How Stock Buybacks Hit Record $1.31 Trillion in 2022

Last year was horrible for stock prices, amid spiraling rates and recession anxieties, but share buybacks booked a record $1.31 trillion worldwide. Asset manager Janus Henderson tabulated the impressive statistics summarizing the repurchasing tsunami. Why did this happen amid an epic investor freakout, as the S&P 500 plummeted 19.5% in …

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Royal Mail’s failure to deliver creates ‘postal deserts’

Royal Mail is reportedly failing to frequently deliver post, allowing dozens of areas to become “postal deserts”. Bermondsey, Brighton and Salford are among the the impacted locations, with some areas receiving letters as little as once a fortnight, according to the Telegraph. Households are not being notified of hospital appointments, being whacked with speeding …

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TransPennine Express brought back under government control

Support us and go ad-free The government announced on 11 May that it’s taking TransPennine Express under its control. It’s blaming persistent delays and cancellations on its lines. The Department for Transport (DfT) will take over the running of services, which link the east and west halves of Northern England, …

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