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Financial

Financial

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NPA: It would be an insult if GPs and not pharmacies were supported with NI rise

Chancellor Rachel Reeves said the biggest overall tax increases since 1993 will help fund £22.6 billion for the NHS.

04 Nov 2024 , 1 Min Article

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Pressure on pharmacies will increase because of GPs’ industrial action

Warnings that patients will flood pharmacies after GPs voted to stage industrial action for first time in 60 years.

01 Aug 2024 , 2 Min Article

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Health boards struggle to monitor dispensing fraud risk in Wales, says report

An Audit Wales pilot looked at potential “risks around fraud and cost” relating to “expensive items”, specials and “higher cost formulations”.

07 Jun 2024 , 5 Min Article

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Boots posts 12th quarter of retail market share growth

Boots is reporting retail sales growth of 5.9 per cent for the three months to 29 February 2024, on top of a 16 per cent increase in the prior year quarter.

02 Apr 2024 , 2 Min Article

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Two changes to Drug Tariff pricing being phased in from April

The way Cat A prices are set is changing, and a top up system for concession prices is being introduced, the NHS BSA has announced.

12 Mar 2024 , 1 Min Article

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CPE secures ‘price improvement’ on atorvastatin tablets

Concession price to rise by 46p following negotiations

10 Aug 2023 , 1 Min Article

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LloydsPharmacy appeals to NHS to reimburse Covid ‘thank you’ staff payments

Multiple disputes finding that payment was a 'business decision' and not a reimbursable expense

01 Aug 2023 , 1 Min Article

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Government to ‘U-turn on axing free prescriptions for over-60s’

Plans to raise eligibility age to 66 will be abandoned according to reports

16 Mar 2023 , 1 Min Article

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Well Pharmacy donates $400k of medicines to Pakistan flood relief

Well donates medicines as parent company Bestway raises $2.3m in relief funding

03 Oct 2022 , 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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