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Strep A antibiotics skyrocket as prices ‘hiked up to take advantage’ of demand
The cost of antibiotics needed to treat Strep A has skyrocketed – as industry professionals claim prices have been hiked up to take advantage of “unprecedented” demand. Multiple pharmacies have warned they cannot obtain the necessary medications to treat Strep A as a 16th child died in Sussex with a suspected infection on Friday – …
Business
Evening Standard
European stocks move higher as UK overhauls banking rules
UK stocks have made modest gains on the day that Chancellor Jeremy Hunt unveiled plans to overhaul post-2008 financial services regulations.The so-called “Edinburgh reforms” will implement 30 changes that are expected to “turbocharge” growth in the UK and encourage investment into the City.Faced with the argument that the move could destabilise post-financial crisis protections, Mr …
Business
Business Live
Wind energy opportunity blows into primary school minds
Inspirational wind energy workshops are being delivered to Grimsby primary schools as the next generation to join the town’s renewables revolution are targeted. RWE, building on its strategic decision to make the port a key hub last year, will have taken in four schools by the close of the year, with more planned for 2023. …
Business
Business Live
Gloucestershire hotel manager to chair national industry group
The managing director of a Gloucestershire hotel has been appointed as the new chairman of industry body the Pride of Britain Hotels. Mark Chambers, the managing director of The Greenway Hotel and Spa near Cheltenham, will head up the collective of luxury and independent hotels around the country. He takes over from Sue Williams – …
Business
Business Live
Ryanair grows Bristol Airport flight schedule and aircraft fleet
Ryanair has announced its biggest ever schedule from Bristol Airport and expanded its aircraft fleet at the South West transport hub as part of a $500m (£407m) investment. The budget carrier has added four new routes to Bydgoszcz in Poland, Porto, Marseille and Venice, taking the total number of destinations it flies to from Bristol …
Business
Business Live
Global Centre of Rail Excellence urges UK firms to enter rail construction competition
The world’s first rail testing centre in Wales is urging organisations around the UK to submit proposals to a major new rail innovation competition. The Global Centre of Rail Excellence (GCRE) is working with Innovate UK and the Department for Business, Energy and Industrial Strategy (BEIS) to offer teams up to £7.44 million of grant …
Business
Sky News
Kwarteng admits he and Truss ‘blew it’ and got ‘carried away’ with economic reforms
Former chancellor Kwasi Kwarteng has admitted he and Liz Truss “blew it” and got “carried away” with bringing in sweeping economic reforms.The Tory MP said the low-tax, small-state plans they had were “very exciting” and he was fully behind them but accepts that the way they were executed was their downfall. Mr Kwarteng announced his …
Business
Sky News
‘Twitter Files’ allege prominent right-wing figures were ‘blacklisted’
Twitter has been accused of secretly “blacklisting” prominent right-wing figures in the US in order to ensure they reached a smaller audience.High-profile right-wing individuals – such as talk show host Dan Bongino, conservative activist Charlie Kirk and anti-lockdown campaigner Dr Jay Bhattacharya – were apparently demoted by Twitter staff before it was taken over by …
Business
Sky News
Reality of financial reforms is somewhere in the middle
Depending on your point of view, Jeremy Hunt’s proposed reform of financial regulations represents a potentially significant boost to the competitiveness of the UK’s financial services sector or a potentially dangerous watering-down of rules put in place to prevent a re-run of the financial crisis.The truth, as ever, is that it is probably somewhere in …
Business
Sky News
Santander fined £107.8m for repeated money-laundering failures and risking financial crime
Santander UK has been fined £107.8m for “repeated money-laundering failures” by the financial conduct watchdog.The Financial Conduct Authority (FCA) imposed the fine as business banking customers suffered due to “serious and persistent gaps in its anti-money laundering controls”, it said. The millions owed for the lapse come at a discounted rate. Had Santander not agreed …
Business
Business Live
Princes completes £60m investment in its Cardiff soft drinks factory
Food and drink manufacturer Princes has opened its expanded drinks facility in Cardiff following the completion of its £60m investment into the site. The overall capital investment, which is the largest ever undertaken by the company in soft drinks, has enabled the company to install seven new soft drinks production lines as well as upgrade …
Business
Business Live
Hull tax professional joins HMRC anti-abuse advisory panel
An experienced Hull tax professional has been appointed to a high profile role advising on the legality of arrangements. Fiona Phillips, a partner at Andrew Jackson Solicitors, has joined HM Revenue & Customs’ General Anti-Abuse Rule independent advisory panel. The 10-strong team is made up of senior tax practitioners and legal professionals, and was launched …

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