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BAE Systems to appoint new boss

Posted On Sep 4 2021 by

whatsapp whatsapp Share Helen Cahill Sky News reported that BAE Systems may make the announcement shortly before its full year results, which are being published on Thursday next week, or on the same day.A spokesperson for BAE Systems said no decision had been made on a succession plan.Current BAE Systems chief executive Ian King has been at the helm of the FTSE-100 arms maker since 2008.Read more: May announces £100m defence collaboration deal with Turkey The defence company has been boosted by the current movements in geopolitics. Its share price has been spurred on by US President Donald Trump’s promise to spend more on defence. BAE Systems is reportedly set to announce a new boss for the first time in nearly 10 years.It is thought the defence manufacturer will appoint its chief operating officer, Charles Woodburn, as the new chief executive next week. Woodburn joined the company a year ago. Monday 13 February 2017 8:51 pm BAE Systems to appoint new boss BAE Systems has also been benefiting from the UK’s new push to drum up foreign trade following the EU referendum.Recently, King travelled to Turkey with Prime Minister Theresa May to sign an agreement with Turkish President Recep Tayyid Erdogan. As part of a £100m defence deal, BAE systems will manufacture fighter jets for Turkey. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com read more


The UK’s big banks need to keep a close watch on risks

Posted On Sep 4 2021 by

That was until HSBC upset the applecart yesterday with a disappointing set of results and a series of stark warnings about the upcoming European elections, potential protectionism from the US, and uncertainties arising from Brexit.Read more: HSBC shares drop 6.5 per cent as bank reveals 62 per cent profit hitThe other FTSE quoted banks may be very different beasts to HSBC, ranging from a UK-focused retail bank in the form of Lloyds, to Barclays which is keeping a foot in the investment banking camp, and RBS, which has a plateful of problems to digest.But the warnings from HSBC, Britain’s largest bank, underscore that banks are big, complex companies which are exposed to trends that are very hard to forecast correctly: central bank interest rate decisions, currency movements, stock and bond markets and unpredictable global growth levels.Read more: HSBC reveals it’s being probed over money laundering issues Tracey Boles by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated ArticlesTop 10 Date Night In Movies & Films Of All TimeUndoMushroom Stuffed Pizza: Delicious Recipes Worth CookingUndoCheesy Bacon Dip: Recipes Worth CookingUndo Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCookingAmour12 Best Natural Immunity Boosters For Cold And Flu This WinterCookingAmourUndoPaws ZillaIf A Bear Attacks You, Do What This Navy SEAL SaysPaws ZillaUndo22DailyThis Historic Photo Has Never Been Edited. Take A Closer Look22DailyUndoPOM Industries LLCPOM Pepper Spray – Next Generation of Performance, Quality and SafetyPOM Industries LLCUndoHappy Pumpkin10 Delicious Freezer Meal Recipes to Dump into the Slow Cooker – Happy PumpkinHappy PumpkinUndotibgez10 Signs & Symptoms of Lewy Body DementiatibgezUndoCremations | Search AdsHow Much Does It Cost To Be Cremated In Scottsdale?Cremations | Search AdsUndoHealthline: Medical information and health advice15 Evening Habits that are Definitely Bad for Night’s SleepHealthline: Medical information and health adviceUndoTrendybuzz11 Efficient Arm Workouts To Build Might & MuscleTrendybuzzUndo Less than a week ago, analysts were predicting that the UK’s banks could be about to turn a corner.Mega-fines appeared to be tailing off, signalling an end to the failings of the past. It was no secret that fresh challenges lay ahead for the sector, notably the costs of ringfencing and IT legacy issues, but the City was confidently expecting some strong results from the reporting season. Little wonder that Russ Mould, investment director at AJ Bell, says that banks are really in the risk-management business.This is not something they have always performed well at in the past. The reason that compliance costs are growing and ringfencing costs exist is because behaviour in the run up to the credit crunch was far, far too risky. Mould suggests banks become like the quasi-utilities of the past: safe and steady providers of credit.Read more: Banks fear rising risk costs are just around the cornerLess risk may well mean lower growth, but if that spells more stable profits, fewer provisions and fatter dividends, the benefits could be substantial to customers and shareholders alike. Nearly a decade on from the credit crunch, banking is still in transition.How it all ends for the UK’s banking behemoths, and their shareholders, is in their own hands as much as regulators.What is required in the face of numerous challenges is constant vigilance around risk, as well as adaptability. Otherwise, the fines, losses and writedowns will continue and the spectre of another crisis will haunt the sector. Wednesday 22 February 2017 5:00 am The UK’s big banks need to keep a close watch on risks whatsapp whatsapp Share read more


