Baystreet.ca – Futures Virtually Unchanged Friday

Futures for Canada’s main stock index were little changed on Friday ahead of September jobs data, as investors waited for cues on the pace of economic recovery against the backdrop of rising inflation. The TSX Composite spiked 224.55 points, or 1.1%, close Thursday to 20,416.21 The Canadian …

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Royal Mail Buys Canadian Trucking Firm to Expand GLS Arm

(Bloomberg) — Royal Mail Plc agreed to purchase Canada’s Mid-Nite Sun Transportation Ltd. for C$360 million ($287 million) to expand in North America.  The acquisition will add to earnings in the current fiscal year, Royal Mail said Friday in a statement. Mid-Nite Sun will become part of London-based Royal Mail’s …

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TSX gains on higher oil stocks, robust employment recovery

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS (Reuters) – Canada’s main stock index gained on Friday as energy stocks jumped on higher oil prices, while a surge in employment numbers to pre-pandemic levels signalled a strong economic recovery. The Canadian economy posted a monster jobs gain in September, putting inflation back …

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Royal Mail goes west with £210m buy-up of Rosenau Transport

R OYAL Mail is tapping into the worldwide surge in online shopping with the £210 million acquisition of one of Canada’s biggest trucking firms. The delivery group’s overseas freight arm GLS International is picking up family-owned freight group Rosenau Transport to expand operations in North America’s $25 billion parcel market, …

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Brighton Pier owner settles £5m pandemic insurance claims

The owner of Brighton Pier and the Lightwater Valley theme park has settled £5 million of business interruption claims with its insurers after being forced to close during the pandemic. Brighton Pier Group saw shares surge by around a quarter in early trading on Friday after it confirmed the settlement. …

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