Postmortems of last month’s European Union summit meeting have now turned to why the Greek debt rescue failed to restore investor confidence in the country’s finances. Many reasons are advanced: the failure to communicate clearly; the complexity of the plan; the inability to coordinate with the International Monetary Fund.
U.K. Prime Minister David Cameron is planning to reorganize his ministerial team after his summer break, seeking to get his coalition on track after months of U- turns and mutinies, said a person familiar with the matter.
Actelion Ltd. ’s shareholders should oust board members and replace them with former executives from Novartis AG and Merck KGaA, a hedge fund said as it stepped up pressure on the biotechnology company to consider options, including a sale.
ProStrakan Group Plc rose the most since 2005 in London trading after closely held pharmaceutical company Norgine BV bought 12.6 percent of the U.K. drugmaker and didn’t rule out the possibility of bidding for the rest.