Royal Mail moves further into Canada

Royal mail It’s doubling in Canada. The Postal Group has agreed to purchase the ground freight carrier Rosenau Transport for a price equivalent to approximately £ 210m.

Rosenau will be incorporated into Royal Mail’s GLS parcel business and transactions will be funded through existing cash and borrowing facilities.

Royal Mail was the first to build a foothold in Canada. 2018 purchase As part of the international expansion drive of the delivery group Dicom Former CEO Rico back.

“The combination of the two businesses will create a network that spans all of Canada, enabling GLS to cover most of Canada’s population and bring about further growth and synergies,” said Royal Mail.

simply

Electrical component Transactions in the first half of September were better than expected, he said. Widget makers have announced a 22% improvement in similar sales beyond pre-pandemic levels, but warned that labor costs and fares are showing no signs of declining. For the first half of the year, the year is likely to be more weighted than usual, with revenue and underlying profitability slightly above previous guidance, he said.

Mail order company N brown After reporting a 17% improvement in operating profit for the first half of the year, which ended in August, he said he would focus on profitable growth rather than promotion. The group, with over-the-counter JD Williams, Home Essentials and Jacamo, said sales were flat, but improved margins on financial services fully offset cost normalization.

10-pin bowling alley operator Hollywood bowl He said transactions were “exceptional” throughout the school’s summer vacation and total revenues broke records in August. Similar revenues have reportedly increased by 29% since the reopening of the alley in May, well above the board’s expectations.

High levels of UK inflation continue For longer than expected Bank of EnglandHupil, the new chief economist at Monetary Policy Committee, said he suggested agreeing with the more hawkish elements of the Monetary Policy Committee.

Work movement

Games workshop Sally Matthews, chairman of the Audit and Risk Commission, said she had resigned in less than a year. Matthews, Chief Product Officer of Recipe Box Group Gousto, was appointed non-executive director of Games Workshop last November and chaired in January. The retailer said it has begun the process of hiring new non-executive directors.

Beyond square miles

The majority of the countries of the world OECD that is Have international companies pay an additional $ 100 billion in corporate tax Move many of your tax invoices to the country where you actually do business. Estonia said late Thursday that it would resolve concerns that the deal would undermine entrepreneurs and join Ireland to sign a new deal, in signs of holdout nations’ participation.

Dublin Have Finally abandoned Its 12.5% ​​corporate tax rate has agreed to a minimum tax rate of 15%, which will bring the country a loss of about 2 billion euros. The move affects 1,556 Irish companies that employ 500,000 people. These include major US tech companies such as Apple, Google, Amazon and Facebook.

Tesla Headquarters from Silicon Valley Austin, TexasTakes advantage of the threat posed by CEO Elon Musk when he accused the Shelter-in-Place order as a “fascist” during last year’s Covid-19 pandemic.

China To a coal miner Urgently increase production The energy crisis threatens factories in the world’s second-largest economy, forcing the Xi Jinping administration to put off its climate change promises.

dozens High tech companyIncluding the most popular social media, games and dating apps, Systematically endanger children online According to a study conducted by the Children’s Digital Rights Charity 5Rights, it violates the new UK Child Law.

Important comments before going

Brexit negotiations, which largely ignored the city and financial services, Unfortunate stalemate In the world of derivative clearing. Helen Thomas Take risks and rewards prior to the expiration of temporary regulatory equivalence in June next year.

Yesterday’s City Bulletin heading may indicate that the airline refused to offer a refund if the flight was cancelled. Refunds are possible in such circumstances, but are not available if the customer cancels a flight that is not legally permitted due to a blockade.