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Curbs on NHS patients smoking when health workers are visiting

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EDINBURGH: Patients covered under the National Health Service (NHS) in a part of Nottinghamshire are being told to desist from smoking at their homes when the health workers come visiting.

The new rules being introduced by Ashfield and Mansfield Primary Care Trust from the new year are part of a zero tolerance policy towards smoking. The rules prescribe that patients who will not stop smoking will have to approach another venue for treatment.

The Primary Care Trust does not allow patients and staff to smoke in all its building, grounds and community health centres. It says it indeed wants to protect its staff from the hazards of passive smoking. It also plans to ban health workers from smoking in cars when they are on a visit.

Primary Care Trust’s senior public health manager Barbara Brady said tobacco smoke contains over 4,000 chemicals in the form of particles and gases and some of the immediate effects of passive smoking include eye irritation, headache, cough, sore throat, dizziness and nausea.

The proposal had drawn criticism from some quarters. Tory MP Richard Bacon, himself a non-smoker, said people should be allowed to do what they like at their homes.

Simon Clark of pro-smoking group Forest, said the very idea that anybody is at serious risk from smoke by going into someone’s home for a short time is utter nonsense and part of the anti-smoking hysteria. He felt this could be a first step towards a campaign to ban all smoking in the home.

Green tea provides a ray of hope for leukemia patients

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Green tea extract known as epigallocatechin gallate (EGCG) seemed to have improved the condition of four patients having chronic lymphocytic leukaemia (CLL) in the Mayo Clinic in the United States.

In CLL, a blood and bone marrow cancer, white blood cells are affected. This is supposed to be the most common type of leukemia and normally occurs in persons above the age of 60.

The findings published online in Leukemia Research revealed that the patients showed signs of improvement after they took tablets containing EGCG.

At least, three of the four CLL patients showed signs of their cancer abating.

In fact, a Mayo Clinic study earlier found that EGCG kills leukemia cells which were taken from patients having CLL.

Study author and hematologist Dr. Tait Shanafelt said: “The experience of these individuals provides some suggestion that our previously published laboratory findings may actually translate into clinical effects for patients with the disease.”

He, however, said it was too early to draw any conclusions based on these results. He felt more studies needed to be carried out.

He added: “We do not know how many patients were taking similar products and failed to have any benefit. We also do not yet know the optimal dose that should be used, the frequency with which patients should take the medication, and what side effects will be observed with long-term administration.”

U.S. National Cancer Institute is sponsoring this study at Mayo clinic.

There is no cure as of now for this leukemia.

“The findings are interesting, but we cannot say yet this is a new treatment for cancer,” says Ken Campbell, clinical information officer at the Leukaemia Research Fund.

Saudi Arabia to buy Eurofighter aircraft from the U.K.

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LONDON: Britain has signed a memorandum of understanding with Saudi Arabia for the sale of an unspecified number of Eurofighter Typhoon aircraft. The British embassy in Riyadh issued a statement saying, “Under the terms of the signed document, Typhoon aircraft will replace the Tornado Air Defence Variant aircraft and others currently in service by Royal Saudi Armed Forces.”

No other details were given as the embassy said specific details of the arrangement is governed by the “existing confidentiality agreement”.

Sources in Riyadh said the deal covers at least 48 Eurofighter jets with an option to increase the number to 72 later.

The agreement follows high-level talks between visiting British defence minister John Reid and Saudi Arabia’s King Abdullah Wednesday. Reid had talks with the Saudi Arabian defence minister Crown Prince Sultan bin Abdul-Aziz, earlier.

This will be the first order for the aircraft outside Europe. In Europe, Germany, Britain, Italy and Spain are buying 620 Eurofighter planes in three batches. Austria has placed an order 18 jets.

Munich-based Eurofighter GmbH is a consortium formed by British defence company BAE Systems, European aerospace group EADS Co. and Italy’s Finmeccanica SpA. The Saudi deal provides for BAE Systems to transfer technology and invest in Saudi companies, while providing local training to Saudi nationals. The London-based company had provided Tornado planes, parts and airbase management to Saudi Arabia under the Al Yamamah programme since 1985. It employs 4,600 workers in Saudi Arabia, more than half of them Saudi nationals.

Defence deals between Saudi Arabia and Britain date back to the 1960s and are mostly governed by the arms-for-oil principle.

