Royal Mail doubts, John Lewis’ chair survives; FTSE 100 down; Vodafone Three merger; Cellular soars

1. Royal Mail dividend in doubt

Great uncertainty enshrouds Royal Mail owner IDS, according to analysts at UBS.  

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2. John Lewis employees keep faith in Sharon White

Employees, also known as partners, held two non-binding votes on White’s decisions over the past year, and the confidence of her leadership moving forward.

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3. FTSE 100 stuck in the red as investors mull US inflation data

UK stocks failed to get a lift from more encouraging US inflation data, with the FTSE 100 closing down 0.4% at 7,732 points.

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4. Vodafone’s long-awaited merger with Three UK can’t come soon enough

Three UK, which reported its first-quarter results yesterday, is struggling with negative returns on its cost of capital, with Sixt noting that “market structural change is needed”.

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5. Cellular Goods soars after making breakthrough with multinational retailer

The shares more than tripled to 2p in early trading on the news that its Look Better skincare range will be added to the retailer’s UK website later this month.

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