Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
The Chinese embassy in Madrid said on Thursday that the Spanish government had bought faulty COVID-19 testing kits from an unauthorised Chinese company called Shenzhen Bioeasy Biotechnology.
Spain bought 640,000 rapid testing kits bought from companies in China and South Korea. However, the first order of around 9,000 had to be returned after it failed to meet specifications.
“The Chinese ministry of commerce offered Spain a list of certified providers, which did not include Shenzhen Bioeasy Biotechnology. Shenzhen Bioeasy Biotechnology has not yet been licensed by the Chinese National Medical Products Administration to sell its products”, the Chinese embassy in Spain said.
Fernando Simon, the head of Spain’s public health emergency department, confirmed that the first batch of kits had been sent back to the provider.
The Spanish association of microbiologists (SEIMC) warned that the kits performed with an accuracy level of under 30%: “With this level of accuracy, it is impossible to put them into routine use”, a SEIMC spokesman said.
Sky News can reveal that ShareAction, a pressure group which has called on Barclays to "phase out" its financing energy companies that are not aligned with the Paris climate accord, has indicated that it will recommend support for an alternative resolution being drawn up by the British lender.
ShareAction's own resolution, tabled two months ago, will also be put to Barclays' annual general meeting in May, meaning the bank's shareholders will have the chance to vote on both, according to one investor.
City sources said on Sunday that Barclays' alternative resolution would commit it to helping "transition" energy companies towards the Paris goals.
The bank is thought to be preparing to commit to a range of measures focused on helping energy and other polluting companies achieve Paris compliance that will impact its activities across lending, underwriting, corporate finance advisory work and other forms of project financing.
One investor briefed on the plan described it as a "landmark" for a major lender.
Barclays will also commit to holding a strategy day towards the end of the year at which it will set out further details of its climate-related actions, according to one insider.
The bank has been targeted by ShareAction because of its status as the sixth-largest financier of fossil fuel companies in the world, providing $85bn of funding to them since the Paris Agreement was struck in 2015.
"Barclays' funding runs broad and deep, with billions going into controversial, high-carbon sources such as Arctic oil and tar sands," ShareAction said in January.
Having a recommendation from ShareAction, which is being backed by blue-chip investors including Jupiter Asset Management, to vote in favour of the bank's resolution would be seen as a victory for Nigel Higgins, Barclays' chairman.
Mr Higgins has engaged extensively with shareholders on the issue in recent weeks, and has been keen to avoid a proxy fight - partly because the bank remains under pressure from Edward Bramson, an activist investor.
It also remains in the cross-hairs of some investors over the relationship of its chief executive, Jes Staley, with the paedophile Jeffrey Epstein.
Mr Staley's description of that relationship is now the subject of an investigation by the City and banking watchdogs.
The Investor Forum, which represents institutional shareholders managing a combined £21trn, is said by several fund managers to have played an instrumental role in brokering a compromise that means ShareAction is likely to recommend voting in favour of both climate resolutions.
One investor said the major stumbling block during months of talks between Barclays and ShareAction has been ShareAction's use of the phrase "phase out" in relation to carbon financing, against the bank's preference for "transition".
Although the corporate agenda is currently dominated by the coronavirus pandemic, climate change has become an increasingly critical issue on the agenda o
Times are changing ..
https://news.sky.com/story/barclays-close-to-winning-shareaction-support-for-climate-plan-11965450
Just thought I’d make you aware, I’m a postman and at the moment a lot of staff are going off sick due to all reasons regarding this virus. If you are ordering on line thinking of skipping the shops I wouldn’t guarantee you will get it. At lot of royal mail staff are clocking on in age and rounds are not being delivered.
On the bright side if your fit and find yourself out of work they pay a good wage. Just to keep in mind.
I’d say roundabout now would be a good time just to sit and hold and focus on something else. It’s out of our hands, no point in selling no point in buying. If you have cash keep hold of it, you never know what’s around the corner. We’ve all got a stake in the company, we all would like more shares but let’s just be grateful for what we have.
