Tag Archives: business

Mr Thompson, who also previously worked for Apple and is on Coca-Cola’s digital advisory board, insisted that the cuts were a continuation of already agreed proposals with Unite and the Communication Workers Union to remove 1.2m working hours from the business. “Ourselves and our unions are totally sticking with our …

(Bloomberg) — Royal Mail Plc reported a bumper Christmas delivery season and said the impact of the omicron strain of Covid-19 on staff absences … Source link

Good morning. There’s no shortage of news for Unilever at the moment. After its disastrous £50bn move on GSK’s consumer arm – which was firmly rebuffed by the pharmaceutical giant and lambasted by shareholders – it’s now planning to slash thousands of jobs. The cuts are said to target numerous …

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. UK government borrowing fell in December thanks to a rise in tax receipts, despite a jump in the cost of repaying the national debt. Public sector net borrowing, excluding state banks, …

A spokesman said: “We are providing targeted support to the local offices affected by these issues and we apologise to customers for any inconvenience they may have experienced. “Our postmen and women are continuing to work incredibly hard, as they have done throughout the pandemic, and we are thankful for …

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 …

As the pandemic continued to turn the norm upside down in 2021, the world became even more dependent on technology. Consumers now don’t think twice about relying on apps to deliver groceries, invest chunks of money or prove their Covid status for travel and even work. The year spawned previously …

Arrival was launched by Russian entrepreneur Denis Sverdlov and was largely self-funded from his personal $500m venture fund Kinetik until investment in 2020 by BlackRock and Fidelity. Sverdlov had founded several internet companies in the 2000s, before briefly becoming deputy communications minister under Vladimir Putin’s prime minister Dmitry Medvedev in …

Today (December 23) is the final day for parcels to arrive in time for Christmas Day thanks to a special service from Royal Mail. Caithness residents who have left it until the last minute to post Christmas gifts are in luck as Royal Mail’s Special Delivery Guaranteed® Service is still …

Chris Boxall, of Fundamental, said despite the disappointing figures, investors have made decent returns from some risky companies. He said: “It’s noticeable that all the top performers are early-stage companies which are not yet revenue generating and come from either the resources or life sciences sectors. “We are generally reluctant …