July 20 (Reuters) – Royal Mail’s parent group International Distributions Services (IDS) (IDSI.L) appointed Martin Seidenberg, CEO of the group’s international parcels network, as its new group CEO on Thursday. Seidenberg, who previously spent 15 years at Deutsche Post DHL, joined GLS in 2015 and has been a member of …
Read More »UK’s Royal Mail CEO Thompson to step down after union clash
May 12 (Reuters) – Royal Mail’s CEO Simon Thompson plans to step down later this year, saying it was the “right time” for the company to move forward under new leadership, as the British postal group tries to draw a line under a lengthy pay dispute. Parent company International Distributions …
Read More »Royal Mail CEO exit could come this week – Sky News
May 8 (Reuters) – Royal Mail’s parent (IDSI.L) could announce the UK postal services firm’s CEO Simon Thompson’s exit as soon as this week, Sky News reported on Monday. The report said the exit plan could be delayed beyond this week but an announcement will be made before annual results …
Read More »Factbox: Czech billionaire Kretinsky’s sprawling empire
April 24 (Reuters) – Daniel Kretinsky is seeking to take control of debt-laden French supermarket chain Casino (CASP.PA), in a deal that would bring several well-known retail brands under the Czech billionaire’s umbrella in France. Kretinsky, 47, a former investment bank lawyer who built one of Europe’s largest energy groups, …
Read More »UK’s Royal Mail sees smaller loss for fiscal 2023 on cost cuts
Jan 26 (Reuters) – UK’s Royal Mail forecast a narrower loss for the current fiscal year, helped by measures to keep costs low, although its expects cash flow to slip into negative for 2024 as it reels from the impact of a series of strikes, its parent firm said on …
Read More »UK’s Card Factory sees annual profit ahead of market expectations
Jan 10 (Reuters) – British greeting cards retailer Card Factory (CARDC.L) forecast annual core earnings ahead of market expectations on Tuesday as people rushed to its high-street stores to buy Christmas cards amid strikes at Royal Mail, which hurt online sales. The company expects full-year core earnings to be at …
Read More »Greeting card firm Moonpig cuts forecast as Royal Mail strikes hit orders
Dec 7 (Reuters) – British greeting card company Moonpig (MOONM.L) lowered its annual revenue forecast on Wednesday and reported lower first-half profit as its orders in September and October was hit by postal strikes at Royal Mail. Workers across Britain, including more than 115,000 Royal Mail postal workers, have taken …
Read More »Chinese snack maker Weilong Delicious aims to raise up to $141 mln in trimmed-down Hong Kong IPO
Dec 5 (Reuters) – Chinese spicy snack food maker Weilong Delicious Global is aiming to raise up to $141 million in a Hong Kong initial public offering launched on Monday, well below its initial target of about $1 billion. The company is selling 96.39 million shares in the range of …
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