Industry leaders warn Canada is poised to miss out on the UK’s biotech boom January 29, 2018 The UK's biotech industry was thrown into the spotlight last week with a series of reports boasting of the sector’s successes. The BioIndustry Association (BIA) on Thursday declared Britain’s 2017 pipeline of biotech treatments the strongest in Europe. Meanwhile the London Stock Exchange cheered the 20 per cent rise in funds raised for the wider [...]
Number of UK startups launched in 2017 drops amid “muted” government support January 28, 2018 The number of startups launched in 2017 dropped more than 10 per cent to just over 589,000 last year, according to figures published today by the Centre for Entrepreneurs (CFE) think tank. Data from Companies House showed 589,008 new businesses set up shop in 2017, down from 657,790 the previous year. This marked the first [...]
What’s next for oil and gold prices in 2018? Here’s what analysts said January 2, 2018 Crude oil and gold prices both started the year on a firm footing, but are prices going to keep going up in 2018? Here's what analysts said about the commodities. Oil prices expected to stay around $60, but could go as low as $30 Brent crude and West Texas Intermediate (WTI) prices both opened above [...]
Five UK banks given Open Banking deadline extension by CMA December 19, 2017 Five UK banks have been given more time by the Competition and Markets Authority (CMA) to comply with Open Banking regulations. Barclays, Royal Bank of Scotland (RBS), HSBC, Santander and Bank of Ireland appealed to the CMA for a delay to the January deadline. Open Banking is a new digital standard that aims to give [...]
Cyber security wages are set to soar amid a skills shortage December 18, 2017 Demand for cyber security roles is set to boom over the next year following several high-profile cyber attacks, prompting a rise in wages, new research from the recruitment sector’s trade body suggests. Every specialist IT recruitment agency surveyed by the Recruitment and Employment Confederation (REC) said they thought demand for cyber security staff would rise [...]
Bacanora Minerals’ huge lithium mine has been valued at $1.25bn December 13, 2017 Bacanora Minerals is one step closer to pumping some much-needed lithium into the market after a positive feasibility study today valued its flagship project at $1.25bn (£936m). Sonora, Bacanora's battery-grade lithium carbonate mine in Mexico, has the potential to become one of the world's top lithium mines, chief executive Peter Secker told CityAM. The [...]
Bitcoin mining explained: How it works, how much energy it uses and what needs to be fixed December 7, 2017 All eyes are on bitcoin at the moment. The cryptocurrency has staged a meteoric rise in 2017 that has attracted new investors, but, for many, question marks still surround bitcoin and the technology behind it. With recent reports pointing to the high energy cost associated with mining, the process used to create bitcoin, is there [...]
Africa-focused petrol station chain Vivo Energy is preparing a London IPO November 19, 2017 The London Stock Exchange is set for a boost as petrol stations chain Vivo Energy prepares a $3bn (£2.3bn) float, according to reports. The Africa-focused company, which operates around 1,800 Shell forecourts across 16 countries, has plans to launch its initial public offering (IPO) next year, the Sunday Times reported. Vivo is owned by oil [...]
Battery storage is poised to recharge the UK’s energy sector over the next year November 17, 2017 So far, 2017 has been a year of milestones for clean forms of energy. The National Grid said this summer was the greenest ever, offshore wind became cheaper than new nuclear and the country’s first subsidy-free solar farm opened. Energy experts are also expecting to see a huge uptick in the number of electric vehicles [...]
Europe’s rudest-sounding energy company is being renamed – to reflect its focus on green energy October 2, 2017 Dong Energy today announced plans to change its name to Orsted as the company shifts its focus to renewable energy. The firm said the name Dong Energy, which stood for Danish Oil and Natural Gas, was no longer suitable after it completed the sale of its entire oil and gas business to chemicals group Ineoson [...]
