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Tag Archives: Category:Headline News

Royal Mail workers to strike on Christmas Eve

Royal Mail workers are to extend industrial action to include Christmas Eve, it emerged on Friday, the latest salvo in a long-running dispute over jobs, condition and pay. Members of the Communication Workers Union at the postal company, who are already due to strike for four days around Black Friday …

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Royal Mail sells last 3 Nine Elm plots for £112m

Royal Mail on Monday said it had exchanged contracts to sell the last three remaining plots on its Nine Elms Park site to London Square for £111.2m. Profits from the sale would be used in line with Royal Mail’s capital allocation policy, with around £35m to be reinvested into the …

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Royal Mail sees higher H1 profit as revenues rise 8%

Royal Mail said it expected a rise in first half profits despite rising costs as the pandemic-driven boom in parcel delivery from online shopping continued to drive revenue growth. The letter and parcel carrier said revenues climbed 8.2% to £5.1bn in the five months to August. It added that it …

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Polymetal puts $0.5m into new joint venture

Polymetal announced an initial investment of $0.5m in exchange for a 35% stake in a joint venture with a junior on Tuesday, holding an exploration license for the Pekinskaya area of Russia’s Taimyr Peninsula, which adjoins the existing Taimyr joint venture. The FTSE 100 company said it may acquire up …

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Debenhams to be wound down as JD Sports ends rescue talks

It was a grim day for the UK retail sector as beleaguered department store chain Debenhams was set to be liquidated following failed rescue talks with JD Sports, just hours after Philip Green’s Arcadia retail group went into administration. Debenhams said on Tuesday that it will continue to trade through …

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US manufacturing and services sector PMIs jump in July

Activity levels at both US factories and among services sector firms picked up substantially in August, according to the results of two closely-followed surveys. IHS Markit‘s manufacturing sector Purchasing Managers’ Index jumped from July’s reading of 50.9 to 53.6 for August (consensus: 51.5). Services activity also accelerated, with the PMI …

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TBC Bank deputy CEO, CFO Shagidze to leave

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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