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Wednesday Papers: Genzyme chief signals departure - tips, comment and bids

Financial Times

* Genzyme’s chief executive, Henri Termeer, could step down next summer and ease a takeover of the biotechnology business by Sanofi-Aventis of France.

The Lex Column

* Tablet unlikely to solve RIM malaise - The BlackBerry maker needs to convince shareholders it has a clear strategy.

* Rare earths - China has a dominant grip on the market for coveted metallic elements.

* Michelin - Deeply discounted rights issue punctures share price.

* Man Group - The world’s biggest listed hedge fund group faces a tough second half.

* Brazilian asset management - Biggest groups scramble to get in on the game.

Lombard

* Mail’s money man earns access to higher places - No catastrophe at Lloyd’s - Lehman’s lost lots.

Global Insight

* Germany’s defence of euro has its limits - Leaving eurozone without a safety net would be risky.

Other Comment

* Currencies clash in new age of beggar-my-neighbour - When America and China tussle, bystanders are likely to be trampled.

* Sarkozy sees trouble over the Seine - The deterioration of the president’s image cannot continue without consequences.

* The job of business secretary is to put the future first - His task is not to reward grandees with favours but to encourage a new generation.

The Daily Telegraph

Questor share tip

* Buy Unilever at £18.35 +19p; buy Thomas Cook at 171.7p -11.6.

Comment

* Flint has to reunite HSBC’s board as well as fix relations with shareholders.

* AOL merger was 'the biggest mistake in corporate history', believes Time Warner chief Jeff Bewkes.

The Guardian

Viewpoint Column

* Thomas Cook profit warning is latest unpleasant surprise for investors.

* Adam Posen is posing the Bank of England a tricky question.

* Unilever needs to come clean on cost of acquiring Alberto Culver.

Other Comment

* Forget about Ed's redness. The economy is the only game in town.

* The Bank of England is keeping interest rates low to encourage consumer spending – but will this really save the UK economy?



The Independent

Investment Column

* Buy Centrica at 328p (+0.6); sell Man Group at 214.1p (-5.2p); buy Qinetiq at 109.4p (-2.8p).

Comment

* The currency war that no one really wants to talk about.

* Mixed signals from retail, but not for long.

* Damned if they do, and damned if they don't.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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