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Pfizer admits defeat on AstraZeneca bid

US pharmaceuticals giant Pfizer has called off its multi-billion pound bid to take over British-Swedish firm AstraZeneca. The decision came after AstraZeneca's board declined an offer worth almost £70bn.

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Cameron 'backing British jobs' over AstraZeneca

Prime Minister David Cameron said he would intervene "to back British jobs" in the mooted acquisiton of AstraZeneca by US firm Pfizer.

But he would not be drawn on committing to a public interest test in the deal, after his spokesman said he backed such an examination.

"The assessment I want is from the business department on this deal, or indeed - because there isn't now an actual offer on the table - any subsequent offer," said Mr Cameron.

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