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 [...]
UK regulatory fines slump after pandemic logjam August 24, 2022 The amount of fines dished out by the UK’s financial regulators has tumbled by nearly half in the first half of the year as officials catch up with a pandemic backlog, a compliance consultancy said today.
NFTs worth more than $100m stolen in the past year August 24, 2022 Over $100m worth of non-fungible tokens (NFTs) have been reported as stolen in the past year as scammers pounced on a surge in interest in digital assets, new data has revealed.
WhatsApp clampdown: Lawyers warn City firms about increasing scrutiny of app August 24, 2022 Lawyers have warned City firms to “dust off” their communication training handbooks amid fears that regulators could ramp up scrutiny of the use of WhatsApp in UK financial services.
Amazon feeds its ‘inquisitive appetite’ in healthcare sector with Signify bid August 23, 2022 Amazon looks set to continue its push into healthcare with a bid for Signify Health, which provides in-home health evaluations, in a move long predicted by analysts. The Big Tech firm, competing with rival bidders UnitedHealth Group, CVS Health and Option Care Health, has offered the second highest figure for the company, according to Bloomberg. [...]
Zoom cuts earnings forecasts for the year in the march back to the office August 23, 2022 Zoom has cut its earnings forecasts for this year, having recorded its lowest quarterly revenue growth yet. The pandemic communications darling had revenue rise eight per cent to a little over $1bn (£851m) in the second quarter, Zoom’s “fifth straight quarter with revenue of over one billion dollars”, chief financial officer Kelly Steckelberg said in a [...]
Musk launches legal request to summon Twitter founder Dorsey to court August 23, 2022 Elon Musk has launched a legal request to summon Twitter co-founder Jack Dorsey to court in his battle to walk away from a $44bn deal to buy the social media company, according to a court filing.
Business secretary clears deal for BT shares by French billionaire Patrick Drahi August 23, 2022 The acquisition of BT shares by French billionaire Patrick Drahi’s Altice has been cleared by the business secretary after a review under the National Security and Investments Act (NSIA). Drahi’s company is now set to increase its BT stake from 12 per cent to 18 per cent, after announcing the decision in December. In a [...]
Arm CEO: UK’s semiconductor strategy must make it easier to hire overseas talent August 22, 2022 The UK’s upcoming semiconductor strategy must make it easier for overseas talent to work in the country, the boss of British computer chip designer Arm has said today. Speaking to The Times, chief executive Rene Haas said that policy which makes it “easier for engineers to move across borders to be hired” would be “hugely [...]
Britishvolt founder and CEO steps down, passing reins to former Ford chairman August 22, 2022 The founder and CEO of battery technology giant Britishvolt has stepped down from the role, handing over the reins to deputy CEO and former Ford chairman Dr Grahan Hoare OBE. Orral Nadjari, who had held the position since the company’s inception in 2019, said in a statement today: “Although it was a difficult decision for [...]