Antofagasta swallows $2.2bn in spiralling Chilean project costs as inflation bites April 21, 2022 Antofagasta is betting on copper, gold and steel-essential metal molybdenum this year, as the mining giant swallows spiralling costs of its latest Chilean project. A review of the Los Pelambres expansion project, which is now more than 70 per cent complete, has spiralled from $1.7bn (£1.3bn) to $2.2bn (£1.6bn), as the miner shoulders Covid-19 costs [...]
Leading UK businesses hand over half of their income to government through taxes November 30, 2021 The UK’s leading businesses are handing over half of the money they generate to the government in taxes, according to a fresh study published today. FTSE 100 companies gave up 53.2 per cent of their income to the public coffers last year, illuminating the heavy tax burden British businesses are being shackled with. Over one [...]
Unexpected economic reversal indicates UK is ‘perilously close to a recession’ June 13, 2022 An unexpected reversal in the UK economy indicates the country is “perilously close to a recession,” according to City economists. Gross domestic product (GDP) in the UK fell 0.3 per cent in April, marking the second month in a row the economy has shrunk, according to figures published today by the Office for National Statistics [...]
No patent needed: Thailand develops machine to extract more Covid vaccine August 26, 2021 As Thailand struggles with its worst coronavirus outbreak yet, researchers in the country have developed a machine to draw out Covid-19 vaccine doses more efficiently and optimise lower-than-expected supplies. Watch the full report.
Clinical trials can be our turning point to turbocharge life sciences here in the UK June 2, 2023 Being a leader in clinical trials means approving new groundbreaking drugs at pace. Here in the UK, we're bound by bureaucracy; breaking free would provide benefits for the whole life sciences sector, writes Patrick King
Premiership club Worcester hit with HMRC winding-up petition, reports suggest August 17, 2022 Premiership Rugby club Worcester Warriors have been hit with a winding-up petition by Her Majesty’s Revenue and Customs, according to reports. A liquidation of the club is sought by the UK tax authority unless a debt is settled for an unpaid tax bill, the Telegraph report. This follows reports in recent months surrounding the late [...]
CBI: Jeremy Hunt and Rishi Sunak must use budget to prevent recession and bolster UK economy February 9, 2023 Jeremy Hunt and Rishi Sunak need to use the spring budget to stimulate growth to prevent the UK tipping into a recession this year, the country’s biggest business group has urged today. The chancellor and prime minister should at the 15 March statement soothe the impact of a sharp rise in the UK’s profit tax [...]
US Federal Reserve achieving soft landing will be challenging but doable May 10, 2022 Hiking interest rates to tame a 40-year high inflation spike without throwing the US economy off course will be difficult, but doable, a top stateside rate setter said today. “The ongoing pandemic and war in Ukraine bring a tremendous amount of complexity and uncertainty” to the trajectory of prices, John Williams, president of the New [...]
Chief executive pay at FTSE 100 firms bounces back to pre-pandemic levels May 30, 2022 The sums paid out to chief executives at the City’s major listed firms have bounced back to pre-pandemic levels, after jumping 30 per cent over the previous year to five year highs of £3.62m. The pay packages mark a return to levels last seen before the pandemic and a 30 per cent increase on the [...]
Johnson & Johnson: Covid booster dose sharply increases levels of antibodies August 26, 2021 A booster dose of Johnson & Johnson’s Covid-19 vaccine sharply increased levels of antibodies, according to interim data from two early-stage trials, the company said late last night. Watch the full report.