Tesco‘s pension fund lost £9bn in value and fell into a deficit after multiple safe investments went sour. In particular, the fund is heavily exposed to so-called Liability Driven Investments. Those LDIs came unstuck in 2022 following a sharp rise in interest rates that left pension funds nursing heavy losses. …
Read More »Thursday newspaper round-up: SVB, Royal Mail, listing rules
People in Britain have more confidence in the EU than the UK parliament, reversing a state of affairs that has lasted for more than 30 years, research reveals. Since the UK voted for Brexit, the proportion of people declaring confidence in parliament has slumped by 10 percentage points to 22% …
Read More »Tuesday newspaper round-up: Royal Mail, private renters, Inmarsat
Long-running talks between Royal Mail and the Communication Workers Union are on the brink of collapse, with the company’s board thought to have threatened to put the loss-making postal service – the regulated UK entity that delivers to every address in the country – into a form of administration if …
Read More »Monday newspaper round-up: Recession, Saga, National Grid
The UK’s impending recession could be twice as bad as previously thought, according to leading economic forecasters at the business consultancy EY. Reduced government support, higher taxes and an overall worsening outlook have all led the firm’s analysts to conclude that the next three years could be worse than they …
Read More »Friday newspaper round-up: UK farmers, Total, Royal Mail
UK farmers are receiving negligible profits for many items as food prices rise and supermarkets boast record takings. An average block of cheese or loaf of bread produces less than a penny for farmers, and fruit producers do not fare much better, making just 3p from each kilo of apples. …
Read More »Wednesday newspaper round-up: Manchester United, Ovo, Royal Mail, HP
The Glazer family has announced it is “commencing a process to explore strategic alternatives” for Manchester United, potentially bringing an end to its 17-year ownership of the club. On the day it was also confirmed that Cristiano Ronaldo had left Old Trafford by mutual consent, a statement from United on …
Read More »Sunday newspaper round-up: Business rates, Morrisons, Royal Mail
The Chancellor will most likely not include business rates relief in his autumn statement this week. Insiders in the government have signalled that Jeremy Hunt will not give into calls to delay the uprating of business rates nor to extend relief from the tax. They are set to rise in …
Read More »Friday newspaper round-up: UK economy, Royal Mail, Twitter – Sharecast.com
Royal Mail rushed forward the monthly payment into its pension scheme to help prevent a cash crunch, The Telegraph can reveal, … Source link
Read More »Thursday newspaper round-up: Energy bills, Royal Mail, HSBC – Sharecast.com
Thursday newspaper round-up: Energy bills, Royal Mail, HSBC. noticias. Physical and financial harm will be caused to millions of vulnerable families … Source link
Read More »Sunday newspaper round-up: Sky-high electricity prices, Royal Mail, Olaf Scholz
Royal Mail is facing a summer of discontent as its union demands with a potential price tag of £1bn, even as it calls for shorter working weeks … Source link
Read More »