GSK signs up gene-editing pioneers in drug discovery alliance June 13, 2019 Pharmaceutical giant Glaxosmithkline (GSK) has struck a £67m deal with pioneers of a gene-editing technology to help it develop new drugs. GSK, Britain’s largest drugmaker, will fund the new Laboratory for Genetics Research over five years. The lab will be jointly run with the University of California and researchers including professor Jennifer Doudna, a co-inventor [...]
Eurozone industrial production continues to decline in April June 13, 2019 Industrial production in the Eurozone fell by 0.5 per cent in April month on month as Germany’s manufacturing woes continued, official statistics revealed today. Read more: Eurozone investors gloomy as trade war continues to rage In the European Union industrial production fell by 0.7 per cent compared to March, with the UK the biggest faller [...]
SSE set to close coal plant with 158 staff June 13, 2019 Power company SSE has said it plans to shut its last remaining coal plant in the UK, as the fuel is slowly phased out of the economy. Fiddler’s Ferry in Warrington, Cheshire, will close at the end of March 2020, under new proposals. SSE said it will consult with unions and the site’s 158 workers [...]
Government rejects calls for stronger links between CEO and employee pay June 13, 2019 The government’s response to calls for stronger links between chief executive pay and that of other employees has been branded a “missed opportunity” by MPs. The Business, Energy and Industrial Strategy (BEIS) committee had called for recent reforms to link CEO pay to the rest of the workforce to be extended and for firms to [...]
Sajid Javid signs US extradition request for Julian Assange June 13, 2019 Home secretary Sajid Javid has signed a request for Julian Assange to be extradited to the US ahead of a delayed court hearing on the matter. The Wikileaks founder is facing charges of computer hacking in the US. Read more: Sweden will not arrest Wikileaks founder Julian Assange Javid told the BBC that he had [...]
Boris Johnson the overwhelming favourite as Conservative MPs vote in leadership election June 13, 2019 Conservative MPs are casting their votes this morning in the first round of voting to replace Theresa May as party leader. Former foreign secretary Boris Johnson is the overwhelming favourite in the field of 10 candidates. Tory MPs cast their votes in a room in parliament this morning between 9am and 11am. Candidate with 16 [...]
PwC fined £4.5m for ‘lack of competence’ in Redcentric audit June 13, 2019 The audit watchdog has fined PwC more than £4.5m for a “serious lack of competence” in its audit of IT services firm Redcentric. The Financial Reporting Council (FRC) slammed the auditors’ failure to exercise professional scepticism following an investigation after a £20m black hole was found in Redcentric’s accounts in 2016. Read more: PwC invests [...]
Middle East tensions push up oil prices as tankers burn in the Gulf of Oman June 13, 2019 International oil prices surged this morning as reports emerged that two oil tankers had caught fire in the Gulf of Oman. A port in the United Arab Emirates got a distress signal from the Front Altair, Bloomberg reported earlier today. Bloomberg later reported that the Kokuka Courageous tanker has also been hit. The ship’s manager [...]
Chris Tremlett: England should combat the dangerous Chris Gayle with all-out pace at the Rose Bowl June 12, 2019 England play West Indies at the Rose Bowl on Friday and I’m sure they won’t be complacent about what Jason Holder’s side can do. West Indies’ fast bowling attack have shown how good they can be, demolishing Pakistan for just 105 in their opening game and reducing Australia to 79-5 in their second with aggressive [...]
Philip Green’s retail empire avoids administration as rescue plan is passed June 12, 2019 SIR PHILIP Green squeezed through a controversial rescue plan this evening as his fashion empire came back from the brink of administration by winning a crunch vote. Read more: Green offers landlords cash to save Arcadia Creditors passed a series of votes that will give the embattled Topshop tycoon breathing space to embark on a [...]