Police prepare for new wave of Just Stop Oil disruption in run up to Christmas November 28, 2022 The Met Police are preparing for a month of disruption from Just Stop Oil in the run up to Christmas. The force said the environmental campaign group will launching a new wave of protests from 28 November until 14 December. This comes after more than 750 activists were arrested in October and November, with over [...]
Demand for London offices unphased by remote work and downward economic trends November 28, 2022 Demand for office space in central London has held firm despite the ongoing work-from-home trend and economic downturn risking upending the capital’s market. Uptake of central London offices surged 63 per cent in the first nine months of this year, in comparison with 2021, according to data shared exclusively with City A.M. today by BNP [...]
Drug developer C4X shares fly after signing £330m AstraZeneca licensing deal November 28, 2022 Drug developer C4X Discovery has signed an exclusive licensing agreement worth up to $402m (£334m) with pharma giant AstraZeneca to develop oral therapy to treat inflammatory diseases. London-listed C4XD’s shares have rocketed this morning, up nearly 40 per cent to 28.5p so far. As part of the deal, C4XD will receive pre-clinical milestone payments worth up [...]
PensionBee announces over £3bn assets under administration November 28, 2022 PensionBee has announced there are over £3bn assets under administration as of this month. The online pension provider said despite the macroeconomic volatility, it has been able to reach this “milestone” through high customer retention and strong net inflows. “The ongoing growth in our Assets under Administration results from our commitment to delivering outstanding customer [...]
Software firm RM to sell Integris and Finance Business arms for £16m November 28, 2022 Education sector tech firm RM has announced the sale of its RM Integris and RM Finance Business software businesses for £16m. The London-listed firm said an initial consideration of £12m in cash would be paid on completion, adjusted to reflect a normalised working capital position of the two firms. Proceeds from the sale will go [...]
Inspiration Healthcare warns investors of hit to sales over China lockdowns November 28, 2022 Inspiration Healthcare has warned shareholders that sales will not exceed last year’s levels because of ongoing Covid-19 restrictions in China. The company’s China-based distributor has been significantly disrupted by the tough pandemic measures, which has curbed its “access to major customers”, the company said in a statement today. “As a result of this continued uncertainty, [...]
Cerillion posts record revenue as it cashes in on surging 5G boom November 28, 2022 Software giant Cerillion posts record revenue as demand for continues to surge thanks to a 5G boom and digitisation. The British firm said revenue climbed 26 per cent to a record £32.7m, driven by major new customer implementations and strong demand from existing customers Back-order book reached a new high of £45.4m at the year-end [...]
I’m A Celeb: Matt Hancock finishes third as Lioness Jill Scott crowned Queen of Jungle November 28, 2022 Matt Hancock finished third in the ITV reality show I’m a Celebrity Get Me Out Of Here, as Lioness Jill Scott was crowned Queen of the Jungle. The MP, who lost the Conservative whip upon entering the Australian rainforest, was kept in the competition until the end, but proved not to be the winner. The [...]
Superdry confirms £70m loan talks with Bantry Bay ahead of repaying debts November 28, 2022 Fashion retailer Superdry has confirmed weekend reports that it is requesting £70m from London hedge fund Bantry Bay. Superdry is set to pay its debts early next year and has sought a new asset-backed lending facility before its January deadline. “Superdry plc acknowledges recent press speculation about its previously announced refinancing process and confirms that [...]
Sizewell C is not enough to meet UK energy ambitions, warns nuclear boss November 28, 2022 The Government needs to approve more projects to boost the role of nuclear power in the UK's energy mix, warned NIA boss Tom Greatrex.
