Smith+Nephew cuts outlook, confirms failed merger talks with J&J’s orthopaedics unit

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• Cat A COE premiums hit all-time high of $139,001 while Cat B premiums inch upwards to $132,334

  Bidding pressure intensified following the recent close of a public consultation reviewing Singapore's vehicle quota framework. Smaller and less powerful passenger cars now command higher certificate costs than open-category vehicles for the first time on record. These market shifts arrive as transport authorities evaluate long-term structural reforms that could alter future bidding tiers.

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• M&S takes more than a year to recover from cyber-attack as profits bounce back to £355m

  The British retailer navigated severe operational hurdles after an Easter 2025 breach forced buyers onto manual systems and crippled online clothing availability for over a year. Despite higher fulfillment expenses holding back non-food segments, strong food sales and an improved grocery delivery partnership bolstered broader performance. Leadership is now enacting major spending cuts to offset fresh regulatory overheads and technology repairs.

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• Cat A COE premium hits record S$139,001 in latest bidding exercise

  Strong demand drove vehicle ownership costs higher across several segments during Wednesday's exercise, even as broader policy adjustments loom on the horizon. The price pressure coincides with government reviews addressing market distortions caused by electric vehicles and technical advances bridging smaller and larger car tiers. Officials are currently evaluating public feedback on potential system reforms that could fundamentally alter how passenger car categories are structured.

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