Business of Space: A peak at NASA’s increasingly lucrative commercial deals June 3, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. Next generation spacesuits SpaceX vs Boeing This weekend’s launches Next generation spacesuits Axiom Space and Collins Aerospace have been tasked with building the next generation of spacesuits for NASA, as the US agency looks to get boots on the Moon. The [...]
Sheryl Sandberg steps down as Meta COO after 14 years alongside Zuckerberg June 2, 2022 Sheryl Sandberg is stepping down as Meta’s chief operating officer after working for 14 years alongside Mark Zuckerberg. The senior executive announced her decision in a Facebook post, where she said that it was time for her to “write the next chapter of my life.” “Over the next few months, Mark and I will transition [...]
Ofcom chief: Big Tech needs better protection for women June 1, 2022 Ofcom chief Dame Melanie Dawes has called for more to be done to protect women online after finding that they were more likely to be victims of abuse than men.
Social care startup sets ‘broken system’ in sights after £28.5m cash injection June 1, 2022 London-based social care startup Florence said it is looking to solve the issues of the “broken” care system today after securing a £28.5m cash injection.
GSK’s split healthcare division Haleon to list on London’s main market in July June 1, 2022 British pharmaceutical giant GlaxoSmithKline (GSK) has successfully split from its consumer healthcare division, which will list separately on the London Stock Exchange this summer. The division, now known as Haleon, will enter London’s main market on 18 July, GSK confirmed in a regulatory update today, as it awaits a response on its application to the [...]
Exclusive: FCA not ‘selling out’ on premium listings, which could spur biotech sector, argues City lawyer May 31, 2022 The FCA’s proposed reforms to the UK’s listing regime, published last week, could help spur the biotech and technology sectors, a senior City lawyer has told City A.M. In the plans, the FCA has outlined how it plans to make the rules companies must follow in order to be allowed to list their shares in the [...]
GSK offers £2.6bn for US vaccine maker after failing to bring Covid jab to market May 31, 2022 GSK has offered to pay up to $3.3bn (£2.6bn) for a US vaccine maker, after the pandemic pushed the importance of biotechnology to the top of the healthcare agenda. The British pharmaceutical giant is set to pay $2.1bn (£1.6bn) upfront, and up to $1.2bn (£951m) more if the biopharmaceutical firm Affinivax meets specified development milestones, [...]
US chipmaker Qualcomm eyes Arm stake and takeover May 31, 2022 US chipmaker Qualcomm is reportedly looking to buy a stake in the UK’s semiconductor darling Arm. “We’re an interested party in investing,” Cristiano Amon, Qualcomm’s chief executive, told the Financial Times last night. “It’s a very important asset and it’s an asset which is going to be essential to the development of our industry.” Amon [...]
London retains crown as Europe’s top city for foreign investment – but investment remains subdued May 31, 2022 London has retained its crown as Europe’s most attractive city for foreign investment despite a slower-than-expected recovery from a pandemic slump, fresh data has revealed.
S4 Capital revenue surges as Martin Sorrell confident about digital ad sector despite economic slowdown May 30, 2022 Ad giant S4 Capital posted buoyant gross profit of £171.1m this morning, despite Martin Sorrell’s brainchild battling macroeconomic challenges and accounting delay woes. In results published on Monday for the first quarter, reported revenue was up 70 per cent to £206.8m and gross profit/net revenue up 64.6 per cent to £171.1m. S4 Capital said it [...]