Business news in brief
Thursday 03 April 1997
In the latest example of the European trend towards "bancassurance", Norway's Christiania Bank and the country's leading insurer, Storebrand, announced merger plans yesterday to form the largest financial group in Norway and the sixth-biggest in the Nordic region.
The new company, Christiania Group, will have a market capitalisation of about NKr26bn (pounds 2.4bn) and be the second-largest listed company on the Oslo Stock exchange after industrial giant Norsk Hydro. The companies said they hoped to complete the deal by year-end following government approval. Norway's overcrowded banking sector has been undergoing consolidation since the late 1980s and further mergers had been expected in the battle for market share as margins shrank.
Drugs group forms US link
Zeneca Diagnostics, the DNA diagnostics developer which is part of the international Zeneca group, has linked up with California-based Oncotech to carry out research into the diagnosis of prostate cancer. Research into new genetic tests for cancer will take place in both America and Britain.
Malaysia Airlines plane crash exposes alarming flaw in airline security: over one billion flights made last year without stolen-passport check
Teacher shows sex tape featuring herself to pupils during class by mistake
David Cameron resorts to paying for Facebook fans because not enough people like him
Malaysia Airlines Flight MH370: Oil slicks in South China Sea ‘not from missing jet’, officials say
Swarm of killer bees sting woman 1,000 times
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
- 1 International Women's Day 2014: The shocking statistics that show why it is still so important
- 2 Australian man Rod Sommerville reacts to bite from deadly snake by reaching for cold beer
- 3 Singapore sting: Sky-high prices are pushing locals to the edge of affordability
- 4 Teacher shows sex tape featuring herself to pupils during class by mistake
- 5 David Cameron resorts to paying for Facebook fans because not enough people like him
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