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T he American owners of Boots may revive plans for stock market float next year after scrapping the sale of Britain’s biggest chemist to a Wall Street buyout fund and Indian billionaire Mukesh Ambani. Walgreens, which merged with Boots in 2014 in a deal worth £9bn, said none of the offers for the “adequately reflects the high potential value of Boots and No7 Beauty Company”. The Illinois-headquartered company said bidders had struggled to arrange bank loans to buy Boots after financial markets “suffered unexpected and dramatic change”. Private equity fund Apollo and Mr Ambani had been in pole position to acquire Boots after Walgreens chairman Stefano Pessina put the business up for sale in January. But a £5bn approach — considerably lower than the £7bn Mr Pessina is said to have wanted — fell through. Ornella Barra, Boots operating chief, wrote to the company’s 56,000 staff saying she was “happy to confirm that it has been decided that Boots and No7 Beauty Company will … [Read more...] about Boots stock market float back on the table as £5bn sale collapses

By Joe Inwood Published 1 hour ago Share close Share page Copy link About sharing Related Topics Russia-Ukraine war Once more, Russia advances. Once more, Ukraine pulls back. The fierce and protracted battle that had been predicted for Lysychansk was avoided, according to the regional governor, by a strategic withdrawal. Serhiy Haidai told me: "Russia currently has a huge advantage in artillery and ammunition. They would have simply destroyed it from a distance, so there was no point in staying." That does seem to tally with Russian accounts of the capture of the city, seemingly moving in unopposed. Videos posted on social media on Sunday show Chechen fighters dancing in the central districts. And well they might celebrate. The capture of Lysychansk means that Russia has essentially taken the entire Luhansk region, a key strategic aim of President Putin's invasion of … [Read more...] about Ukraine war: What is Putin’s plan now Luhansk has fallen?

Jemma Page had her £1,500 iPhone swiped while outside the 02 arena (Image: Jemma Page) Sign up for our news briefing, including a daily special Russia-Ukraine edition SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Jemma Page had her £1,500 iPhone swiped by thugs on Saturday afternoon while visiting London for the weekend with her sister. Having travelled from Nottingham, the 29-year-old logged the crime with police within 30 minutes of it happening, but was disheartened when she received an email that same evening telling her officers were no longer investigating the case. However, the case was reopened when Met Police received other, similar reports from the area. Related articles Police diver search launched for boy last seen entering lake … [Read more...] about London tourist will ‘think twice’ about revisiting after bike thugs swipe phone

Evening briefing: Today's essential headlines Go-slow protests | Drivers faced more chaos during this morning's rush hour as campaigners blocked motorways in a protest over soaring fuel prices. Protesters created a rolling blockade along the M4, while similar demonstrations were also reported in Yorkshire and Shropshire. Watch traffic being brought to a crawl and see a map of the areas hit. Gas explosion | 'Inferno' in Bedford block of flats sparks roof collapse Tim Westwood | BBC admits it received sexual misconduct complaint New laws | Nadine Dorries 'will have power to censor the internet' Teenager's 'false bomb threat' | EasyJet flight intercepted by fighters Sour moment | Milk does not make cereal healthier, High Court rules Why Russian generals will not celebrate Luhansk's fall Russian forces have been ordered to push deeper into eastern Ukraine , as local officials warned civilians to flee the front-line after the capture of … [Read more...] about Monday evening UK news briefing: Putin’s orders to Russian forces after seizing Luhansk

On Monday, Saudi Arabia's Ministry of Hajj announced that the annual pilgrimage will, despite the worst fears of billions of Muslims around the world, still go ahead this year. It will however only be open to pilgrims (of any nationality) already within Saudi Arabia's borders, which means that for most of the two million pilgrims planning their visit next month, Hajj will not be possible due to travel restrictions. But this will also open the door to the transformational opportunity of a "virtual Hajj", where live feeds and social media allow more people than ever to participate in the event in some way. Many of those, despite the best efforts of all involved, struggle to afford the Hajj. This means that virtual participation is an important step in widening access to what is a religious obligation for approximately 2 billion Muslims. But it is an expensive obligation. In Bangladesh, for example, the minimum cost of a Hajj package is 315,000 BDT, equivalent to about $3,700—nearly … [Read more...] about “Virtual Hajj” is a painful interval—but also Islam’s most global moment yet