Shares of Royal Mail RMG, -8.34% dropped 8.4% as the company lowered its outlook for letter volumes in the next fiscal year by 1 percentage point to … Source link
Read More »Royal Mail shares slump on lowered mail volume guidance
Royal Mail faces a bleak future unless union deadlock is broken
The folk at Royal Mail must wince whenever Rico Back makes a delivery. There’s only ever bad news in the chief executive’s postbag. The latest warning is that a three-year turnaround plan is in danger of being blown off course. What’s more, the UK arm of the business is expected to …
Read More »Royal Mail does not have long to deliver real change
As the increasing dominance of passive investing demonstrates, share tipping is a mostly a mug’s game. Just ask the former Labour MP Adrian Bailey, who as chairman of the business select committee in 2014 published a scathing report on the privatisation of Royal Mail. According to Bailey and his colleagues, …
Read More »Posties’ union threatens fresh strike after accusing Royal Mail of declaring ‘industrial war’
Union’s leaders prepare for another ballot as it accuses company of declaring ‘industrial war’ on workers Royal Mail is facing the renewed threat of a first national postal strike in more than a decade after union leaders accused the company of declaring “industrial war” on its workers. In a letter …
Read More »our Royal Mail replacement is a more resilient business and has better scope for dividend rises
Questor Income Portfolio: a firm that offers a perennially popular form of family entertainment is a better bet than a delivery business struggling to reinvent itself Our replacement for Royal Mail, which we removed from our Income Portfolio in late November over fears that it would not make a success of its transition …
Read More »Bets against Britain pay off as profits surge at Odey’s hedge fund
Hedge fund tycoon Crispin Odey’s wager against the pound has paid off as profits at the Boris Johnson donor’s investment firm soar. Profits at Odey Asset Management rose 81pc to £16m for the year to April 2019, according to accounts seen by The Telegraph. Mr Odey is believed to have taken £3.8m …
Read More »UK electric van maker Arrival secures £85m from Kia and Hyundai | Business
The UK-based electric van maker Arrival has secured an £85m investment from South Korean car firms Hyundai and Kia – a cash injection which values the business at £3bn, defying the struggles of the British automotive industry. The money will be used by Arrival to fund the next stage of …
Read More »Ottawa Senators hire former Royal Bank and Shaw executive Jim Little as CEO
During his time with RBC, Jim Little was named by the Globe and Mail as one of the top 50 people affecting sport in Canada for his role in the bank’s sponsorship of the Canadian Open. MIKE CASSESE/The Globe and Mail The Ottawa Senators have named Jim Little as the …
Read More »Brexit-backing hedge fund boss Crispin Odey suffers another year of losses
Hedge fund tycoon Crispin Odey, the outspoken Brexiteer accused of betting against Britain, saw his main fund slump in 2019 after his bets failed to pay off. The investment grandee’s flagship European fund fell 10.1pc, according to performance data from the company which showed that his other funds also fell for the year – losses he …
Read More »our Income Portfolio in 2019
Questor Income Portfolio: the election gave our income stocks a late fillip, while bonds made steady income and some worthwhile capital gains It was a year of two – rather unequal – halves for the Income Portfolio in 2019. Until the election our holdings were becalmed but many came to life …
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