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.
- 1 I was a Woman Against Feminism too
- 2 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 3 Students offered grants if they tweet pro-Israeli propaganda
- 4 The Tory donor whose firm is one of Britain’s biggest tax avoiders - with HMRC's blessing
- 5 John Barrowman praised for Commonwealth Games opening ceremony gay kiss
Vladimir Putin employs a full-time food taster to ensure his meals aren't poisoned
Peaches Geldof: Her final day – and her fatal decision
Students offered grants if they tweet pro-Israeli propaganda
Israel-Gaza conflict: Israel may have committed war crimes, says UN human rights chief
Peaches Geldof inquest: Tragic final days of mother-of-two's life reveal she lied to husband about failed heroin tests
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
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