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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

Train operators have hit back at Mick Lynch's assault on "fat cat rail bosses", saying that profits are little more than a third of the £500 million claimed by the head of the striking rail union. Bosses claim that union figures were not based on reality. They cited figures prepared by the regulator that showed that average annual profits shared among 20 operators over the last six years are £188 million - and as low as £22 million in the year to March 2020. The intervention came after three days of strike action that paralysed the entire transport network. The RMT will now decide whether to call more strikes after talks with rail chiefs broke down. Although the government is poised for more action, it is reassured by the fact that the damage to the economy is less acute than in previous strikes. Writing in The Telegraph, Grant Shapps said that rail strikes no longer have the power to paralyse the nation because people are increasingly able to work from home. “The days when … [Read more...] about Train operators hit back at RMT assault on ‘fat cat rail bosses’

People have been pushing back the boundary of the sea for centuries. Whether by building dikes in the Netherlands or creating artificial islands with soil and debris in places such as Hong Kong and Dubai, it once seemed as if nothing could stand in the way of our expanding landmass. But, with rising sea levels and disastrous flooding becoming ever more common, some communities are beginning to consider the opposite approach to counter the effects of climate change: managed retreat. Lagos, Nigeria's largest city, lies only a couple meters above sea level, making it particularly vulnerable to rising seas This could include moving from big cities. In Sydney, Australia, the latest extreme torrential rain has caused dams to overflow and rivers to break their banks, forcing more than 30,000 residents to evacuate. Areas north and south of the city were deluged with 1.5 meters (59 inches) of rain in 24 hours, which is close to the average rainfall for a year in coastal areas of … [Read more...] about As floods intensify, governments consider managed retreat

Published 13 December 2013 Share close Share page Copy link About sharing A team of British rowers taking part in a trans-Atlantic challenge had to be airlifted to safety when their vessel started taking on water during a storm. The Team Atlantic Splash crew from Kent, Sussex and Essex were five days into the race when they were rescued. They hope to recover their boat and re-join the 3,000-mile race in a few days. Skipper Neal Marsh, 44, of Worthing, said: "My priority is the safety of the team and I'd like to thank everyone involved in our rescue." The vessel, Mission Atlantic, started taking on water after a pump seal failed during a heavy storm about 130 miles south west of Tenerife. Mr Marsh said: "We'd gone from 12th place to fourth overnight and then the storm hit us. "We were all hit with the same problem, but unfortunately for us we had this problem with the … [Read more...] about Atlantic crossing rowing crew airlifted to safety

The rarest clouds on Earth were spotted by sky watchers in parts of western US, Europe and Canada over the weekend a vibrant display that has not been seen in about 15 years. Known as noctilucent, these clouds were glowing a stunning blue in the sky just after the sun moved below the horizon. Reports of the eerie-looking clouds came from Oregon , Washington, Alberta, the UK and Denmark. Noctilucent clouds (NLCs) form in the mesosphere, which is at altitudes of around 50 miles – making them the highest in Earth's atmosphere. The clouds consist of ice crystals that become visible during twilight when the sun is shining from blow the horizon. Scroll down for videos The rarest clouds on Earth were spotted by sky watchers in parts of western US, Europe and Canada over the weekend and this is the first time they have been seen in about 15 years. Pictured are the clouds over London 'There's really nothing else quite like them,' the National Weather Service office … [Read more...] about Rare clouds that glow in the dark are the most vibrant in 15 years for sky watchers in the upper US, Canada and Europe