IEA poaches Legatum’s top Brexit adviser Shanker Singham and team

Posted On Sep 4 2021 by

Catherine Neilan by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeWordsaAt 56, Rick Harrison’s Third Wife Might Look Familiar To YouWordsaweniixTop 5 best super-luxury cars of 2021 – WENIIXweniixbest friends foreverPerfect Gift Ideas for Your Best Friendsbest friends foreverPlays StarGoodbye GAP? Every Single Store Closing in 2021Plays StarSenior Living | Search AdsClassy Assisted Living in Scottsdale Is Cheaper Than You Might ThinkSenior Living | Search AdsMagellan TimesCan You Guess Which Ellen Episode Was Voted The Worst Ever?Magellan TimesComitailBetty White, Now Almost 100, Take A Look At Her Multi-million HouseComitailfindnewtrends.comScottsdale: Why Are People Snapping Up This $89 Mini AC?findnewtrends.comRest WowTry Not To Laugh At These Pets Sleeping Anywhere But Their BedRest Wow Lawyer Victoria Hewson, economist Catherine McBride and senior research analyst Radomir Tylecote will join Singham at the IEA later this month.City A.M. understands that Singham had been seeking an alternative base from which to continue his work on Brexit after having his “wings clipped in a big way” following reports that he had helped write a letter by foreign secretary Boris Johnson and environment secretary Michael Gove.One Westminster source said: “This is amazing news, and will get the Brexit process back on track. The guys on the clean Brexit side will have the arguments they need to push civil service to do exactly that and push against [Remainers] like Philip Hammond.”One of the reason things started to go off track a bit towards late 2017 and early 2018 was because Shanker wasn’t there to keep things on track […but…] ministers rely on outsiders such as Shanker to point out things civil servants have missed out, or where they’ve tried to pull wool over eyes.”Singham’s new unit will build on the IEA’s core areas of expertise “to make positive contributions at a pivotal time for the UK, making the intellectual case for the removal of trade barriers with the rest of the world”. IEA poaches Legatum’s top Brexit adviser Shanker Singham and team Free market think tank the Institute of Economic Affairs (IEA) has poached Shanker Singham and three of his team from rival firm Legatum.Singham, who is widely seen as one of the top Brexit policy advisers and has played a key role in guiding the government’s thinking on the issue, will head up the IEA’s new International Trade and Competition Unit as director. Share It will also lead on the IEA’s work on Epicenter– an independent initiative of eight leading think tanks from across Europe – and have responsibility for the IEA’s output on financial services.Mark Littlewood, IEA director general, said: “I’m absolutely delighted that Shanker and his team are joining the Institute at a crucial time for the UK as it prepares to leave the European Union. It is vital that we educate politicians and the wider public about the benefits of free trade and open markets, reject protectionism and that we build on our proud history of being an independent, free-trading nation.”I have huge admiration for the work Shanker and his team have done at the Legatum Institute. Under Philippa’s leadership, Legatum have gone from strength to strength, becoming thought leaders in crucial policy areas of which trade is only one. I look forward to continuing our strong relationship with them, and to Shanker and his team continuing their work at the IEA.”Singham added: “As our country takes the first steps towards implementing its own independent trade policy, trade policy knowledge will be at a premium. At the same time, ensuring that we embrace competition as opposed to cronyism in this country and around the world is crucial to creating wealth and lifting people out of poverty.”We look forward to being a resource to all who need us in the trade, competition and regulatory policy space.” Friday 9 March 2018 12:05 pm whatsapp whatsapp read more


