Biopharma snags over £30m windfall from Pfizer’s latest billion-dollar deal August 9, 2022 Life science debt investor Biopharma Credit has snagged a more than £30m windfall thanks to Pfizer’s latest billion-dollar deal. Pfizer, the US pharmaceutical giant behind one of the world’s most successful Covid-19 vaccines, confirmed yesterday that it has bought Global Blood Therapeutics for $5.4bn (£4.4bn), as the US pharmaceutical giant continues its Covid-19 cash spending [...]
Carlyle chief’s sudden exit is ’empire striking back’, say analysts August 9, 2022 The abrupt departure of Carlyle group chief Kewsong Lee may be a case of the “empire striking back”, analysts have suggested, as co-founder Bill Conway steps back in as interim chief executive.
Germany’s economy faces £220bn blow from war in Ukraine and ultra-high energy prices August 9, 2022 Germany's economy will lose over £220bn by the end of the decade, following Russia's invasion of Ukraine and ultra-high energy prices.
Canadian engineering firm WSP snatches up RPS for £591m August 9, 2022 Engineering firm WSP has snatched environmental consulting group RPS for £591m, at 117p per share. Agreed by both parties today, the offer sent RPS shares surging by 74.36 per cent as it represents a premium of 76 per cent on yesterday’s price. The group’s board accepted the offer, considering the terms of the agreement to [...]
Today’s elections in Kenya: Meet Esther Passaris, not your average Nairobi household name August 9, 2022 It’s D-Day in Kenya as the country is holding its biggest election in years today. Polls opened at 7am this morning for more than 22m registered voters, who will today endorse their favourite candidates in 46,232 polling stations across the country. All eyes are on the top job, with outgoing President Jomo Kenyatta leaving government [...]
News Corp nearly doubles profit after online advertising sales and subscriptions soar August 9, 2022 Rupert Murdoch’s publishing giant News Corporation has almost doubled its profit to reach a record $760m. The buoyant results come after a boom in online advertising sales and subscriptions for the owner of titles including The Wall Street Journal, The Australian, The Sun and The Times. Revenue shot up 11 per cent to $9.36bn in [...]
Centrica seals mega-deal with Delfin for US LNG supplies August 9, 2022 Centrica has signed a mega US deal to ramp up its supplies of lnf from a floating export facility located 40 miles off the coast of Louisiana.
Sunak says Truss is ‘divorced from reality’ over cost of living crisis August 9, 2022 Rishi Sunak has launched a stunning attack on Liz Truss today, with his campaign team labelling the Tory leadership frontrunner as “divorced from reality”. A Sunak campaign spokesperson said Truss has refused “five times” to say if she will promise to hand out emergency payments to combat spiralling energy bills and that her plan to [...]
Abrdn shares plunge after market turmoil sparks £320m loss August 9, 2022 Shares in Abrdn plunged today after the asset manager reported a £320m loss and a sharp slide in assets under administration in the first six months of the year, after a turbulent period on markets.
John Lewis chair says lockdown retirees should return to work to tackle economic turmoil August 9, 2022 John Lewis head Dame Sharon White has urged the government to encourage lockdown retirees back into work to avoid stagflation. The retail chief warned that ministers should address labour shortages in order to prevent the economic situation from worsening, in an interview with BBC on Tuesday morning. “There’s not a business in the UK that’s [...]