McLaren plans to sell F1 stake to secure future: report
7 July 2020 1:58 pm / 3 comments
British supercar maker McLaren is in talks for the sale of a share of its Formula 1 team in order to fund its medium-term future,
Autocar has reported. The Woking-based manufacturer has been hard-hit by the coronavirus and the consequent shutdown, though it has recently received US$184 million (RM788 million) in financing facility from the National Bank of Bahrain.
The Bahrain funding will come as some welcome relief, however more is needed, and the company has received approval from its shareholders to investigate other ways to further raise funds to secure its future over the next five years, the magazine reported.
UK Health Tech Company Zedsen Closes $12M Series B, and Expands Executive Team with New Appointment of Dr. Caroline Hargrove as CTO
LONDON, April 6, 2021 /PRNewswire/
Zedsen, a UK health tech company with a revolutionary non-invasive technology that helps consumers understand their health based on data coming from their bloodstream, today announced a $12 million Series B investment at a $110 million valuation, while also appointing Dr. Caroline Hargrove, former CTO of Babylon Health, as Chief Technology Officer.
The investors include: Joseph R. Grano, former Chairman and CEO of UBS Financial Services Inc; Nasser Kazeminy, Investor, Founder of NJK Holding and Chairman of the Ellis Island Honor Society (EIHS); Tony Rice, Former CEO of Cable and Wireless; Bonnie Mcalveen Hunter, Chairperson of the Red Cross; and Jim Harpel, Investor at Palm Beach Capital.
1st February 2021 11:23 am
We’re delighted to reveal the shortlist for The Engineer’s 2020 Collaborate To Innovate (C2I) Awards.
Now in its fifth year, The Engineer’s Collaborate To Innovate awards (C2I) was established to uncover and celebrate great examples of technology-led engineering collaboration across a range of different disciplines and sectors. It’s fair to say that it’s more than delivered on this vision, and has regularly uncovered a fresh pipeline of innovations, showcasing the UK’s strength and breadth in cross-disciplinary collaboration, and providing plenty of reasons to optimistic about the future of UK engineering.