AstraZeneca licences Crohn’s disease treatment to Allergan for $1.5bn October 3, 2016 Drug giant AstraZeneca has struck a deal with Ireland-based pharma firm Allergan to licence a treatment for Crohn's disease. Allergan will pay $250m upfront and make further payments of up to $1.27bn depending on how the drug performs. AstraZeneca's shares climbed on the news and were earlier up some 1.5 per cent in mid-morning trading. Shares have fallen back a little since then [...]
Australia’s richest woman invests $300m in Yorkshire potash mine owned by fertiliser group Sirius Minerals October 25, 2016 The company directed by Australia's richest woman has signed a $300m (£246m) financing deal with fertiliser group Sirius Minerals for its Yorkshire potash mine. The British arm of Hancock Prospecting, chaired and directed by iron ore tycoon Gina Rinehart, will buy $50m worth of Sirius shares and a five per cent royalty stream of the first 14 megatonnes [...]
Meet 26 of the hottest UK startups about to become household names as part of Tech City UK’s Future Fifty February 22, 2017 An innovative flower delivery startup, an online money transfer service and a recipe subscription service are among 26 of the hottest startups in the UK which have been identified as having the potential to become household names and globally recognised companies. Bloom & Wild, Azimo and Gousto are among the up-and-coming names joining the likes of fintech unicorn [...]
Yo Sushi founder Simon Woodroffe: I want to be the next Richard Branson February 6, 2017 It took a life crisis for Simon Woodroffe to set up restaurant chain Yo Sushi. “I got divorced in the early nineties and was out in the wilderness for a long time. I was down to my last £200,000 tied to my flat and was desperate to do something with my life. That’s when I set [...]
How to earn passive income: 22 ways to create multiple streams of income January 16, 2017 Making money while you sleep. Has a nice ring to it, doesn't it? After reading books like "Rich Dad Poor Dad" and "4 Hour Work Week," I became interested obsessed with making passive income. Whenever someone needs additional income, the stereotypical suggestion offered is to “get a part-time job.” But what if you don't have [...]
Here’s what we searched online in 2015 in Britain, according to Bing: Politics, royalty, Rugby World Cup and Star Wars: The Force Awakens December 3, 2015 The General Election, the Labour leadership race and the attacks in Paris are the events of 2015 which occupied our thoughts the most – or our search habits, at least. It was political and world events which dominated the top 10 most searched for news events this year, but royalty also piqued the interest of Britons. The insight into our [...]
If you dream of hurtling down deserted mountains, slaloming trees and ducking overhanging branches, the Canadian Rockies may be for you January 17, 2017 Sunshine Village sounds like a misnomer for a ski resort deep in the Canadian Rockies. A Caribbean beach complex, maybe, but a ski arena that straddles the Continental divide of the Americas? But when you’re at the peak of Mount Standish, an impossibly blue sky hanging over a seemingly endless white expanse, it starts to [...]
Shell divests $425m in cluster of Gulf of Mexico assets August 30, 2016 Royal Dutch Shell has divested $425m (£324m) plus royalty interests in a cluster of its Gulf of Mexico-based assets. The four blocks sold by the oil giant produce approximately 25,000 barrels of oil equivalent (boe) per day. This is equivalent to 10 per cent of its deepwater production in the region and four per cent of its global [...]
Pfizer makes its second chunky purchase of the week – And it’s only Wednesday August 24, 2016 Astrazeneca has agreed to sell one of its antibiotics businesses to American rival Pfizer in deal that could net the Cambridge-based company up to $1.6bn (£1.2bn). Pfizer will pay $550m upon completion of the deal to purchase the small molecule antibiotics division with add-ons and royalties to follow. Astrazeneca said that the sale will to support its [...]
Simplicity is the key to success at Games Workshop July 26, 2016 Spending hours carefully painting a model of a fantasy mythical creature isn’t everyone’s idea of a good time. But Nottingham-based Games Workshop continued a track record of profitability when it released its annual results today. “We have a simple strategy at Games Workshop. We make the best fantasy miniatures in the world and sell them globally at [...]