Monday 6 August 2018

Virgin has been awarded almost £2bn of NHS contracts in the past five years making Richard Branson’s company one of UK’s leading healthcare providers, reveals The Guardian. In one year alone, Virgin Care won deals potentially worth £1bn. Approximately a third of the turnover for Virgin’s UK companies now appears to be from government contracts. Last year, Sir Richard Branson’s Virgin Care group sued the NHS.

The car industry is the main early victim of Donald Trump’s trade war, says the BBC. Three major automakers have warned that changes to trade policies are hurting performance. Food and drinks companies are also feeling the pinch, lowering their outlooks and hiking prices. Meanwhile, the toymaker Hasbro is moving more production out of China.

More than six million people are worried their jobs could be replaced by machines over the next decade, according to a new report. The government and trade unions are being urged to do more for those at risk from automaton, as firms begin to shed jobs in favour of automation. Online retailer Shop Direct has warned 2,000 jobs are at risk as it moves to a new distribution centre.