Medical company Ark Therapeutics said a consortium led by University College London, in which the company was the sole industrial partner engaged in research, was to receive €6m from the EU. The grant would enable Ark's gene-therapy programme in foetal growth restriction to enter into clinical development, it said. Its shares rose 7.4% on the news.
Volex, a provider of electrical, digital and optical connections, said it had appointed David McKinney to the newly created position of Chief Operating Officer (COO). McKinney most recently served as COO of broadcast technology firm Pace from November 2005 to January 2012. The firm said it hoped the new hire would help drive "substantial, sustainable and profitable growth of the company".
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Video search engine Blinkx said it had teamed up with Travel Therapy, a new travel and lifestyle video web series, to offer tips for those looking to go on sabbatical. Blinkx said the service would offer 'tips on trips they should take based on what they're going through in life, from relaxing respites, to exotic and empowering adventures'. The series is being created by Emmy award-winning journalist Karen Schaler.
mm
-
MoneyWeek news quiz: How much could you get in car finance compensation?The car finance scandal, inheritance tax, and house prices all made headlines over the past few days. Test your knowledge while reviewing this week’s top stories with MoneyWeek’s news quiz
-
The biggest fossil fuel financing banks – is yours on the list?You may not know it, but your savings could be being used to finance the fossil fuel industry. We look at the banks with the best and worst climate policies.
