Tag Archives: business

The new owner of Royal Mail has vowed to keep delivering letters six days a week in an attempt to quash concerns that the service could be reduced.  Daniel Kretinsky, the Czech billionaire who is buying Royal Mail’s parent company International Distribution Services (IDS) for £3.6bn, said he would not …

In addition, EP Group is in talks with union bosses about a profit-sharing scheme that would see employees handed bonuses if the company meets key financial and delivery targets. The Czech billionaire’s debt-fuelled swoop has also sparked concerns about soaring interest payments that could hurt the postal service’s bottom line.  …

Sir Jim Ratcliffe, the billionaire industrialist and co-owner of Manchester United, last month ordered the football club’s staff to return to the office full time or seek “alternative employment”. Calls to get people back into the office have also been echoed by senior politicians. Last year, Jeremy Hunt, the former …

Microsoft has told staff they will be able to pick up iPhones at various offices in China and Hong Kong to replace Android devices such as those made by Huawei and Xiaomi. Multinationals have introduced increasingly strict protocols for staff when visiting or working in China.  Consultancies Deloitte and KPMG …

In addition to the cost savings, Royal Mail said the move will save around 30,000 tonnes of carbon dioxide per year and help it meet a target of achieving net zero emissions by 2040. The company’s delivery lorries run partly on hydrotreated vegetable oil – a renewable alternative to diesel …

Click here to sign up to our free newsletters! A Sutherland businessman and postmaster is marking a diamond milestone. Eight-three-year-old Alisdair Mackenzie better known as Sandy, is celebrating 60 years at the helm of Rogart Post Office. He has been presented with a Post Office Long Service Award in …

The future of Royal Mail is set to be hamstrung by surging interest payments following Daniel Kretinsky’s debt-fuelled takeover of the postal service. The £3.6bn offer from Mr Kretinsky – known as the “Czech sphinx” – for Royal Mail’s parent company International Distribution Services (IDS) risks trebling its borrowing costs …

Thanks for joining me. Volkswagen will invest $5bn in Tesla rival Rivian in a deal that will give it access to the start-up’s technology. The joint venture comes amid uncertainty in the electric car market, which is the subject of a trade war between US, EU and China, and lacklustre …

One of the architects of the Post Office Horizon accounting system has admitted there were “discreet” bugs but it generally “worked well”, dismissing suggestions he had knowledge of widespread flaws. The public inquiry into the IT scandal also heard Gareth Jenkins, who was a lead engineer at Horizon supplier Fujitsu, …

A new flight route from Essex to Bulgaria has launched in the county today (June 17) as the first passengers took off. Southend Airport launched the new chartered service from Balkan Holidays which travels from the city to Bourgas in Bulgaria. The location is home to the popular resort of …