Royal Mail

SHARES in Royal Mail dropped significantly as it warned its turnaround programme was not on track despite improving profits and revenues over the past six months. The company’s shares slid 17 per cent to 192.4p at one stage as it said its transformation plan is “behind schedule” and also cautioned …

The postal carrier said online shopping drove parcel revenues up 5.6% in the six months to the end of September, “more than offsetting” continued letter revenue decline of 1.4% Shares plunged at  (), after the postal carrier reported a “significant increase in the risk of industrial action taking place” as it …

Royal Mail warned that its domestic business could fall into the red next year owing to a steeper-than-expected decline in letter deliveries. The former … Source link

Prince Andrew didn’t step down from royal duties — he was fired by his mom, Queen Elizabeth II, according to reports in the UK. “The Queen summoned the Duke to Buckingham Palace to tell him her decision,” one of Andrew’s friends told the Sun of the Duke of York’s downfall …

LONDON — In a bid to re-energize his election campaign, Jeremy Corbyn, the leader of Britain’s Labour Party, unveiled the party’s most left-wing agenda in a generation on Thursday, vowing to tax the wealthy to renationalize large parts of the country’s utilities and railways, reduce carbon emissions, and pay for …

European stocks were under pressure on Thursday after a political stand-off between the US and China cast severe doubt over prospects of a trade deal. Equities dropped for a fourth straight day as the mixed headlines on the US-China front muted investors’ appetite for risk. However, European markets closed off …

Shares in Royal Mail have tumbled despite the group posting its strongest UK sales at the half-year stage in five years, after it warned on outlook and admitted its transformation plan was behind schedule. Royal Mail: new postboxes for parcels Economic and political uncertainty in the UK has resulted …

* October deficit up 26% to 11.2 bln stg, above all forecasts * Year-to-date borrowing higher than for all of 2018/19 * Conservatives and Labour make big election spending promises (Adds detail) By David Milliken and William Schomberg LONDON, Nov 21 (Reuters) – Britain ran a much bigger budget deficit …

NewsBusiness Postal group also warns investors the UK business could lose money next year Thursday, 21st November 2019, 2:16 pm Updated Thursday, 21st November 2019, 2:17 pm The firm updated investors a week after it secured an injunction to block postal workers from taking part in strike action. (Photo: Reuters/Phil …

Millionaire popstar Lily Allen reacted to today’s unveiling of the Labour Party general election manifesto by ‘welling up’ in a bizarre video which sparked ridicule after she posted it on Twitter.  With tears streaming down her cheeks, the supposedly sobbing singer tweeted a clip of herself struggling to contain her …