London’s leading shares index has joined a global bounce amid optimisim that the coronavirus is waning and hopes of more stimulus action by Beijing. The FTSE 100, which was down yesterday after a warning from Apple about the impact of the virus on revenues, rose by 61 points, or 0.8 …
Read More »Teachers in Tower Hamlets are fighting back against a Labour council
National Education Union members in east London have announced that they balloted in favour of strike action against the draconian new contracts for teaching and support staff in Tower Hamlets. This comes off the back of an ongoing dispute that has pitted right-wing figures in the Labour council against hard-working …
Read More »FTSE 250 movers: Hochschild shines on results; Plus500 retreats
London’s FTSE 250 was up 0.6% at 21,817.41 in afternoon trade on Wednesday. South America-focused miner Hochschild Mining surged to the top of the index as it said higher precious metals prices helped it to double annual profits. The company said pre-tax profits rose to $76.8m from $38.4m on a …
Read More »Build for a massive Yes vote in Royal Mail
Link to this page: https://www.socialistparty.org.uk/issue/1074/30294 From The Socialist newspaper, 19 February 2020 Vote Yes for strikes, photo Paul Mattsson (Click to enlarge) The Communication Workers Union (CWU) is reballoting members in Royal Mail over management bullying and the company reneging on the ‘Four Pillars’ agreement – which established employment, standard …
Read More »Parcelhub surveys retailer delivery processes
18 February 2020 Transport / Logistics Services Multi-carrier delivery management and proactive tracking support providers Parcelhub have surveyed 100 UK B2C and B2B mid-market retailers in an attempt to understand how they are responding to customer demands in regard delivery. Amongst the key findings, 68% offer 48-hour delivery while 61% …
Read More »Royal Mail staff sniff out parcel stuffed with cannabis at Halesowen depot
A parcel packed with cannabis has been intercepted by suspicious Royal Mail staff in Halesowen. Police were called to Coombs Wood Delivery Office on Saturday morning (February 15) due to concerns about a package. When officers opened the padded envelope, they discovered multiple bags containing the class B drug. The …
Read More »Fifteen staff members axed by Prince Harry and Meghan Markle are ‘unlikely to be given royal jobs’
Fifteen staff members axed by Prince Harry and Meghan Markle are ‘unlikely to be given royal jobs’. In the surest sign yet that the couple and their son Archie are unlikely ever to return to the UK to live, the Duke and Duchess of Sussex told the small team in January …
Read More »Inflation rises to six-month high – live updates
3) The failure to electrify thousands of miles of railway threatens Boris Johnson’s promise to make Britain the cleanest country on earth, industry leaders have warned. Rail chiefs have written to Transport Secretary Grant Shapps urging him to press on with electrification so that the industry can cut out carbon emissions by 2040. 4) Beales …
Read More »Piers Morgan praises Wills and Kate for taking on the duties that Harry and Meghan ‘abandoned’
Piers Morgan has praised Prince William and his wife Kate for stepping up to fill the gap left by Meghan and Harry in the wake of Megxit. Morgan appeared on The Talk on Tuesday where he told the panel the Duchess of Cambridge’s appearance on a podcast to discuss her …
Read More »Royal Mail (LON:RMG) Price Target Lowered to GBX 120 at Liberum Capital
Royal Mail (LON:RMG) had its target price decreased by equities research analysts at Liberum Capital from GBX 175 ($2.30) to GBX 120 ($1.58) in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports. The firm presently has a “sell” rating on the stock. Liberum Capital’s price objective points to a potential …
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