How AI is transforming drug discovery May 25, 2021 12 June 2007 marked a day in history that grow in significance in the coming decades. On that day a robot named ‘Adam’ ended the monopoly of humans over the discovery of scientific knowledge by identifying the function of a yeast gene. By searching through public databases, Adam generated hypotheses about the genetic codes for [...]
English mass event trials only led to 15 Covid cases out of 58,000 people May 25, 2021 England’s collection of mass event trials have been deemed a “real success”, with only 15 positive Covid cases out of 58,000 people. Culture secretary Oliver Dowden said the results showed “we’re making good progress along the line to bring the West End back to life again”. The government put on a series of indoor events [...]
Revolution Bars to raise £21m through share placing May 25, 2021 Revolution Bars this evening said that it would raise £21m through a share placing in order to reduce its debt pile. The hospitality firm, which operates 66 venues, said that the proceeds would position the company for further growth when bars are allowed to open normally again. In a statement, it said that £20m will [...]
London markets dip as stronger pound limits gains and Amigo sinks May 25, 2021 The FTSE 100 slipped today as a stronger pound weighed on large dollar-earning consumer staples companies. Wall Street followed suit, sliding after the open despite a strong rebound in tech stocks yesterday. London’s blue-chip index dipped 0.2 per cent over the day, with delivery firm Just Eat Takeaway leading the way with a 4.4 per [...]
Dominic Cummings to say PM said ‘Covid is only killing 80-year-olds’ to delay lockdown May 25, 2021 Dominic Cummings will tomorrow tell a joint parliamentary committee that Boris Johnson justified delaying a second lockdown last autumn by saying “Covid is only killing 80-year-olds”. The Prime Minister’s former aide will reportedly tell the meeting that Johnson said last September that he would not repeat March’s lockdown and that he said: “I’m going to [...]
Martin Gilbert: UK good place to invest but global scene reminds me of 1999 May 25, 2021 City grandee Martin Gilbert has warned global stock markets remind him of 1999 – when the dot.com bubble burst in spectacular fashion. The founder of Aberdeen Asset Management and now Revolut chair said during a panel discussion that active rather than passive investing would come to the fore over the coming years. “When we eventually [...]
Put-in the diary: Biden to meet Russian President in June May 25, 2021 Joe Biden and Vladimir Putin will meet in Geneva for face-to-face talks next month. The meeting will be the first since Biden took the Presidency in January 2021. The White House said the conversation would touch on “the full range of pressing issues,” with relations between the two sour. Biden’s predecessor Donald Trump had a [...]
Adios, Amigo? Sub-prime lender shares collapse in half after court blow May 25, 2021 Subprime lender Amigo Loans has suffered a major blow after a High Court judge knocked down plans to cap compensation payments for historic complaints. A High Court judge ruled in favour of the Financial Conduct Authority who argued that the scheme would place a “disproportionate burden on customers, as opposed to shareholders and bondholders.” The [...]
Covid-19: Government warns against travel to or from Indian variant hotspot Hounslow May 25, 2021 Covid-19: Government warns against travel to or from Indian variant hotspot Hounslow
Tool hire services Speedy sheds half of debt ahead of B&Q trial May 25, 2021 Equipment and tool hire services Speedy reported strong net debt levels this morning, as the company revealed it shed £46.1m in debt over the pandemic and saw its dividends double. Despite revenue falling 10.6 per cent to £363.6m, in the year ended 31 March 2021, Speedy enjoyed a sturdy start to 2021’s financial year with [...]
