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People admit to secret spending without telling partners
Posted onBritish adults are hiding their outgoings on things like beauty products, gambling and cryptocurrencies from their partners as part of a pattern of “secret spending”, a new report has found. More than half of adults in relationships spent in secret on a range of products, according to the research by investment platform AJ Bell and…
Wegovy pill approved by US FDA for weight loss
Posted onThe US Food and Drug Administration (FDA) has approved a pill version of the weight-loss drug Wegovy, according to pharmaceutical giant Novo Nordisk. It is the first pill of its kind to receive approval from the regulator, marking a new era for weight-loss drugs. Wegovy’s Danish makers Novo Nordisk said the once-daily pill was a…
Betfred says all its shops may close if Reeves hikes gambling tax
Posted onAll 1,287 Betfred shops could disappear from the UK High Street if Chancellor Rachel Reeves hikes taxes on gambling firms, the company’s co-founder and chairman has told the BBC. Fred Done, who set up Betfred in 1967 with his brother, said a closure of that size would put 7,500 jobs at risk. The billionaire businessman…
AstraZeneca pauses £200m Cambridge investment
Posted onMitchell LabiakBusiness reporter and Simon JackBusiness editor Getty Images AstraZeneca has paused plans to invest £200m at a Cambridge research site in a fresh blow to the UK pharmaceutical industry. The project, which was set to create 1,000 jobs, was announced in March 2024 by the previous government alongside another project in Liverpool, which was…
High Court rules Baroness Mone-linked company breached £122m Covid contract
Posted onRachel ClunBusiness reporter Getty Images A company linked to peer Baroness Mone and her husband Doug Barrowman has been ordered to pay £122m in damages after a judge ruled it breached a government contract for the supply of personal protective equipment (PPE) during the Covid pandemic. The Department of Health and Social Care sued PPE…
Ozempic maker Novo Nordisk’s board shaken up as directors quit
Posted onThe company behind weight-loss jab Wegovy and diabetes drug Ozempic will have a boardroom clear-out, with seven board members including the chairman set to depart. Novo Nordisk on Tuesday said chairman Helge Lund, vice chair Henrik Poulsen and five directors will not stand for re-election at an extraordinary investor meeting in November. The departures came…
