Mars to buy Hotel Chocolat in 534mn deal
Maxine Kelly in London
The owner of confectionery group Mars has a greed a deal to buy upmarket chocolatier Hotel Chocolat in a cash offer that values the company at around 534mn on a fully diluted basis.
5 minutes ago23:56
UK approves Crispr gene editing therapy in global first
Hannah Kuchler in London
The UK has become the first country in the world to approve a therapy based on Crispr gene editing, with the regulator’s authorisation of a treatment for sickle-cell disease and beta thalassemia.
The Medicines and Healthcare products Regulatory Agency has approved the therapy, now called Casgevy, which was developed by Vertex pharmaceuticals and Crispr Therapeutics. The drug could be used to replace bone marrow transplants.
Crispr is a flexible and efficient gene editing tool based on the bacterial immune system. Scientists Jennifer Doudna and Emmanuelle Charpentier discovered Crispr in 2012, and won the Nobel prize for the discovery in 2020.
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13 minutes ago23:47
Burberry warns profits to be at low end of expectations amid global slowdown in luxury demand
Donato Paolo Mancini in London
Luxury fashion group Burberry has warned its adjusted...
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