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Banking

WireTap 0900 26/04/12

A round-up of the key stories across the specialist financial media, including news that David Brennan has announced his retirement as chief executive of AstraZeneca


Brennan to retire as AstraZeneca chief

David Brennan has announced his retirement as chief executive of AstraZeneca, on the day that he faced a substantial challenge to his re-election to the board of the Anglo-Swedish pharmaceutical group.

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Barclays sets aside extra £300 million for PPI

Barclays posted an underlying £2.45 billion first quarter pre-tax profit on Thursday, although a further £300 million provision related to the mis-selling of payment protection insurance helped push the UK bank into a statutory loss.

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Deutsche bank profit drops as debt crisis curbs trading

Deutsche Bank’s first-quarter profit declined more than expected as Europe’s sovereign debt crisis cut trading income and Germany’s biggest bank took a charge related to the sale of a pharmaceutical company.

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Shell Q1 profit rises on higher oil

Royal Dutch Shell beat forecasts with an 11% rise in fourth-quarter profit, as higher oil prices outweighed the impact of lower US gas prices.

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Mitsubishi to consider bid for Gavilon to gain US grain

Mitsubishi, Japan’s largest trading company, is considering making a bid for Gavilon Group, according to a person with knowledge of the matter, joining companies interested in the US grain handler.

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