Covid-19 inquiry: No-deal Brexit prep stopped intensive care drugs ‘running out’, says Matt Hancock June 27, 2023 Preparations for a no-deal Brexit meant vital intensive care drugs were prevented from running out during the pandemic, Matt Hancock has told the UK Covid-19 Inquiry. Crucial medicines were “within hours of running out” in the midst of the coronavirus crisis, the former health secretary said while giving evidence to the UK’s official inquiry. Asked [...]
Odey suspends flagship hedge fund after redemption pressure – reports June 27, 2023 Odey Asset Management has suspended its flagship hedge fund after it was hit with redemption requests following the removal of founder Crispin Odey, Bloomberg News reported on Monday.
Own-brand buys and No7 skincare boosts sales for Boots June 27, 2023 Boots has revealed a surge in online shoppers and people opting for own-brand labels has driven up sales over the latest quarter. The pharmacy and retail chain said its own ranges have been flying off the shelves as consumers hunt down value. It came as its US owner, Walgreens Boots Alliance (WBA), revealed its net [...]
What we were able to change with the Financial Services and Markets Bill – part two June 27, 2023 Part two on the changes that have been made to the Financial Services and Markets Bill focuses on regulator accountability.
Supermarkets behaving badly: Asda and Morrisons bosses back ‘transparent’ fuel pricing model June 27, 2023 Supermarkets bosses have been grilled by MPs on prices at the pump and agreed to consider entering into a fuel model which would give more transparency. The government has been mulling a scheme whereby petrol stations would have to share live prices in efforts to bring more price transparency for drivers – a similar system [...]
Technology used in Bank of England’s CBDC project now available to any business June 27, 2023 Blockchain finance platform Quant is set to make infrastructure used in the Bank of England's CBDC test project available to businesses.
Bank of England’s Tenreyro warns more interest rate hikes risks pushing inflation below target June 27, 2023 A Bank of England official has said raising interest rates too aggressively could push inflation below the central bank’s target over the coming years. Departing monetary policy committee (MPC) member and professor at the London School of Economics Silvana Tenreyro today said tightening borrowing costs in an economy that is undergoing a severe external energy [...]
Four arrested as Just Stop Oil vandalise energy giant Total’s Canary Wharf HQ with paint June 27, 2023 Total Energies is the latest victim of Just Stop Oil's crusade against oil and gas firm, which chucked orange paint at its Canary Wharf base.
JD Sports: Share price sinks six per cent on market ‘softening’ warning June 27, 2023 JD Sports told investors this morning that profit is on track to smash through the billion-pound mark this year as the athleisure giant continues its expansion – but a warning on some ‘softening’ has nonetheless spooked investors. Ahead of its AGM today, the ‘king of trainers’ said trading remained positive during May – posting organic [...]
Post Brexit tariffs and EV delays could cost UK car industry over £100bn June 27, 2023 Failure to bolster the supply chains for electric cars, coupled with looming post-Brexit tariffs, could cost the UK’s car industry over £100bn in growth, a leading industry group has warned. A potential 10-fold increase in the production of electric cars worth £106 billion is as it stake, according to a new report from the Society [...]
