NHS watchdog to charge drug approval fees October 2, 2016 The NHS watchdog is drawing up plans to start charging companies fees to get new drugs approved. The National Institute for Health and Care Excellence (Nice) wants to introduce the fees next year that mean companies will be charged for assessing whether medicines offer value for money, a requirement before new drugs can be prescribed by [...]
Why would anyone choose a career in private equity anymore? October 2, 2016 Fear of risk is changing private equity for the worse, MVision chief executive Mounir Guen tells Billy Bambrough "Why would a brilliant young person go into private equity anymore?” asks private equity veteran and boss of industry advisory firm MVision, Mounir Guen, known almost exclusively by the nickname Moose. “Why not become a tech entrepreneur and [...]
Paranoid about androids: Brits fear AI October 2, 2016 Brits are increasingly fearful of the impact robots could have on our society in the future. New research reveals over half of UK adults (58 per cent) are worried about the impact of robots, with two fifths (41 per cent) believing robots will destroy humanity as we know it. The survey, commissioned by Sky, echos [...]
O2 IPO set to call on retail investors October 2, 2016 Mobile network O2 is planning on making millions of shares available to retail investors when it lists later this year. It’s hoped demand from O2’s 25m strong customer base will push up the stock market value of the company to around the £10.25bn that O2 owner Telefonica agreed to sell the business to Three owner [...]
Private equity giants eye bid for part of Priory hospitals empire October 2, 2016 Private equity giants, including former Phones4U owner BC Partners, are finalising bids for 19 hospitals being offloaded by US healthcare giant Acadia. The deal could raise as much as £300m for Acadia Healthcare, which bought the Priory hospital for £1.5bn in January. Acadia’s purchase of Priory – best known for treating celebrities including super model [...]
Euronext weighs bid for LSE Paris business LCH SA October 2, 2016 Euronext – the owner of the main Paris, Dutch, Portuguese and Belgian stock exchanges – is mulling a bid for the London Stock Exchange’s (LSE) Paris-based clearing house. It’s thought the LSE’s Paris business, called LCH SA, could be worth up to €500m (£386m). The London Stock Exchange wants to offload the business to ease [...]
Chemring shares are having a blast after Australian defence contract win September 29, 2016 Shares in troubled defence contractor Chemring leapt today after the company revealed it has signed an Australian contract for 18 million Australian dollars (£10.6m). Shares climbed by over five per cent on the back of the announcement. Under the terms of the deal FTSE 250-listed Chemring will supply the Australian Department of Defence with electronic surveillance systems, the company said. [...]
Before the bell: What you need to know before the US market open September 29, 2016 Oil has given up some of its gains after the first Opec deal to curb supply in eight years sent it higher last night and it's not just Deutsche Bank that's in trouble as Commerzbank announces nearly 10,000 jobs are set to go. Here's what you need to know before the US market open at 2:30pm [...]
Treasury committee chairman seeking assurances from high street bank bosses on IT health September 29, 2016 The chairman of the influential Treasury Select Committee (TSC) Andrew Tyrie has written to the chief executives of two of the UK's biggest banks over recent IT failures. City A.M. understands Tyrie will publish letters to the bosses of Royal Bank of Scotland and HSBC tomorrow morning. Tyrie has also written to the heads of the financial regulators the Financial Conduct [...]
Liam Fox has hinted at the end of EU customs union membership, promising the UK will lead the charge for free trade September 29, 2016 One of Theresa May's "Three Brexiteers" has today suggested the UK is set to exit the EU's customs union, vowing the country would lead the charge for free trade. International trade secretary Liam Fox, alongside foreign secretary Boris Johnson and Brexit secretary David Davis, is one of the most Eurosceptics in government, and he made the case for [...]