Go on, treat yourself. How often do we say that to ourselves when we're feeling a bit down or dreary? The idea that we can boost our mood or reward ourselves when we're having a difficult time by buying things is, of course, a fallacy. But it's become so accepted that people are even prepared to get into debt to experience the briefest sense of euphoria that comes with a splurge. Naturally, companies know this and are quick to step in and encourage those who might be wavering by offering the opportunity to delay or spread out payments. The past few years have seen an explosion of such firms, especially when it comes to shopping online. But concerns have been raised that, amid the cost of living crisis, people are being tempted to buy things on credit that they can ill afford. One in three shoppers using 'buy now, pay later' services are in 'unmanageable debt', with the average borrower now paying off 4.8 purchases at once, up from 2.6 in February, according to research by … [Read more...] about DR MAX PEMBERTON: Trust me, your retail therapy makes you feel worse

As global temperatures continue to rise, corals around the world are being subject to more stress, with many bleaching in response. But a new study suggests that corals could have an unexpected ally to help protect them from bleaching – dolphin poo. Researchers from Zoological Society London (ZSL) have revealed how vital nutrients in dolphin poo can enhance coral reef productivity and resilience. 'Coral reefs are facing profound threats around the world, including climate change and biodiversity loss, but this research has identified a clear ally for them; spinner dolphins,' said Dr Tom B Letessier, lead author of the study. Researchers from Zoological Society London (ZSL) have revealed how vital nutrients in dolphin poo can enhance coral reef productivity and resilience As global temperatures continue to rise, corals around the world are being subject to more stress, with many bleaching in response Spinner dolphins: The acrobats of the sea Spinner … [Read more...] about Fin-tastic news! Vital nutrients in DOLPHIN POO could help bleached coral reefs to recover, study claims

A TEEN who lost part of her leg after being attacked by a nine-foot shark in Florida has spoken of her bloody ordeal for the first time. Addison Bethea, 17, was scalloping in water about five feet deep near Grassy Island, just off Keaton Beach, when she was attacked by the beast in Taylor County on Thursday. She was rushed to hospital with serious injuries as doctors desperately attempted to save her severely torn lib. On Friday, she described the heroic efforts of her half-brother Rhett Willingham, 22, who jumped in the water and beat the huge shark off until his sibling was free. "Rhett was just like tapping me and the something latches onto my leg. And I was like, 'That’s not Rhett'. I look and there’s this big old shark," Addison told WTXL . “I remembered from watching animal planet you’re supposed to punch them in the nose or something - but I couldn’t get around to his nose the way he bit me,” she added. Read more on sharks 'NO TIME TO … [Read more...] about Girl, 17, has leg ripped off in horror shark attack before hero brother saves her by jumping in to fight off 9ft beast

Tui cancels quarter of flights from Manchester Airport FTSE 100 adds 0.1pc S&P 500 little changed, Nasdaq up 0.5pc Matthew Lynn: Businesses must go on strike over Sunak’s disgraceful tax raid Sign up here for our daily business briefing newsletter ​ M ortgage lending fell by more than a third in April, stoking fears of a slowdown in house prices. Total lending for house purchases slumped to £4.1bn, from £6.4bn in March, as the impact of higher interest rates kicked in. Data from the Bank of England showed mortgage approvals fell to around 66,000 over the month, compared with 70,700 in March. The number of loans granted was well beneath economists’ expectations, and below the average for the half-decade before the pandemic. 6:07PM Wrapping up T hat's all from us today, thank you for following! Before you go, have a look at the latest stories from our business reporters: Bank of England to take over collapsed … [Read more...] about Housing market slump feared as mortgage lending plunges by a third

Kirstie Allsopp admits she doesn't like 'mean' reputation This article contains affiliate links, we may receive a commission on any sales we generate from it. Learn more Sign up for FREE for the latest news from the world of showbiz 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 Kirstie Allsopp has defended herself once again after remarks she made about young people getting on the housing ladder sparked outrage. She responded to a Twitter user who poked fun at the debacle, as well as the recent incident in which Kirstie swallowed her airpod. Related articles Rafael Nadal's sweary rant after question about his wife Xisca Perello Christian Horner admits 'problem' at home with Geri Halliwell Earlier this … [Read more...] about Kirstie Allsopp reignites row over young people buying homes after swallowing airpod