Open Orphan subsidiary to trial influenza antiviral for Big Pharma firm in £10m deal August 22, 2022 A subsidiary of clinical research firm Open Orphan has inked a £10.4m contract with a Big Pharma client to test an influenza challenge virus and an antiviral product in human trials. The London-listed firm’s challenge trials company hVIVO has seen a rise in pharmaceutical companies looking to test their vaccines and antivirals against specific subtypes [...]
Cineworld seeks ‘potential’ restructuring to deal with £4bn debt burden August 22, 2022 Cineworld has said it is looking to gain liquidity and potentially restructure its balance sheet through a “comprehensive deleveraging transaction” as it carried billions in debt. The company, which owns US-based cinema chain Regal, said it had voluntarily sought a Chapter 11 bankruptcy filing in the US in pursuit of a potential restructuring. “Cineworld and [...]
Vodafone strikes deal to sell Hungary operation for £1.53bn August 22, 2022 Vodafone has struck a deal with a Hungarian tech firm 4iG and state-backed Corvinus Zrt to sell off its operations in the country for €1.8bn.
UK workers keen to bag big City bonuses August 22, 2022 Workers are keen to capitalise on bumper bonuses handed out by banks, brokers and insurers, a new survey published today shows. Around a quarter of Brits want to shake up their careers and move into the financial services sector, according to consultancy KPMG. Of those considering moving to a job in the City, some 58 [...]
Avanti West Coast woes give train privatisation a bad name August 21, 2022 It is tempting to place the blame for the rail chaos gripping the country firmly at the feet of Mick Lynch and his twitter-friendly pals at the top of the unions, and it is true that much of it does indeed lie there. But on one particular line the operator should take their fair share [...]
Buffett’s Berkshire Hathaway gets greenlight to buy 50 per cent of Occidental Petroleum August 21, 2022 Warren Buffett’s investment giant Berkshire Hathaway has got the go ahead from a US energy regulator to buy up to 50 per cent of oil firm Occidental Petroleum.
‘Dry powder’ falls as rising interest rates choke off cheap cash for investors August 21, 2022 The amount of cash being sat on by private market investors has tumbled this year as central bankers roll out more aggressive rate hikes and choke off a stream of cheap cash.
Kwarteng says ‘help is coming’ as energy price cap looks set to exceed £6,000 next year August 21, 2022 Business secretary Kwasi Kwarteng has said that more support for households to cope with rising energy bills is on its way, as forecasters predict the energy price cap will exceed £6,000 in April next year. Writing in the Mail on Sunday, Kwarteng said: “Russia is the world’s largest natural gas producer. By deliberately restricting exports, [...]
Felixstowe dock workers begin eight-day strike over pay August 21, 2022 Dock workers gathered at a picket line at the UK’s largest port today as they commenced their first of eight days of planned strike action. Around 1,900 members of Unite at Felixstowe began their walk out today in a dispute over pay. It is the first strike to hit the port since 1989. The Felixstowe [...]
BlackRock warns US greenwashing rules could confuse investors August 21, 2022 The world’s biggest asset manager BlackRock has warned a US watchdog that planned rules to clampdown on “greenwashing” risk confusing investors and could force firms to disclose company information publicly.