Reid said in an e-mailed message from Riyadh that BAE Systems, as prime contractor, and its many UK sub-contractors will benefit from the work, which will help sustain several thousand U.K. jobs over the next 10 years.

Analysts estimated that the deal could secure 10,000 jobs, which rely directly or indirectly on BAE’s Eurofighter’s Lancashire plant. Another 4,000 Rolls-Royce jobs will also be secured because the jets use its EJ200 engine.

BAE issued a brief statement welcoming the deal and hoping the agreement will be signed in the next few months. It did not put a value to the contract, but analysts said it could be in the range of 6 billion pounds to 20 billion pounds over a 10-year period.

The Al-Yamamah programme had contributed 215 million in profit on sales of 1.3 billion pounds for the company last year.

Mortgage lending rises to highest level in a year

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LONDON: Underlying mortgage lending recorded a 5.1 billion-pound increase in November, the highest in more than a year, according to the British Bankers’ Association, emphasising that housing market is very much on its stabilisation path.

The increase is in line with details outlined in a report by the Royal Institution of Chartered Surveyors, which showed that house prices rose for the first time since July 2004 in the three months to November. It said its members saw the first overall rise in U.K. house prices in 15 months.

It said 4 per cent more members reported a rise than a fall in November. This is based on inquiries from buyers, which has risen for the sixth month in a row. RICS described this as the longest spell of rising inquiries since 2001.

BBA said the increase, highest since July 2004, compared with the growth of 4.3 billion pounds in October and the average 4.4 billion pounds over the last 6 months. The latest lending number too showed stronger mortgage approvals — the number of loans agreed but not yet made — which is an indicator of house prices.

BBA’s director of statistics, David Dooks felt the above average rise in mortgage lending rates is proof enough that the mortgage market was at its lowest in the summer and it is now on an climb-back.

The International Monetary Fund, which came out with data in its annual health check of the British industry, said risk of a sudden adjustment has lessened. IMF had earlier warned of the dangers posed by the static housing market.

The Building Societies Association, which carried out a study on the value of mortgage approvals, said approvals in November had gone up to 4.051 billion pounds compared with 4.148 billion in October. A year-earlier figure stood at 3.055 billion pounds.

The Council of Mortgage Lenders too came out with data saying the gross mortgage lending was 28.45 billion pounds in November, up from 26.99 billion pounds in October. The November figure indicated a 31 per cent increase over the year.

The council’s director-general, Michael Coogan, said the housing and mortgage markets have clearly strengthened from the lows of a year ago.

Earlier, Halifax too said house price inflation had gone up to nearly 5 per cent.

Morgan Stanley buys Lloyd’s Goldfish credit card business

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LONDON: British bank Lloyds TSB Group Plc. is selling its Goldfish credit card business to U.S. financial firm Morgan Stanley Bank International Limited for 1 billion pounds in cash.

Morgan Stanley said it hoped the acquisition will help it to expand its existing credit card business — increasing the number of cards by as much as 47 per cent — to 2.3 million accounts and securing 800 million pounds worth of business through balance transfer to its existing 1.5 billion pounds. The price the U.S. bank is paying constitutes a premium of 175 million pounds to the business unit’s net balances.

Lloyds TSB, Britain’s fifth-largest bank in assets terms, will make a profit before tax of 70 million pounds from the deal. The bank’s head of retail Terri Dial said the bank would want to have a Lloyds TSB-branded credit card.

The bank had acquired Goldfish by buying the 70 per cent stake in did not own from utility major Centrica in 2003 for a premium of 112.5 million pounds to the unit’s net balances. The deal with Morgan Stanley includes transfer of the brand and loyalty program. Dial said a vast majority of Goldfish’s Glasgow-based staff will move to Morgan Stanley.

Morgan Stanley International’s chairman David Walker said the acquisition is consistent with the bank’s strategy of growing its international business by taking opportunities for bolt-on acquisitions. It is also in consonance with its decision to commit resources in the U.K. and Europe.

Firefox is streets ahead of IE on European computers

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LONDON – Mozilla’s Firefox browser is now ahead of the Internet Explorer in terms of usage on European computers. A study by technology company AdTech says that the popularity of the open-source browser has grown by 40 percent over the last six months.

