Vesa, for its part, has made some platitudes about how Sainsbury’s “strong brand” and well-located stores in the more prosperous south-east make it “an attractive long-term investment opportunity”. But it seems unlikely that the tycoon is happy to remain a passive shareholder, and he continues to play his cards close …
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Boss Simon Thompson insists the pandemic has triggered “a structural shift”, turbocharging demand for parcels and accelerating the long-term decline in letters. Despite a mini-revival in recent months, letter deliveries are a fifth lower than before coronavirus erupted. Yet this is Royal Mail. For a company that has been bringing …
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The only thing Back’s £1.8bn “transformation plan” succeeded in transforming was relations with the unions, and not for the better. He infuriated the Communication Workers Union, first by trying to force through changes to pay and working conditions while commuting from his luxury Swiss apartment, then refusing to jet into Britain …
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