August 14, 2013 The global prestige beauty market experienced mixed results in the first half of 2013 but the U.S. prestige beauty market posted an 8% gain during the first six months of the year, according to the NPD Group. July 29, 2013 Reckitt Benckiser will be launching a product for nighttime cold and flu relief in both liquid and tablet form, the company’s CEO told investors Monday morning. July 23, 2013 Skin care brand Indeed Laboratories is bringing its nanoblur and snoxin skin care products to the U.S. market, through distributor Boots USA, with exclusive availability at Walgreens and Duane Reade stores. July 22, 2013 Mark Hill Salon Professional products, created by hairstylist Mark Hill, is launching nationwide at Walgreens and Duane Reade this month. July 12, 2013 For those suffering from heart or lung disease, cancer, systemic infections or other all-too-common conditions, the science of medicine has made extraordinary advances over the past few decades. July 9, 2013 General Mills executives shared the company’s new product innovation plans during General Mills’ annual investor meeting at the New York Stock Exchange. June 26, 2013 Teva Pharmaceutical Industries and Mylan have launched generic versions of Pfizer’s Viagra in nearly a dozen European countries, the two companies said. June 21, 2013 A study published on bmj.com this week found that taking iron daily during pregnancy is associated with a significant increase in birth weight and a reduction in risk of low birth weight. June 12, 2013 Workers for Iran’s airline and embassy in Japan will have to go somewhere else for their big packages of paper towels. June 7, 2013 Rare diseases burden patients, caregivers For those suffering from heart or lung disease, cancer, systemic infections or other all-too-common conditions, the science of medicine has made extraordinary advances over the past few decades.
– Despite significant progress in reducing public sector net borrowing (PSNB from a peak of 11.2% of GDP (GBP159bn) in 2009-10, the budget deficit remains 7.4% of GDP (excluding the effect of the transfer of Royal Mail pensions) and is not expected to fall below 6% of GDP and GBP100bn until the end of the current parliament term. The slower pace of deficit reduction means that the next government will be required to implement substantial spending reductions (and/or tax increases) if public debt is to be stabilised and reduced over the medium term. The Stable Outlook on the UK’s sovereign ratings reflects the following factors. – Under Fitch’s baseline economic and fiscal scenario, which assumes a continued policy commitment to reducing the underlying budget deficit and medium-term annual growth potential of 2%-2.25%, government debt gradually falls as a share of national income in the latter half of the decade. – The long average maturity of public debt (15 years) – the longest of any high-grade sovereign -exclusively denominated in local currency and low interest service burden implies a higher level of debt tolerance than many high-grade peers. – The international reserve currency status of sterling and the ability and willingness of the Bank of England to intervene in the UK government debt market largely eliminates the risk of a self-fulfilling fiscal financing crisis. – The gradual improvement in the UK banking sector’s capital and liquidity position has further reduced contingent liabilities arising from this sector. The UK’s ‘AA+’ rating is underpinned by its high-income, diversified and flexible economy as well as a high degree of political and social stability. The monetary policy framework as well as sterling’s international reserve currency status afford the UK a high degree of financial and economic policy flexibility. Strong civil and policy institutions and a high degree of transparency enhance the predictability of the business and economic policy environment that compares favourably with peers in the ‘AA’ category. Weak economic performance and growth prospects, relatively high levels of private and foreign as well as public debt, along with sizeable twin fiscal and current account deficits, are weaknesses relative to rating peers. RATING SENSITIVITIES The Stable Outlook indicates a less than 50% chance of a change in the UK sovereign ratings over the next two years. The main factors that could lead to a negative rating action, individually or collectively, are: – Failure to stabilise the government debt to GDP ratio over the medium term. – Increased threat to macro-financial stability, for example arising from an intensification of the eurozone crisis or an erosion of confidence in the UK’s policy commitment to price stability. The main factors that could lead to a positive rating action, individually or collectively, are: – Stronger economic recovery and rebalancing of the UK economy than currently forecast.
business, selling off the 199-store chain and taking a $3.5 billion write-down. March 29, 2013 Report: Tesco exploring options for Fresh & Easy New York — British grocery giant Tesco is moving closer to selling off its U.S. Fresh & Easy division, with Tesco CEO Philip Clarke traveling to the United States next week to try and strike a deal, according to a report in the British newspaper, The Telegraph. Tesco has held discussions with Trader Joes and others about selling Fresh & Easy, but a break-up of the business is considered the most likely option, the report said. Other options include closing the business and selling off assets. March 26, 2013 7-Eleven will rebrand convenience stores in Ohios Cuyahoga and Lorain counties as part of a 19-store lease from Allentown, Pa.-based Lehigh Gas Partners LP. March 22, 2013 Report: Tesco uncertain of commitment to Fresh & Easy In another sign that British retail giant Tesco is reconsidering its U.S. Fresh & Easy division, the company sent an email sent to shoppers in which it acknowledged that the grocer doesn’t know “if Tesco will continue to own the company,” the Los Angeles Times reported. March 15, 2013 Safeway Inc. said that Bruce Everette, 61, is retiring as EVP retail operations after a 44-year career at Safeway. March 1, 2013 Marks & Spencer to unveil green lease policy for stores Marks & Spencer, one of the leading retailers in the United Kingdom, is set to unveil a new property lease policy under which all new M&S stores will have green clauses as standard enabling landlords and tenants to better manage a building’s environmental performance. January 31, 2013 John Lewis department stores said Thursday it has appointed Mark Lewis as online director for the chain, effective March 4.