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Financial

Financial

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Covid winding up restrictions eased

To protect their commercial interests, businesses should be alive to changes as insolvency legislation continues to evolve, say Solicitors Melania Constable and Georgina O’Sullivan 

01 Dec 2021 , 1 Min Article

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Pharmacy2U enjoys financial boost after unprecedented demand

A £7.2 million loss in 2020 was turned into a £100,000 profit before tax for the year ending March 2021

09 Sep 2021 , 1 Min Article

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Boots profits fell by 254% in 2019-20

The 2019-20 financial year saw Boots' profits fall by more than 250 per cent compared to the previous year according to a Companies House report.

20 May 2021 , 1 Min Article

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Boots profits down 11.5 per cent 'due to Covid'

The last financial quarter saw Boots UK hit with a 9.1 per cent drop in retail sales and an 11.5 per cent drop in adjusted gross profit.

08 Jan 2021 , 1 Min Article

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Pharmacy2U slashes its losses by £12 million

Pharmacy2U lost significantly less money in the year ending March 2020 than in the previous year, its latest annual report shows.

07 Jan 2021 , 1 Min Article

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Rowlands' losses more than double 'due to Category M changes'

Rowlands attributes a £71.3m financial loss to Government decisions including changes to Category M reimbursement prices. 

22 Sep 2020 , 1 Min Article

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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. 

24 Jul 2020 , 1 Min Article

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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. 

07 Jul 2020 , 2 Min Article

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BGMA chief defends generics price concession system

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

17 Feb 2020 , 1 Min Article

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GP contract 'bad news for community pharmacy'

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

10 Feb 2020 , 2 Min Article

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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.

05 Feb 2020 , 1 Min Article

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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.

30 Jan 2020 , 1 Min Article

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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.

09 Jan 2020 , 1 Min Article

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Lloyds axes 60 stores due to €exceptionally challenging€ year

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

08 Jan 2020 , 1 Min Article

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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.

07 Jan 2020 , 1 Min Article

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