[ad_1] Daily Mail chief executive Paul Zwillenberg is stepping down from the company as proprietor Lord Rothermere shores up control after a take-private deal earlier this year. Mr Zwillenberg will step down as chief executive and board director of Daily Mail and General Trust (DMGT) at the end of September after more than six years…
[ad_1] The British pound has dropped below $1.14 for the first time since 1985 as a combination of dollar strength and recession warnings weighed on the U.K.’s currency. Sterling fell as low as $1.135 at 8:50 a.m. London before rising slightly to $1.1378, marking a fresh 37-year low. It followed the publication of figures showing…
[ad_1] 1663321901 Capita shares bounce after £150 million fintech disposal Shares in Capita surged 9% to 28p this morning after the professional services company announced the sale of its fintech business Pay360 in a £156 million deal. It’s the latest in a suite of disposals by the company as it seeks to slim down operations…
[ad_1] Royal Mail is facing a national security investigation as a billionaire investor known as the “Czech sphinx” prepares to take control of more than a quarter of the business. Kwasi Kwarteng, the Business Secretary, has told the company that he “reasonably expects” Daniel Kretinsky to increase his shareholding to more than 25pc, a move…
[ad_1] Britain’s postal service faces days of paralysis with letters and prescription medicines undelivered after 115,000 Royal Mail workers announced they will strike in just over a fortnight. The Communication Workers’ Union on Tuesday said members up and down the country will launch industrial action on August 26 and 31, as well as September 8…
[ad_1] It's rejecting Royal Mail's offer of a 2pc increase, describing their treatment as "despicable". If workers vote for the walkout, it could result … [ad_2] Source link
[ad_1] It’s FTSE reshuffle time again, and a handful of well-known companies are due to be promoted and demoted. British Gas owner Centrica (CNA) and student property firm Unite (UTG) are set to enter the FTSE 100, while broadcaster ITV (ITV) and Royal Mail (RMG) are set to be pushed down to the FTSE 250….
[ad_1] Consumer confidence fears hit shares Signs that US consumers have reined in spending on “big ticket” items triggered another exodus from shares today. Tesco and B&Q owner Kingfisher were among stocks 4% lower in London as the FTSE 100 index tumbled 2% in response to a bleak session on Wall Street last night. The…
[ad_1] 1652946514 FTSE 100 down 1%, Royal Mail off 6% The FTSE 100 index is down by more than 1% after US markets slumped last night on consumer confidence fears sparked by weak updates from retailers Target and Walmart. Shares in Tesco and B&Q owner Kingfisher fell 4%, while consumer goods giant Unilever traded more…
[ad_1] 1646239970 FTSE closes higher as stocks whipsaw Volatility continues is stock markets: the FTSE 100 had closed a chunky 1.5% higher at 7439 but is still just back where it was on Tuesday morning and share prices swing wildly. Polymetal International is a prime example. The Russian gold miner has suffered 20% plus daily…