Bryce Elder's stock market report column in the Financial Times caught my eye this morning.
The intrepid hack led his column with a juicy market tale about how UBS - British American Tobacco's longstanding corporate broker and financial adviser - had decided to stop carrying out equity research on the tobacco sector despite recently poaching a top sector analyst from Bank of America Merrill Lynch.
Here is a link to Bryce's piece:
http://www.ft.com/cms/s/0/7c3da2dc-9f68-11e5-beba-5e33e2b79e46.html#axzz3u0LwcK5U
The move by UBS appears to have kicked off another round of Imperial Tobacco takeover speculation. I wonder why...
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