DAILY BRIEFING: American data science firm Iqvia to invest £44m in British research projects
Life sciences deal: Iqvia is to invest £44m over five years in British research projects
DRUGS BOOST American data science firm Iqvia is to invest £44million over five years in British research projects and services that speed up drug trials.
The move was announced as part of the second UK life sciences deal that was struck by the industry with the Government.
CAB FLOAT Taxi app company Lyft, a growing rival of Uber in the US, has filed papers for its long-awaited float in New York.
It is expected to go public early next year but has not yet revealed details on pricing or exact timings. Lyft is valued at around £11.7billion.
APP DITCHED Search giant Google is scrapping its messaging app Allo after the service did not prove as popular as hoped.
The US firm introduced it in 2016, featuring a digital assistant which users could chat to, but now says it will stop the service after March.
our way Activist investors across the world currently have around £230billion invested in firms they want to shake up, according to Deloitte.
BREXIT BACKING Three-quarters of Britain’s growth businesses would prefer to move forward with Prime Minister Theresa May’s Brexit withdrawal deal than risk no settlement, according to the Business Growth Fund.
REVENUE RISE Budget hotel chain Easyhotel has posted a 34 per cent jump in revenues to £11.3million for the year to September 30. Profits increased 1.4 per cent compared with a year ago to £870,000.
DELIVERY PROFITS Revenues at online delivery service Clipper Logistics rose to £227.9million for the six months to October 31, up 14.1 per cent on a year earlier. Profits increased 16.9 per cent to £9.3million.
AIRPORT RESULTS London Stansted owner Manchester Airport Group reported a 7.8 per cent rise in revenues to £504m in the six months to September 30, while profits climbed 7.3 per cent to £157million.
PLANE STRUGGLES Budget airline Norwegian Air struggled to fill its airplanes last month.
Capacity grew 34 per cent compared with a year earlier, but load factor, which measures how many seats are sold on each flight, fell to 78.8 per cent, the lowest in more than four years.
DIY DEAL Flooring firm Tapi is opening concessions in Homebase stores as it eyes faster expansion. Tapi is owned by former Carpetright boss Martin Harris.