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LoQus23 exits stealth with £11.5m seed funding
Cambridge has hatched a life science innovator dedicated to fighting neurodegeneration with novel technology. LoQus23 Therapeutics is discovering small molecule therapies that target aberrant DNA mismatch repair (MMR) to treat Huntington’s and other triplet repeat diseases (TRDs). The company has closed a £7 million extended seed round from Novartis Venture Fund (NVF) and its founding …
Business
Evening Standard
Atom Bank ‘becomes largest UK company’ to introduce four-day work week without loss of salary
A digital bank has become the UK’s largest employer to move to a four-day working week with no change in employees’ salary.Atom Bank, a challenger bank founded in 2013, introduced the 34-hour working week option spread over four days this month.The majority of the bank’s 430 staff have opted for the four-day week, as opposed …
Business
Sky News
Take COVID test before you go to ‘crowded’ places this Christmas, government says
The government is advising people to take a COVID-19 test before they spend time in “crowded and enclosed spaces” this winter.The Cabinet Office had previously advised people to take two lateral flow tests a week, especially if they have school-age children or are meeting clinically vulnerable people. Now the public is being told to take rapid lateral …
Business
Sky News
Online electricals retailer AO warns of ‘poor availability’ of some products due to supply crisis
Online electricals retailer AO World has warned of poor availability of some products and slashed its sales outlook due to supply chain problems.Products such as gaming consoles and mobile phones – which are newer territory for AO than its traditional staples such as washing machines and fridge-freezers – were more likely to be affected. Shares …
Business
Evening Standard
Entrepreneurs: The chef at Emilia’s Crafted Pasta following his heart to make pasta a healthy business
For the casual chef, pasta is a thing we can do ourselves. No professional needed. If we go out for a meal, pasta is not what we order – we can get that at home.Andrew Macleod is trying to change that with Emilia’s Crafted Pasta, restaurants in St Katharine Docks, Aldgate and a third coming …
Business
Sky News
AstraZeneca boss suggests UK’s reliance on Oxford jab has helped control COVID admissions
The chief executive of AstraZeneca (AZ) has told Sky News that the company’s decision to begin seeking a modest profit from its COVID vaccine is unlikely to kick in until next year.Pascal Soriot said this was because it still had many doses of the jab to supply that it had promised to do so at …
Business
Euro News
Facebook is not the only company building a metaverse. Here are the other companies rivalling Meta
Business
Sky News
Jerome Powell secures nod for second term as chair of US Federal Reserve
US president Joe Biden has nominated Jerome Powell for a second four-year term at the helm of the country’s central bank.The move ends speculation on whether he would put forward a Democrat, Lael Brainard, for the chairmanship of the Federal Reserve but a statement confirmed she was to be nominated for the vice-chair position instead. …
Business
Sky News
Holidaymakers urged to spend £132m of unspent COVID crisis credit notes
Consumers who received credit notes for package holidays cancelled since the start of the coronavirus pandemic are being urged to use them or risk losing financial protection.The Civil Aviation Authority (CAA) said on Monday that almost £132m worth of vouchers issued since the start of the COVID crisis in March last year remained unspent. All …
Business
Sky News
LV= boss defends Bain takeover as the ‘only deal that keeps us going’
The chief executive of the mutual life company LV= has used an interview with Sky News to describe its controversial takeover by US private equity firm Bain Capital as “the only deal that keeps us going”.Mark Hartigan defended its approach as the life and pensions business stepped up its efforts to win over doubters among …
Business
Sky News
Energy firm Bulb on brink of collapse amid government talks with creditor
Bulb, Britain’s seventh-biggest energy supplier, is facing collapse within days amid eleventh-hour talks between the government and the company’s biggest secured creditor.Sky News has learnt that the company, which launched in 2015 and has amassed 1.7 million customers, is expected to appoint insolvency practitioners imminently. The precise timing remained unclear on Monday because of the …
Business
Business Live
Engineering investment keeps rail maintenance firm on track for growth as key industry partner
Rail industry maintenance specialist CWE Ltd has expanded its engineering capabilities with a major investment. The northern Lincolnshire firm has added a new hydraulic buffer cell to its operations, in doing so creating one of the most efficient end-to-end rolling stock refurbishment services in the country. The Crowle-based company will be able to deal with …

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