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 [...]
£1.7m success for Rooney’s off-field team October 28, 2005 The success of footballer Wayne Rooney seems to be reflected in his management company Formation Group, which reported a strong set of full-year results. The sports marketing and management business reported an 11 per cent increase in pre-tax profits before amortisation to £1.7m for the 12 months to 31 August on sales of £14.9m compared [...]
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 [...]
Murray sends Tim packing October 27, 2005 Andrew Murray began the process of becoming Britain’s top tennis player by beating the current incumbent Tim Henman in round one of the Swiss Indoor Tournament in Basel. Murray defeated the British number one 6-2 5-7 7-6 (7-4) in their first ever encounter in a meaningful match. The Scottish teenager broke Henman twice early in [...]
Holders Chelsea crash out October 27, 2005 Charlton knocked holders Chelsea out of the Carling Cup but only after a penalty shoot-out at Stamford Bridge. It was the Blues’ first taste of defeat this season, coming on the back of their first dropped points in the Premiership at Everton’s Goodison Park last weekend. Defender Robert Huth was the only player to miss [...]
