Boss Simon Thompson insists the pandemic has triggered “a structural shift”, turbocharging demand for parcels and accelerating the long-term decline in letters. Despite a mini-revival in recent months, letter deliveries are a fifth lower than before coronavirus erupted. Yet this is Royal Mail. For a company that has been bringing …
Read More »Heavy metal takes a hit as markets eye inflation
By consensus inflation will come in at above 3%, but how much higher? The Bank expects it will rise above 5% in the next few months; some investors think the Bank is behind the curve and that its decision to hold rates last week was a mistake. Mining shares, seen …
Read More »Canada’s annual inflation rate hits 4.4 per cent in September, highest since 2003
A woman fills her vehicle with fuel, in Toronto, on Oct. 19. Evan Buhler/The Canadian Press Canadian inflation surged in September at the fastest pace since 2003 due to higher gas and housing costs, adding fuel to a boisterous debate over how long prices will rise rapidly. The consumer price …
Read More »Royal Mail CDC scheme closer to reality as consultation launches – Law & Regulation
The Royal Mail Collective Pension Plan, which is the first known example of these new type of pension funds coming to fruition following the provisions passed in the Pension Schemes Act 2021, will consist of the a CDC section and a cash lump sum section. A Department for Work and Pensions …
Read More »When Covid infection rates dip, inflation rates may well rise | Business
Andy Haldane caused quite a stir this month when he suggested the economy was like a coiled spring waiting to go off. As the Bank of England’s chief economist has discovered, it’s harder to be a Tigger than an Eeyore. Predictions of impending disaster tend to be forgotten even when …
Read More »UK inflation rises to 0.7% in January; biggest house price jump since 2014 – business live
“Post-Brexit border disruption”, and rising demand as Covid-19 restrictions are eased, will both push up prices, he explains, along with a looming energy … Source link
Read More »UPDATE 2-FTSE dips on murky trade view; Tullow tanks on mid-caps
* FTSE 100 down 0.2%, FTSE 250 down 0.7% * Tullow Oil sinks after cutting output view * Financials weigh on main index * Coca-Cola HBC outperforms * Royal Mail jumps on court ruling (Adds news items, analyst comment, updates to closing prices) By Muvija M and Shashwat Awasthi Nov …
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