More speculatively, Mr Portillo's defeat may turn out to deliver a bigger blessing still: a better chance of becoming Tory leader.

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Yes, someone could be buying these calls speculatively, but they could be buying this call with a put and hoping for movement.

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Suddenly, the lioness turns and lunges at the birds, swiping speculatively into a flurry of feathers, landing her paw right on top of one squawking vulture.

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Here (completely speculatively) is one way he might do it.

ECONOMIST: Go forth and multiply

And not the least, Navistar has been mentioned speculatively in the past as one of the attractive takeover candidates in truck and engine manufacturing which in part probably prompted Icahn into taking a reasonably big stake in the company.

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What we can be sure is that the growth of sophisticated financial systems will continue to play an important role in fashioning the changes in all of our lives, including funding (often speculatively) the technologies that have transformed our world already from an agricultural to an industrial economy, and are now perhaps shaping the first post-industrial information economy.

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