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Imperial's Defence Investment Holdings Top of List of London 1 FRIDAY 07 FEB Ereira’s Business Insight RCSU Broadsheet is out Today! Nida Mahmud interviews tutoring Available around campus and online entrepreneur Marcus Ereira 6 “Keep the Cat Free” 07/02/14 Issue 1567 felixonline.co.uk Imperial’s Defence Investment Holdings THIS ISSUE... Top of List of London Universities TELEVISION Aamna Mohdin News Editor London Student investigation found Imperial College London has the most invested in the arms industry.A Compared with ten other London universities, Imperial’s holdings in defence companies comes The American Horror out on top with investments totalling £3.9m. A Freedom of Information Story 32 request found the college has shares in four defence manufacturers Imperial College has £1.75 million worth of shares in General Electric (GE), one of the biggest arms- SCIENCE producing companies in the world. A recent report in the Stockholm International Peace Research Institute (SIPRI) ranked GE 18th in its top 100 list of arms-producing and military services companies. The company supplies the necessary technology for combat aircraft, military transport, helicopters and drones. GE have previously claimed that their arms production “provide the necessary power and reliability for any military First GM Monkey born application. GE’s engines are proven in service and continue to operate in in China 9 WEAPONS.technOLOGY.YOUngesteR.COM IMPERIAL COLLEGE LONDON USMILitaRYHELICOPTERS.ORG critical missions around the world.” The college has a £922,000 stake in Inmarsat, a global telecommunication yet Rolls Royce is the 2nd Largest Holly-Rae Smith of Campaign A College spokesperson stated, that has close ties to the US defence Manufacturer of Aerospace Engines against Arms Trade told London “Imperial’s Endowment Board community. Inmarsat are proud powering approximately 25% of the Student: “Quite often, students have manages those College assets that FILM to provide “rapid, secure and world’s military aircraft and has its no say in what their university invests are not essential to the core academic reliable access to mission-critical equipment installed on over 2,200 in. It’s quite secretive. Student’s tuition mission of the College and that can information.” Imperial College has warships including all of the UK’s fees end up invested in companies therefore be managed with a pure £489,000 worth of shares in Texas nuclear submarines. they consider unethical.” investment focus, with the aim of Instruments, a company that entered Tara Clarke of Fossil Free Imperial Supporters point out that many supporting Imperial’s research and defence electronics market in 1942. said: “I worry about my university’s of these companies are involved in a teaching activities. Texas Instruments produce the support of the arms industry who wide range of products, not just those The Board’s Terms of Reference “latest technology, manufacturing deals to countries with worrying associated with defence. GE, though include an obligation to maintain a capability and product mix for civil rights records and regimes that one of the biggest arms producing diversified portfolio of investments, advanced and critical aerospace and repress democracy. companies in the world, produces to have regard to the suitability of military applications.” The college In a university with a centre of the majority of the world’s electronic the investments within this portfolio What is the Dallas has a further £753,000 stake in Rolls research for blast injuries, it doesn’t devices including everyday light bulbs and to manage the investments in Royce, a company that is more likely make sense to support an industry to fuel cell technology. a way that is appropriate to achieve Buyers Club? to bring to mind flash cars than which creates these injuries in the first Felix asked College yesterday if the investment objectives set by the 28 fighter jets and nuclear submarines, place.” they had any comments on the issue. College’s Council”. FRIDAY 07 FEB 3 Editors: Aemun Reza, Nida Mahmud, Maciej Matuszewski, Aamna Mohdin NEWS [email protected] Imperial College publishes Imperial Spin-off Seeks £175m in Stock Market IPO animal research action plan in responce to cruelty allegations WIKIMEDIA the cat allergy products. Nida Mahmud Circassia’s chairman Dr Francesco News Editor Granata said: “This IPO is a logical step in the evolution of the Company as we seek to exploit fully our assets ircassia, a spinoffand prepare for commercial launch of company from an our lead product, Cat-SPIRE” Imperial lab discovery in The CEO of Imperial innovations, 2006 has announced that Russ Cummings said: “Circassia it plans to float on the is a great example of our business CLondon Stock Exchange. It hopes to model in action, supporting UK raise approximately £175 million in science and research alongside this the initial public offering. high calibre management team and Carissa is Imperial Innovation’s Board. Circassia benefits from a largest portfolio company, it is a strong group