Andy Murray backed Castore scores £750m valuation September 4, 2022 Andy Murray backed clothing brand Castore has been valued £750m as the firm looks to compete with the likes of Nike and Adidas.
Japan’s ‘Big Four’ law firm Anderson Mori picks London for first European venture September 4, 2022 One of Japan’s biggest law firms, Anderson Mori & Tomotsune, has opened a new office in London, in its first venture outside of Asia. The launch of the ‘Big Four’ Japanese firm’s London office marks Anderson Mori’s first venture outside its home continent, after the firm opened its first international offices, in Beijing, in [...]
British tech firm Nanoco considers further Samsung lawsuits in UK and China September 4, 2022 Manchester-based Nanoco is considering further lawsuits in the UK and China as the battle with electronics giant Samsung continues to heat up. The London-listed firm argues that Samsung used its quantum dot technology in its QLED TV without Nanoco’s permission, claiming an infringement of copyright. US regulator the Patent Trial and Appeal Board ruled in [...]
Artificial Intelligence: UK’s Supreme Court to rule on letting robots patent inventions September 4, 2022 The UK’s highest court is set to decide whether artificial intelligence (AI) robots should be allowed to patent their own inventions. Britain’s Supreme Court has agreed to hear a computer scientist’s bid to list his AI machine as the sole inventor of two separate products, in an application to the UK’s patent office. The Supreme [...]
Thames Water calls for cash once again despite investor’s £1.5bn pay out September 4, 2022 Thames Water has started exploring plans to raise further capital, just months after shareholders agreed to pump £1.5bn into the company.
Shawbrook owners put plans to sell the challenger bank on ice September 4, 2022 The owners of Shawbrook Bank have reportedly shelved their plans to sell the lender. Private equity firms BC Partners and Pollen Street Capital were seeking bids of around £2bn for the challenger bank, which specialises in lending to small and medium-sized companies. The Financial Times reported, however, that the firms had failed to attract offers [...]
Shipping titan CMA CGM creates £1.3bn fund to accelerate net-zero September 4, 2022 Shipping titan CMA CGM has created a $1.5bn (£1.3bn) energy fund to accelerate its transition to net-zero. “In the face of the climate emergency it is our duty to do more and accelerate our actions,” said chief executive Rodolphe Saade. The five-year fund will support the industrial production of renewable fuels as well as low-emission [...]
Bain & Co to challenge UK government’s ban via judicial review September 4, 2022 Bain & Co is set to challenge the Cabinet Office’s decision to ban it from competing for government contracts, via a judicial review. The US consultancy has applied for a judicial review of the Cabinet Office’s decision last month to ban the firm from tendering for UK government work, the Financial Times reported. The UK [...]
OEUK: UK must double wind turbine installation rates to meet energy targets September 4, 2022 OEUK argues the Government will have to at least double the rate of offshore wind turbine installations to meet its energy security goals.
Senior Tory David Davis urges Truss to not pack cabinet only with loyalists September 4, 2022 Liz Truss must install a cabinet of people from across her party’s factions to avoid Boris Johnson’s mistakes in office, senior Tory MP David Davis has said. The former Conservative cabinet minister said he was “slightly worried” the presumptive next PM will not reunite the party after a bruising leadership contest and will instead pack [...]
