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.
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.
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.
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.