Peer-to-peer platform Funding Circle appoints bankers ahead of potential float

Posted On Sep 4 2021 by

Jasper Jolly Peer-to-peer platform Funding Circle appoints bankers ahead of potential float whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeWeniixTop 5 best super-luxury cars of 2021 – WENIIXWeniixOutside Mylovelymalinois5 Warning Cancer Signs and Symptoms.Outside Mylovelymalinoisillusion.funUse These Warnings From Nature To Avoid Emergencies Or Disastersillusion.funanymuscle.com7 Colon Pain Symptoms That Shouldn’t Be Ignoredanymuscle.comNovelodgeThe One WD40 Hack You Aren’t Supposed To KnowNovelodgeOpnio.comSign up to the top-paying survey panel site and start earning nowOpnio.comPedleb10 Early Signs of Lung CancerPedlebhttps://anymuscle.com15 Symptoms of Diabetes You Shouldn’t Ignorehttps://anymuscle.comtibgez10 Things You Should Know about Lewy Body Dementiatibgez The company will reportedly aim for a valuation of between £1.5bn and £2bn in a float which could happen in the second half of the year.Funding Circle provides a platform for smaller lenders to small business borrowers, with over £4bn in loans provided so far to businesses in the UK, the US, Germany and the Netherlands. Some 42,000 companies have borrowed money through its platform, with the bulk in the UK.The firm has grown from £50,000 lent out in its first month to more than $200m (£144m) every month, and in December passed the $5bn lending mark.The firm in May gained authorisation from the Financial Conduct Authority to launch an Innovative Finance Isa, which allows investors to earn tax-free income on peer-to-peer lending activities.Current equity investors include blue-chip tech investor Accel Partners and investment giants Baillie Gifford and BlackRock. Singaporean state-backed Temasek is also a backer, along with tech venture capital firm Union Square Ventures. Sunday 11 March 2018 9:48 am Share British unicorn Funding Circle has appointed bankers to lead an initial public offering (IPO) which will likely value it at more than £1.5bn, according to reports.The peer-to-peer lending platform has appointed Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley and London-headquartered Numis Securities to broker the deal, according to Sky News and Bloomberg. Funding Circle has raised around $250m of equity capital since 2010, including an £82m fundraising round in January 2017 which was the fifth biggest tech venture capital deal in the UK during the year.It is part of the booming UK fintech scene which raised a combined total of £2.5bn last year.Funding Circle declined to comment. whatsapp read more


Carney: Bank of England ‘well prepared’ for disorderly Brexit

Posted On Sep 4 2021 by

first_img Callum Keown Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndo whatsapp Tags: Trading Archive Carney: Bank of England ‘well prepared’ for disorderly Brexit whatsapp Its Monetary Policy Committee (MPC) had raised its main interest rate – bank rate – on 2 August in only the second increase in the decade since the financial crisis.Minutes from its September meeting said the outlook had become less clear in the six weeks since. Friday 14 September 2018 1:27 pm Carney said the BoE had used “stress tests” to make sure the country’s largest banks could meet the needs of households and business no matter what path Brexit takes.It comes after he reportedly told cabinet ministers house prices house prices could crash 35 per cent over three years in the event of a no-deal Brexit yesterday.Read more: Mark Carney warns house prices could fall by a third in a no-deal BrexitCarney was speaking at the Central Bank of Ireland in Dublin on the impact of technology on employment but his rhetoric wandered on to the subject of Brexit.He said: “The Bank of England is well prepared for whatever path the economy takes, including a wide range of potential Brexit outcomes. “We have used our stress test to ensure that the largest banks can continue to meet the needs of UK households and businesses even through a disorderly Brexit, however unlikely that may be.”He added: “Our job, after all, is not to hope for the best but to plan for the worst.”The governor made no reference to his cabinet briefing, in which he told ministers if the UK crashed out of the EU without a deal a sharp rise in mortgage rates could torped the housing market.The bank held its monetary policy yesterday amid “greater uncertainty” over the Brexit process.Read more: Bank of England leaves policy unchanged amid “greater uncertainty”on Brexit The Bank of England is well prepared for a disorderly Brexit and has planned for the worst, the bank’s governor Mark Carney has said. Sharelast_img read more


