Life Science property trust to trade up AIM for London’s main market November 3, 2022 Life Sciences Real Estate Investment Trust is set to trade up the AIM to list on London’s main market. Bosses at the trust said the move is in the “best interests” of the company and shareholders, after the pandemic threw life sciences into the top ranks of investor and government interest. It means the [...]
Pfizer begins early-stage study on Covid-19 and flu combo vaccine November 3, 2022 Pharmaceutical giant Pfizer has begun an early-stage study of a combined vaccine tackling Covid-19 and the flu. The first patient in the phase one study was given a dose of the vaccine this week. The study will see 180 people aged between 18 and 64 recruited in the US to look at the jab’s safety [...]
Fiat carmaker Stellantis enjoys boost to revenue as chip shortage eases November 3, 2022 Stellantis, the carmaker behind Fiat and Peugeot, has enjoyed a boost to revenue in the past few months as a shortage of computer chips crucial to tech-assisted cars eases. Revenues rose by nearly a third to €42.1bn (£36.4bn) in the three months to September. The group’s sales of battery electric vehicles jumped more than 40 [...]
Elon Musk abandons Hyperloop project months after ramping up testing November 3, 2022 Elon Musk has reportedly abandoned his futuristic high-speed transportation project Hyperloop just six months after announcing plans to begin “full-scale” testing. Hyperloop has been ‘indefinitely shelved’, according to Bloomberg today. The eccentric billionaire’s $44bn takeover of social media giant Twitter finalised last week, making him the ‘Chief Twit’ of yet another technology heavyweight. The ambitious [...]
Sorrell tells ad land to calm down about Elon Musk’s Twitter November 3, 2022 Despite the pandemonium caused by Elon Musk’s takeover of Twitter last week, there is one media mogul who seems largely unfazed by the news. S4 Capital chief and former WPP boss Sir Martin Sorrell underplayed the $44bn takeover and said that Facebook owner Meta was the one to watch when it came to the future [...]
London financial firm Ebury in FCA-mandated regulatory probe November 3, 2022 A celebrated London fintech has been forced to open itself up to an investigation into its anti money-laundering controls, Morning Wire understands. Victoria-HQed Ebury, which is majority owned by Santander and was valued at around £600m at the time the Spanish giant bought in, is the subject of a ‘Section 166’ order by the Financial [...]
Defence sector boosts Rolls-Royce as Asia recovery lags under Covid-19 November 3, 2022 Aerospace giant Rolls-Royce’s recovery continues to lag in Asia due to ongoing Covid-19 measures, as the firm makes headway again in the US and Europe. The London-listed company, which builds jet engines, has been particularly vulnerable to supply chain disruptions and inflation, as it continues to restore back to full health following the pandemic. Rolls-Royce, [...]
UK failing to capitalise on disease research as it lags behind Europe, says ABPI November 3, 2022 The UK is failing to capitalise on its world leading disease research, according to the country’s pharmaceutical body. The country could be unlocking significant economic benefits in better competing with its European rivals on genomics, the study of genomes which is crucial to understanding how diseases develop. In report published today by the Association of [...]
Tiktok’s new privacy update confirms staff across the world access your data November 2, 2022 TIKTOK told European users that their data can be accessed by employees in China, adding to the privacy concerns. The video sharing platform is updating its privacy policy to confirm that staff across the world can access user data. This means European user data could be accessed from China, Brazil, Canada, Israel, the US and [...]
Cost of loving: Tinder boosted by paid matches despite spending squeeze November 2, 2022 MONEY can’t buy you happiness, but it may be able to buy you love, with Tinder owner cashing in on people looking for love despite cost of living woes. Match Group, which also owns Hinge and OKCupid, revealed that the number of paid subscriptions to the dating app rose seven per cent globally in July-September. [...]