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Highlights
- The country was again in crisis as thousands of healthcare and education professionals went on strike, increasing the already prevalent staff and pay crisis.
- The latest issue was identified following a survey which concluded they could not fill almost half of the education and healthcare sector vacancies.
- Meanwhile, the Royal College of Nursing is also expected to launch a new nationwide strike ballot later this month.
Strikes in the UK amidst the growing inflation and cost-of-living crisis have wreaked havoc on the country. The country was again in crisis as thousands of healthcare and education professionals went on strike, increasing the already prevalent staff and pay crisis.
Several have been complaining about the pay package which they are getting. The issue was the same when the transport authorities announced strikes last year, leading to a major loss of revenues. The latest issue was identified following a survey which concluded they could not fill almost half of the education and healthcare sector vacancies.
Both sectors have been at loggerheads for several months in bitter disputes over pay and staffing. The survey indicated that even though the wage has been increased, it's still below the lower than the median pay rise expectations of 5%.
The National Education Union (NEU) is expected to begin balloting teachers across Britain to renew its six-month strike mandate, which expires in July. Earlier, the NEU had rejected the government's pay offer of a £1,000 one-off bonus for 2022-23 and a pay rise of 4.5% in the current year.
Meanwhile, the Royal College of Nursing is also expected to launch a new nationwide strike ballot later this month. Amid this, Kalkine Media deep dives into some healthcare stocks and see how they are faring today.
Smith & Nephew (LON: SN.)
Smith & Nephew plc is a British medical technology firm that develops, manufactures devices, etc. This FTSE-100 constituent also focusses on repairing, regenerating and replacing soft and hard tissue. The Smith & Nephew plc, on 15 May, witnessed a hike of 0.47% and was trading at GBX 1282.00. With a market cap of £ 11,144.29 million, this stock has given its shareholders a YTD return of 15.48%. With an EPS of 0.60, Smith and Nephew plc have given its investors a dividend yield of 2.47%.
Spire Healthcare Group plc (LON:SPI)
The London-based British hospital chain offers a range of treatments and services and holds a market cap of £967.85 million. The stock has given its shareholders returns of 15.05% and 5.96% on a one-year and YTD basis. The shares on 15 May were trading at GBX 240 and were up by 0.21%.
ANGLE plc (LON:AGL)
The FTSE-AIM share, Angle plc, was down on 15 May -2.48% and was trading at GBX 20.24. The UK-based liquid biopsy company specialises in medical diagnostics held a market cap of £54.07 million with an EPS of -0.07 as of Monday. The AGL stock has given its shareholders negative returns of -79.66% and -59.14% on one year and on a YTD basis.
