News

Outlook Stefano Pessina thinks I'm an idiot (this isn't a club of one, I grant you).

Business week in review

In profit …

Boots sets its sights on China

The group behind the Boots high-street chain is set to unveil fresh plans for global domination this week, to coincide with its delivery of another sharp uplift in annual profit.

Final salary pensions closing at record rate

Coalition policies blamed for accelerating trend away from most generous retirement schemes

Boots seeks deal with Budgens

Alliance Boots, the high street chemist that is selling nearly half the company to the US firm Walgreens, is in talks with the group behind the grocer Budgens about stocking its food products in Boots' outlets.

Boots says Walgreens deal should not mean job cuts

Stefano Pessina, the executive chairman of Alliance Boots, mounted a vigorous defence yesterday of his plans to sell the high street chemist and pharmaceuticals giant to the US drugstore chain Walgreens in a cash and shares deal worth $16.2bn (£10bn).

James Thompson: Tie-up hands Boots a 'new window on the world'

Walgreens says it filled 819m prescriptions in its last financial year

Boots says Walgreens deal should not mean staff cuts

Big cost savings in £10bn takeover by US giant will come from economies of scale, chairman insists

Business week in review

In profit ...

Simon English: Drugs giant's tax excuses leave a bitter taste

If you ask Stefano Pessina whether he pays enough tax, expect derision. The Italian chairman of Alliance Boots has been carping about the anti-business sentiment in the UK. The "general atmosphere" is barely tolerable, he grumbles. People don't show enough respect. And the state of the ice-cream. Don't get him started on the ice-cream. Life's tough for billionaire private-equity kings. It's a wonder they put up with the rest of us.

Business Diary: Hornby's latest roll of the dice

Everyone deserves a second chance. So those who have raised eyebrows at the news that Andy Hornby, the man in charge at HBOS when the bank hit the credit crunch buffers, has been appointed to run the bookmaker Coral, should bite their tongues. In any case, Hornby, who stood down from a stint at Alliance Boots earlier this year, knows a thing or two about gambling. OK, so the bets HBOS made didn't quite come off, but they were of an order of magnitude that Coral will never have to face.

Boots chief executive left because of 'stress'

Alliance Boots has cited "stress" as being among the key reasons why Andy Hornby left his role as group chief executive this year.

Alliance Boots hits back over tax payments in UK

Alliance Boots, the wholesale pharmaceutical and retail health and beauty retail giant, has launched a vigorous defence of its UK tax payments.

Business Diary: Moulton takes to the regions

He did it for private equity, helping to invent the business in its modern form and now he wants to do it for King's Lynn too. Jon Moulton has given businessmen in the Norfolk town a pep talk, advising them that they are in "the very best part of the UK for small and medium businesses to flourish". Not that he actually made it to their locality, you understand, appearing at the event courtesy of a video conferencing facility.

Business Diary: Hornby erased from Boots

Never let it be said that Alliance Boots is a company that does not move quickly and decisively. No sooner had it announcedyesterday that Andy Hornby, its chief executive, was stepping down with immediate effect, than all trace of him had been wiped from the company's website. We're all for corporations making sure this sort of information is as up-to-date as possible, but Mr Hornby had barely had time to clear his desk. Give the man a break.

Burnt out: Bank boss who went to Boots quits

Among the many bank bosses vilified after the British banking crisis, only Andy Hornby bounced straight back. After he lost his grip on HBOS and it had to be rescued from collapse, he was quickly rehired by Boots as chief executive.

News
Oscar Quine takes a stroll along High Street Kensington yesterday in ‘his’ electric blue stilettos
news
News
The temples of Angkor, where tourists have been stripping naked
news
News
Terry Sue Patt pictured in 1995
peopleTerry Sue-Patt played Benny Green in the classic children's TV show
News
The coffin containing the remains of King Richard III is carried on a procession for interrment at Leicester Cathedral on 22 March 2015 in Leicester, England.
news
Sport
The Queen and the letter sent to Charlie
football
Arts and Entertainment
Eurovision Song Contest 2015
EurovisionGoogle marks the 2015 show
News
Two lesbians hold hands at a gay pride parade.
peopleIrish journalist shares moving story on day of referendum
Arts and Entertainment
<p>
<b>Kathryn Williams</b>
</p>
<p>
When I was supporting Ray La Montagne I was six months pregnant. He had been touring for a year and he was exhausted and full of the cold. I was feeling motherly, so I would leave presents for him and his band: Tunnock's Tea Cakes, cold remedies and proper tea. Ray seemed painfully shy. He hardly spoke, hardly looked at you in the face. I felt like a dick speaking to him, but said "hi" every day. </p>
<p>
He was being courted by the same record company who had signed me and subsequently let me go, and I wanted him to know that there were people around who didn't want anything from him. At the Shepherds Bush Empire in London, on the last night of the tour, Ray stopped in his set to thank me for doing the support. He said I was a really good songwriter and people should buy my stuff. I was taken aback and felt emotionally overwhelmed. Later that year, just before I had my boy Louis, I was l asleep in bed with Radio 4 on when Louis moved around in my belly and woke me up. Ray was doing a session on the World Service. </p>
<p>
I really believe that Louis recognised the music from the tour, and when I gave birth to him at home I played Ray's record as something that he would recognise to come into the world with. </p>
booksKathryn Williams explores the works and influences of Sylvia Plath
News
Liz Kendall played a key role in the introduction of the smoking ban
newsLiz Kendall: profile
Life and Style
techPatent specifies 'anthropomorphic device' to control media devices
Latest stories from i100
Career Services

Day In a Page

A
Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine
Letterman's final Late Show: Laughter, but no tears, as David takes his bow after 33 years

Laughter, but no tears, as Letterman takes his bow after 33 years

Veteran talkshow host steps down to plaudits from four presidents
Ivor Novello Awards 2015: Hozier wins with anti-Catholic song 'Take Me To Church' as John Whittingdale leads praise for Black Sabbath

Hozier's 'blasphemous' song takes Novello award

Singer joins Ed Sheeran and Clean Bandit in celebration of the best in British and Irish music
Tequila gold rush: The spirit has gone from a cheap shot to a multi-billion pound product

Join the tequila gold rush

The spirit has gone from a cheap shot to a multi-billion pound product
12 best statement wallpapers

12 best statement wallpapers

Make an impact and transform a room with a conversation-starting pattern
Paul Scholes column: Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?

Paul Scholes column

Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?