The market spotlight at the end of the week will be firmly on the start the three-day summit between European Union leaders. Hopes for a breakthrough on agreeing on the details of a proposed €750bn EU Reconstruction Fund are low going into the meeting, given the wide range of interest …
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TBC Bank said on Tuesday that deputy chief executive officer and chief financial officer Giorgi Shagidze plans to leave at the end of the year “to explore other opportunities in a different field and/or geography”. The bank, which will begin a search for a replacement, said Shagidze will stay on …
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Royal Mail has been fined £1.5m by its regulator for missing delivery targets for first-class post and £100,000 because it overcharged for second-class stamps. The letters and parcels company is required to deliver at least 93% of first-class post across the UK within one working day of collection but in …
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Talktalk revealed on Tuesday that chief executive Tristia Harrison had acquired 223,045 ordinary shares in the FTSE 250-listed telecommunications firm. Harrison, who joined Talktalk back in 2010, purchased the shares at an average price of 89.0p, for a total value of £198.510.05. Last week, TalkTalk pulled guidance and set aside …
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Forescout Technologies has agreed to be bought by Advent International for $1.9bn (£1.5bn) in cash in the private equity firm’s latest purchase on its buying spree. Advent will pay $33 for each Forescout share – almost 30% more than Forescout’s closing price on 18 October – before two other investment …
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Analysts at Capital Economics forecast that the cartel and allied producers will only agree to roll-over their existing production curbs due to Saudi balking at the risk of seeing its share of the global oil market being eroded further by ‘free riders’. “If we are right and OPEC+ simply rolls …
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Royal Mail staff voted overwhelmingly in favour of going on their first strike in a decade. Over 97% of votes by members of the Communication Workers Union backed a strike. The turnout was 76% (around 110,000 UK postal workers). The result was the largest yes vote for national industrial action …
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Royal Mail said on Thursday that its first-quarter performance was in line with its expectations as it backed its outlook for 2019-20. In a brief statement ahead of its annual general meeting, the company said: “All other targets and ambitions as set out in our financial results for the full …
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