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Cambridge wearable tech set to make a splash at Rio Olympics

Cambridge product design innovator Innovia Technology has deployed cutting-edge science to help swimwear manufacturer Arena produce an upgrade of a pioneering carbon technology suit.

The first version was worn by 35 medallists in the pool at the London Olympics – including 10 gold medal winners – and the powered-up new version is tipped to make a splash in this summer’s Games in Rio.

See more at: http://www.businessweekly.co.uk/news/hi-tech/cambridge-wearable-tech-set-make-splash-rio-olympics
Cambridge product design innovator Innovia Technology has deployed cutting-edge science to help swimwear manufacturer Arena produce an upgrade of a pioneering carbon technology suit. The first version was worn by 35 medallists in the pool at the London Olympics – including 10 gold medal winners – and the powered-up new version is tipped to make a splash in this summer’s Games in Rio. The new POWERSKIN Carbon-Ultra suit incorporates an outer ‘carb...
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Sanofi bids $9.3 billion for US company

Global healthcare giant Sanofi, which has had a long-term presence in the Cambridge science & technology cluster through its acquisition of Genzyme, has made a $9.3 billion takeover bid for San Francisco prostate cancer specialist Medivation Inc.

See more at: http://www.businessweekly.co.uk/news/biomedtech/sanofi-bids-93-billion-us-company
Global healthcare giant Sanofi, which has had a long-term presence in the Cambridge science & technology cluster through its acquisition of Genzyme, has made a $9.3 billion takeover bid for San Francisco prostate cancer specialist Medivation Inc. The cash offer equates to $52.50 per share and supports Sanofi’s expansion strategy in oncology and represents a premium of more than 50 per cent to Medivation's two-month volume weighted average price p...
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Jewels in the crown as business leaders win Queen’s Awards

East of England innovation, entrepreneurship and exporting prowess received royal assent in the UK today as trailblazing startups and mature companies from across the region won Queen’s Awards.

See more at: http://www.businessweekly.co.uk/news/economic-development/jewels-crown-business-leaders-win-queen%E2%80%99s-awards
East of England innovation, entrepreneurship and exporting prowess received royal assent in the UK today as trailblazing startups and mature companies from across the region won Queen’s Awards. The Queen’s Awards arbiters have honoured three Cambridge winners from last month’s Business Weekly Awards – Horizon CEO Dr Darrin Disley, fast-growing cyber defence company Darktrace and the all-conquering Marshall Aerospace & Defence Group.
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Cambridge sweeps board at US bio innovation showcase

Cambridge UK companies dominated the innovation awards at a US biotechnology showcase with four winners and one runner-up out of 46 global technologies judged.

See more at: http://www.businessweekly.co.uk/news/biomedtech/cambridge-sweeps-board-us-bio-innovation-showcase
Cambridge UK companies dominated the innovation awards at a US biotechnology showcase with four winners and one runner-up out of 46 global technologies judged. Eagle Genomics, PetaGene, Dassault Systems (BIOVIA) and Illumina all won their categories against world-class rivals at the Bio-IT World Best of Show competition in Boston. Genestack, received an honourable mention in the Informatics Tools & Data Analysis category.
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St John’s seeks consent for 64,400 sq ft office/R & D building

Planning consent is being sought for a 64,400 sq ft flagship office/R & D building with flexible space at the coveted St John’s Innovation Park in Cambridge.

Subject to approval, the new facility would provide sorely needed R & D and office space in the popular northern fringe of the science & technology cluster.

See more at: http://www.businessweekly.co.uk/news/property-and-construction/st-john%E2%80%99s-seeks-consent-64400-sq-ft-officer-d-building
Planning consent is being sought for a 64,400 sq ft flagship office/R & D  building with flexible space at the coveted St John’s Innovation Park in Cambridge. Subject to approval, the new facility would provide sorely needed R & D and office space in the popular northern fringe of the science & technology cluster. The building has been designed to accommodate multiple occupiers and let on a floor by floor basis – or to one occupier as a headquart...
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Cambridge March deals top $2.69 billion

March came in like a lion and kept roaring as far as dealflow in the Cambridge UK science & technology cluster was concerned – with lambs nowhere in sight.

Deals and investment in the month topped $2.69 billion, taking the value of transactions to $93.063bn in the 36 months of Business Weekly’s Cambridge Deals Digest. That’s a monthly average of $2.589bn.

See more at: http://www.businessweekly.co.uk/news/financial/cambridge-march-deals-top-269-billion
March came in like a lion and kept roaring as far as dealflow in the Cambridge UK science & technology cluster was concerned – with lambs nowhere in sight. Deals and investment in the month topped $2.69 billion, taking the value of transactions to $93.063bn in the 36 months of Business Weekly’s Cambridge Deals Digest. That’s a monthly average of $2.589bn.
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April showers billions of dollars in Cambridge deals record

Dealflow in the Cambridge UK science & technology cluster reached an all-time high in April with transactions worth more than $8.9 billion – a new record.

