AstraZeneca turns to healthtech startup Umotif to capture patient data treasure trove March 15, 2017 Pharmaceuticals giant AstraZeneca has turned to an innovative startup helping patients, doctors and researchers track health conditions to better understand and treat them. Umotif, a digital health startup based in London which was behind the first ever app to be prescribed by the NHS, will work with the FTSE 100 firm to create digital products for monitoring clinical trials, [...]
AT&T wins European Commission approval for $85bn Time Warner deal but faces battle in the US March 15, 2017 US telecoms giant AT&T has won European Commission approval for its $85bn (£70bn) takeover deal for Time Warner. “We appreciate the skilled work of the European Commission’s team for their timely effort to analyse and clear the AT&T-Time Warner merger,” said Bob Quinn, senior executive vice president of AT&T external and legislative sffairs. Read more: [...]
How nine City experts reacted to Philip Hammond’s NIC u-turn March 15, 2017 It's official: Philip Hammond has bowed to criticism and scrapped his controversial plans to hike National Insurance Contributions for the self-employed. Reactions from have varied, from confusion to outright glee. Here's how nine of the City's most important organisations reacted. Read more: Hammond's U-turn on National Insurance hike plans – read his letter in full [...]
Manx Telecom share price rises after revealing “solid” annual figures March 15, 2017 Manx Telecom, which operates the Isle of Man's telecoms network, today revealed it is generating annual sales equivalent to almost £1,000 per person living on the island. Shares rose one per cent in the wake of the news. The figures Revenue rose by 1.5 per cent to £81m, with underlying earnings of £28m, the same [...]
Wealth manager Brooks Macdonald reports growth despite “really terrible” period after Brexit vote March 15, 2017 Wealth manager Brooks Macdonald today reported growth in funds under management (FUM), revenues and profits, despite a “really terrible” period after the EU referendum. The figures Discretionary FUM were £9.3bn at the end of 2016, up 19 per cent on 2015. In the six months to 31 December, revenue came in at £45.3m, up 17 [...]
City office rents propped up in uncertain times by low supply March 15, 2017 Rents in the City's offices are being propped up by low supply, with only three buildings set to be completed in the capital's financial quarter this year. This year 1 Angel Court, 45 Cannon Street and the Scalpel will be finished, and Chris Vydra, City leasing agent for CBRE, said that the dearth of new [...]
Audi’s HQ raided by German police in Dieselgate swoop as its CEO Rupert Stadler announces earnings for 2016 March 15, 2017 Audi's two biggest plants were searched by German prosecutors today while its chief exec was announcing the car giant's earnings at its annual press conference today. Prosecutors from several jurisdictions and state police from Bavaria, Baden-Wuerttemberg and Lower Saxony carried out the raids, according to Reuters. VW, Audi's parent company, has drawn criticism amid the so-called [...]
JLL boss calls out government on business rates “disaster” March 15, 2017 The UK boss of JLL has hit out at the government's revaluation of business rates, calling the arrangements around the tax changes due to start in April a "disaster". Speaking at global property conference Mipim, Chris Ireland said that despite flaws in the system, he did not expect the government to make any significant changes [...]
Robert Walters thankful for overseas operations as it posts record revenue figures but warns on uncertain environment March 15, 2017 Headhunter and outsourcing firm Robert Walters today posted record revenues but warned of an "unpredictable geopolitical environment". Shares rose over one per cent in early trading, with the figures boosted by currency gains from its overseas operations. The figures Revenues grew to £999m, up 23 per cent from £813m in 2015 with gross profit up 19 per [...]
Bumper payday for Amancio Ortega as profits at Zara parent Inditex jump 10 per cent March 15, 2017 The owner of Zara, Pull & Bear and Massimo Dutti has reported a 10 per cent increase in full year net profit – leaving founder Amancio Ortega, one of the world's richest men, with a bumper €1.3bn (£1.1bn) payout. Profits at Inditex, the world's largest fashion retailer by sales, rose from €2.88bn to €3.16bn in the year [...]