Our target market is going to grow, unlike others which will be decimated for possibly years.
I’m taking time out and just occasionally seeing if there is any news, but I am not getting in a flap anymore.
We will soon have a lot of time on our hands and I don’t plan spending it on here panicking.
Stay safe, good luck and see you all in a few months.
DT at the moment is buying vast amounts of oil in as the price is cheaper than producing it, topping up the tanks as he put it in his speech.
They are one strange lot, woooo gud job....
If they had any common sense they would invest big in pulling away from oil..
Oh well, let em get on with it..
Based on Ceres’s potential market penetration and royalty streams, we have modelled scenarios under which the company could generate £800mln of sales per annum in the next 15-20 years At scale, Ceres should generate 40-50% operating margins, akin to ARM Holding,” the analysts said.
Wow size of the spread, 21%
Bbw what your failing to see is, when bp’s profits fall which they will with almost every company on the stock market, their will be no dividend to pay out. Just look around other companies already doing it. Painful to see it, but we are all in the same boat hear, need to invest in growth not divi. GL.
Instead of trying to predict the bottom on which is a worldwide collapse in oil prices, why not try looking at an emerging tech which has more of a future gain.
Try AFC, fuelcell developer of off grid applications . Sp holding in these turbulent times.
Same yesterday, had to put an order in even for a small amount. Any news and you will get left behind. That’s why I thought we might get a rise today as it was difficult to buy.
I think we might get abit of a rise tomorrow. Reason being there was a lot of trades from 1pm which were buys when the budget was on but then it stops for couple of hours. Where did all the trades go can anyone see? The drop of 7% seems abit over done to me.
Unless we get world carnage with markets lol.
The government has faced pressure to remove a tax ‘loophole’ around red diesel, which Mr Sunak confirmed will now end in two years time. However, organisations working in agriculture, fishing, rail and heating industries will still be exempt.
Red diesel is typically used in agriculture and is taxed at just 11.14 pence per litre compared to 57.95 pence per litre for standard diesel, but it is also used to power 90% of all rail freight as well as secondary engines for refrigeration lorries, off-grid heating and construction equipment, meaning private companies such as Sainsbury’s, Veolia and JCB have benefitted from cheaper fuel.
The diesel, which is coloured with a red dye to ensure it is not illegally used in road vehicles and is estimated to account for 15% of the total use of diesel in the UK.
Have you noticed the trades have stopped showing after the flurry while the budget was on? Strange, or can I not see the last hour or so of trading?
Speaking of change the Saudis are at it again, they have just put production up to extra 13 mbpd from 12mbpd. USA shale and oil are fo@“d they are going to have to have a rethink. China, Russia and Middle East will be loving this. Payback time for all the sanctions.
Mucksy, maybe it’s a push which is needed to change the tech on how these thing run on fuel. Their is storage for diesel and generator. What else can we use in this space? This is how we evolve by being pushed. Won’t happen over night I know.
What is needed in the budget which might appear this time around is the overhaul of carbon tax, as we seem to have more of an idea about a timeline goal on cutting carbon. They can’t really rise the tax on fuel but can implement new carbon tax to drive towards a greener economy. For eg. Their is 50 per cent subsidy to red diesel which is a good starting place. All those generators running on this stuff will push towards a greener solution, enter Afc.
It’s a way for Putin to get back at Trump for all the sanctions too. Low prices will cripple shale gas, they cant run on such low prices where as Russia can for a longer time.
I feel America is walking into all of this virus, oil, debts with their eyes closed, for the market to rebound so much today is just mad.
Watch this space in 2-3 weeks time.
“The point has nothing to do with an AFC bubble, the point was merely to advise people not to miss the market bottom”.
What you implied is, we should buy. Is it not?
You were calling the bottom.
I hope it is...
So your advising everyone to put their money in as this is the bottom.
Brave call.
Hope your right.