It took the value of transactions to $101.963bn in the 37 months of Business Weekly’s Cambridge Deals Digest. That’s a monthly average of just under $2.76bn – also a new high.

See more at: http://www.businessweekly.co.uk/news/financial/april-showers-billions-dollars-cambridge-deals-record
Dealflow in the Cambridge UK science & technology cluster reached an all-time high in April with transactions worth more than $8.9 billion – a new record. It took the value of transactions to $101.963bn in the 37 months of Business Weekly’s Cambridge Deals Digest. That’s a monthly average of just under $2.76bn – also a new high.
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AZ injects millions into new genomics nervecentre in Cambridge

AstraZeneca and its global biologics research and development arm, MedImmune, have chosen Cambridge as the base for a pioneering new genomics research centre.

Hundreds of millions of dollars will be injected into the nervecentre, which will be based at the companies’ new HQ being built at the Cambridge Biomedical Campus.

See more at: http://www.businessweekly.co.uk/news/biomedtech/az-injects-millions-new-genomics-nervecentre-cambridge
AstraZeneca and its global biologics research and development arm, MedImmune, have chosen Cambridge as the base for a pioneering new genomics research centre. Hundreds of millions of dollars will be injected into the nervecentre, which will be based at the companies’ new HQ being built at the Cambridge Biomedical Campus. The initiative represents arguably the most significant move since the mapping of the Human Genome  – steered by the Wellcome T...
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CEO highlights “fantastic opportunities” as ARM revenue and profits storm ahead

Simon Segars, the CEO of Cambridge UK superchip architect ARM Holdings, announced a fresh surge in revenue and profits for the first quarter of 2016 and predicted a new era of “fantastic opportunities” for the business.

See more at: http://www.businessweekly.co.uk/news/hi-tech/ceo-highlights-%E2%80%9Cfantastic-opportunities%E2%80%9D-arm-revenue-and-profits-storm-ahead
Simon Segars, the CEO of Cambridge UK superchip architect ARM Holdings, announced a fresh surge in revenue and profits for the first quarter of 2016 and predicted a new era of “fantastic opportunities” for the business. ARM Q1 revenues were 22 per cent ahead to £276.4 million with pre-tax profit was 14 per cent higher at £137.5m.
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Clucking good deal as Crown Chicken goes for £40m

Norfolk chicken producer Crown Chicken has been acquired by one of the UK’s largest food producers, Cranswick plc, in a £40 million deal supported by financial and business advisers Grant Thornton.

See more at: http://www.businessweekly.co.uk/news/food-and-beverage/clucking-good-deal-crown-chicken-goes-%C2%A340m
Norfolk chicken producer Crown Chicken has been acquired by one of the UK’s largest food producers, Cranswick plc, in a £40 million deal supported by financial and business advisers Grant Thornton. Based in Kenninghall, Crown Chicken is a leading integrated poultry producer. It breeds, rears and processes fresh chicken for a range of UK customers, alongside its own milling operation. Revenue for Crown in 2015 was £83.8m and adjusted EBITDA was £6...
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Cyan’s £10m Iran order outstrips its market cap

Smart metering and lighting technology company Cyan has clinched a £10 million order from Iran – larger than the quoted Cambridge UK company’s £9.2m market cap.

See more at: http://www.businessweekly.co.uk/news/cleantech/cyan%E2%80%99s-%C2%A310m-iran-order-outstrips-its-market-cap
Smart metering and lighting technology company Cyan has clinched a £10 million order from Iran – larger than the quoted Cambridge UK company’s £9.2m market cap. The order – from telecomms contractor Micromodje Iran – marks a rapid conversion following trials of Cyan’s smart electricity meters in the Islamic state. It also represents one of the first major pieces of business by a ‘foreign’ company since trade sanctions against Iran were lifted.
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Business boom for region as Superzones launch

The Cambridge Compass Enterprise Zone plus 10 other superzones in Norfolk and Suffolk went live today with the aim of driving thousands of new jobs and homes and pepping the economy of the UK’s top science & technology cluster.

See more at: http://www.businessweekly.co.uk/news/economic-development/business-boom-region-superzones-launch
The Cambridge Compass Enterprise Zone plus 10 other superzones in Norfolk and Suffolk went live today with the aim of driving thousands of new jobs and homes and pepping the economy of the UK’s top science & technology cluster. The initiative was unlocked by Chancellor George Osborne’s Autumn Statement and inaugurated with a figurative fanfare of trumpets from the Local Enterprise Partnerships that sealed the deals.
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Reporting on Cambridge and the East of England, Business Weekly’s print edition, website and digital edition combine the latest business news with in-depth reports and analysis on issues of importance to companies involved in hi-tech, biotech, manufacturing and services to industry.
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