The South African Post Office (Sapo) is in crisis, Sapo general manager of public affairs Andrew Nongogo told Parliament’s communications and public enterprises committee on Wednesday. Sapo workers have been on strike for 10 weeks. They are demanding a 15 % pay increase while casual staff have also demanded permanent …
Read More »Fin24.com | Post Office on the brink of collapse, MPs told
The cash-strapped, strike-hammered SA Post Office is on the brink of collapse, while there seems to be no end to the strike hampering mail delivery, MPs heard. More: continued here
Read More »Royal Mail sells central London sorting office for £111m – The Guardian
The Guardian Royal Mail sells central London sorting office for £111mThe GuardianRoyal Mail has sold its former central London sorting office next to Paddington station to a Singaporean consortium for £111m. The newly-privatised company sold the one-acre site, which dates back to 1907 and was recently used as the setting …
Read More »Andreessen and Ichan Continue To Spar Over eBay – PYMNTS.com
Andreessen and Ichan Continue To Spar Over eBayPYMNTS.comA few months into 2014, Carl Ichan proposed that PayPal split off from eBay, eBay's board disagreed and Icahn and VC Marc Andreessen publicly sniped at each other. A few months from the end of 2014, eBay's board has taken to the view …
Read More »BG, Hargreaves Lansdown, Royal Mail, TSB, Mariana Resources… – Proactive Investors UK
BG, Hargreaves Lansdown, Royal Mail, TSB, Mariana Resources…Proactive Investors UKRoyal Mail (LON:RMG) is another that has been in the wars recently, but investors should stick with its says JP Morgan. The broker concedes there are numerous uncertainties centred in parcel/mail competition and regulatory developments. After the … More: continued here
Read More »How a letter is sorted and delivered by Royal Mail – Telegraph.co.uk
Reuters UK How a letter is sorted and delivered by Royal MailTelegraph.co.ukMayor of London Boris Johnson recently announced plans to turn part of the site that is no longer used for mail operations into luxury flats. Royal Mail said Mount Pleasant will remain at the heart of operations in London, …
Read More »Spinoffs Could Set Stage for Next Merger Wave
Already 166 companies — from computer maker Hewlett-Packard Co. (HPQ) and EBay Inc. (EBAY) to mining giant BHP Billiton Ltd. (BHP) — announced plans this year to spin off business units to shareholders. Companies also struck $2.3 trillion of mergers and acquisitions worldwide, a seven-year high. Take EBay and PayPal: …
Read More »Singapore development company snaps up historic Royal Mail site – Telegraph.co.uk
Telegraph.co.uk Singapore development company snaps up historic Royal Mail siteTelegraph.co.ukThe Royal Mail floated last October and investors have endured a bumpy ride during the first 12 months of listed life. The shares which listed at 330p last October, soared to 615p in January, and have now settled at a more …
Read More »Bling, bling! Russian student selling ‘crystallized’ Mercedes on eBay – CNBC
Bling, bling! Russian student selling 'crystallized' Mercedes on eBayCNBCShe's selling it on eBay less than a month after commissioning it. The auction ends Thursday; the current highest bid stands at £154,600, or about $248,000. "I wanted to create something special and to help homeless pets by selling the item in …
Read More »Earnings Preview: Netflix, Inc. and eBay Inc – ValueWalk
ValueWalk Earnings Preview: Netflix, Inc. and eBay IncValueWalkDuring the same period a year ago, eBay Inc (NASDAQ:EBAY) reported $0.64 in earnings per share and $3.9 billion in revenue. The online market place operator delivered $0.69 in earnings per share and $4.4 billion in revenue for the second quarter.What to Expect …
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