Dechra wins over US vet group with £220m bid after years of courting August 30, 2022 Veterinary pharmaceutical firm Dechra has splashed more than £220m on an American medicine manufacturer, a long-term acquisition target for the company. Californian Med-Pharmex, which has a workforce of some 130, is expected to bolster Dechra’s manufacturing facilities in North America and provide “attractive financial returns”. The deal will be funded from existing debt resources, London-listed [...]
Nasa’s Artemis Moon launch postponed after unexpected engine issue August 29, 2022 Nasa’s highly anticipated Artemis 1 Moon launch has been postponed today over an engine issue, grounding the next chapter for business in space for now. “Engineers are now working on a plan to continue gathering data about this particular engine,” Nasa said in a statement. Earlier this year, the US agency gave the commercial space [...]
Investors draw up rescue bid for Newport Wafer should Nexperia takeover be blocked August 29, 2022 Computer chip investors are reportedly drawing up plans for a rescue bid of Newport Wafer Fab, should its £63m takeover by Nexperia be blocked by the government. The co-founder of Headlight Technology Partners, which focuses on semiconductor investments, Alex Stewart, told the Telegraph that the newly established fund wants to “try and be part of [...]
Ericsson to wrap up remaining Russian operations, says local state media August 29, 2022 Ericsson will wrap up its remaining Russian operations by the end of this year, according to local state media. The Swedish telecom equipment manufacturer announced in February, following Russia’s invasion of Ukraine, that it would suspend deliveries to customers in Russia, in line with Western sanctions. Then in April, the company placed its Russian employees [...]
Sony snaps up Savage Game Studios in console pivot August 29, 2022 Sony has snapped up Savage Game Studios this morning as the company continues to pivot away from consoles.
EXCLUSIVE: UK semiconductor industry in urgent need of a strategy, say Nexperia, Imagination, IQE and Paragraf August 26, 2022 The UK is in urgent need of a strategy to bolster its semiconductor industry, bosses of some of the country’s biggest chip companies have told City A.M. Maintaining a steady supply of semiconductors will be critical to the electric vehicle transition and roll out of 5G infrastructure. The long-awaited strategy is expected to be published [...]
Indecision over Nexperia takeover review risks hurting UK semiconductor industry, Paragraf warns August 26, 2022 The government’s failure to complete the security review of Nexperia’s takeover of Newport Wafer Fab risks hurting the UK’s semiconductor industry, CEO of British semiconductor startup Paragraf told City A.M. “Not making the decision is more damaging than making the wrong decision sometimes,” Simon Thomas said. Thomas described the looming national security review as the [...]
Sony ups Playstation prices amid inflation woes August 25, 2022 Sony has upped the prices for its PlayStation 5 games console, citing the the global economic environment.
Amazon to wind down staff telemedicine service months after expansion pledge August 25, 2022 Amazon is reportedly set to wind down its in-house telemedicine service designed for its employees, on the basis of it not working in the long-term. The technology giant said Amazon Care will close by the end of the year, just months after the group said it would expand the offering across 20 new cities. The [...]
Government must support UK science firms in shouldering cost pressures, says ABPI president August 25, 2022 The Government must help paint a positive picture for the pharmaceutical industry via increased support, so that CEOs feel encouraged to shoulder the cost pressures hitting the sector, the president of the Association of British Pharmaceutical Industry (ABPI) told City A.M. The industry is currently navigating staff shortages, inflation as well as dwindling investment, which [...]