RBS share price drops as it disappoints investors on key profitability metric

Posted On Sep 4 2021 by

first_img The bank reported pre-tax profits of £961m for the quarter, up 10 per cent from £871m in the third quarter of 2017.It meant that pre-tax profits for the year so far are £2.8bn, including a £1bn settlement with the US Department of Justice earlier this year and comes hot on the heels of RBS announcing its first dividend in a decade.Attributable profit, which determines the dividend, was up 14 per cent year on year to £448m for the three months to the end of September, though this missed expectations of £507m.Meanwhile basic earnings per share stood at 3.7p, a dramatic increase on the 0.8p from the previous quarter and up from 3.3p for the same period in 2017.Revenue also grew 15.4 per cent year on year to £3.6bn for the quarter, as the bank recovered indemnity insurance recoveries of £272m. “Costs are always closely watched and operating expenses were up almost £300m on a year ago, including another £200m related to PPI. Further staff cuts and shrinkage elsewhere should at least partially mitigate conduct costs going forward, but the market is impatient.”He added: “Returning to the dividend list over the summer was hugely significant for RBS, but a modest yield cannot support a struggling share price.”Success for RBS depends on Brexit and how it impacts the UK economy. Rising interest rates are typically good for bank sector margins, but an economic downturn will damage demand for more expensive loans and mortgages. Bank profits will suffer.”What RBS saidRoss McEwan, chief executive of RBS, said: “This is a good performance, set against a highly competitive market and an uncertain economic outlook.“We are growing lending in our target markets and are in a strong position to support the economy. We’re aware there is much more work to do and are fully focused on improving for our customers.” RBS share price drops as it disappoints investors on key profitability metric whatsapp Profits are up 10 per cent year-on-year at Royal Bank of Scotland (RBS), it said in its third quarter results today, though shares dipped as it missed a key target and set money aside to handle PPI claims.The figures Friday 26 October 2018 7:34 am More From Our Partners Joe Curtis Share However, operating costs increased as it set aside an extra £200m for PPI claims, and took a £100m impairment charge to guard against a “more uncertain economic outlook” as well as a £60m impairment charge for its Irish business.Why it’s interestingShares fell four per cent in early morning trading on news of RBS setting aside money against the possibility of bad debt, despite RBS having announced its first dividend in a decade, giving shareholders back 2p per share.It also confirmed it has received approval from the Dutch regulator to serve EU customers out of Amsterdam after the UK leaves the EU in March 2019.Lee Wild, head of equity strategy at Interactive Investor, said that while profit and revenue rises were welcome, shareholders were not impressed by RBS’s attributable profit missing expectations.“Whether or not RBS made more money than many expected in the third quarter depends on which line on the income statement you look at, but whichever it is, weary investors have lost faith with RBS after these results,” he said. Tags: Company People Ross McEwan Royal Bank of Scotland Group whatsapplast_img read more


