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Evening Standard
City analysts come out in support of Glaxo plan
A growing number of City analysts have come out in support of GlaxoSmithKline’s restructuring plan under chief executive Emma Walmsley despite the efforts of activist investor Elliott to stir up shareholders.Brokers Morgan Stanley, Liberum, Jefferies and Berenberg issued research notes broadly supportive of the strategy which will split off the consumer arm and focus “new” …
Business
Sky News
Number of UK adults with cryptoassets like Bitcoin rises to 2.3 million
An estimated 2.3 million UK adults now hold cryptoassets such as Bitcoin – despite warnings of the risks involved – according to the City watchdog.The figure from the Financial Conduct Authority (FCA) represents a rise of 400,000 since last year. It is based on a survey of more than 2,000 people taken in January which …
Business
Business Weekly
Stansted power duo take legal action against Government traffic light ‘shambles’
Stansted Airport owner MAG and the Essex hub’s biggest airline Ryanair have launched a legal challenge calling for transparency in the Government’s handling of its traffic light travel system. The move is backed by a number of other major UK airlines. The aviation businesses say the Government has not been clear about how it has …
Business
Business Weekly
Apollo among the ‘gods’ with $145m raise to grow Cambridge and Boston
Portfolio-based biopharma venture Apollo Therapeutics is expanding its Cambridge UK and Boston US operations after raising $145 million growth capital. The proceeds will support rapid advancement of Apollo’s pipeline with more than 15 therapeutic programs currently in development across oncology, major inflammatory disorders and rare disease. The cash will also underpin new global collaborations with …
Business
Business Weekly
Grafton Centre for sale: Ideal for lab space, says Savills
The Grafton Centre in Cambridge has gone up for sale with opportunities to redevelop a site spanning 12 acres into a world-class life science, office, educational, hotel and experiential destination in the heart of the city. Savills has put the property on the market on behalf of L&G but has declined to share the guide …
Business
Sky News
BrewDog boss orders independent review and takes ‘100%’ blame for ‘toxic culture’
BrewDog co-founder and chief executive James Watt has promised staff a wide-ranging independent review after a group of ex-employees complained of a toxic culture that left a “substantial” number with mental illness.In an email to colleagues, a week after the allegations surfaced, James Watt apologised for a series of mistakes that prompted the open letter, …
Business
Sky News
Chinese giant Tencent backs British touch-free tech company Ultraleap
Tencent, the Chinese technology giant which is the world’s largest video game developer by revenue, is taking a stake in a Bristol-based technology company which uses ultrasound waves to simulate the sense of touch.Sky News has learnt that Image Frame Investment, a Tencent subsidiary, is investing $50m (£35m) into Ultraleap in the first phase of …
Business
Business Live
Meet the key figures to lead on vital economic themes in Hull and East Yorkshire
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Business
Business Live
Ruthin hair salon devastated by flooding reopens after six months
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Business
Business Live
Wales’ summer rugby internationals to be shown live on terrestrial TV
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Business
Business Live
North East pizza firm eyes expansion after securing investment
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Business
Business Live
Durham workwear firm to create 100 jobs after growth during lockdown
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