News

US aerospace giant Boeing has unveiled a record $10 billion (£6.1 billion) share buyback and 50 per cent hike in the dividend.

Monsanto $27bn merger gets cool reception

THERE WAS only a lukewarm reception on Wall Street yesterday to news confirming the merger of Monsanto with its US-Swedish rival Pharmacia & Upjohn to create a new drugs giant. As several brokerages downgraded Monsanto from a "buy" to "neutral", shares in the company turned downward.

Monsanto $26bn merger gets cool reception

THERE WAS only a lukewarm reception on Wall Street yesterday to news confirming the merger of Monsanto with its US-Swedish rival Pharmacia & Upjohn to create a new drugs giant. As several brokerages downgraded Monsanto from a "buy" to "neutral", shares in the company turned downward.

Monsanto merger with P&U nears

MONSANTO, THE pharmaceuticals giant and Pharmacia & Upjohn, the Swedish drugmaker, are believed to be close to agreement on a mooted $55bn merger following a series of top level meetings in London over the weekend.

Outlook: Leschly to go

SO FAREWELL then, Jan Leschly, Britain's first pounds 15m-a-year chief executive. London's corporate scene will be a greyer and duller place without the former Danish tennis star to entertain us. But, hey, who cares if it hastens the eventual, and in the City's view, inevitable, merger between Mr Leschly's SmithKline Beecham and Glaxo Wellcome. That, in any case, was the stock market's reaction to final confirmation yesterday that Mr Leschly will be hanging up his racket at the AGM next April, six months earlier than his official retirement date.

On the Up: SmithKline Beecham

SMITHKLINE BEECHAM was back at the top of speculators' lists of likely takeover targets after an $80bn (pounds 49.4bn) battle for Warner-Lambert in the US rekindled expectations of industry consolidation.

Outlook: Drug consolidation

WITH PFIZER's $80bn bid for Warner Lambert, we seem to be entering the final end game of pharmaceutical industry consolidation. Sir Richard Sykes, chairman of Glaxo Wellcome, has long held the view that the industry will eventually boil down to five or six research and development powerhouses, with market shares of perhaps as high as 10 per cent each for the global market in prescribed drugs. Underneath them will be a larger number of smaller, more specialist bio-tech and drug discovery companies.

Glaxo mulls fresh SKB bid as merger mania sweeps industry

GLAXO WELLCOME is considering reopening talks over a pounds 100bn-plus merger with its arch-rival SmithKline Beecham in a bid to respond to the wave of consolidation sweeping the US drug industry.

The Investment Column: New drugs at Alliance Unichem make it an intoxicating buy

ALLIANCE UNICHEM, the drug wholesaler and retailer whose chairman is Kenneth Clarke, the former chancellor, has set its sights high. Things are going so well for the company, formed from an Anglo-French merger in 1997, that it reckons it can raise its market share from the current 16 per cent to 30 per cent in the next three to five years.

Firms race to find a Viagra for women

A GLOBAL race to develop the first effective treatment for sexual problems in women is under way, with a bonanza in prospect for the winner. Since the worldwide success of Viagra, the male impotence drug, multinational drug companies are vying to develop a treatment that will prove as appealing to women.

Focus: The billion-dollar fight for life

ALL HUMAN beings suffer from an incurable disease. It is called mortality. Although the condition is terminal there are increasing signs its early symptoms may be treatable. Ageing cannot be reversed but it may, perhaps, be delayed.

Avandia leads SmithKline to growth

SMITHKLINE BEECHAM, the pharmaceutical giant, is heading into a "phenomenal" growth cycle similar to that before the 1994 demise of its blockbuster ulcer drug Tagamet, its chief executive said yesterday.

A-Z of Employers PFIZER

Age: 150 in US, 48 in UK.
Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 30 January 2015
Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee