Aspire Pharma buys Morningstar healthcare divisions in undisclosed sum October 3, 2022 Aspire Pharma has bought Morningside’s pharmaceutical and healthcare divisions, as well as their subsidiaries for an undisclosed sum. The deal cements an ongoing post-pandemic trend of consolidation within the pharmaceutical and healthcare sectors. Morningside’s boss Tim Brady added that the deal will give Aspire access to over 120 mid and late-stage programs. Chief executive officer [...]
UK trade secretary to focus on boosting exports over signing new trade deals October 3, 2022 The new UK trade secretary has indicated she wants to concentrate more on boosting exports within current trade deals than signing new agreements. Kemi Badenoch told the Conservative party conference today that “trade deals are great, but it’s not the only thing” and that she wants to help businesses better navigate current agreements to boost [...]
Deloitte to let UK staff cash in on pensions with new flexibility policy October 3, 2022 Deloitte is set to let its UK staff take their pensions contributions as cash payments on top of their salaries as part of a new “flexible pensions” policy announced by the firm today. The accounting firm today told 22,000 of its UK staff it will let them receive cash payments on top of their pay [...]
UK blocks Russia from buying professional services following annexation of Ukrainian regions October 3, 2022 The UK has placed new sanctions on Russia, blocking its citizens and businesses from purchasing an array of services from British firms, over the Kremlin’s decision to annex four regions of Ukraine. The new sanctions seek to further damage Russia’s economy by hindering the country’s access to IT consultancy, architectural, engineering, accounting, and commercial legal [...]
Customers gain £150m rebate from underperforming water companies October 3, 2022 Customers from eleven water firms will enjoy rebates on their energy bills, revealed industry regulator Ofwat.
Frasers edges closer to MySale takeover October 3, 2022 Frasers Group has inched further towards a takeover of My Sale, after snaring a 50 per cent stake in the Australian e-commerce firm. The Sports Direct owner upped its stake in the business, after snaring 100,000,000 MySale shares from investment firm Jackson Family Capital and 62,145,385 MySale shares from former vice-chairman and founder of the [...]
GLA Conservatives launch investigation into ULEZ expansion consultation October 3, 2022 GLA Conservatives have launched an investigation into the consultation on the ULEZ expansion after allegations emerged. Nick Rogers, GLA Conservatives’ transport spokesperson, wrote to London mayor Sadiq Khan demanding the consultation be opened to public scrutiny after the Telegraph this weekend reported that votes against the expansion might have been improperly removed. “TfL has excluded [...]
Europe risks supply crunch this winter if Russia cuts off gas, warns IEA October 3, 2022 Europe will be on the verge of a supply crunch this winter if Russia turns off the taps into the continent, warned the IEA.
‘What a day!’: Kwarteng says his plan created ‘turbulence’, but it’s ‘not irresponsible’ October 3, 2022 Kwasi Kwarteng has said he will focus on “delivering the major parts of our growth package” in the wake of his U-turn on tax cuts for the UK’s highest earners, while insisting his plans are “not irresponsible”. The chancellor moved to calm Tory party fears about the U-turn and said his mini-Budget 10 days ago [...]
Majority of UK firms to ramp up business travel spending by next year October 3, 2022 The majority of UK businesses are set to ramp up their travel spending in the next year, according to research. Data published on Monday by American Express revealed that 68 per cent of UK companies would increase their business travel spending by at least 50 per cent, while four in ten firms are looking to [...]
