UK financial regulator to review pure protection insurance market August 28, 2024 The City watchdog has announced a probe into the sale of pure protection insurance products amid concerns that "competition is not working well in the market".
Pharma giants GSK, Pfizer and Sanofi granted supreme court hearing in Zantac cancer lawsuits August 28, 2024 Delaware’s top court is set to hear an appeal from GSK and other pharmaceutical giants to throw out over 70,000 lawsuits alleging that the now-discontinued heartburn drug Zantac caused cancer. The companies, which also include Pfizer and Sanofi, are challenging a lower court ruling that allowed expert testimony claiming Zantac causes cancer – a link [...]
Naked Wines ‘in much better shape’ despite further losses August 28, 2024 Online wine seller Naked Wines has reported a slump in profit and a higher loss despite “significant strides” made over the past few months to restructure the business. Total sales fell by 18 per cent year on year to £290m in the 52 weeks ended 1 April 2024, while the company’s statutory loss before tax widened [...]
Prudential hopes sluggish first half won’t stand in the way of ambitious targets August 28, 2024 The firm reported that new business profit fell three per cent in Hong Kong compared to last year, when there was strong growth in the wake of the pandemic.
Incoming HSBC boss weighs middle management shake-up August 28, 2024 HSBC's incoming chief executive is reportedly considering measures like removing layers of middle management in a sign that he is looking to streamline Europe's biggest bank.
Starmer to woo investors as new UK-Germany deal talks launched August 28, 2024 Sir Keir Starmer is set to woo major investors during a European trip which will see him launch negotiations for a major new UK-Germany treaty. The Prime Minister is set to meet bosses from Siemens Energy and Rheinmetall, as well as investors from Thales, Eutelsat, Mistral AI and Sanofi during visits to Berlin and Paris. [...]
City sounds alarm over Starmer’s ‘painful’ Budget warning August 28, 2024 City figures have sounded the alarm over the Prime Minister’s warning of a “painful” Budget this autumn, urging him not to “punish risk takers” and warning against “taxing wealth creators”. Sir Keir Starmer delivered his first major address from the No10 Rose Garden on Tuesday as he cautioned that the state of the public finances [...]
Next London runway won’t be at Heathrow or Gatwick, says Ryanair boss Michael O’Leary August 28, 2024 The viability of Heathrow and Gatwick Airport's multi-billion plans for extra runway capacity have been questioned.
What role does foreign talent have in some of Britain’s fastest-growing companies? August 28, 2024 Foreign-born talent has once again been found leading a significant portion of the UK’s fastest-growing companies.
St James’s Place: How high fees hide the wealth manager’s real performance August 28, 2024 Investors who want to know how a St James’s Place fund compares to any other vehicle in the market have a problem: they just can’t do that. Traditionally, funds can be compared by taking into account the performance of their assets, minus the fees on the fund, and comparing that with other funds in their [...]
