[ad_1] FTSE 100 up 128 points at 8,023 Grocers, housebuilders among risers Ocado pressured to ditch London 4.45pm: FTSE 100 closes at record high FTSE 100 closes at a record high of 8,023.87, beating last year’s peak of 8,014 and marking a 1.62% jump on Monday. 3.58pm: FTSE 100 nears record close London’s blue-chip…

[ad_1] The chairman of Royal Mail’s parent company has urged Ofcom to speed up a service review as it fends off a £3 billion takeover approach. Keith Williams, chairman of International Distributions Services, criticised a lack of progress by the government and Ofcom, the communications regulator, in modernising the so-called universal service obligation. He said…

[ad_1] A highlighted statistic said that Royal Mail handles 7bn letters a day; as the main text of the article made clear, that is an annual figure (Royal Mail wants second-class letter delivery cut to every other weekday, 4 April, p2). The British Nutrition Foundation’s recommended daily protein intake is 56g for men and 45g…

[ad_1] The FTSE 100 bounced back as geopolitical tensions eased, with neither Israel nor Iran launching fresh retaliatory attacks over the weekend while the US passed a crucial aid package for Ukraine. Fears of a Russian victory over Ukraine have dissipated, with the long-awaited passing of the $60.8bn (£49.2bn) funding deal by the US House of Representatives, Hargreaves Landown’s…

[ad_1] 2. Royal Mail owner doubles down on calls for regulatory change. Royal Mail's universal service obligation, legally requiring the letter service, had … [ad_2] Source link

[ad_1] Proactive Investors – Royal Mail (LON:) owner International Distribution Services PLC has been dubbed “vulnerable to corporate predators” due to obligations requiring letters be delivered six days a week. IDS’ third-largest shareholder, Redwheel, urged regulators to scale back the requirements under its universal service obligations following a takeover attempt by Daniel Křetínský. “Letter volumes…