Infected blood scandal: Compensation for some victims by end of the year after review August 16, 2024 The government has published its report into the infected blood scandal, saying it will pass legislation this month and expect compensation by the end of the year for victims. The long-running scandal saw thousands given infected blood, leading to infections and diseases which killed many. It has been reported that 30,000 have been infected with [...]
Revolut achieves $45bn valuation in employee share sale August 16, 2024 Revolut has cemented its position as Europe's most valuable private technology company after securing a $45bn (£34.9bn) valuation in a share sale by employees.
PwC faces lawsuit from property developer over ‘negligent’ tax advice August 16, 2024 PwC is facing a lawsuit from Revelan, a UK commercial property developer, alleging that the firm provided “negligent” tax advice that caused Revelan to face a £3m tax bill. Revelan, which was previously backed by US investment manager Ares, is seeking £6.6m from PwC, according to reports from the Financial Times. The company claimed that [...]
Treasury plans talks with Revolut as fintech giant favours US listing August 16, 2024 The UK government is seeking to highlight London's attractiveness in planned talks with Revolut, as Britain's biggest fintech reportedly favours the US for a potential blockbuster IPO.
Strict advertising rules are pushing formula milk prices to record highs, CMA finds August 16, 2024 Strict advertising rules around infant formula milk are leading to “historically high” prices for UK parents, the Competition and Markets Authority (CMA) said today. The watchdog said its investigation into formula prices had found that current regulations, which heavily limit how brands can advertise their products, were hindering price competition. It said that since price [...]
WH Smith launches first cafe in push to hospitality and food-to-go market August 16, 2024 WH Smith, the 232-year-old stationery store, has decided to move into the hospitality scene with the opening of its first café.
US approves Astrazeneca lung cancer drug Imfinzi for treatment August 16, 2024 Astrazeneca’s lung cancer drug Imfinzi has been approved for treatment in the US to be used both before and after surgery, just days after the company’s market value hit £200bn for the first time. Imfinzi, which is meant to treat early-stage non-small cell lung cancer alongside chemotherapy, is administered before and after surgery. The approval [...]
UK retail sales tick up in July after summer discounts and Euros boost August 16, 2024 Friday's data is among a raft of economic figures released this week that will provide key indicators for Bank of England policymakers as they decide whether to cut interest rates in September.
Team by team: Premiership Rugby transfer analysis August 16, 2024 It’s fair to day that I had my fair share of transfers when I was playing professional rugby across England and France. And while rumours of who is going where remains one of the most fascinating parts of the rugby off-season, the confirmed transfers – a month our from the new season – allow us [...]
Savills: Bank of Mum and Dad to pay out almost £30bn over the next three years August 16, 2024 First-time buyers will receive almost £30bn in financial support from their parents over the next three years as the housing ladder slips increasingly out of reach for independent young buyers. Gifts and loans from the Bank of Mum and Dad totalled £9.4bn in 2023, according to the latest analysis from property firm Savills. This figure [...]