Brits told to cut energy usage as Government unveils £1bn insulation support November 28, 2022 Households will be advised by the Government to lower boiler flow temperatures and turn down radiators in empty rooms.
Drug developer C4X shares fly after signing £330m AstraZeneca licensing deal November 28, 2022 Drug developer C4X Discovery has signed an exclusive licensing agreement worth up to $402m (£334m) with pharma giant AstraZeneca to develop oral therapy to treat inflammatory diseases. London-listed C4XD’s shares have rocketed this morning, up nearly 40 per cent to 28.5p so far. As part of the deal, C4XD will receive pre-clinical milestone payments worth up [...]
PensionBee announces over £3bn assets under administration November 28, 2022 PensionBee has announced there are over £3bn assets under administration as of this month. The online pension provider said despite the macroeconomic volatility, it has been able to reach this “milestone” through high customer retention and strong net inflows. “The ongoing growth in our Assets under Administration results from our commitment to delivering outstanding customer [...]
Inspiration Healthcare warns investors of hit to sales over China lockdowns November 28, 2022 Inspiration Healthcare has warned shareholders that sales will not exceed last year’s levels because of ongoing Covid-19 restrictions in China. The company’s China-based distributor has been significantly disrupted by the tough pandemic measures, which has curbed its “access to major customers”, the company said in a statement today. “As a result of this continued uncertainty, [...]
Cerillion posts record revenue as it cashes in on surging 5G boom November 28, 2022 Software giant Cerillion posts record revenue as demand for continues to surge thanks to a 5G boom and digitisation. The British firm said revenue climbed 26 per cent to a record £32.7m, driven by major new customer implementations and strong demand from existing customers Back-order book reached a new high of £45.4m at the year-end [...]
Sizewell C is not enough to meet UK energy ambitions, warns nuclear boss November 28, 2022 The Government needs to approve more projects to boost the role of nuclear power in the UK's energy mix, warned NIA boss Tom Greatrex.
Yü Group smashes expectations as renewed customer contracts soar November 28, 2022 Business energy supplier Yü Group smashes revenue expectations as it posts record monthly bookings. In a trading update, Yü said revenue, adjusted EBITDA and operational cashflow was anticipated to significantly exceed current market expectations for the year to 31 December. Record average monthly bookings from new and renewed customer contracts over the last three months has resulted [...]
Crypto fraud value surged 32 per cent to £226m this year November 28, 2022 Crypto fraud has surged during the tough economic climate by almost a third this year alone. More than 10,000 crypto fraud reports were made this year, a 16 per cent rise on 2021, as thousands of people were scammed. The value of UK crypto fraud surged by 32 per cent from £171m to £226m this [...]
UK firms well below EU average for tax roll burden of workers on £30k November 28, 2022 The UK has one of the lowest payroll tax burdens for businesses, with the average cost of employing a worker on £30k being £3,000. A new study by accounting company UHY shows Britain is below the European average, with the cost of keeping a worker in their job being 10 per cent of their salary, [...]
British Patient Capital posts ‘very active year’ despite testing backdrop November 28, 2022 BRITISH Patient Capital (BPC), the venture capital subsidiary of government-owned British Business Bank (BBB), has posted a “very active year” as it continues to back high-growth UK firms. As the largest domestic investor in UK venture and venture growth opportunities, BPC announced that it now manages assets with a total value of £3.1bn. During the [...]