Sir Martin Sorrell’s venture fund backs US digital asset management firm November 21, 2022 A venture capital fund backed by Sir Martin Sorrell revealed its first public investment in a US digital asset management platform this morning. In a statement, S4S Ventures announced that it had co-led a $10m Series B investment round alongside Bertelsmann’s BDMI for Tenovos, a New York based software-as-a-service provider. Tenovos helps clients streamline and [...]
Virgin Atlantic: Supporting Heathrow’s expansion ‘difficult’ unless quality service provided November 21, 2022 Supporting Heathrow’s expansion will be difficult until the west London hub can provide a quality service to airlines and passengers, according to Virgin Atlantic’s boss Shai Weiss. The airport’s expansion plans – which include building a third runway – were backed by former Prime Minister Liz Truss as well as then-transport secretary Anne-Marie Trevelyan. “[The [...]
Bitcoin tumbles below £13,500 as FTX turmoil continues November 21, 2022 Bitcoin has plunged below $16,000 (£13, 566) dollars today as investors flee to steadier ground amid turmoil sparked by the collapse of crypto exchange FTX.
Merck inks £1.1bn deal for cancer drug developer Imago November 21, 2022 American pharmaceutical giant Merck has today inked a $1.35bn (£1.14bn) deal for cancer drug developer Imago BioSciences. The offer of $36 (£30.4bn) a share represents a nearly 107 per cent premium on the company’s last closing price. The deal is intended to bolster Merck’s portfolio of blood disorder treatments, with onlookers expecting the company’s blockbuster [...]
National Grid: Is it ready for the green revolution? November 21, 2022 National Grid faces vast challenges to ensure the UK's energy network is ready for a vast influx of renewable power, writes Nicholas Earl.
Molten Ventures slumps to first half loss as tech downturn hits November 21, 2022 Listed venture capital investor Molten Ventures has slumped to a loss in the first half of its financial year after its tech investments were battered by a downturn on the markets.
Flip flopping over tax hikes and spending cuts a ‘bruising episode’ for UK November 21, 2022 Flip flopping on UK economic policy has been “a bruising episode” for the country over the past few months, a top City economist said today. The huge swing in tax and spending decisions between former chancellor Kwasi Kwarteng and the current number 11 incumbent Jeremy Hunt has damaged the country’s financial credibility, according to Neil Shearing, [...]
These Are The Companies Offering Perks To Offset Cost Of Living Crisis November 21, 2022 It is no secret that it has been a tough year for workers. The cost of living looks set to get worse as rising prices for groceries and basic services, along with the huge cost of energy are biting deeply into disposable income. The Office of National Statistics (ONS) assessed web-scraped supermarket data for 30 [...]
Centralised exchanges see record Bitcoin outflows as FTX contagion spreads November 21, 2022 CryptoCompare's Francisco Memoria looks over the last seven days in cryptocurrency to see what's driving the markets.
London businesses gather to celebrate six months of Elizabeth line November 21, 2022 London businesses have gathered to celebrate the Elizabeth line’s impact on the capital almost six months after its opening. Data published by Transport for London (TfL) showed that almost 70 million trips have been made on the line since 24 May. “In just six short months we’ve seen more than 60 million journeys along the [...]
