Bidders for Anglo American and Royal Mail must put forward formal offers If they don’t, they must walk away for at least six months BHP and Daniel Kretinsky have been set a deadline of 5pm on Wednesday By Jessica Clark Updated: 16:50 EDT, 26 May 2024 Two of the biggest …
Read More »Reeves will have to turn to wealth taxes to plug the £30bn black hole
Past experience with Labour suggests a preference for stealth taxes By Alex Brummer Updated: 17:01 EDT, 25 May 2024 Rachel Reeves recognises that if she is to march into No 11 Downing Street on July 5 it would be a big mistake to hit voters with huge tax rises straight …
Read More »Big NatWest shares sale to the public may be axed
It had been set to take place as early as next month By Mark Shapland Updated: 22:01, 25 May 2024 The sale of Government shares in NatWest to the public could be scrapped after the Treasury confirmed that the sell-off had been postponed for the General Election. ‘A retail offer …
Read More »Top money managers are wary of Shein float
London is currently vying with New York for the blockbuster £53bn float By Emily Hawkins Updated: 22:00, 25 May 2024 Some of Britain’s largest fund managers have spoken out against plans for fast fashion giant Shein to float in London. London is currently vying with New York for the blockbuster …
Read More »Royal Mail £350m in red but ‘back on track’, according to owner
By Jessica Clark Updated: 16:50 EDT, 24 May 2024 Royal Mail’s owner yesterday insisted the postal service is back on track despite missing delivery targets and losing nearly £1m a day over the past year. The results came days before a crunch deadline that could see the 508-year-old firm fall …
Read More »ALEX BRUMMER: Weak enforcers betray UK
By Alex Brummer for the Daily Mail Updated: 16:50 EDT, 24 May 2024 The wheels of commerce spin ever faster with a rush of FTSE 350 takeover bids. But the General Election campaign will usher in a period of regulatory purdah. The effort by Czech billionaire Daniel Kretinsky to swallow …
Read More »Living a miserable existence to fund an early retirement is a terrible idea
For me, the costs firmly don’t outweigh the benefits. Let’s assume that you’re able to invest an extra £10,000 per year by living miserably now in hopes of a brighter future (bear in mind the average full-time salary in the UK is around £35,000 and that’s before tax). The S&P …
Read More »Lidl trumps Aldi in the battle for bargain hunters with sales up almost 10% on last year
By Emily Hawkins Updated: 17:00 EDT, 21 May 2024 Taking the cake: Lidl sales in the three months to May 12 were 9.4% higher than the same period a year earlier Lidl won a record share of the grocery market this spring while arch-rival Aldi lost ground. As a fierce …
Read More »Royal Mail fined 158,000 people for ‘fake’ stamps before finally pausing penalties
Royal Mail disclosed the total number of penalties issued after Labour MP Liam Byrne, who is chairman of the Business and Trade Committee, wrote to the firm’s new chief executive Emma Gilthorpe demanding answers in light of the public concern. However in his response to the Committee, acting chief executive …
Read More »Power supply firm XP Power shares soar 50% after it becomes bid target
By Daily Mail City & Finance Reporter Updated: 17:00 EDT, 21 May 2024 XP Power revealed it has turned down three offers from US rival Advanced Energy Industries Shares in XP Power rose nearly 50 per cent after it became the latest London-listed company to be targeted by foreign bidders. …
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