London’s Oxford Cannabinoid Technologies to launch twin US listing December 1, 2021 London-listed Oxford Cannabinoid Technologies (OCTP) is set to open a twin listing in the US to ensure investors have “easier access”. Investors were seemingly pleased with the move, as OCTP’s share price surged 17.9 per cent by mid-afternoon. Landing on the US’ OTC Equity Market under the ticker OCTHF, the cannabinoid pharmaceutical firm said that [...]
Drax to double biomass sales and capacity by 2030 as world pivots away from coal December 1, 2021 Power generation giant Drax is looking to double its biomass sales and capacity by 2030, as the world attempts to pivot away from coal. Shares jumped more than 10 per cent to 605.5p per share by mid-afternoon. The goal will see Drax turn the UK’s largest renewable power station into what it says will be [...]
European Commission to inject €300bn into global infrastructure December 1, 2021 The European Commission is set to inject €300bn into global infrastructure, which is expected to create around 38m jobs in the process. The hefty investment scheme, known as Global Gateway, is also intended to bolster trade to the European Union (EU), strengthen supply chains and tackle climate change. The projects that will receive fiscal boosts [...]
World Health Organisation seeks to forge global pact to tackle future pandemics December 1, 2021 The World Health Organisation (WHO) has agreed a plan to launch a global pact on preventing and controlling future pandemics. The global health body intends to launch negotiations soon, with the deal expected to be ready by May 2024. The first stage of talks are expected to be held by the beginning of March next [...]
City Moves: Who’s switching jobs in the Square Mile today? December 1, 2021 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. Two Magnolias UK-focused venture capital investor Two Magnolias has posted the former UK head and European president of BP to its board. Peter Mather, who will chair the board, will help Two Magnolias close its new £50m sustainability [...]
Christmas travel: Brits able to fly into Geneva before sloping off to France November 30, 2021 Brits will be able to fly into Geneva for their Christmas ski trips before travelling on to France, Switzerland advised travel firms today. Travellers leaving from Britain will be exempt from the 10-day quarantine, which was imposed late on Saturday amid Omicron concerns, provided incoming Brits are headed straight for the border. Skiworld marketing director [...]
‘Don’t freak out’: Vaccine bosses attempt to diffuse Omicron-induced jab fears November 30, 2021 Vaccine leaders have rushed to put out the fires of Moderna CEO’s jab cautions, urging the world: “Don’t freak out”. Pharmaceutical heavyweights have been gathering data on the latest Covid-19 variant Omicron, as concerns swell that a tailor-made vaccine may be necessary. AstraZeneca is already researching locations where the variant has been identified, namely in [...]
Uber pulls out of Hong Kong after battling for portion of delivery market November 30, 2021 Uber is set to pull out of Hong Kong after its food delivery business failed to dig into a sizeable portion of the market. The delivery giant will exit the city state after five years at the end of December, declaring it a “difficult decision” in an online statement today. Uber will not leave the [...]
Priti Patel meets with Albanian officials weeks after refugee re-routing rumours November 30, 2021 Home secretary Priti Patel met with Albanian officials yesterday, following reports that the UK and Albania were in talks over re-routing refugees earlier this month. Deputy prime minister Dominic Raab confirmed just weeks ago that the government is looking at ways to process asylum seekers abroad, in a bid to halt treacherous Channel crossings in [...]
City Moves: Who’s switching jobs in the Square Mile today? November 30, 2021 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. KPMG KPMG has posted a new partner to its financial services technology practice, who moves from technology and consulting giant IBM. The former chief technology officer for IBM’s financial services offering, Bharat Bhushan, joins the Big Four [...]
