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
Voices
voices
News
general electionThis quiz matches undecided voters with the best party for them
Arts and Entertainment
Keira Knightley and Matthew Macfadyen starred in the big screen adaptation of Austen's novel in 2005
tvStar says studios are forcing actors to get buff for period roles
News
Prince William and his wife Catherine, Duchess of Cambridge show their newly-born daughter, their second child, to the media outside the Lindo Wing at St Mary's Hospital in central London, on 2 May 2015.
news
ebooks
ebooksA celebration of British elections
  • Get to the point
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

Ashdown Group: Trainee Consultant - Surrey/ South West London

£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...

Ashdown Group: Trainee Consultant - Surrey / South West London

£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...

Recruitment Genius: Claims Administrator

£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...

Recruitment Genius: Senior SEO Executive

£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...

Day In a Page

Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before