Have faith, the UK can weather the political storm

Posted On Sep 4 2021 by

first_imgI was born in the UK and it never dawned on me until recently how privileged I am to have the passport. It has opened up doors for me in my career that likely would not have been available otherwise (and would most likely be almost impossible for me to obtain now).A UK passport gave me the opportunity to work in a thriving, cosmopolitan, fast-paced city, and to progress in my career, while simultaneously exploring my interests.I recently spoke to Greg Hands, the MP for Chelsea and Fulham (one of the wealthiest boroughs in London) and asked him whether he sensed that things were taking a turn for the worse because of Brexit (I avoided bringing up the housing market). His optimistic response was: “London’s economy is doing well, and ultimately, investors still have confidence in Britain as a good place to invest because of what it has to offer.”The last part of the statement is crucial: London, and the UK, does have a lot to offer.And while we are living in a whirlwind of Brexit-related jargon (customs union, tariffs, backstops), maybe we should all have a little more faith in this country’s ability to weather storms. We are certainly a nation of umbrellas. Joumanna Bercetche whatsapp Opinion We are probably at peak Brexit-mania. There’s irate anger over the withdrawal agreement coming from all sides – no one seems to like Theresa May’s deal because it’s, well, pick your poison: not soft enough, not hard enough, not concrete enough.The financial community has started readying itself for the deal to be shot down in parliament in December before alternative options are considered.As one trader put it to me, it’s only once politicians stare down the barrel of a no-deal Brexit that the possibility of passing a deal becomes higher. In other words, things have to get worse before they get better.But that is not the point of this story.Perhaps writing this on the heels of a week’s staycation holiday has influenced my view and brushed off some of my pessimism. Long walks in the country, quaint old pubs, and reading a book by the fire can do wonders for the mind. But it also made me appreciate again just how much this country has to offer. whatsapp Sharecenter_img City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Winston Churchill once said that Brits are “the only people who like to be told how bad things are, who like to be told the worst”.In these turbo-charged political times, I would take it one step further and say that Brits not only like to be told the worst, but they often expect the worst. Tuesday 27 November 2018 7:34 am Have faith, the UK can weather the political storm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinancial 10NHL Player’s Wife Is Hands Down The Most Beautiful Woman In The WorldFinancial 10Total PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveCrowdy FanKaley Cuoco Net Worth Left Her Billionaire Husband SpeechlessCrowdy FanMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteabley Tags: Brexit People Theresa Maylast_img read more


No snowflakes here – time to get ready for the New Working Order

Posted On Sep 4 2021 by

first_img Ignorance is not bliss when it comes to understanding the next generation that will shape our futures.United Nations data shows us that Generation Z – those born after 2000 – will account for 32 per cent of the global population in 2019, and when combined with millennials, over 50 per cent of the global workforce by 2020. whatsapp Chris Brauer Opinion The New Working Order make up around 40 per cent of Gen Z, using smartphones and technology to enhance creativity and productivity. They value work-life integration, flexible working, and multi-experience lives, as well as continuous learning and moving freely between loyalties.This group is workforce-ready, fiercely ambitious, and driven to make substantial changes to the world around them through not just ideas but execution.This self-starter attitude contrasts dramatically with false narratives like “Generation Snowflake” which suggest that these young people are precious, pampered, and too easily take offence.The reality from our research is that they just get on with it, and will work through any obstacles put in their way.In fact, over half (52 per cent) of the New Working Order already pursue passion projects and side hustles, with 59 per cent of them hoping to turn that into their main income stream in the next year. Thursday 29 November 2018 9:11 am It is easy to dismiss the youth of today as entitled, self-centred, glued to their phones, and lacking depth and critical thinking. Easy, but also discriminatory, intolerant, antipathetic, and full of false biases.There is a joke that regularly does the rounds on social media that Gen Z culture is “crying about your grades while you do your homework”. Like most good jokes, we laugh because it’s funny, but also because it hints at an underlying truth. What it describes is a combination of a sense of responsibility and emotional awareness with conscientiousness and drive.Through our research at Goldsmiths at the University of London, in collaboration with Huawei, we investigated the life and work realities of Gen Z and what matters to them, as well as what we can do to support them as they advance their careers.Interestingly, our research revealed the rise of a new tribe within Gen Z – a tribe of individuals who express themselves with confidence and style, collaborate with others, engage meaningfully with the world around them, and are motivated by purpose and passion in everything they do.They are the New Working Order. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. The New Working Order also set themselves apart through their relationship with technology.British adults check their mobile phones on average every 12 minutes in the day, or 10,000 times a year. The New Working Order go further, embracing the reality that these processes of tech-infused extended cognition impact our minds’ capacity to problem-solve, releasing dopamine and activating neural pathways associated with learning.One of the most staggering findings from our study is that 66 per cent of the New Working Order are unable to create or innovate without their smartphone. They live, breathe, and learn through extended cognition as a means of understanding themselves and the world around them.This generation also prefer to learn through a range of different mediums – from formal coursework to informal online learning. Having grown up as entrepreneurial freelancers, these individuals are more open to alternative forms of education as well as creative solutions for funding it.For this reason, businesses seeking to attract these candidates should consider a corporate learning programme that includes aspects like self-directed learning, collaborative problem solving, and practical and real-world experience. Crucially, of course, they should also all leverage technology.center_img No snowflakes here – time to get ready for the New Working Order As a society, we have a responsibility to equip this generation not just with content but with resilience in our changing, technologically-infused world. Ignorance is not an option – and nor are jokes about snowflakes.The full report is at www.huaweinewworkingorder.co.uk/ Share More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapp Tags: Trading Archivelast_img read more


