Summary
CELLTECH, Britain's largest biotechnology group, agreed to a (pounds) 1.5 billion takeover by the Belgian pharmaceutical group UCB. The cash offer could bring to an end the dream of a British firm rivalling the US businesses that lead the biotech field.
BAA, the world's largest airport operator, reported an 8.7% surge in second-half profits on higher passenger traffic. Its airports handled 61.3 million passengers during the six months. Meanwhile British Airways is reaping dividends from cost cuts. It reported a doubling in profits for the year to March despite falling revenues - but fears rising fuel prices will hurt.See the full content of this document
Extract
The Week That Was
Shares in French engineering group Alsthom briefly surged on news that approval for a (euros)3.2 bn rescue ...
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