Syncona Limited is a Guernsey-based closed-ended investment company. The Company’s investment objective is to achieve superior long-term capital appreciation from its investments. It seeks to achieve returns over the long term. It focuses on creating, building and scaling companies around science to create a diversified portfolio of 20-25 global healthcare businesses, across development stage and therapeutic areas. It focuses on developing treatments for patients by working in close partnership with academic founders and management teams. The Company makes its life science investments through Syncona Holdings Limited, a subsidiary of the Company. It maintains its capital pool through Syncona Investments LP Incorporated…

More than 6,500 people in storm-ravaged western North Carolina had more than $10 million in consumer debt wiped out, thanks to Verizon and Forgive Co. The telecommunications giant and ForgiveCo, a Public Benefit Corporation, which focuses on debt forgiveness services for individuals experiencing financial hardship, announced the debt relief initiative during a press conference in Asheville.

The program, according to a press release, is part of Verizon’s ongoing commitment to the ongoing recovery effort following Hurricane Helene. Medical, financial and other debts of necessity were cleared for thousands of people who were unable to pay their debts.

“Verizon believes in the power of connection,…

Creative agency Wonderkarma, with offices in Brisbane and Vanuatu, has gone into liquidation.

Declan Lane and Simon Cathro of Cathro and Partners have been appointed liquidators, according to documents lodged with corporate regulator ASIC. 

A meeting of shareholders approved the voluntary winding up January 31.

Clients include Aurizon, Australia’s largest rail freight operator, and the Catholic Diocese of Toowoomba. 

Other agencies have started to contact Wonderkarma staff, said to number about 15.

Kirsty Visman, managing director at Superdream, said staff should drop her a line if they were looking for a new home.

“Shocked and saddened to hear of the liquidation of fellow independent creative agency Wonderkarma,” she…

Households may be able to save tens of thousands of pounds in mortgage interest payments by changing when they make their repayments. 

The mortgage broker Mojo says the average borrower could save £49,118 in interest costs by moving from monthly payments to bi-weekly. 

This would mean paying half the amount, every two weeks – and the average borrower could shave four years and nine months off their repayment term.

This is because borrowers would end up making 26 half-payments, or paying off 13 full monthly sums in a year, rather than 12. 

However, mortgage experts have cautioned that this might not be possible for some borrowers, as not all banks are set up to take bi-weekly payments. 

> When will interest rates fall again? Forecasts…

Mediation can play a crucial role in improving the efficiency of insolvency proceedings, resolving disputes among multiple creditors, and fostering consensus among diverse stakeholders. It can help reduce delays and costs, thereby increasing the likelihood of successful restructuring for businesses and delivering better returns to creditors. This is particularly important during the “pre-commencement” stage, where a financially distressed yet viable company seeks informal, out-of-court solutions.

In light of the same, Section 5 of the Mediation Act becomes important as it allows parties to voluntarily resolve civil and commercial disputes through pre-institution mediation, either with or without an existing mediation agreement,…