Shares in IDS, the owner of Royal Mail, rise after reports that it has received – and rejected – a bid from Czech billionaire Daniel Křetínský. ADVERTISEMENT UK postal and courier service, Royal Mail, has received a takeover bid from Daniel Křetínský, a Czech billionaire who has also invested in …
Read More »Royal Bank of Canada has given City National a lifeline, but the U.S. bank’s future remains uncertain
Open this photo in gallery: A sign for the Royal Bank of Canada in Toronto on Dec. 13, 2021.CARLOS OSORIO/Reuters Royal Bank of Canada moved to prop up City National Bank on Friday as its Los Angeles-based subsidiary continues to struggle under the weight of the U.S. regional banking crisis. …
Read More »Royal Mail slumps to loss of more than £1bn after year of strikes
Royal Mail has blamed strike action for helping send it slumping to a full-year loss of more than £1 billion. The group’s owner, International Distributions Services, revealed Royal Mail swung to an operating loss of £1.04 billion for the year to March 26, against earnings of £250 million the previous …
Read More »Britain’s Royal Mail posts losses of 419 million pounds
IDS, which includes Royal Mail UK and international operations GLS, reported a group adjusted operating loss of 71 million pounds for the year ended March 26, compared with a profit of 758 million pounds a year earlier. Analysts on average had expected a loss of 114 million pounds, according to …
Read More »UK’s Royal Mail sees smaller loss for fiscal 2023 on cost cuts
The 507-year-old Royal Mail, which was privatised in 2013, is in the middle of a crisis after losing millions of pounds due to staff strikes in a long-running row over pay and conditions. The company now expects an adjusted operating loss near the mid-point of its previous forecast range of …
Read More »Royal Mail swings to loss on pay dispute, cuts dividend
Royal Mail owner International Distributions Systems swung to a half-year loss, blaming weak parcel volumes and strikes at the UK postal carrier, and also axed its interim dividend. Reported pre-tax losses came in at £127m, compared with a profit of £315m a year earlier. The company also said it would …
Read More »Aviation to automobile, big brands across globe suffer due to coronavirus- The New Indian Express
By AFP PARIS: Shuttered shops, idle production lines, grounded planes — the coronavirus pandemic has devastated several industries, not least the aviation and automobile sectors, but also retail and energy. Here is a recap of some major casualties, amid layoffs, bankruptcies and rescue plans: Crash landing Among the big-hitters in crisis …
Read More »Rarest Canadian coin – the 1911 silver dollar – on display this weekend in Mississauga
The 1911 silver dollar, a very rare coin, will be on display this weekend in Mississauga at a coin expo. Handout Rare currency expert Alfredo Cimino has never seen the 1911 silver dollar, but he’s heard of it. Everyone in the business has. Nicknamed the Emperor or Holy Grail of …
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