GlaxoSmithKline clinches cancer specialist Sierra Oncology in $1.9bn deal April 13, 2022 Healthcare giant GSK has snapped up Sierra Oncology, a late-stage biopharmaceutical company focused on rare forms of cancer treatments.
Housebuilders agree to pay £5bn bill to fix unsafe homes April 13, 2022 Housebuilders have agreed to contribute £5bn to address unsafe homes, the government has announced. Developers will contribute at least £2bn to fix building safety defects, such as dangerous cladding, on their own buildings from the past three decades. Some £3bn will also be paid by the industry through an expansion to the Building Safety Levy, [...]
PZ Cussons boss: ‘Most challenging external environment many of us have seen’ April 13, 2022 Imperial Leather owner PZ Cussons has seen revenue growth boosted in the third quarter, despite Brits buying less hand sanitiser now. In a trading update on Wednesday morning, the personal healthcare giant said its third quarter like-for-like revenue growth was 8.5 per cent. The FTSE 250 firm, which owns brands including Carex and St Tropez, [...]
Renewables generated more power than gas and coal amid record wind turbine performance April 13, 2022 Renewables provided more power over the first three months of the year than gas and coal, according market specialist EnAppSys.
Octopus Energy snaps up heat pump manufacturer as part of ambitious production plans April 13, 2022 Octopus has taken a controlling interest in Northern Irish firm RED, as it looks to boost its presence in the heat pump market.
Biden accuses Russia of ‘genocide’ as Zelensky mocks Kremlin’s ‘noble’ war April 13, 2022 President Joe Biden has accused Vladimir Putin and Russia of committing genocide in Ukraine. This comes amid claims Russia has deliberately targeted civilians and has used chemical weapons. The Kremlin has also been accused of committing massacres in towns such as Bucha and Irpin. The President said he would use the label genocide “because it [...]
Ted Baker: US private equity firm Sycamore will join formal sales process for fashion chain April 13, 2022 Ted Baker has given confirmation that New York-based suitor Sycamore will take part in a formal sales process. The retailer had previously rejected a number of bids from the US private equity firm, claiming their proposals had significantly undervalued the high street fashion chain. The announcement does not mean that Sycamore will certainly throw its [...]
Tesco profit surges but bosses warn of sky-high inflation side effects April 13, 2022 Tesco has rebounded from the pandemic with a 65 per cent boost in operating profit, climbing to £2.56bn for the full-year.
Inflation reaches 7 per cent as Brits fear cost of living crisis April 13, 2022 The Consumer Prices Index (CPI) rose seven per cent in the year to March, with Brits braced for sky-high price hikes across essential bills this spring. According to figures published by the Office for National Statistics (ONS) today, the largest contributions to the increase came from motor fuels, with no large offsetting downward contributions. The [...]
City Moves: Who’s switching jobs in the Square Mile? April 13, 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. LHV UK Fintech and crypto banking services provider LHV UK has bolstered its board with an independent non-executive director. Stepping onto the board at the beginning of May, Keith Butcher joins the City based firm with a raft [...]
