Business Diary: Why defunct pubs make great surgeries

The British Beer & Pub Association has revealed that a record 52 pubs close in Britain ever week, but not everyone is crying into their pint. An insolvency expert told the Diary that many pubs are being converted into dentists', vets' and doctors' surgeries. Pubs often make excellent surgeries as they have a powerful supply of running water and flats above them, he said. The local coppers will no doubt welcome fewer fights come closing time as well.

Glaxo unmasked: drug firm to make £1bn from swine flu

Britain's largest pharmaceuticals company could make up to £1bn from sales of its swine flu vaccine by the end of the year, industry analysts said yesterday as the first trials of the drug began in Australia.

James Moore: Swines? No, they deserve it

Step forward Andrew Witty, this week's epitome of corporate evil. Mr Witty is chief executive of GlaxoSmithKline and his company stands to make an awful lot of money out of swine flu.

Drug firm ups doses of swine flu vaccine

GlaxoSmithKline said its has been in discussion with over 50 countries over its swine flu vaccine as it announced contracts for 195 million doses worldwide were in place.

Meinertzhagen to take adviser post at Oriel Securities

Peter Meinertzhagen, one of the City’s most respected corporate brokers, is returning to the Square Mile as an adviser to Oriel Securities, the fast-growing stock-broking firm.

Glaxo signs deal with Chroma 'worth £1bn'

Glaxosmithkline, Europe's biggest pharmaceutical company, continued its policy of doing small scale partnership deals and eschewing so-called mega mergers yesterday by penning an exploratory agreement with biotechnology group Chroma.

Market Report: Overseas prospects prompt Glaxo upgrade

Pharma stocks firmed up last night, with GlaxoSmithKline gaining 2.6 per cent or 26.5p to 1,058.5p, after a leading broker turned positive on the sector.

Market Report: Stagecoach stands firm as market falls

A plug from Bank of America-Merrill Lynch shielded Stagecoach from the downdraft unsettling the wider market last night.

Market Report: Carnival undermined by swine flu fears

The spectre of a protracted public health scare swept through the London market last night, unsettling Carnival, the cruise operator, which retreated by almost 7 per cent amid concerns about the impact on the travel industry.

Market update - 27 April

The FTSE 100 was 35.44 points behind at 4120.55 while the FTSE 250 fell to 7239.66, down 130.09 points, at around 11.05am.

Simon Carr: We must be gullible to keep listening to these scares

We do provide a receptive climate for the bacillus of looming disaster

Hambro is a good way to mine a rich seam

Our view: Buy

GSK to share patents to aid disease fight

Europe's biggest pharmaceuticals group, GlaxoSmithKline, said yesterday that it will share as many as 800 patents it holds in an attempt to find cures for rare diseases.

Market update - 23 March

The FTSE 100 was 1.4 per cent or 54 points ahead at 3896.8 while the FTSE 250 advanced to 6336.8, up 1 per cent or 64.4 points, at around 11.30am. Sentiment was strong as investors awaited the details of the Obama administration’s bank rescue plan.

Share solace. Not all dividends have gone to the dogs

Investors seeking a steady income amid the market carnage still have places to go, says Kate Hughes
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