AstraZeneca diabetes drug tanks in Covid-19 trial April 12, 2021 AstraZeneca has confirmed this morning that its late-stage coronavirus study results, testing whether its diabetes drug could treat Covid-19, has tanked. Its diabetes drug Farxiga was being tested to see if it could treat patients hospitalised with Covid-19 who were at risk of complications and death. The drugmaker said that Farxiga failed to achieve ‘statistical [...]
South West London homes grow in demand as end of lockdown nears April 12, 2021 High-end homes in South West London have grown in demand in the first quarter of this year, according to estate agent Benham and Reeves. As the end of lockdown nears, the leafy suburbs of the capital have seen a one per cent increase in interest by high-end homebuyers in the £2m and over range. “We’re [...]
More money into stocks in the past five months than the last 12 years, BofA says April 9, 2021 Investors have injected more money into equity funds in the last five months than over the last 12 years, according to Bank of America data. An eyewatering $576bn has been invested since December, over the peak of the GameStop surge, and topped the $452bn that had been raised over 12 years. The Bank of America’s [...]
Elon Musk claims Neuralink could ‘enable paraplegics to walk again’ April 9, 2021 Elon Musk has shared a video of a monkey using his Neuralink this morning, which showed it playing a video game with computer chips in its mind. Neuralink has begun developing an implanted, wireless brain-machine interface (BMI) which could aid people with paralysis to use their brain activity to operate computers. “First Neuralink product will [...]
Buy2Let Cars parent company under investigation by serious fraud watchdog April 9, 2021 The Serious Fraud Office (SFO) has launched an investigation this morning into the Buy2Let Cars parent company Raedex Consortium for an unauthorised customer investment scheme. The SFO, the National Crime Agency (NCA) and the City of London police searched two premises in connection to the scheme and arrested one person yesterday. The person was interviewed [...]
In-person conferences to return to the capital with fintech event April 8, 2021 In-person conferences are set to return in July with Fintech Week London, as lockdown restrictions ease after a socially starved year. “Virtual conferences have served us well during the pandemic, but there’s nothing like being around fellow professionals and immersing yourself in face-to-face conversations,” CEO of Fintech Week London, Raf De Kimpe, said. “The Covid-19 [...]
Venture capital trusts fundraised £685m last year in bid to support small businesses April 8, 2021 Venture capital trusts (VCTs) managed to bolster fundraising by 11 per cent last year, raising £685m in funds for small businesses. The fundraising, only six per cent below pre-pandemic levels, is set to give some companies some breathing room after a fiscally tough year. “It’s really positive that during the pandemic 11 per cent more [...]
Debenhams to reopen stores for final sale ahead of move to online April 8, 2021 Debenhams is set to reopen its stores next week to complete its final closing down sale, as the store moves online. The sale, on 12 April, forms part of the high street retailer’s final stock liquidation process and will continue until the stock is fully cleared. “This is the last chance for customers in England [...]
Brexit: EU online deliveries to UK have halved April 8, 2021 Online deliveries to the UK from Europe have plunged 50.7 per cent in the first quarter of 2021, according to e-commerce shipping platform Sendcloud. New shipping requirements and extra VAT costs have drastically cut EU to UK shipments compared to the final quarter of last year. The new data has stressed the delivery issues online [...]
Singled out: This year’s billionaire Brits April 7, 2021 Forbes released its highly anticipated billionaire list yesterday morning which has left regular folks pinching purse strings in hopes to add another zero to their bank accounts. The UK’s home-grown billionaires did not make it into the lucrative top 10, which was dominated by tech big dogs: Amazon’s founder Jeff Bezos, Tesla and SpaceX’s Elon [...]
