DISCOVERY: Biotech firm PPL Therapeutics has discovered a more ethical way of developing treatments for conditions such as Alzheimer's, Parkinson's and diabetes.

The technique involves using cells developed from animal skins rather than embryos.

The company said its next challenge was to repeat the research using human cells.

PULLED OUT: Enic, the media and leisure group, has said it has pulled out of talks to buy spread betting firm Sporting Index.

IMAGE SALE: Convergence, the technology and media investment firm, has agreed to buy UK-based image library Images Colour Library for £3.6 million from Zephyr Images.

RIGHTS DEAL: Games group Empire Interactive has secured European publishing rights to PC-Rom based games Get Bass and Sega GT, which are due to be released in June.