Eli Lilly buys cancer drug specialist Loxo Oncology for $8bn January 7, 2019 Pharmaceuticals giant Eli Lilly has bought Loxo Oncology for $8bn (£6.27bn), marking the second multibillion dollar US drug merger since the start of the new year. In a sign of the fast-growing market for cancer drugs, Eli Lilly said this afternoon that it has acquired Loxo as it looks to bolster its treatment portfolio. Today’s [...]
Toshiba withdraws from UK nuclear power station November 8, 2018 Toshiba is pulling out of a nuclear power project in Cumbria after failing to find a buyer, it said today. The Japanese conglomerate said it would begin winding up its Nugeneration subsidiary, which was overseeing the construction of the power plant, and expects to record losses of roughly ¥15bn (£100m) as a result. The company [...]
Crossrail: Watchdog blasts bosses for ‘driving up costs’ on London’s £17.6bn delayed Elizabeth Line May 3, 2019 Crossrail bosses took decisions that drove unnecessary cost into the troubled £17.6bn railway, a report by Whitehall's spending watchdog has found. A catalogue of errors including a "failure to change course" when it was clear the project was de-railing, as well as flaws in its own commercial strategy, led to cost increases and the current uncertainty [...]
The 13 best festival, camping and outdoor gadgets: from cameras and speakers to stoves and tents July 31, 2019 Festival season is upon us, like a large and pale dancing man silhouetted against a set of dazzling floodlights, whose sweat-sodden skin shines and catches the light like a salmon flashing in the brook. Make sure you’re ready for it by stacking your backpack high with the latest gadgets and technology. If you’re heading to [...]
Top of the class: London retailers post best results in Europe to push Paris into second place November 12, 2018 London’s West End has weathered problems on the high street to keep its position as the top of the European retail league, while seven of the top 10 shopping centres are in the UK. Shoppers spent almost €10.4bn (£9.1bn) on and around Oxford Street, Knightsbridge and Kensington for the year ending November, a 12 per cent [...]
Theresa May resignation live: Sir Graham Brady and Jeremy Hunt join race to replace Theresa May May 24, 2019 This is a live blog. Please refresh your page manually to get the latest updates. Welcome to our live blog as we follow all the latest developments on the day that Prime Minister Theresa May has announced that she will resign. May has served three years in Number 10 Downing Street but is set to [...]
By trolling Anthony Scaramucci, Trump has crossed a line August 12, 2019 When I woke up on Sunday, like a lot of entrepreneurs and people who work in the media, I reached for my smartphone to check Twitter (Mrs B was still asleep; I am an early riser). One story that caught my eye straight away was President Trump – where would Twitter be without him, or [...]
New homes: Our pick of the new builds going on sale in London this weekend November 2, 2018 New developments on the market this week So Resi, Sydenham From £130,000 for a 25 per cent share of a two bed New homes in south east London with excellent commuting times have been released on a part-buy part-rent basis. Prospective homeowners can buy a share of a one, two or three bedroom apartment in [...]
Brendan’s second coming: Rodgers to resurrect Premier League career with Leicester February 28, 2019 “My biggest mentor is myself,” was just one of the memorable utterances to emerge from Brendan Rodgers during his first stint in the Premier League, but more than three years after his sacking by Liverpool he has returned to England in the latest step in his bid to rebuild credibility. The Northern Irish manager has [...]
Northern Line extension to Battersea Power Station faces 12 month delay in latest TfL setback December 22, 2018 The £1.1bn Northern Line extension to Battersea Power Station has been delayed by at least 12 months in the latest setback for cash-strapped Transport for London. The two mile spur from Kennington was forecast to open in 2020 but will now not be ready until September 2021 at the earliest, pushing up the project's cost. London mayor Sadiq Khan [...]