Activists quieter in first half of the year as political uncertainty hits September 2, 2019 European businesses could breathe a sigh of relief as activist investors opened fewer campaigns in the first half of 2019. The number of demands made by activists in Europe was more than 14 per cent lower over the period compared to last year, according to figures from Activistmonitor. Read more: Just Eat faces pressure as [...]
Cuadrilla says sorry for concern over record-breaking earthquake and promises to mend the damage September 1, 2019 Britain’s only active fracking company has apologised to residents near its site after a 2.9 magnitude earthquake rocked houses last week. Cuadrilla said it was visiting locals to assess “minor damage” caused at properties in Blackpool and the surrounding area. The firm will repair any damage it believes was caused by last Monday’s quake. Read [...]
Zoopla founder raises £25m for used car startup Cazoo September 1, 2019 A company planning Amazon-style home delivery for cars has won a further £25m in backing ahead of its launch later this year. Cazoo, the brainchild of Zoopla founder Alex Chesterman, got investments from DMG Ventures, Stride VC, Octopus Ventures and Entree Capital. Read more: Zoopla founder Alex Chesterman drives away with £30m funding for used [...]
Petrol bombs and water cannon: Hong Kong protesters clash with police September 1, 2019 Police and protesters clashed again in Hong Kong over the weekend, exchanging tear gas and water cannon for petrol bombs and bricks, as the city continues to face a major crisis. Pro-democracy demonstrations continued in the city yesterday, as protesters congregated around the Chinese army’s outpost in Hong Kong. Read more: As protests raged, China [...]
Reabold boosted as it finds UK’s second-biggest gas field also contains oil August 29, 2019 Reabold Resources expanded the value of the UK’s biggest onshore hydrocarbon field this morning when it announced that it had found oil in what was previously thought to be a gas-only field. The Humberside-based field, which was announced in June as the largest onshore gas discovery since 1973, is around 70 per cent oil, and [...]
Saudi Aramco shuns London amid Brexit worries August 29, 2019 Saudi Arabia’s state oil giant Aramco is not leaning towards London for a potential listing, according to reports. The Wall Street Journal said the oil giant is going to split its listing into two parts. Read more: Saudi Aramco hires bankers for megalisting It will start by float on the Saudi stock exchange this year, [...]
Astrazeneca makes lupus breakthrough August 29, 2019 Astrazeneca today took a leap forward for lupus patients who have been waiting for decades for a breakthrough, bouncing back from disappointing results last year. The second round of phase three trials for anifrolumab, a new drug, showed positive results on lupus patients, the company said this morning. Read more: Astrazeneca gets boost as good [...]
Self-cleaning homes and air taxis: What London will look like in 2069 August 29, 2019 Londoners might have to abandon veganism in the next 50 years as insect burgers become the capital’s next street food craze, according to a report that predicts underground skyscrapers and aquatic roads will reshape our capital. Researchers have also predicted that we will be playing “Quidditch-style” aerial sports matches. Though what the Health and Safety [...]
Diamond in the rough: De Beers struggles to keep up with last years’ gem sales August 28, 2019 Diamond company De Beers increased sales in its seventh cycle of the year, but is still down on 2018, it said today. The company showed that it sold $280m (£229m) worth of diamonds over the cycle, one of ten such periods in a year. Read more: Diamond sales fall at De Beers after unusually strong [...]
Lenovo sued over patent infringement August 28, 2019 A US-based company is taking Chinese computer-maker Lenovo to court over allegations it infringed on a series of 4G patents. Interdigital has filed papers in Britain’s high court as it tries to protect four patents, the company said today. Read more: Vectura shares get a shot in the arm after drug maker wins GSK patent [...]
