Cyprotex gets peer approval October 28, 2005 Marianne Barriaux reports on how the technology and information company, which is trying to test drugs by computer instead of on humans and rats, has had a boost with the news it is to have its results published Cyprotex, the drug discovery technology and information company, has received peer-approved publication of its “virtual human and [...]
Smith & Nephew hit by rejection October 28, 2005 Europe’s largest seller of orthopaedic devices saw its shares tumble to a two-year low after it abandoned producing a key leg ulcer treatment when America turned it down, but its sales are up. Smith & Nephew has abandoned production of a key leg ulcer treatment after it failed to win approval for the American market. [...]
Killing the cure October 28, 2005 Some say British drugs companies should be able to profit in order to reinvest in newer drugs for the greater good. Some say their profits come on the back of scientific fraud. It is perhaps one of the great puzzles of British business. As a nation we spend less on medicines than our European neighbours, [...]
Interregnum on up October 28, 2005 AIM-quoted technology merchant bank Interregnum said that its group turnover soared 112 per cent on last year’s results to £7.98m. The company also said that pre-tax losses were down 34 per cent to £430,000 compared to £650,000 in its 2004 financial year. Interregnum is based in Britain and America and specialises in investment advice in [...]
Hands tied to deal October 28, 2005 Guy Hands has finally taken control of East Surrey Holdings, the utility company he was forced to purchase by the Takeover Panel. Hands’s Terra Firm fund made a 525p-a-share offer for Northern Ireland gas distributor East Surrey in April, but then tried to get out of the deal when the country’s gas regulator said it [...]
Honda profit accelerates October 28, 2005 Japanese car and motorcycle maker Honda reported an industry-beating increase of just over 1 per cent in its first-half profits to 244.4bn yen (£1.2bn), buoyed by higher global vehicle sales. Turnover grew by 10 per cent to a record 4.6trn yen, as global vehicle sales rose 6.9 per cent to 1.6m units. The increase in [...]
Communisis in new talks of a takeover October 28, 2005 Printing company Communisis yesterday confirmed that it was in its second set of takeover talks this year. The Leeds-based group said the discussions are at an early stage with what it described as “a small number of other parties”. But, the group said, “it is far from certain that they will lead to an offer [...]
Blacks finding the long dry spell is a dampener October 28, 2005 Outdoor gear specialist Blacks Leisure said sales of waterproof clothing and footwear had dried up as Britain enjoyed one of “longest dry spells on record”. The retailer, which also owns the Millets chain, said sales had tumbled in the past eight weeks in “abnormally dry conditions. It has been an average of three degrees warmer [...]
Sony soaring on a windfall October 28, 2005 Sony reported a better-than-expected rise in second-quarter profits due to a pensions windfall that offset falling prices in electronic products and high restructuring charges. The electronics giant announced a 52 per cent rise in operating profits to Y65.9bn (£320m) for the three months to 30 September, although sales remained the same as last year at [...]
Amazon’s ebbs and flows October 27, 2005 The dotcom giant is at the forefront of growth in the online retail industry. Its sales have just kept on growing, hitting $1bn in America and Canada. But yet its share price has taken a tumble this week. Wall Street is always falling in and out of love with Amazon. In the online retailer’s 10-year [...]