Tesla shares plunge following Musk’s Twitter takeover, with $97bn wiped off valuation April 26, 2022 Tesla’s shares plunged 11 per cent today less than a day after chief executive Elon Musk snatched Twitter for $44bn. Twitter’s takeover wiped off $97bn off of Tesla’s valuation after Musk secured a $12.5bn loan against his share in the automotive giant, the Financial Times reported. The extravagant entrepreneur said he will fund the acquisition [...]
Medical tech firm Sensyne set to axe 80 staff in scramble to stay afloat April 26, 2022 London-listed medical tech firm Sensyne is set to axe two thirds of its workforce after being rescued from the brink of collapse earlier this month.
Meta takes on UK watchdog in £249m competition row over Giphy tie-up April 26, 2022 Facebook's parent firm Meta has started the appeal process against the UK's decision to block its tie-up with Giphy for $315m (£249m).
Twitter sale: The rocky road for online safety in Musk’s world of free speech April 26, 2022 The business world was sent into frenzy on Monday night after Twitter accepted a $44bn buyout offer from Tesla tycoon Elon Musk.
Global supply of electric car batteries could be shifting East to West, say analysts April 26, 2022 The world’s supply of advanced batteries, critical for electric cars, could be shifting West, say analysts, as production grinds to a halt in Asia. China’s most recent Covid-19 lockdowns have ‘chipped away’ at the country’s dominance in the battery market, analysts at independent energy researcher Rystad Energy, Susan Zou and Abhishek Murali, explained. Businesses have [...]
Department for health makes £134m claim over Novacyt Covid testing contract April 26, 2022 Biotech firm Novacyt’s share price has plunged after the health department has issued a claim for £134.6m for one of its contracts. The Anglo-French company issued an update on a dispute with the department for health and social care (DHSC) on Tuesday. Shares fell around 15 per cent on Tuesday morning after Novacyt said it [...]
Bezos questions Chinese influence on Musk’s £34.5bn Twitter takeover April 26, 2022 Amazon founder Jeff Bezos has questioned Elon Musk’s grab for Twitter, raising alarms about Chinese influence on the social media platform.
Twitter accepts Musk’s $44bn buyout deal April 25, 2022 Twitter has accepted a $44bn buyout from Tesla tycoon Elon Musk which takes the firm into private ownership
Post Office under fire for stalling Horizon payouts for victims April 25, 2022 The Post Office have been accused of stalling Horizon scandal payouts after the criminal convictions of 72 postmasters were overturned.
A fresh £225m: UK life sciences continue to ride wave of Covid-19 momentum April 25, 2022 The UK’s life sciences sector has continued to ride the wave of momentum that has come with Covid-19, with investors increasingly alive to the sector’s opportunities. The Cambridge Innovation Centre (CIC) has raised £225m in an oversubscribed round for its second life sciences fund, it announced today. The venture capital investor, focused on life sciences [...]
