David Prosser: Pushing the pills may be the world's most risky business

Outlook Just who would be chief executive of a major pharmaceuticals business? Andrew Witty, the man in the hot seat at GlaxoSmithKline, may cut a confident public figure, co-opted by the Prime Minister on to an advisory panel of business's great and good, but he also has to spend a disproportionate amount of time looking over his shoulder. For Mr Witty runs a leading company in an industry that is right in the sights of regulators worldwide.

Investment Column: GSK is healthy, and it's not just the drugs

Unilever; RPS Group

GSK buyback eyed after Quest sale

GlaxoSmithKline stoked hopes that it might restart its share buyback programme last night after announcing the sale of its stake in Quest Diagnostics in a $1.7bn (£802m) deal.

Mark Dampier: Interest rate rise would spell economic disaster

Many column inches have been devoted to inflation and interest rates during the last couple of weeks. With inflation above target for such a long time, pressure is growing on the Bank of England to consider an interest rate rise. According to Neil Woodford, manager of Invesco Perpetual Income and High Income, two of the largest funds in the country, this would be a big mistake. He points out a high oil price of $90 a barrel has a big impact on the UK, but in the longer term it has a deflationary rather than inflationary effect. Non-discretionary inflation effectively acts as an extra tax, depressing demand. He believes an interest rate rise would be disastrous for an economy where there is little sign of wage increases and consumers are faced with utility bill rises of 25 per cent or more in the next five to seven years. I agree it is hard to see how the UK consumer would cope with higher mortgage rates on top of everything else.

GSK sets aside £2.2bn to cover Avandia claims

Legal bills related to diabetes drug will wipe out profits for the past quarter

Cancer drug set for NHS fast-track

A new drug to treat advanced kidney cancer has been fast-tracked for use on the NHS, a health watchdog said yesterday.

Business Diary: Casting aspersions on our bosses

Marc Bolland, the boss of Marks & Spencer, Eric Daniels, the chief executive of Lloyds Banking Group, and Andrew Witty, the top man at GlaxoSmithKline, ought to consult their lawyers. Illicitencounters.com, the rather tacky website that puts professionals seeking a bit of extramarital fun in touch with each other, made its most insulting announcement yet yesterday. It has apparently offered 60 bosses of FTSE 100 companies – in particular, it namechecks Bolland, Daniels and Witty – free membership of the site, "encouraging them to cheat online". What on earth is it suggesting about these respectable gentlemen?

Glaxo pledges to invest £500m in UK after 'patent box' reforms

GlaxoSmithKline plans to invest more than £500m in manufacturing projects in the UK after the Chancellor, George Osborne, backed the previous government's plans for a lower 10 per cent corporate tax rate on profits from newly commercialised patents.

Glaxo to pay out $750m over impure drugs lawsuit

In a rare public humiliation for a British company in the United States, GlaxoSmithKline last night formally agreed to pay $750m (£473m) to settle criminal and civil complaints stemming from a whistleblower's revelations about a shockingly degraded factory in Puerto Rico.

David Prosser: Two measures that raise doubts about Coalition's 'business-friendly' pledge

Outlook There was something of a love-in at the Confederation of British Industry (CBI) conference, with a bevy of ministers down to say how much they loved business and some sweeties to share in the form of big speeches and big announcements. No wonder. Business leaders are being courted because they are desperately needed to help to fill the gap created by George Osborne's 500,000 job cuts.

Business chiefs back George Osborne deficit cut strategy

Chancellor George Osborne's deficit reduction strategy today won backing from the private sector with a letter of support signed by 35 business leaders.

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General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband

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The shadow business secretary on the benefits of immigration, humility – and his leader Ed Miliband
Yemen crisis: This exotic war will soon become Europe's problem

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Terrorism and boatloads of desperate migrants will be the outcome of the Saudi air campaign, says Patrick Cockburn
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Independent photographers Joseph Fox and Orlando Gili are uploading two portraits of constituents to their website for each day of the campaign
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How to survive a Twitter mauling

Mary Beard, Caroline Criado-Perez, Louise Mensch, Bunny La Roche and Courtney Barrasford reveal how to trounce the trolls
Gallipoli centenary: At dawn, the young remember the young who perished in one of the First World War's bloodiest battles

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A century ago, soldiers of the Empire – many no more than boys – spilt on to Gallipoli’s beaches. On this 100th Anzac Day, there are personal, poetic tributes to their sacrifice
Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves

Follow the money as never before

Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves, reports Rupert Cornwell
Samuel West interview: The actor and director on austerity, unionisation, and not mentioning his famous parents

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The actor and director on austerity, unionisation, and not mentioning his famous parents
General Election 2015: Imagine if the leading political parties were fashion labels

Imagine if the leading political parties were fashion labels

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Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

The architect of the HeForShe movement and head of UN Women on the world's failure to combat domestic violence
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The 'art' of public relations is being celebrated by the V&A museum, triggering some happy memories for DJ Taylor
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Our chef loves to stop for 30 minutes to catch up on the day's gossip, while nibbling on something sweet
London Marathon 2015: Paula Radcliffe and the mother of all goodbyes

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