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Financial

Financial

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Interested in a LloydsPharmacy?

Independents looking to buy a branch must consider some important factors. As Vinku Shah explains, there is an elephant in the room.

17 Mar 2023

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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

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Well Pharmacy seals Mind donations deal

Customers will be encouraged to make a 9p donation to the charity on top of their purchase when paying by card or digital wallet.

15 Feb 2023

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Majority of PDA members in NI feel professional fee is too high

PDA says it is talking to the Pharmaceutical Society of Northern Ireland about fee payments

07 Dec 2022

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NI pharmacists call urgent Stormont meeting on drug price worries

Pharmacies face 'going to the wall' without immediate support, MLAs told

25 Oct 2022

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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

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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

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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

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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

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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

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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

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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

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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

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BGMA chief defends generics price concession system

BGMA director general Warwick Smith has defended the concessionary drug price system.

17 Feb 2020

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GP contract 'bad news for community pharmacy'

The new GP contract is described as placing additional financial stress on the community pharmacy sector.

10 Feb 2020

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Cutting costs leads to profit boost for Lloyds parent company

LloydsPharmacy parent company McKesson saw a 16 per cent profit rise in its European division in the most recent financial quarter.

05 Feb 2020

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