Pfizer and Flynn Pharma to appeal £70m fine for price hiking October 27, 2022 Pfizer and Flynn Pharma have filed an appeal against the UK’s competition watchdog over its decision to fine the firms £70m for hiking the price of a life-saving epilepsy drug. Pharma giant Pfizer and privately-owned neuroscience specialist Flynn are appealing the Competition and Markets Authority’s (CMA’s) £70m fine, after the two firms previously forced the [...]
Longer lifespans require pensions system overhaul October 27, 2022 The UK population’s increased longevity poses serious problems for the country’s pensions systems, Britain’s largest long-term savings business has warned. Increasing life expectancy will require a re-evaluation of traditional notions of retirement, Phoenix Group said, in warning up to 17m British people are not saving enough to retire when they expect. The FTSE 100 insurance [...]
Government eyes bank surcharge U-turn despite Lloyds profits tumbling October 27, 2022 Britain’s biggest mortgage lender, Lloyds Bank, has set aside hundreds of millions of pounds in preparation for a surge in loan defaults caused by the rising cost of living and higher interest rates squeezing household budgets. The lender today said it had banked £668m over the three months to September to absorb souring loans, primarily [...]
Rail union calls on Mark Harper to ‘avoid the mistakes of Grant Shapps’ October 27, 2022 Rail union TSSA has called on newly-appointed transport secretary Mark Harper to “avoid the mistakes of Grant Shapps” and remove blocks to negotiations between workers and train operators. The relationship between former transport secretary Grant Shapps and union leaders has been a tense one, as unions accused him several times of blocking negotiations. Both Shapps [...]
Exclusive: Seven Dials Market boss says ‘Brexit means we are short-staffed for every shift, every day’ October 27, 2022 Brexit has “absolutely screwed” the food industry after it “ripped away” its labour source, according to the boss behind the West End’s popular Seven Dials Market. Businesses at the food and drink destination are facing staff shortages “for every single shift, every single day,” Simon Mitchell, who heads the street food market operator Kerb, exclusively [...]
Russia’s invasion of Ukraine hastens peak for global carbon emissions October 27, 2022 Russia’s invasion of Ukraine will catalyse the consumption peak in fossil fuels and global emissions across the world, says the IEA.
Total Energies hoovers up £650m dividends from Russian assets October 27, 2022 Total Energies received nearly three-quarters of a billion dollars iin dividends from Russian assets during the first nine months of the year.
Blindness in Ghana October 27, 2022 Ghana, like many nations, has a clear divide between those who are wealthy and those who live in poverty. Many Ghanaians live in conditions where they do not have access to healthcare or the resources to assist them out of the cycle of poverty. The lack of accessibility to healthcare can often push those suffering [...]
Icelandair remains ‘cautiously optimistic’ about next year as it plans moderate growth October 27, 2022 Icelandic legacy carrier Icelandair remains “cautiously optimistic” about the next year, as it plans some moderate growth despite the current inflationary headwinds. “We are in a very good position,” chief executive Bogi Nils Bogason told City A.M. today. “We can be more flexible and focused depending on how our economies are developing. “[However] people are [...]
Realistic interest rates will save us, and we have a sub-Prime Minister to thank for it October 27, 2022 This time last week, Monty Munford was enjoying a bit of lunch in Westminster when all manner of hell kicked off around him.
