on Thursday.

Ahead of a September 18 independence referendum, the British government’s campaign to keep a 307-year union with Scotland intact is battling to hold on to a shrinking poll lead over nationalists, who say that a split would give Scotland the freedom to create a fairer and more prosperous nation.