2 w. ago ‘Patients will suffer’: tales from the frontline of the UK pharma crisis

The pricing standoff between government and industry has stalled research and put thousands of jobs at risk‘We want to see more investment flow to Britain,” the chancellor, Rachel Reeves, urged of big pharmaceutical companies this month, as she indicated that the government was willing to increase the price it pays for NHS drugs. Ministers are likely to announce a rethink on pricing soon, potentially by the end of this week.But the size of that rise remains uncertain. The big question is whether it will be generous enough to convince pharmaceutical companies, which account for a near-£100bn slice of the UK economy, to resume the investments they had paused in a strong-arm campaign to secure concessions from government. Continue reading...

Science

3 w. ago North Sea oil and gas firm Petrofac files for administration putting 2,000 British jobs at risk 

A NORTH Sea oil and gas firm filed for administration yesterday, putting thousands of British jobs at risk.  Petrofac employs about 2,000 people at its UK base in Aberdeen, including 1,200 offshore employees and a further 800 training and operational roles.  The oil services group is tumbling into insolvency after a planned restructure collapsed last...

Society

3 w. ago Petrofac plunges into administration as thousands of jobs at risk in Scotland

The company employs more than 7,000 workers globally, with around 2,000 of these based at its North Sea hub in Scotland, according to reports.

Events

3 w. ago Thousands of jobs at risk as oil and gas firm calls in administrators

Thousands of North Sea jobs are at risk after oil and gas services group Petrofac announced plans to appoint administrators on Monday.

Society

3 w. ago Thousands of jobs at risk as Petrofac files for administration

Operations will continue while application for holding company of former FTSE 100 group proceeds

Events

3 w. ago North Sea: 2,000 jobs face the axe as oil and gas firm Petrofac appoints administrators

Thousands of Scottish jobs are at risk following the announcement from Petrofac

Society

3 w. ago North Sea: 2,000 jobs at risk as oil and gas firm Petrofac appoints administrators

Thousands of Scottish jobs are at risk following the announcement from Petrofac

Society