Boots: Profit jumps after closing hundreds of stores Retail Profit at Boots has surged as the high street pharmacy chain closed hundreds of stores during its latest financial year as its owners abandoned plans for an initial public offering (IPO). The Nottingham-headquartered business shuttered 334 locations in the year to the end of August 2024, new accounts filed with Companies House have revealed. Instead [...]
GSK and Astrazeneca shares slump as Trump vows drug price cut pharma GSK and Astrazeneca shares fall as Trump announces drug price cuts in a new executive order.
Boots warns of higher Budget costs amid sales surge Retail High street pharmacy giant Boots has warned it faces “heightened cost pressures” in 2025 following the Autumn Budget as it revealed strong sales towards the end of last year. The new boss of the Nottingham-headquartered company, Anthony Hemmerdinger, added that while Boots has come under increased pressure, “the business is focused on navigating these and [...]
The Notebook: Why pharmacies could be key to NHS reform November 6, 2024 Want to reform the NHS? How about using the assets we've already got, writes Charac CEO Santosh Sahu in today's Notebook.
New Boots UK boss named after Seb James’ departure and aborted IPO September 12, 2024 Anthony Hemmerdinger has been appointed managing director of Boots UK and Ireland only months after the high street pharmacy chain’s US parent company once again shelved plans to sell or list the business. Current managing director Seb James, who has run the company since 2018, will pursue a new role in the healthcare sector. Hemmerdinger [...]