It lost £319m in the first half of the year after losing £1bn the previous year amid crippling strike action. Bosses have put forward proposals to shake up the postal service’s so-called universal service obligation (USO), which requires it to deliver letters six days a week, warning that outdated regulations …
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Almost 3pc of BA flights were cancelled last year, according to data from the Civil Aviation Authority (CAA) and analysts OAG. By contrast, Ryanair cancelled 0.34pc of flights and easyJet 1.5pc of flights. British Airways flights had an average delay of 22.3 minutes in 2023, compared to 21.5 minutes for …
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The investor’s company EP Group has submitted a revised of 370p per share for the company, an increase of 16pc on a previous offer which had been rejected. The billionaire was previously vetted under national security and investment rules in October 2022, when his stake in the company rose to …
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Mr Seidenberg is also understood to have used the meeting, which was arranged before Mr Kretinsky’s takeover bid emerged, to lobby for reform of Royal Mail’s universal service obligation (USO). The company has submitted proposals that would see second class letters delivered just three times a week, while the six-day …
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The Government has shown little appetite to mount a defence. The Chancellor has talked in platitudes about how there are lessons to be learned from the debt crisis that has engulfed Thames Water at the same time as repeating the tired yet vague mantra that Britain must ensure it continues …
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Keith Williams, chairman of IDS, said: “The board is minded to recommend this offer price, which it considers to be fair and reflects the value of GLS’ current growth plans and the progress being made on change at Royal Mail to adapt the business to a significant fall in the …
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Figures from Indeed, the recruiter, show advertised salaries are accelerating in the UK even as they slowed in the eurozone. Real wages have risen by more in 12 months than they did in the previous 16 years, according to the Resolution Foundation. Regular wages are 2.4pc higher than they were …
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Hundreds of oil rig workers have been left stranded after helicopter pilots responsible for transporting offshore staff to and from dozens of locations in the North Sea went on strike. The two-day walkout by pilots at Bristow Helicopters, which began at midnight on Monday, will disrupt more than 80 scheduled …
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The company’s autonomous drones, which take off and land like an aeroplane, have a 10-metre wingspan and can carry up to 100 kilograms for 1,000km. They would be more likely to be used for bulk deliveries to delivery hubs, rather than dropping letters and parcels at doors. It has secured …
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