Volatile markets and soaring gilt yields could see pensions buy-out boom, analysts say November 14, 2022 The UK could see £200bn worth of pensions buyouts over the next three years as higher gilt yields and increasingly volatile markets boost the attractiveness of bulk purchase annuity deals, analysts have said. The market for bulk purchase annuity deals could show fast paced growth over the next few years as pension funds seek to [...]
US pharma giants to merge under $145m deal to tackle opioid overdose epidemic November 14, 2022 Indivior, a US pharmaceutical heavyweight, has bought addiction and overdose treatment competitor Opiant Pharmaceuticals for $145m (£123m) The FTSE 250 pharma firm is coughing up some $20.00 per share in cash upfront, Indivior said in a statement today. Plus, a further $8.00 a piece should revenue milestones be achieved over the next seven years. Both [...]
Locals slam Sky Studios new Elstree movie hub November 14, 2022 Locals have slammed Sky Studios’ plans to expand its Elstree film and TV hub, which could create 2,000 new jobs for the local area according to the media giant. Dubbed Sky Studios Elstree North, the plans – which are subject to planning permission – would take the total number of soundstages onsite to 23, and [...]
Crypto firms look to soothe jitters as Binance announces recovery fund November 14, 2022 Crypto exchanges have looked to cool investors' fears of contagion today as the industry is rocked by the shockwaves of FTX’s collapse last week.
Workers at Jaffa Cake bars factory threaten ‘permanent strike’ over pay November 14, 2022 MORE than 750 workers at the Jaffa Cake bars factory have threatened to stage a permanent walkout over pay until bosses agree to get back to the negotiation table. Staff at the Aintree plant – who also make Jacobs Cream Crackers and Twiglets – have been taking limited industrial action since September over cost of [...]
Value of UK business tax breaks hits record £105bn in past year alone November 14, 2022 The value of business tax reliefs in the UK hit £105.3bn in the past year, up from £100.3bn in 2020-21, shows new research shared with City A.M. this morning. The £105.3bn figure represents the combined cost estimated by HMRC for the 58 significant tax reliefs available to corporates. However, these represent just a fraction of [...]
Not such a hard Brexit: Britain signs up to EU defence agreement November 14, 2022 Britain has signed up to a European Union defence agreement despite having severed ties with the EU. The High Representative of the European Union for Foreign Affairs and Security Policy, Josep Borrell, announced the move this week, in what appears to be a contradiction of the Brexit vote. Borrell, who is often viewed as the [...]
Focus on Neurodiversity: From Awareness to acceptance November 14, 2022 | Sponsored DiverCity® Podcast · Focus on neurodiversity: From awareness to acceptance In this second conversation, which forms part of a two-part special episode celebrating and understanding neurodiversity, host Julia Streets is joined by Dan Harris, CEO of Neurodiversity in Business. Dan shares how it is important to welcome, maintain and retain neurodivergent talent. They discuss the [...]
Computer says no: Frustrated businesses screaming for fresh cash struggle to get bank loans November 14, 2022 Three-fifths of small and medium-sized enterprises (SMEs) said that they currently need funding to ease day-to-day cashflow issues, according to research by asset manager Channel Capital out this morning. However, those businesses increasingly struggling to get loans from high-street banks, the survey found. And more than two thirds of SMEs reported that they need funding [...]
Wood Group forks out £97m to settle historic litigation case November 14, 2022 John Wood Group and its energy subsidiary Amec Foster Wheeler Energy are to fork out $115m (£97.6m) to settle a legacy litigation case with US energy services provider Enterprise. All parties have agreed on the settlement fee, which will be paid in one instalment within the next week, Wood Group announced this morning. Enterprise filed [...]