Britain’s postal operator Royal Mail, whose workers have helped the nation cope with coronavirus lockdown, is to axe 2,000 management jobs as it battles ongoing turmoil LONDON – Britain’s postal operator Royal Mail, whose workers have helped the nation cope with coronavirus lockdown, said Thursday that it will axe 2,000 …
Read More »FTSE 100 recovers from weak start after latest European Central Bank intervention
The European Central Bank said it will offer loans to central banks outside the Eurozone. FTSE 100 eases 10 points ECB addresses possible euro liquidity issues Auto Trader slides as it reveals impact of lockdown restrictions The trading session is barely 90 minutes old and its already …
Read More »Royal Mail unveils drastic restructuring | Business
Good morning. Royal Mail is to cut about two thousand jobs as part of a drastic restructuring plan, with its UK business expected to be heavily loss-making this year. Keith Williams, the interim executive chairman, said the company had “not adapted quickly enough” to the trend in the UK of …
Read More »Royal Mail to cut 2000 management jobs due to coronavirus challenges
Deeside.com > News Posted: Thu 25th Jun 2020 Updated: Thu 25th Jun Royal Mail has said it is cutting 2,000 management jobs as it struggles to deal with the effects of the coronavirus crisis. The cuts are intended to deliver cost savings of £130m a year. Royal Mail said the …
Read More »Royal Mail to cut 2,000 management jobs as profits tumble
Royal Mail will axe 2,000 management jobs as it looks to trim £130m from its wage bill, after profits slumped and the company decided not to pay a dividend next year. The UK postal service said it was undertaking a three-step plan to address the impact of coronavirus that would …
Read More »FTSE 100 to start lower after second wave coronavirus fear hits Wall Street
America’s COVID numbers are rising in some states – such as Florida, Texas and California. The FTSE 100 is set to start Thursday on the back foot as global equities continue to struggle for sentiment, as international trade friction and ‘second wave’ coronavirus fears remained. CFD and spreadbetting firm IG …
Read More »Big hitters who’ve made the switch | Business
Companies that hire business leaders from different industries to their own are apt to have shareholders scratching their heads. Sometimes, however, the unconventional pays off. A select few chief executives seem able to move seamlessly from one sector to the next. Adam Crozier built his career bounding from advertising (Saatchi …
Read More »Meghan Markle and Prince Harry volunteer at LA bakery
Meghan Markle and Prince Harry donned hair nets and facemasks as they volunteered alongside former gang members at a Los Angeles bakery. The Duke, 35, and Duchess of Sussex, 38, who are currently living in Tyler Perry’s $18 million mansion in Los Angeles having stepped back from royal duties in …
Read More »Coronavirus UK: 64 new fatalities in preliminary death toll
Britain today announced 154 more Covid-19 deaths and just 653 coronavirus cases, in the lowest daily jump for more than three months as the outbreak continues to fizzle out. Department of Health figures show the overall number of victims has now topped 43,000 — but other grim data taking into account …
Read More »Rock band Queen headlines new stamps from Royal Mail
By Denise McCarty Great Britain’s Royal Mail is issuing 13 stamps July 9 to celebrate the 50th anniversary of the rock band Queen. In its June 24 press release about the stamps, Royal Mail said it was commemorating rock royalty and one of the “most popular and enduring groups of …
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