Press play to listen to this article LONDON — As Liz Truss gets down to work as Britain’s new prime minister, she faces an immediate problem. Half the British workforce appears to be going on strike. Across the country, rail workers, barristers, dockhands, bus drivers, garbage collectors, Amazon employees, and …
Read More »Royal Mail, Persimmon buck otherwise weak FTSE 100
The U.K.’s postal delivery service was outshining the FTSE 100 index on Thursday, after Royal Mail reported better-than-expected results, with home builders also rising, though energy companies were tugging at the downside as oil prices fell. The FTSE 100 index UKX, -0.48% dipped 0.2% to 7,629, losing around 1% for …
Read More »AstraZeneca and ASML lead European stocks on a rebound after Wall-Street induced rout
European stocks joined in on a global bounce on Wednesday, as pressure on bond yields eased somewhat and investors went hunting for beaten-down names. The Stoxx Europe 600 index SXXP, +0.13% rose nearly 0.8% to 455.87, after a 2% drop on Tuesday, which was the biggest percentage decline since July …
Read More »Nationalising water, energy and Royal Mail would pay for itself within seven years, according to new research
The nationalisation of water, energy grids and the Royal Mail would save UK households £7.8 billion a year and pay for itself within seven years, according to new academic research. A report by Greenwich University’s Public Service International Research Unit put the total cost of compensation to private sector owners …
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