The Pharmacy2U boss on saving the ailing NHS and stockpiling medicine

Posted On Sep 4 2021 by

first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Monday 18 February 2019 8:01 am While I know that the NHS is one of the sacred cows, something has got to give whatsapp Admittedly, this will need to be driven by government policy – namely through changes to how chemists are paid. “We believe that the way community pharmacies will be remunerated in the future will be far more about services, rather than the current system where remuneration is dependent on how many pills they dispense,” he says.“At the moment, they haven’t got much incentive to be service-oriented. But we believe that’s changing.”Free at the point of deliveryLivingstone is an efficient talker, often preempting my questions before I have a chance to ask them – such as how the company can afford to deliver the drugs for free.Unsurprisingly, this comes down to scale. “Our total cost base is much lower than bricks and mortar chemists – because, rather than having 100 stores with 3,000 staff, we have a single dispensary that has 100 staff and uses lots of automation.”Compared to a traditional chemist, Pharmacy2U claims to be 15 to 20 per cent cheaper for the NHS. In turn, this means that the health service is able to save money, which can be spent on other vital services.Many will applaud a company that is working to aid the ailing NHS. And despite its struggles, Livingstone says that our health service has the admiration of the world. “No country has a health service with the same level of central databases that the NHS has – we are world leaders.”But he doesn’t deny that it is facing some huge challenges, and reckons that semi-privatisation of certain NHS services is “inevitable”.“While I know that the NHS is one of the sacred cows, with an ageing population and a funding ability that is at best standing still, something has got to give.”Stockpiling epidemicWe can’t talk about medicine without mentioning the fears that a no-deal Brexit will threaten the supply of drugs in the UK. But Livingstone is firm when he says his company is not stockpiling drugs, adding: “We have been specifically told not to.“If there are problems, I think we’ll be able to weather it better than other chemists. We are a service of scale, so we are able to build in a greater degree of buffer on our drugs – so we think we are very well placed. And because we are a repeat business, we have predictable demand curves.”Pharmacy2U has raised £100m in funding in the past two years, and now has 300,000 active patients. Livingstone predicts that the company will be able to serve around three million patients in the next five years.Perhaps over time, the 12,000 pharmacies in the UK will be the place people go to for a primary healthcare consultation, freeing up time for GPs to deal with more serious cases, while traditional pharmaceutical services will be conducted purely online.I guess we’ll have to be patient to find out. Tags: Amazon Brexit NHS If you give Pharmacy2U permission to access information about your repeat prescription, the firm receives a real-time message and will ship your meds from its dispensary in Leeds. Katherine Denham The first ever UK chemist opened its doors in 1734, says Mark Livingstone when I meet him for breakfast.But it’s not so much this 285-year history that’s remarkable – it’s the fact that the business of dispensing drugs has barely been disrupted during that time. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreaker Share The company also sends a reminder when you are about to run out of medication, and can liaise with your GP to dispense a fresh batch.“From a consumer perspective, it’s a breakthrough because it takes all the hassle out of getting your drugs,” says Livingstone.But it could also be a breakthrough from a business point of view, because Livingstone reckons that we’ll get to a point in the next 10 years when patients can receive the full GP treatment in a pharmacy. The Pharmacy2U boss on saving the ailing NHS and stockpiling medicine whatsapp As the former managing director of Lego says: “When you think of all the innovation in healthcare, it’s incredible to think that the pharmacy business hasn’t changed for almost three centuries.”Until now, that is, because subscription company Pharmacy2U, which Livingstone now runs, is giving the pharmaceutical sector a twenty-first century healthcheck.The drugs do workBilled as an alternative to a chemist, Pharmacy2U is for those of us – and there are lots – who have repeat prescriptions. In fact, Livingstone tells me that 43 per cent of UK adults have a repeat prescription. It’s an £8bn market in England alone.Having spent much of his career building subscription mammoths like Amazon-owned Lovefilm and healthy snack firm Graze, Livingstone seems like the right man for the job.But it wasn’t always about medicine. Initially, Livingstone’s plan was to create a subscription service for vitamins and supplements. He bought into a company called ChemistDirect with the intention of using the platform for his new business. However, he later stumbled on what he describes as the “far better idea” of an online-only business for repeat prescriptions.This already existed in the form of Pharmacy2U, which had been founded by Daniel Lee back in 1999, who still works for the business as chief pharmaceutical officer. Livingstone saw the potential, and raised £40m to merge the two entities, creating the largest online pharmaceutical supplier in the UK.Healthy circulationHere is how it works. When you are prescribed medication through your GP, you simply nominate Pharmacy2U to dispense your drugs. It delivers them straight to your home or workplace at no extra cost, eradicating the need to queue at your local chemist.It’s a bit like Ocado for drugs.Chief executive Livingstone admits that none of this would be possible without the NHS electronic prescription service. This sends information about your prescription to a central database known as the NHS Spine, which allows for the exchange of data between pharmacies, GP practices, and hospitals. Surprisingly, this is an example of NHS IT actually working well.last_img read more


