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    1. But as Warburg's move clearly indicates, making markets in many companies' shares may no longer be worth the effort.
    2. However, the shares later recovered to end only 2 lower at 199p after buying was reported at S G Warburg. A cut in mortgage interest rates lifted P & O, whose Bovis subsidiary is a leading UK housebuilder.
    3. Whether U.S.-style auctions of gilts continue "is a very close call," says John Shepperd, a gilts economist at Warburg Securities.
    4. SG Warburg has slashed its estimate for the full year to Pounds 6.75m.
    5. Mellon Bank's stock has traded in the area of $25 a share ever since Warburg Pincus bought in, but that doesn't trouble Mr. Pincus.
    6. SG Warburg - ditto, hitting corp finance revenues -7.5 5.
    7. There was no mention of creating a global investment bank at a single stroke. It was not what Sir David wanted to read, amid criticism from outside Warburg - and privately from within - over the handling of the affair.
    8. The remaining 2.27 billion francs of bonds are being offered internationally through a syndicate headed by S.G. Warburg Securities.
    9. Slough Estates' convertible offering, led by Warburg Securities Ltd., was linked to an equity offering to Slough shareholders and so wasn't expected to trade immediately.
    10. "London really behaved pretty well" in light of the Friday drop in New York, said Michael Sargent, head of market-making at Warburg Securities.
    11. Lisbeth Barron, vice president of research at S.G. Warburg Securities, says that when adjusted for non-recurring other income and a higher number of shares outstanding, the company's operating net income was up 42% for the year.
    12. It is possible people were braced for an even worse number," said Kevin Gardiner, economist at Warburg Securities.
    13. Mercury Warburg Investment Management Ltd., a London-based investment firm, said it holds a 5.1% stake in New York-based Millicom Inc.'s common shares outstanding.
    14. But this and yesterday's price fall does not appear to have detered some analysts. While consternation was almost universal yesterday, Warburg for instance, has lowered its earnings estimates - but maintained its buy recommendation.
    15. Kevin Gardiner, an economist at London stockbroker Warburg Securities, said: "The crack in the pound appeared earlier and quicker than anyone expected.
    16. The struggle prompted unusually high turnover of 4.1m shares on an otherwise quiet day. In the pessimist's corner, Warburg was arguing that the recent rise in paper prices had been discounted in the share price of the paper manufacturer and distributor.
    17. "The softness in the funds rate offered comfort to investors" and revived speculation that the Federal Reserve has eased its credit hold "very slightly," said Lawrence N. Leuzzi, a managing director at S.G. Warburg Securities Inc.
    18. We might have to discount it as an indicator of investor sentiment," said Kenneth Ducey, a senior vice president at S.G. Warburg & Co. in New York.
    19. Warburg will also be issued warrants to buy 2.2 million common shares at $4.50 each, the company said.
    20. Mr Lewis Aaron, investment trust analyst at SG Warburg, says discounts are at their narrowest for 20 years, and many trusts are at a premium.
    21. "I'm reasonably pleased with these figures," said Rob Golding, motors analyst with Warburg Securities Ltd. in London, echoing the sentiment of other sector watchers.
    22. By contrast, the spread on the sterling issue was unchanged at the end of the day. S. G. Warburg, joint lead manager of the offerings with Lehman Brothers, rejected suggestions that the dollar tranche was too cheap.
    23. But the Warburg study notes that the concentration of ANA's market in Japan tends to make marketing easier and more cost-effective, and reduces the carrier's exposure to currency fluctuations.
    24. From Ireland there is Roddy Doyle's Paddy Clarke Ha Ha Ha (Secker & Warburg), by a young novelist who is a master of comic dialogue.
    25. Telefonica Nacional de Espana S.A., Spain's telephone company, launched $200 million of 15-year convertible Eurobonds with Warburg Securities as lead manager.
    26. 'You have to ask whether it will out-perform the market over the next few months,' says Mr Bill Dale, an analyst with S G Warburg Securities.
    27. "It's a perfectly friendly purchase being done very much with the knowledge of the Standard Chartered board," said Peter Wilmot-Sitwell, co-chairman of Warburg Securities.
    28. They believe Warburg has put up the 'For Sale' sign and expect other potential buyers to appear.
    29. "It's an important strategic step that takes Longman more into the international arena," said Michael Murphy, a publishing analyst at U.K. stockbrokers Warburg Securities.
    30. "It seems to me it's 60-40 that we will get" a new issue of 30-year Treasury bonds as part of the November financing, said Mr. Bass of S.G. Warburg.
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