Faith in UK housing market to be restored in new year with M&A on the horizon December 5, 2022 Faith in the UK’s housing market is expected to be slightly restored in the new year, as mortgage rates slow their climb and cancellation rates cool. A rise in mergers and acquisitions (M&A) within the sector may also be on the horizon, according to research at brokerage Jefferies. In a note today, researchers said they [...]
Avon Protection sells off US facility as it winds down armour-making business December 5, 2022 Avon Protection, which makes military and police gear, has sold off a US-based manufacturing facility as the British company winds down its armour-making business. The deal with CoorsTek, Inc., a manufacturer of advanced ceramics materials for the aerospace and defence industries, is expected to wrap up in the second half of next year. Bruce [...]
GSK makes headway with two cancer drugs after double-barrelled setback last month December 2, 2022 GlaxoSmithKline (GSK) is making “significant” headway with two of its cancer drugs, following a double-barrelled setback in its oncology efforts last month. The British pharmaceutical giant’s bone marrow cancer treatment Momelotinib this morning received marketing approval from the European Medicines Agency, following an application to the FDA in the US in August. If approved by [...]
Wizz Air pandemic turnaround well underway as passenger numbers fly December 2, 2022 Wizz Air’s pandemic turnaround is well underway, with passenger numbers increasing soaring in the past year. The European carrier carried 3.6 million passengers in November, representing a 70 per cent increase compared to November 2021. In the past 12-months, Wizz Air has carried 44.1 million travellers – a rise of more than 120 per cent. [...]
City Moves: Who’s switching jobs in the Square Mile this week? December 2, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Heathrow Express Heathrow Express has appointed a new director and business lead, who rejoins after a three-year hiatus. Daniel Edwards previously led the Heathrow VIP commercial team before becoming head of retail categories. Edwards, who launched its [...]
China hints at easing ‘zero-Covid’ approach following widespread protests December 1, 2022 China’s stance to Covid-19 is at a crossroad, following mass protests against its zero-tolerance approach to cases of the virus. One of the country’s most senior pandemic response officials said last night that China is entering a “new stage and mission”. According to state media, Sun Chunlan, China’s vice premier, said: “With the decreasing pathogenicity [...]
Elon Musk’s brain chip company to start trials in humans in next six months December 1, 2022 Elon Musk’s ambitious brain chip company Neuralink is hoping to begin human trials in the next six months. Neuralink had initially planned to start trials in human brains later this year, but Musk announced today that that plan has been pushed back into 2023. “We are now confident that the Neuralink device is ready for [...]
UK sets aside £9.2m to train Brits to make homes more energy efficient December 1, 2022 The UK government has set aside £9.2m to train Brits to make homes more energy efficient. Nearly 9,000 training free or heavily subsidised courses are set to be run across England for heat pump and energy efficiency installers, the government announced today. The global housing sector produces around 40 per cent of the world’s emissions. [...]
Citi and Morgan Stanley cut price targets for GSK following weeks of setbacks December 1, 2022 GlaxoSmithKline (GSK) has rattled the faith of two of the world’s biggest banks, which cut their share price forecasts for the British pharmaceutical giant this week. The London-listed pharma firm faced a double-barrelled setback to its oncology efforts in November, which has put banks and investors on more cautious footing. Citigroup earlier today slashed [...]
Poor public health is weighing heavily on British economy, say doctors December 1, 2022 The poor health of the British public is weighing heavily on the economy as the country dives into a recession. Around 400,000 Brits are currently out of work due to long-term sickness, according to the latest from the Office for National Statistics. Next year, Britain will become the only developed country with fewer people in [...]
