Big Pharma: How much will companies make off their Covid vaccines this year? April 7, 2021 There’s money to be made in vaccines. Before the pandemic, US pharmaceutical firm Moderna had never made a profit and employed just 830 staff. This morning, its $30-a-dose Covid vaccine was administered to the first patient in the UK, after widespread distribution across the States. On the same day, Stéphane Bancel, the French chief executive [...]
Pod Point hires Bank of America to help with float plan – report April 7, 2021 Electric vehicle charging firm Pod Point has reportedly brought on Bank of America to work on a potential stock market float. According to Sky News, the firm could go public at some point this year, with Bank of America working together with Barclays on the deal. Pod Point is majority owned by French energy giant [...]
City Moves: Who’s switching jobs in the Square Mile this week? April 7, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Tharsus adds former CEO of Dyson to its board Robotics company Tharsus has appointed former Dyson CEO to its board as a non-executive director this week. Martin McCourt, whose career spans four decades, [...]
Barclays condemns climate activists’ protest following smashed windows in Canary Wharf April 7, 2021 Barclays has responded to the protests outside their London headquarters this morning, urging Extinction Rebellion to halt any “criminal damage to our facilities and [putting] people’s safety at risk.” Climate change protestors broke windows at the London headquarters of Barclays in Canary Wharf earlier earlier this morning. The activists from the Extinction Rebellion group reportedly [...]
Car sales pick up in March as market shows signs of life April 6, 2021 Car sales rose 11.5 per cent in March as the UK market began to show signs of life after a dire year for the automotive industry. According to data from the Society from Motor Manufacturers and Traders (SMMT), sales remain around 37 per cent below the monthly average for March between 2010-2019. The third month [...]
UK battery firm Britishvolt eyes US SPAC deal April 1, 2021 Britishvolt, the developer of a giant battery factory in the UK, is considering going public and eyeing options in the US. The company has appointed Barclays and Guggenheim Capital to explore an IPO which could include a merger with a special acquisition purpose company. SPACs are the latest phenomenon to grip global equity markets with [...]
Monzo finance chief leaves for crypto platform Luno April 1, 2021 Monzo’s chief financial officer is the latest top-level executive to leave the digital bank after just two years with the challenger bank. Alwyn Jones, who joined Monzo in September 2018 from Barclays, will join cryptocurrency firm Luno as CFO as cryptocurrency gains traction among top financiers. Luno is a leading crypto exchange launched in 2013 [...]
Crypto firm Luno appoints new CFO March 31, 2021 Leading global cryptocurrency operation Luno has appointed banking veteran Alwyn Jones as Chief Financial Officer.
City Moves: Who is switching jobs in the Square Mile this week? March 31, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Covatic appoints ex-BBC strategy head London-based start-up tech company Covatic has hired an ex-BBC veteran as its chief product officer. Daniel Pike joins the company, which aims to improve in-app consumer engagement, at [...]
TED climate summit to take place in Edinburgh ahead of COP26 March 31, 2021 Politicians and scientists from around the world will gather in Edinburgh later this year for a four-day TED summit to discuss solutions to climate change. The Countdown Summit aims to build a better future by cutting greenhouse gas emissions in half by 2030 and work towards reaching net-zero by 2050. TED and Future Stewards launched [...]