of existing investors biopharmaceutical company at and this listing creates an excellent clinical-stage. Imperial Innovations opportunity to build a leading UK- has a 19.7% equity stake in Circassia. based biopharmaceutical company Carissa develops immunotherapy which is addressing a substantial and products to treat different allergies, growing international market. such as to cats and grass. ToleroMune The announcement of Circassia's is the novel technology that has been intention to float on the Main used to create the products. Market in London follows the recent The money raised will be used to NASDAQ IPO of Oxford Immunotec, commence the final stage of clinical illustrating the considerable strength testing for some of the products, as in depth and maturing of our well as to pay for the market launch of portfolio." takes into account its Brown’s rec- the Home Office animal experimen- Maciej Matuszewski ommendations. The Plan focuses on tation licenses. Sponsored Editorial News Editor strengthening the College’s commit- The Report states that the College ment to the “replacement, reduction hopes that these changes will benefit and refinement of the use of animals “Imperial’s aim of being an inter- mperial College has published in research (3Rs)”, with animals only national leader in animal research”, Student Discounts At a new “Action plan for world being used in research “when there which it considers to be “essential class animal research”. This is no alternative, and when their use for improving human and animal follows allegations made last is shown to be essential for creating health and welfare”. The CBS board Fresh Hairdressers April by the British Union for new knowledge, making scientific has been instructed to produce a re- Ithe Abolition of Vivisection (BUAV) and medical advances and develop- port by the end of the year detailing 70m from South Kensington tube that the College was involved in ing new treatments”. the College’s progress towards these unethical animal research. This led The College has committed to re- goals. to College setting up an independent cruiting a new Director of Bioser- Professor Dermot Kelleher, Dean committee – led by Professor Steve vices and the formation of a Central of Imperial’s Faculty for Medicine Brown, Director of the Medical Biomedical Services (CBS) Board. and Vice President (Health), said: Research Council’s Mammalian The Director and Board will oversee “In the past few months we have en- Men’s cuts £22 (normally £35) Genetics Unit at Harwell – to all research involving animals. They gaged widely in search of best prac- All over clipper cuts from £10 investigate the treatment of animals will be responsible for making such tice for managing world-leading, Women’s cut and rough dry £28 at Imperial. research more open and account- complex multi-site animal research Women’s cut and salon finish Reporting in December, the com- able, and putting in place a stronger facilities. I am grateful to colleagues blow-dry £38 (normally £55) mittee “commended the College’s ethical review process. They will across the UK for sharing their ex- Highlights from only £40 animal care staff and the standards also liaise with the existing Animal pert advice and hope that our action of husbandry” but criticised the sup- Welfare and Ethical Review Body plan may also help the broader com- Sorry CASH only! port and leadership structure in the (AWERB), which will be given new munity in strengthening its work field of animal research. Professor staff and have its remit strength- in this area. Imperial’s new action FRESH hairdressers are offering Brown commented that: “Our inves- ened. Sub-branches of the AWERB plan will change the culture towards the best haircuts, prices and Appointments available Tuesday to tigation identified a number of seri- will also be established in individual animal research at the College, by service in South Kensington. Saturdays 9.30 to 6.30 ous concerns on the conduct, man- labs and research groups to allow improving the way we manage this agement and oversight of animal closer contact with researchers. It work in a clear, accountable and Please call 0207 823 8968 to We are only 70 metres from research at Imperial College. ... Im- is hoped that this new support and transparent way, finding more ways book an appointment and ask for South Kensington station at 15a perial College is internationally rec- oversight structure will help staff of applying the 3Rs, and strengthen- a student discount. Please bring Harrington road, South Kensington, ognised as one of the world’s best re- working with animals identify how ing our investment in how we assess your student ID we look forward to SW7 3ES 0207 823 8968. search institutes and it is important to best achieve the 3Rs and ensure and review research proposals. Our seeing you. that this is matched by its standards that the highest standards of ani- aim remains to deliver world class We use the best styling products Check out our website: of animal use and welfare.” mal welfare are maintained.
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