Day: March 6, 2020

How leaving the EU might impact the UK medical device industry

Although the UK officially made its exit from the EU on 31 January 2020, uncertainty remains over what’s to come for both parties.

One concern is the effect Britain’s departure could have on the supply of various goods from EU member states, and the current anxiety over Coronavirus has made the availability of medical devices of particular concern.

Despite the uncertainty, Europe should remain a top priority for the UK’s SME-driven medical device industry, as it plays a large role in supplying EU member states with medical technology. However, any disruption in the manufacture and distribution of these products could be to the detriment of the NHS and its patients.

The Brexit withdrawal agreement may state that the UK will “continue to apply EU law during the transition period”, but it’s unclear what will actually happen to our business services, and the medical device industry in particular.

What are the

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John Lewis staff bonus at 67-year low as more store closures announced

John Lewis and Waitrose staff are to receive a bonus of only 2%, the lowest in 67 years, after the company reported a 23% fall in profits and said it would be closing stores.

Three Waitrose outlets – Helensburgh in Scotland, Four Oaks in Sutton Coldfield and Waterlooville in Hampshire – will shut this year, putting about 400 jobs at risk.

The John Lewis Partnership will be considering further closures and reducing the size of sites as well as opening in new locations as part of a strategic review expected to be completed in autumn.

The new chairman, Sharon White, said: “We will also look at ‘right sizing’ our store estate across both brands through a combination of new formats and new locations, repurposing and space reductions of existing stores, and closures, where necessary.”

Employee ownership, the Waitrose and John Lewis brands, strong customer service as well as quality would

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Babad, longtime Canadian biz journalist, dies at 66

Michael Babad

Michael Babad, a longtime Canadian business journalist who was at The Globe and Mail in Toronto, died Thursday at 66 from cancer.

Andrew WIllis of The Globe and Mail writes, “For much of his career, Mr. Babad was part of a team that ran business coverage at major Canadian media outlets and helped chronicle the corporate agenda. As a Toronto-based wire-service writer and editor at UPI, his articles appeared around the world. A graduate of Ryerson University’s journalism program, Mr. Babad started his career at the Oshawa Times in 1977. He was editor of The Globe’s Report on Business section for two years, national editor of The Globe and business editor of the Toronto Star.

“‘I had many interactions with Mike in the last 20 years and the common thread was that he was always trying to do his best for The Globe,’ said Phillip Crawley, the

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