Circassia share price flies on news of Astrazeneca partnership March 17, 2017 Shares in Neil Woodford-backed pharmaceuticals firm Circassia rocketed over 30 per cent this morning after the firm announced a $50m (£40.4m) investment from Astrazeneca. Circassia will buy the rights to two of Astrazeneca's pulmonary disease drugs in a deal that values the products at as much as $230m. The FTSE 100 giant will receive $50m of shares in its fellow [...]
Nine out of ten French voters think former presidential favourite Fillon is dishonest March 17, 2017 French Presidential wannabe François Fillon is more distrusted by voters than ever, a new poll has shown, after the right-wing candidate was put under formal investigation over claims he created three fake parliamentary aide jobs for family members. The poll, released this morning by Odoxa for FranceInfo, revealed nine out of 10 French see the former favourite as “not honest”, while [...]
Flying Level: British Airways owner IAG is launching a new low-cost, long-haul airline from Barcelona March 17, 2017 British Airways owner IAG has announced plans for a new low-cost, long-haul airline called Level that will take to the skies in June 2017. The new carrier will fly from Barcelona to Los Angeles, San Francisco (Oakland), Buenos Aires and Punta Cana. Read more: Norwegian Air launches new UK and Irish flights to the US from [...]
Emerging markets and junk bonds suffered as investors thanked the Fed for the promise of higher US yields March 17, 2017 Investors pulled money out of emerging markets and high-yielding bond funds at the fastest rate this year, positioning instead for bigger returns from US assets as the Fed continued on the path to normal monetary policy. High-yield bond funds, which target junk bonds from riskier but higher-rewarding companies, saw their biggest outflows since the end [...]
House prices in this London borough are 38 times annual earnings March 17, 2017 Dream of affording your own home in London? Well, don't start your house search in Kensington and Chelsea. Read more: A third of first-time buyers now spend half a decade saving for a home The latest figures from the Office for National Statistics show that house prices in Kensington and Chelsea were 38.5 times median [...]
Who owns London? The capital’s biggest landowners: Qataris own as much land as the Queen and TfL put together March 17, 2017 A company part-owned by the Qataris own almost as much land in the capital as Transport for London and the Queen put together, a new ranking has suggested, while the City of London was ranked second. Figures compiled by Datscha for property trade bible Property Week showed Canary Wharf Group, which is joint-owned by Qatari [...]
Is Denver the best place to live and work in America? March 17, 2017 | City Talk The Schroders Global Cities Index ranks the fastest growing urban economies in the world. We write about our favourite cities on the Global Cities Blog. With its close proximity to the Rocky mountains, a rich cultural scene and growing population, we explain Denver's popularity and what that means for global real estate investors. Sitting at [...]
US makes formal apology to UK about GCHQ claims March 17, 2017 The US has apologised to Britain after White House claims that GCHQ had helped former President Barack Obama spy on Donald Trump, according to reports. Trump's press secretary, Sean Spicer, made the claims at a press conference last night, apparently referring to a report on Fox News. Spicer told reporters that British agents had [...]
Government pulls YouTube ads after investigation into taxpayers funding extremism March 17, 2017 The government has pulled its adverts from YouTube after an investigation said taxpayers are funding extremist videos online. Someone who posts a video on YouTube generally gets $7.60 (£6.14) for every 1,000 advert views it generates, meaning that YouTubers from even the darkest corners of the internet may be profiting from adverts for the Financial Conduct Authority, Sainsbury's, and [...]
Independent Scotland might have to ditch the pound, SNP’s Alex Salmond admits March 17, 2017 Former Scottish first minister Alex Salmond has said Scotland could ditch the pound if it wins independence in a new referendum. The Scottish National Party (SNP) previously said it would continue to use sterling, but Salmond told the Financial Times he could change his view to reduce reliance on the rest of the UK for [...]