Business and City in Brief

FISONS INQUIRY INTO SALES METHODS

Fisons said it believed allegations that it had breached the industry code of practice on promoting drugs to general practitioners were limited to a small number of sales staff. The group, whose shares closed 6p down at 147p in a weaker market, has launched an internal investigation that it said was focused on seven staff and a manager in the West Midlands.

An investigation was also opened by the watchdog Prescription Medicines Code of Practice Authority. David Massam, director, said the code stated that only moderate hospitality could be offered to doctors.

BRAKE ON SALES

New car registrations in the European Union and the European free trade countries fell by 13.9 per cent in October to 915,510 from 1.06 million a year earlier, the European Automobile Manufacturers Association said.

GAINING ALTITUDE

World airline passenger traffic rose 6 per cent in the nine months to September from a year earlier, the International Air Transport Association said. Freight traffic was up 9 per cent year on year.

CARNAUD SALES SLIP

Carnaud Metalbox said sales fell to Fr18.62m ( pounds 2.13m) in the first nine months of the year from Fr19.45m a year earlier. The company said that, excluding the impact of exchange rate changes, sales rose 1.5 per cent, helped by a 3.5 per cent contribution from recent acquisitions.

LUFTHANSA AHEAD

Lufthansa, the German airline, reported third-quarter pre-tax profits of DM145m ( pounds 58m) against DM24m in the second quarter. The operating loss in the first nine months was more than halved compared with 1992, mainly due to rationalisation.

FRENCH CHAIRMEN

The French government is appointing new chairmen to prepare Credit Lyonnais, the banking group, and the insurer Union des Assurances de Paris for privatisation. A Credit Lyonnais spokesman said the board met yesterday to propose Jean Peyrelevade, UAP chairman, as its new head. The decision will be approved at a cabinet meeting tomorrow.

PW FACES LEGAL ACTION

Ferruzzi Finanziaria said it was seeking shareholder approval for a legal action against the accountants Price Waterhouse over allegations that they failed to spot hidden losses in the troubled Italian group's balance sheet. PW strongly rejected any liability. 'Auditors cannot be made responsible for acts of bad management perpetrated by directors with fraud and malice aimed at deliberately evading checks,' a PW spokesman said.

BANK CHIEF NAMED

(First Edition)

Hans-Jurgen Krupp, an economics professor and Social Democrat politician, has been nominated by the German parliament as president of the regional central bank for the states of Hamburg, Schleswig-Holstein and Mecklenburg-West Pomerania. The appointment, which has to be confirmed by the German president, would give Mr Krupp a seat on the Bundesbank's policymaking council.

WORLD MARKETS

NEW YORK: Treasury comments that there was no need for any 'major' interest rate rise lifted the Dow Jones 4.47 points to 3,647.90 by the close.

TOKYO: Shares recovered from early lows to end with the Nikkei average 34.7 firmer at 18,625.16.

HONG KONG: Turning upwards after three sessions of heavy losses, the Hang Seng pulled back 181.02 points to 9,177.95.

SYDNEY: Continued profit-taking dragged the All Ordinaries index down 25.7 points to 2,054.2.

BOMBAY: Heavy buying by foreign investors took the index 54.2 points higher to 2,718.92.

JOHANNESBURG: Gold stocks closed unchanged, but strength in industrials helped the overall index to 4,020, a 16-point rise.

PARIS: The market stablilised after last week's losses, with the CAC-40 up 3.78 at 2,084.79.

FRANKFURT: After late profit-taking the DAX index closed 1.75 points easier at 2,010.81.

ZURICH: Shares closed firmer but off their highs, with the SPI 11.89 points to the good at 1,692.81.

MILAN: Prices ended slightly higher, but activity was concentrated in a few issues.

LONDON: Report, page 34.

Start your day with The Independent, sign up for daily news emails
News
i100 In this video, the late actor Leonard Nimoy explains how he decided to use the gesture for his character
Arts and Entertainment
Secrets of JK Rowling's Harry Potter workings have been revealed in a new bibliography
arts + ents
News
Down-to-earth: Winstone isn't one for considering his 'legacy'
people
News
news
ebooks
ebooksA special investigation by Andy McSmith
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SThree: HR Benefits Manager

£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...

Recruitment Genius: Office Manager / Financial Services

£30000 - £37000 per annum: Recruitment Genius: Established in 1999, a highly r...

Jemma Gent: Year End Accountant

£250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...

Jemma Gent: Management Accountant

£230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...

Day In a Page

HIV pill: Scientists hail discovery of 'game-changer' that cuts the risk of infection among gay men by 86%

Scientists hail daily pill that protects against HIV infection

Breakthrough in battle against global scourge – but will the NHS pay for it?
How we must adjust our lifestyles to nature: Welcome to the 'Anthropocene', the human epoch

Time to play God

Welcome to the 'Anthropocene', the human epoch where we may need to redefine nature itself
MacGyver returns, but with a difference: Handyman hero of classic 1980s TV series to be recast as a woman

MacGyver returns, but with a difference

Handyman hero of classic 1980s TV series to be recast as a woman
Tunnel renaissance: Why cities are hiding roads down in the ground

Tunnel renaissance

Why cities are hiding roads underground
'Backstreet Boys - Show 'Em What You're Made Of': An affectionate look at five middle-aged men

Boys to men

The Backstreet Boys might be middle-aged, married and have dodgy knees, but a heartfelt documentary reveals they’re not going gently into pop’s good night
Crufts 2015: Should foreign dogs be allowed to compete?

Crufts 2015

Should foreign dogs be allowed to compete?
10 best projectors

How to make your home cinema more cinematic: 10 best projectors

Want to recreate the big-screen experience in your sitting room? IndyBest sizes up gadgets to form your film-watching
Manchester City 1 Barcelona 2 player ratings: Luis Suarez? Lionel Messi? Joe Hart? Who was the star man?

Manchester City vs Barcelona player ratings

Luis Suarez? Lionel Messi? Joe Hart? Who was the star man at the Etihad?
Arsenal vs Monaco: Monaco - the making of Gunners' manager Arsene Wenger

Monaco: the making of Wenger

Jack Pitt-Brooke speaks to former players and learns the Frenchman’s man-management has always been one of his best skills
Cricket World Cup 2015: Chris Gayle - the West Indies' enigma lives up to his reputation

Chris Gayle: The West Indies' enigma

Some said the game's eternal rebel was washed up. As ever, he proved he writes the scripts by producing a blistering World Cup innings
In Ukraine a dark world of hybrid warfare and murky loyalties prevails

In Ukraine a dark world of hybrid warfare

This war in the shadows has been going on since the fall of Mr Yanukovych
'Birdman' and 'Bullets Over Broadway': Homage or plagiarism?

Homage or plagiarism?

'Birdman' shares much DNA with Woody Allen's 'Bullets Over Broadway'
Broadchurch ends as damp squib not even David Tennant can revive

A damp squib not even David Tennant can revive

Broadchurch, Series 2 finale, review
A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower: inside the mansion of Germany's 'Bishop of Bling'

Inside the mansion of Germany's 'Bishop of Bling'

A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower