J&J and three other drug distributors settle opioid crisis lawsuits for $26bn February 25, 2022 US pharma giant Johnson & Johnson, and three of America’s largest medical distributors, have agreed to pay $26bn (£19bn) to settle more than 3,000 lawsuits over the role they played in fuelling America’s opioid crisis. New Jersey drugmaker J&J, and medicine distributors Cardinal Health, AmerisourceBergen, and Distributors McKesson, finalized a deal through which they will [...]
RMT adds strike action on Trans Pennine Express on top of rail and tube February 25, 2022 The National Union of Rail, Maritime and Transport Workers (RMT) has announced that Trans Pennine Express conductors will join rail and tube workers in a strike action during the weekend. Conductor members on Trans Pennine Express will stage a 24-hour walkout over salaries, announcing an additional programme of strikes through June. Night Tube drivers will [...]
Government agrees to extend TfL funding until June February 25, 2022 The UK Government has agreed to extending Transport for London’s (TfL) funds until 24 June, the public body announced today. According to TfL’s commissioner Andy Byford, while the £200m extension is very welcome the government still needs to consent to a longer-term financial deal to help the body avoid a £1.5bn financial black hole. “The [...]
John Lewis ditches ‘never knowingly undersold’ pricing pledge February 25, 2022 John Lewis will ditch its iconic “never knowingly undersold” pricing pledge on the grounds it does not reflect the current retail landscape, as high street stores look to fend off competition from online retail giants.
Facebook and Twitter tell Ukrainian users to protect themselves against hacking February 25, 2022 Social media platforms Facebook and Twitter have warned Ukrainian users they may be vulnerable to hacking, after Ukraine experienced a series of cyberattacks in the wake of Russia’s invasion. In a tweet, former Lib Dem leader Nick Clegg, head of global affairs and communications at Facebook owner Meta said the firm would be monitoring its [...]
UK commercial vehicle manufacturing goes up in January as international demand increases February 25, 2022 Even though it was the worst January for UK automotive production since 2009, last month saw a 22.2 per cent increase in commercial vehicle (CV) manufacturing. According to data from the Society of Motor Manufacturers and Traders (SMMT), in January the UK produced 6,860 vans, trucks, taxis and buses – an increase on 2021 levels [...]
UK-based Chinese companies suffered from global instability last year, new research shows February 25, 2022 Revenues generated by Chinese companies working in Britain have dropped by almost a third, due to global instability and the impacts of Covid-19, according to new research. Chinese companies employed 61,000 UK residents contributed £63bn to the British economy in 2021, according to new figures from the Tou Ying Tracker. The £63bn in revenues generated [...]
EP: 113 Kempton, Newcastle & Hong Kong February 25, 2022 With four graded races on the card, Kempton provides Saturday’s top quality action, whilst Newcastle stages the marathon Eider Handicap Chase on the same afternoon Trainer Harry Fry runs Phoenix Way at Kempton, hoping to give owner JP McManus another big Saturday winner and he joins us on today’s podcast City A.M. racing editor Bill [...]
Letters: Can we be friends again? February 25, 2022 [Re: UK’s leading fintech bosses call on government to ramp up efforts to overhaul regulation, Feb 21] I’m surprised to see fintech leaders calling on the government to overhaul regulation. A year on from the Kalifa Review, and with investment hitting a record $37.3bn in 2021, the UK’s fintech space is thriving. I’d argue this [...]
UK life insurers to have ‘tens of billions’ freed up by scrapping EU’s Solvency II regulation February 25, 2022 UK life insurers will be freed up to invest “tens of billions” of pounds more after the decision to scrap the EU’s Solvency II regulation post-Brexit, City minister John Glen has said. Glen, writing in City A.M., today said changes to the much-maligned EU regulation will unleash investment into “growth-supporting infrastructure like wind farms and [...]