Plus Firefox has managed to increase its market share from 8.96 percent to 12.41 percent in the same six-month period between March and October this year. The main reason for users shunning Microsoft’s Internet Explorer is the dodgy security in the latter. That is not to say that Firefox is not vulnerable to being attacked.

But the fact remains that IE supports the ActiveX controls, which remains the main channel for the entry of malicious codes as well as spyware. Firefox does not support these controls, but it has still made massive improvements in the 1.5 version. The tabbed browsing feature has always been its main attraction to many users and this feature continues to deliver in leaps and bounds in the new version as well.

The main feature that has rendered Firefox relatively safe against hackers has been its open-source origins, which means that programmers have been regularly updating this version as keeping it out of the reach of malware makers. The new version boasts of a better pop-up blocking feature, but initial feelings are that it remains pretty much similar to earlier versions. The “Clear Private Data” command is pretty useful in wiping out all your traces including that of saved passwords and usernames. Firefox scores heavily over Internet Explorer in this category.

The new version also presents two new web-design categories called Canvas and SVG and this makes surfing more interesting. A big plus is the RSS button, which is now displayed on top of the page rather than at the bottom. All said and done, Firefox is at the moment ahead of Internet Explorer in the stakes and this should serve as a wake-up call to the Redmond honchos. A IE 7.0 is in the works and it is a sure thing that all the popular features of Firefox will be taken into consideration before releasing it. Till then happy “tabbed” browsing!

Beatles’ Apple Records sues EMI over unpaid royalties

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LONDON: Apple Records, the legacy of the Beatles group, is suing record company EMI Group for 30 million pounds in unpaid royalties. Apple Records, owned by Sir Paul McCartney, Ringo Starr and the successors of John Lennon and George Harrison, said a recent audit had found that EMI, which owns the copyright of all Beatles music recordings for life, has not fulfilled the terms of a contract.

The two entities were engaged in court cases over royalties previously. In the present case, Apple Records said EMI continued to persist in ignoring its obligations and duty to account fairly and with transparency. “Apple and The Beatles are, once again, left with no choice but to sue EMI.”

Apple Records filed suits Thursday in the High Court of London against EMI and in the Supreme Court in New York against EMI subsidiary Capitol Records.

Apple Records said it had to resort to legal action as negotiations did not succeed. It is seeking payment of royalties for the band’s entire output, dating back to 1962, when the music group signed for EMI’s Parlophone label.

An EMI spokesperson said artists do sometimes request an audit of their record label’s accounts. Sometimes there are differences of opinion, especially when the contracts are large and complex. “Ninety-nine out of 100 audit problems are resolved by amicable settlements for a small fraction of the claim,” she said.

The Beatles had formed Apple Records in 1968 and had signed a deal with EMI for distribution. The relationship between the two had never been cordial. Apple Records had alleged that EMI secretly sold or gave away millions of records to retailers. In a recent case in 1991, Apple Records raised a dispute over the release of the Beatles’ red and blue albums on CD. A High Court judge ruled in favour of the band’s contention that it maintained artistic control over its output.

Alliance UniChem hopes to meet market expectations

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LONDON: European drug distributor Alliance UniChem Plc., which is in the process of merging with Boots Group Plc. in a 7 billion-pound deal, said it expects to meet financial goals in the current fiscal although it had encountered difficulties in some markets.

The company said it could not achieve expected growth in Spain and Britain during the second half of the year. However, this was compensated by a strong performance by its retail division. It, however, expected the British market to return to the growth phase in 2006 after the impact of the government-imposed price cuts in January last wanes.

Under the Pharmaceutical Price Regulation Scheme, drug companies have agreed to cut prices on products that are sold to the NHS by 7 per cent.

Alliance UniChem said it continued with its tight cost controls and a strict financial regimen, which it hoped should yield results in 2006.

The company added 101 pharmacies in the 11 months to 30 November, reaching a total of 1,283. Nearly 120 of the stores are operated by associates.

The proposed merger with Boots is expected to create one of Europe’s largest drug and healthcare firms with sales reaching 13 billion pounds and 2,600 stores across the U.K. The Office of Fair Trading is debating whether the deal should be referred to the Competition Commission. It anyway requires the approval of both companies’ shareholders.

Alliance UniChem brings out its financial results on 28 February. The company’s shares were down 1 penny at 789, valuing the business at 2.9 billion pounds.

