[ad_1] Royal Mail has been accused of flouting pensions equality standards, as the embattled postal service prepares to face investors next week without a permanent chief executive. Institutional Shareholder Services, the shareholder advice group, has raised concerns about top bosses getting higher pension contributions than new postal workers on the ground. Under current policies, new executive…
[ad_1] And in 2018 boss Guru Gowrappan announced that Oath would be no more; Verizon’s collective media outlets would be called the Verizon Media Group from 2019. Google to Alphabet Google became the largest subsidiary in a new holding company called Alphabet in 2015 as part of a restructuring at the tech giant. The company said that the…
[ad_1] 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 plunge into the red…
[ad_1] 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, increases in the price…
[ad_1] 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 from the profit pool, up significantly…
[ad_1] 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 blames partly on turbulence…
[ad_1] Text size Getty Images The U.K. election could give Boris Johnson the ammunition he needs to secure a Brexit deal, sending a basket of undervalued domestic stocks soaring. British politics remains unpredictable, as the last election and the 2016 European Union referendum demonstrate, but the opinion polls point towards a Johnson victory and a…
[ad_1] The Lib Dem architect of Royal Mail’s privatisation has said he knew the “Postman Pat” business was in trouble when it was sold to hundreds of thousands of ordinary investors six years ago. Sir Vince Cable, business secretary in the coalition government, said he had been “vindicated” by the collapse in the former state…
[ad_1] A bitter dispute with its workers threatens to undermine the need for rapid change to stave off terminal decline As she prepared to leave Royal Mail, chief executive Moya Greene took a final meeting with Terry Pullinger, the union boss who had been a constant thorn in her side. It was the summer of…
[ad_1] Furious investors are preparing to fight Jeremy Corbyn’s plans to seize swathes of British businesses, arguing his nationalisation spree would be a “blatant breach of human rights” that could trigger a wave of lawsuits. Shareholders and lawyers believe the proposals could breach international treaties and Brussels rules over state aid, and intend to fight them through the courts in a…