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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.


* 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.


* 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).


* 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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