R OYAL Mail is tapping into the worldwide surge in online shopping with the £210 million acquisition of one of Canada’s biggest trucking firms. The delivery group’s overseas freight arm GLS International is picking up family-owned freight group Rosenau Transport to expand operations in North America’s $25 billion parcel market, …
Read More »Brighton Pier owner settles £5m pandemic insurance claims
The owner of Brighton Pier and the Lightwater Valley theme park has settled £5 million of business interruption claims with its insurers after being forced to close during the pandemic. Brighton Pier Group saw shares surge by around a quarter in early trading on Friday after it confirmed the settlement. …
Read More »FTSE climbs as US debt limit approved and energy majors get set to meet Business Secretary
FTSE 100 opened in the green as investors were relieved by the US approval of a temporary lift to the US$28 trillion debt limit to avoid a default. London’s main index added 14 points to 7,092 in early trading. Business Secretary Kwasi Kwarteng is scheduled to meet representatives of …
Read More »FTSE 100 Edges Higher as Crude Rise Helps Oil Majors
FTSE 100 Edges Higher Ahead of US Job Data 0759 GMT – The FTSE 100 edges 0.1%, or 10 points higher to 7088 as investors sit tight ahead of U.S. non-farm payrolls later. Oil stocks are among the biggest top-flight risers as the price of a barrel of Brent crude …
Read More »London open: Stocks edge up ahead of non-farm payrolls
London stocks rose in early trade on Friday after the US Senate approved a deal to raise the debt ceiling, but gains were unspectacular as investors eyed the release of the latest US non-farm payrolls report. At 0825 BST, the FTSE 100 was up 0.3% at 7,097.63. Richard Hunter, head …
Read More »Clwyd South MS Ken Skates calls for better broadband in Senedd
Reliable broadband should be available to everyone, the MS for Clwyd South has told the Senedd. Ken Skates asked for an update on how the Welsh Government is helping to connect more businesses and homes across the region on Wednesday, October 6. It comes as residents across his constituency struggle …
Read More »FTSE 100 drops into the red as UK consumer morale drops to 7-month low
London’s blue chips have lost some of their early oomph as traders eye the important US non-farm payrolls report later FTSE 100 drops 3 points Travel stocks lifted by red list news Shell shares continue rally The Footsie has dropped into the red, as the early momentum in …
Read More »Royal Mail want 20,000 Christmas workers – here’s how to apply
Around 20,000 seasonal roles are available across the UK in Royal Mail and Parcelforce Worldwide, primarily to help sort the additional Christmas volumes of parcels, cards and letters. Positions are available from the end of this month through until early January. The peak of the additional temporary work will be …
Read More »Royal Mail adds Canada freight strength with $287 million Rosenau deal
FILE PHOTO: The logo of Royal Mail is seen outside the Mount Pleasant Sorting Office as a delivery vehicle arrives, in London, Britain, June 25, 2020. REUTERS/John Sibley/File Photo (Corrects spelling of ‘Rosenau’ in headline) (Reuters) -Britain’s Royal Mail said on Friday its GLS parcel service would buy Rosenau Transport …
Read More »Royal Mail grows Canadian footprint and seeks 20,000 seasonal workers for UK
The takeover will see General Logistics Systems (GLS) expand its presence across the country, particularly in the west of Canada, and allow the company to unlock “significant growth opportunities”. News of the expansion came as Royal Mail announced details of its annual festive recruitment drive which will see thousands of …
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