Aon confirms interest in multi-billion tie-up with Willis Towers Watson

Posted On Sep 4 2021 by

first_img whatsapp Tuesday 5 March 2019 10:35 pm whatsapp Aon confirmed today it is weighing up a bid for Willis Towers Watson in what could be the insurance sector’s largest-ever merger.Willis Towers Watson’s shares had jumped to an all-time high after Bloomberg reported Aon was mulling a move for the Nasdaq-listed business. Willis Towers Watson declined to comment. Tags: Insurancecenter_img Aon later confirmed that it was in the early stages of considering a merger with Willis Towers Watson’s.Read more: Willis Towers Watson completes £85m+buy-in deal for Aliaxis pension scheme“The company emphasises that, at this point, its evaluation of a potential transaction is at a preliminary stage and there can be no certainty that any transaction will take place nor as to the form or terms on which any transaction might be pursued,” it said in a statement.“A further announcement will be made in due course, as appropriate,” it said.A deal between the two could create a business with a market capitalisation in excess of $60bn (£45bn). Aon confirms interest in multi-billion tie-up with Willis Towers Watson Share Willis Towers Watson’s shares closed up five per cent at $182.04, while Aon closed down nearly eight per cent on $157.13.There has been a wave of consolidation in the insurance sector recently, with deals including Marsh & McLennan agreeing in September to take over UK insurance and reinsurance broker Jardine Lloyd Thompson in a £4.3bn deal and Axa and XL merging last year in a $15bn tie-up.Willis, the world’s oldest insurance broker, merged with human resources consultancy Towers Watson in 2016.Read more: Willis Towers Watson merger to survive inversion rulesThe deal allowed Willis to better compete with now potential acquirer Aon and rival Marsh & McLennan. James Booth last_img read more