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
PROMOTED VIDEO
Arts and Entertainment
British musician Mark Ronson arrives for the UK premiere of the film 'Mortdecai'
music
Voices
Winston Churchill, then prime minister, outside No 10 in June 1943
voicesA C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
News
i100
Sport
footballBrighton vs Arsenal match report
Arts and Entertainment
Benedict Cumberbatch has spoken about the lack of opportunities for black British actors in the UK
film
News
people
News
ebooks
ebooksA year of political gossip, levity and intrigue from the sharpest pen in Westminster
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

Recruitment Genius: Tax Assistant

Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...

Recruitment Genius: Outbound Sales Executive - OTE £25,000

£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...

Ashdown Group: Java Developer / J2EE Developer - Watford - £45,000 - £47,000

£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...

Ashdown Group: Marketing Product Manager - (Financial Services) - SW London

£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...

Day In a Page

Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project
Diana Krall: The jazz singer on being friends with Elton John, outer space and skiing in Dubai

Diana Krall interview

The jazz singer on being friends with Elton John, outer space and skiing in Dubai
Pinstriped for action: A glimpse of what the very rich man will be wearing this winter

Pinstriped for action

A glimpse of what the very rich man will be wearing this winter
Russell T Davies & Ben Cook: 'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'

Russell T Davies & Ben Cook: How we met

'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'
Bill Granger recipes: Our chef serves up his favourite Japanese dishes

Bill Granger's Japanese recipes

Stock up on mirin, soy and miso and you have the makings of everyday Japanese cuisine
Michael Calvin: How we need more Eric Cantonas to knock some sense into us

Michael Calvin's Last Word

How we need more Eric Cantonas to knock some sense into us