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Financial

11 results found for: financial

GPhC presses ahead with premises fee hike despite opposition

The GPhC is to increase its premises renewal fees by £103 from next April, despite two-thirds of consultation respondents opposing the plans. 

Lloyds embarks on restructure with possible redundancies

Hit by rising costs and falling income, LloydsPharmacy has told staff it will soon embark on a restructuring process that could spell redundancies. 

BGMA chief defends generics price concession system

BGMA director general Warwick Smith has defended the concessionary drug price system.

GP contract ‘bad news for community pharmacy’

The new GP contract is described as placing additional financial stress on the community pharmacy sector.

Cutting costs leads to profit boost for Lloyds parent company

LloydsPharmacy parent company McKesson saw a 16 per cent profit rise in its European division in the most recent financial quarter.

Squeezed margins ‘the biggest threat facing pharmacy’ in 2020

Pressures on gross margins are the biggest threat facing community pharmacies in 2020, according to a new survey.

Worrying number of pharmacies running a deficit

A recent analysis commissioned by GPhC suggests a worrying number of pharmacy businesses are operating at a deficit.

Lloyds axes 60 stores due to “exceptionally challenging” year

LloydsPharmacy closed or sold 60 branches last year amid an “exceptionally challenging” business climate.

GPhC eyes 40% fee hike for pharmacies

The GPhC is proposing to raise its yearly registration and renewal fees for pharmacy premises from £262 to £365.

Walgreens “formally approached” for corporate buyout

Walgreen Boots Alliance has reportedly been “formally approached” by New York-based private equity firm KKR & Co.

Boots hit by profits drop – tough UK market to blame

Walgreens Boots Alliance sees a quarterly 20 per cent fall in profits for its retail pharmacy international division.



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