British Energy makes profit, benefits from price increase

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LONDON: Power company British Energy Group Plc. reported operating profit of 135 million pounds for the first half ended 2 October. It did not provide any comparative year-earlier figure, but it had reported a loss of 262 million pounds for the first half of 2004.

The company, whose nuclear reactors can produce a fifth of the country’s electricity, benefited from the increased wholesale prices of power, which have more than doubled over the past 12 months. However, unplanned production halts in its Hartlepool and Heysham units have affected the company’s projections for the year — lowered output by 15 per cent annually, compared with about 3 per cent downtime for the world’s most efficient nuclear generators.

Chief executive Bill Coley said the impact will be minimised as a result of continuing improvements in operating metrics as a result of a performance improvement programme.

The company’s total production rose to 33.1 terawatt hours in the first half, up from 31.7 terrawatt hours over the same period last year. It expects to produce 61 terrawatt hours during the fiscal ending March 2006 against a projected 63 terrawatt hours. This will be an improvement on the 59 terrawatt hours it produced in 2004-2005.

The company, on the brink of a collapse due to its debt three years ago, said it had sold half of its output for 2006-2007 at 35 pounds per megawatt hour. It had achieved a price of 25 pounds per megawatt hour during the first half of the current fiscal, up from 24 pounds per megawatt hour in the first quarter. It has also sold 95 per cent of its planned output for the current financial year at an average of 32.5 pounds per megawatt hour.

It is estimated that a price of 20 pounds per megawatt hour is required for the company to break even.

Coley said the company will spend more than 250 million pounds as capital expenditure on its nuclear reactors this year, while a further 250 million pounds will be spent in the following year.

The company has a mandate to extend the asset life of its Dungeness power station in Kent by 10 years. A decision on whether its Hinkley Point B and Hunterston reactors will have their lives extended will be taken in 2008, three years before their planned closure. Its three reactors — at Hartlepool 1, Dungeness and Heysham 2 — are out of action, but at least two of them will be recommissioned before March 2006.

Coley said he believes the company can help bridge the gap between old and new plants by extending the life of some, if not all, of its eight facilities.

The company’s share price has doubled since relisting in January, closing Tuesday at 505.25 pence a share.

Average house prices may touch 200k in 2006, says Rightmove

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LONDON: Property website Rightmove who seem to always look on the positive side of the property market predicts that house prices in England and Wales may touch the 200,000-pound mark in the New Year, well sometime in 2006 at least. This also presumably means that they may not reach the 200k figure of course.

Price growth of just 2 per cent is enough to reach this ‘magical’ figure, Rightmove said, adding in fact the prices are set to grow at 4 per cent during the year. It’s not so magical if your a first time buyer of course who is struggling to afford the deposit or repayments.

This possible growth will be despite the fact that house prices fell 0.8 per cent during the four weeks ended 3 December to 196,181 pounds, as the market is poised for a recovery, Rightmove said. The number of unsold properties with estate agents has fallen from an average of 69 to 65, it said.

Prices have fallen in six out of 10 regions in England and Wales during the four weeks with East Anglia seeing the highest rise of 2.1 per cent while the North of England witnessing the highest fall — of 5 per cent.

Rightmove said affordability norms will affect the price growth and will be limited to the same levels as increases in average earnings during 2006 and beyond. Economic stability, low mortgage costs and high levels of employment will help avoid any price falls.

Through 2006, the housing market would be more positive without peaks and troughs affecting it as in the past two years, the group predicted.

Rightmove’s commercial director Miles Shipside said demand has been outstripping supply in the sector and this has been a substantial factor in pushing average asking prices towards an all-time high.

The group’s assessment comes in line with the study made by mortgage lender Nationwide Building Society, which said house prices would at worst stagnate and at best rise by 3 per cent in 2006.

With residential property out of the SIPPs equation and the economy in trouble, except for the Christmas shopping rush it is difficult to see how any increase in house prices is possible, even with the introduction of REITs.

The main issue remains that property is overvalued by owners and that first time buyers on the whole cannot afford it; they can’t afford the deposit and if they do get a mortgage will struggle with repayments. Without first time buyer movement back into the property market, it remains difficult to see anything other than stagnation as these first timers are required to kick start the chain.

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