AztraZeneca falls on drug trial flop March 8, 2010 ASTRAZENECA’S cancer drug Recentin failed in a head to head late stage trial with Roche’s Avastin in colon cancer patients, hurting the Anglo-Swedish drugmaker’s shares yesterday. The company said the data showed the experimental drug did not live up to expectations. But it said it would wait for fresh data from a second late stage [...]
Aer Lingus delays results after cabin crew reject cuts March 8, 2010 IRISH airline Aer Lingus will not publish its 2009 earnings today as planned so it can adjust provisions for cost-cutting measures that cabin crew rejected last week. The Irish flag carrier said it would not publish full results until an unspecified date. It will issue a brief trading statement today instead. Aer Lingus, which has [...]
CITY MOVES | WHO’S SWITCHING JOBS March 8, 2010 Nomura The Japanese bank has appointed Rachid Bouzouba as co-head of global equities, as part of a wider shake-up of its global management team. Bouzouba is currently head of equities for EMEA and has been instrumental in building up the bank’s equities business in the region. He will now manage Nomura’s global equities business alongside [...]
Fidelity sells Indian bourse stake March 8, 2010 Global fund manager Fidelity International is selling around two per cent of its holding in India’s largest commodity bourse for an undisclosed fee to meet a regulatory cap of five per cent for any single foreign shareholder. Intel Capital (Mauritius), an investment arm of chipmaker Intel, is the buyer of the stake in Multi Commodity [...]
CryptoLogic in deal with Betsson March 8, 2010 CryptoLogic, a global developer of branded online betting games and internet casino software, has signed a three-year agreement to license at least nine of its most popular online betting games to Betsson Malta, an e-gaming operator listed in Stockholm. Most of the games will go live later this year.
Toyota predicts US recovery March 8, 2010 Toyota’s president said yesterday he believed that sales in North America could recover in March after a sharp decline last month when the carmaker suspended sales of some recalled models.“I think it’s possible [for sales to recover],” Akio Toyoda told reporters after a meeting with Japanese Prime Minister Yukio Hatoyama. “We are taking steps simultaneously [...]
AMBITIOUS SQUARE MILE LADIES APPOINT THEIR NEW AMBASSADOR March 8, 2010 MUCH has been made of the significance of today – International Women’s Day – for ladies in the City, so it seems fitting that the appointment of the latest high-flying president of the City Women’s Network (CWN) has been timed to coincide with the festivities. India Gary-Martin, the new president, is one of the best-known [...]
Insurer Chaucer back in the black March 8, 2010 LLOYDS of London insurer Chaucer moved back into the black last year and has tipped the current year as a positive one for growth. The company announced a pre-tax profit of £42m for 2009 – a turnaround after a loss of £26.2m in 2008. Chairman Martin Gilbert said: “We are optimistic for 2010 believing that [...]
BILL OF THE WEEK March 8, 2010 OFF to Froggy favourite Papillon in Chelsea for a slap-up dinner à trois. Our diners feasted on scallops, foie gras, succulent fish, fillet of beef and a decadent chocolate pudding, washed down with a selection of the house’s finest spirits and wine. They began with classic gin and tonics, before moving on to a bottle of [...]
Bovis moves back into profit March 8, 2010 HOUSEBUILDER Bovis is steaming ahead with plans to invest in new land after returning to profit in 2009. The FTSE 250 group says it has restarted its land acquisition scheme with four sites with planning consent snapped up in the fourth quarter of 2009 and terms agreed on another 15. It had £122m net cash [...]