Pfizer begins early-stage study on Covid-19 and flu combo vaccine November 3, 2022 Pharmaceutical giant Pfizer has begun an early-stage study of a combined vaccine tackling Covid-19 and the flu. The first patient in the phase one study was given a dose of the vaccine this week. The study will see 180 people aged between 18 and 64 recruited in the US to look at the jab’s safety [...]
Fiat carmaker Stellantis enjoys boost to revenue as chip shortage eases November 3, 2022 Stellantis, the carmaker behind Fiat and Peugeot, has enjoyed a boost to revenue in the past few months as a shortage of computer chips crucial to tech-assisted cars eases. Revenues rose by nearly a third to €42.1bn (£36.4bn) in the three months to September. The group’s sales of battery electric vehicles jumped more than 40 [...]
Simpson’s Tavern: Crowdfunder to save City favourite passes £30K as local efforts stepped up November 3, 2022 A crowdfunding campaign to save the historic Simpson’s Tavern has passed £30,000 in just two days. Simpson’s, which has sat off Cornhill since 1757 and become a City institution, has been served a winding up petition as a result of rent arrears accrued during the pandemic, announced on Tuesday. On Thursday, the fundraiser reached £20,000 [...]
BlackRock aims for shareholder ‘revolution’ with greater voting powers November 3, 2022 BlackRock chief Larry Fink said the firm was looking to usher in a “revolution in shareholder democracy” today as it grants greater powers to its clients to hold boards to account in investor meetings.
Peloton keeps tumbling as it warns for Christmas slump November 3, 2022 Peloton has forecast second-quarter revenue below Wall Street estimates as the company continues its two year tumble from grace as the leading stay-at-home stock. The exercise bike maker said it expects current-quarter revenue between $700m and $725m, down from analysts’ estimates of $874m, according to Refinitiv data. In a shareholder letter this morning, the company [...]
UK government is shifting its attitude over crypto – Westminster is backing this horse! November 3, 2022 There's growing movement in both the Houses of Commons and Lords that is slowly but surely embracing a future with cryptocurrency.
Former Cabinet Ministers urge Jeremy Hunt to ‘unshackle’ the UK’s digital economy November 3, 2022 A cross-party letter has been handed to Jeremy Hunt urging the government to change legislation that would 'unshackle' the country's digital economy.
UK will not move Israel embassy from Tel Aviv to Jerusalem November 3, 2022 The UK will not move the British embassy in Israel from Tel Aviv to Jerusalem, after a review launched by ex-Prime Minister Liz Truss. A spokesperson for Prime Minister Rishi Sunak today said “it was looked at and I can confirm there are no plans to move” the embassy. Number 10 was unsure whether the [...]
Glencore told to pay £281m over international bribery scandal November 3, 2022 A London judge today told a UK subsidiary of Glencore to pay a total sum of £281m over an international bribery scandal that saw its staff pay almost $29m (£25.6m) in bribes to officials in Africa. At a sentencing hearing today, Judge Peter Fraser said a “culture” of bribery was “endemic” within Glencore’s West Africa [...]
Gas prices climb amid renewed concerns of winter shortages November 3, 2022 Gas prices spiked this morning, with capacity reductions at gas fields in Norway powering the latest uptick in spot prices.
