Bayer leads $25m investment round for healthcare start-up Medopad November 5, 2019 Digital healthcare start-up Medopad has earned $25m in an investment round led by Leaps by Bayer, the German pharmaceutical multinational’s venture capital arm. The investment, which brings Medopad’s total funding to over $50m, will be used to help develop the company’s digital health platform and to fund new clinical studies. Read more: Investment bank in [...]
No time to say goodbye? Four-fifths of entrepreneurs stay involved after selling their firms November 5, 2019 Entrepreneurs never really let go of their businesses – not even when they have sold them on. New research from private bankers Arbuthnot Latham has found that 83 per cent of entrepreneurs remain connected to their firms in some way after selling, most often as advisors or non-executive directors. Read more: Start-ups are seeking more [...]
US court orders Donald Trump to hand over tax returns November 4, 2019 A US appeals court has ruled that President Donald Trump’s accountants must hand over eight years worth of tax returns to New York prosecutors. The decision is a blow to Trump, who has been repeatedly resisted calls by political opponents to publish his financial records. Read more: Nancy Pelosi expects Donald Trump impeachment hearings to [...]
EDF Energy purchases electric vehicle charging start-up Pivot Power November 4, 2019 French energy giant EDF Energy has bought UK electric vehicle charging and battery storage start-up Pivot Power as it continues its push into the renewables sector. The move will allow state-owned EDF, which is already the biggest low carbon electricity producer in the UK, to push into the battery storage market. Read more: EDF Energy [...]
Anglo Pacific on track for record year of revenue November 4, 2019 UK-based miner Anglo Pacific said that it was on for another record year of revenue, as increases in volumes underpinning the company’s royalties offset lower commodity prices. Over the first nine months of the year the company enjoyed a 40 per cent increase in portfolio contribution, growing to £46m from £33.1m in the same period [...]
Fracking firms see shares crash after government calls halt November 4, 2019 Shares in the UK’s fracking companies plummeted this morning, after the government announced a moratorium on the controversial extractive technique over the weekend. Shares in Australian firm AJ Lucas, which owns a 47.4 per cent stake in leading exploratory company Cuadrilla, fell 24 per cent. Read more: Government bans fracking “with immediate effect” London-listed IGas, [...]
Saudi Aramco earnings drop $15bn as IPO gets underway November 4, 2019 Saudi Aramco’s income fell by over $15bn (£11.6bn) year-on-year, the company announced this morning, just a day after the oil giant’s long-awaited initial public offering (IPO) got underway. Results for the first nine months of 2019 showed that income slipped from $83.3bn in 2018 to $68.2bn this year, with revenues down from $233.3bn to $217.1bn. [...]
Christmas can come too early – or at least the adverts can November 3, 2019 It’s just days since Halloween, but the Christmas advert season is well and truly upon us already. But not everyone is feeling festive yet. Market researcher Kantar Group has revealed that 67 per cent of shoppers think the adverts are too early. Read more: Toxic Tube a health hazard for commuters On the other hand, [...]
Toxic Tube a health hazard for commuters November 3, 2019 Commuters on the London Underground inhale on average tens of millions of toxic particles a minute, including iron dust, clothing fragments and their fellow passenger’s dead skin cells. The Sunday Times has revealed that the Tube has some of the most polluted air in Britain, with levels of toxicity 18 times higher than on surface [...]
Labour to spend £60bn on household energy programme November 3, 2019 The Labour party this morning announced a £60bn programme of housing improvements designed to cut carbon emissions 10 per cent by 2030. The initiative, which is the largest upgrade of UK households since the post-war reconstruction, will create 450,000 jobs by installing energy saving measures in almost all of the UK’s 27m homes. Read more: [...]
