Tag Archives: Markets

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 …

Royal Mail falls 7.2% Royal Mail fell 7.2% in afternoon trade following a second day of strikes by U.K. postal workers. Shares of the former state postal monopoly fell close to the bottom of the Stoxx 600 after the second day of walkouts over pay. Royal Mail staff are planning …

LONDON, AUGUST 26: Striking postal workers on the picket line in Whitechapel on August 26, 2022 in London, UK. More than 100,000 postal workers walk out across the country today in a dispute over pay. Photo by Guy Smallman/Getty Images LONDON — Postal workers across the U.K. went on strike …

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 …

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 …

UK inflation, Royal Mail, Tesla and Netflix results. ANALYSIS | 7/15/2022 3:54:42 PM GMT. Source link

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 … Source link

(Bloomberg) — Royal Mail Plc reported a bumper Christmas delivery season and said the impact of the omicron strain of Covid-19 on staff absences … Source link

Good morning. There’s no shortage of news for Unilever at the moment. After its disastrous £50bn move on GSK’s consumer arm – which was firmly rebuffed by the pharmaceutical giant and lambasted by shareholders – it’s now planning to slash thousands of jobs. The cuts are said to target numerous …

Reuters Now Posted Another lockdown party scandal embroiled Boris Johnson on Friday, as it emerged his staff partied at his Downing Street residence on the eve of the funeral of Britain’s Queen Elizabeth’s husband, Philip. Indoor gatherings were banned at the time. Source link