Allied Minds doubles research spend as spin-offs take shape August 27, 2015 INNOVATION group Allied Minds yesterday said it doubled spending on research and development in the half-year period, as it unveiled “significant advancements” in its cluster of spin-out companies. The group, which counts former Bristol-Myers Squibb chief executive Peter Dolan (pictured) as chairman, spent $19.6m (£12.7m) on R&D for the six months to 30 June compared [...]
City Moves for 28 August 2015 | Who’s switching jobs August 27, 2015 Pen Underwriting Jonathan Turner has been appointed executive chairman at the UK underwriting business within the Arthur J Gallagher group. He was most recently at Brit Insurance, where his roles included active underwriter of its Syndicate 2987. Turner has also held roles at QBE International Insurance. Deutsche Bank Kinner Lakhani has been appointed co-head of [...]
Stocks rally as economy gains – New York Report August 27, 2015 US STOCKS rallied more than two per cent yesterday as strong US economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over. The Dow Jones industrial average scored its biggest two-day percentage gain since 2008, while the S&P 500 and Nasdaq Composite racked [...]
The shale gas revolution will be good for all of Britain – if we embrace it now August 27, 2015 The shale gas debate has been heating up over the past few weeks with two positive announcements from the government. Planning permission will be streamlined and new exploration licenses have been awarded, of which INEOS has won three to add to the 11 we already hold. Obviously, this is fantastic news for INEOS, [...]
China’s greatest crisis since the 1980s promises more dark days ahead August 27, 2015 With more than $5 trillion wiped off global stock markets since 11 August, “Black Monday” this week saw declines of historic proportions, driven by concerns over the Chinese economy. The People’s Bank of China (PBOC) has subsequently cut interest rates and eased lending rules for banks in a much-anticipated move to stem the market [...]
Ignore the immigration rhetoric: Record UK net migration is a cause for celebration August 27, 2015 Listen to the political rhetoric and one thing seems clear: immigration is bad, and we have way too much of it. Every time new migration figures are published, as happened yesterday, politicians call for draconian measures to be introduced to cut the numbers. And yet, with the government’s crude target to get net migration [...]
As new appointments are criticised, has the House of Lords become an embarrassment? August 27, 2015 Katie Ghose is chief executive of the Electoral Reform Society, says Yes We already have the largest chamber in the democratic world and yesterday’s expansion highlights why nobody else has a chamber like it. The growth in size – part of the never-ending arms race to pack the House of Lords with supporters – costs [...]
Us Open 2015: Andy Murray set for showdown with bad boy Nick Kyrgios August 27, 2015 Britain’s Andy Murray will begin his quest for a third grand slam title with an opening round clash against controversial Australian Nick Kyrgios at the US Open, which starts on Monday. World No37 Krygios was fined $10,000 earlier this month after making a lewd comment about French Open winner Stan Wawrinka’s girlfriend as the pair [...]
Rugby World Cup 2015: Danny Cipriani accepts England squad omission August 27, 2015 Omitted fly-half Danny Cipriani was magnanimous after being left out of England’s squad for the Rugby World Cup although admitted he would have liked more game-time to prove his worth. Cipriani was a replacement for both of England’s warm-up matches against France, and missed out on selection at full-back as well as his more accustomed [...]
Europa League: Koeman blames fortune after European return ends in failure August 27, 2015 Southampton boss Ronald Koeman rued his side’s luck after a 1-0 defeat to Danish champions Midtyjlland last night scuppered their hopes of reaching the Europa League group stages. Former Celtic striker Morten Rasmussen scored the decisive goal shortly before the half-hour mark with an angled drive following an error by striker Jay Rodriguez who was [...]
