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 [...]
John Lewis seals £500m deal with Abrdn to enter rental property market December 2, 2022 John Lewis has signed a £500m deal with investment giant Abrdn to enter the rental property market. The agreement announced today will see the High Street titan deliver a thousands new homes a year, with a view to having built 10,000 in the next decade. In a bid to diversify and move away from dependency [...]
Asos interim chief financial officer steps down December 2, 2022 Asos is set to continue its search for a new finance boss, after its interim chief financial officer (CFO) announced her exit today. Katy Mecklenburgh, who will leave the online retailer in around six months, is set to join London-listed IT group Softcat in 2023. The outgoing interim chief had only held the role since [...]
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. [...]
Labour inflicts first defeat on Rishi Sunak holding Chester in by-election December 2, 2022 Labour has inflicted the first defeat on Tory prime minister Rishi Sunak, winning the Chester by-election. Samantha Dixon took the seat with a majority of 10,974, a swing of 14 per cent on the Tory vote. Turnout was disappointingly low however at just 41 per cent. The by-election was triggered after former Labour MP Christian Matheson [...]
Utilita boss fears Big Six advantage as he slams Ofgem reforms December 2, 2022 Ofgem risks stifling innovation and preventing energy firms from finding a pathway to profit, warned the boss of Utilita Energy.
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 [...]
Only clear thinking will put the UK’s scientific agenda on the right track December 2, 2022 Money is short. Across the board, government departments are under extreme pressure to spend less, and the new Business Secretary, Grant Shapps, finds himself in a difficult situation. In recent months his department has been bombarded with requests for funding from a range of industrial companies, most of which can make a plausible case for [...]
This Saturday is a chance to support the small businesses livening up our streets December 2, 2022 As fewer lights twinkle on Britain’s high streets, and individuals tighten their belts anticipating tough times ahead, small businesses are unsurprisingly fearful of what winter will bring. It’s not the backdrop we’d hope for to mark a decade of Small Business Saturday tomorrow, but it underlines the ongoing importance of supporting the UK’s 5.5 million [...]
Britain could be getting high on the benefits of a full-scale medical cannabis industry December 2, 2022 One in five of the world’s best-selling prescription drugs are developed in Britain. And, with the legalisation of medical cannabis in 2018, the UK has an opportunity to capitalise on a new market. But while the regulatory framework is being developed, and patient studies are underway, there is a significant way to go to deliver [...]
