House prices fell for the second month in a row, according to Nationwide, with rising mortgage rates putting off many would-be buyers. The average UK home fell in value by 0.4 per cent in April, following a 0.2 per cent fall in March, according to Nationwide, taking account of seasonal effects. …
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By Alex Brummer for the Daily Mail Updated: 18:00 EDT, 30 April 2024 There is something dysfunctional about management and continuity at HSBC. Chief executive Noel Quinn, having spent seven months auditioning for the top job, has decided to quit after less than five years at the helm. Contrast this …
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By Jessica Clark Updated: 18:05 EDT, 30 April 2024 Cost cutting: Royal Mail’s owner IDS is calling on Ofcom to speed up a review and allow it to ‘urgently’ bring in sweeping changes The boss of Royal Mail’s owner has slammed ministers and regulators over their failure to reform the …
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By Emily Hawkins Updated: 18:15 EDT, 30 April 2024 AI boom: Amazon said revenues hit £115bn in the first three months of 2024 Amazon raked in sales of £1.25billion a day at the start of the year as it cashed in on demand for artificial intelligence technology. The company said …
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Whistleblowers in delivery offices have also painted a picture of chaos and confusion. Staff admitted they routinely sent back letters with so-called counterfeit stamps to regional mail centres for review believing Revenue Protection – the department responsible for inspecting letters and distributing fines – were making “a lot of mistakes”. …
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Investment trusts are subject to the UK’s ‘pernicious’ stamp duty regime This means savers pay a 0.5% levy when they buy shares in these trusts Trusts also charged 0.5% when they purchase shares in companies By Hugo Duncan Updated: 16:52 EDT, 28 April 2024 Britain must scrap the ‘double taxation’ …
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Government, which left Royal Mail so vulnerable, needs to push through reforms These would give current boss Martin Seidenberg a fighting chance New ownership, even if proprietor is benign, involves disruption and risk By Ruth Sunderland for the Daily Mail Updated: 17:06 EDT, 28 April 2024 Czech Sphinx: Businessman Daniel …
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A tale of a chief executive about to join a high-profile British company has gone down in City folklore. Before taking the reins, a trusted advisor asks him the rather awkward question of how much he thought he should be paid. ‘How much do you think I can get away …
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By Jessica Clark Updated: 16:51 EDT, 27 April 2024 Taxpayers could be on the hook for a multi-million-pound bill to help Royal Mail deliver post. The 500-year-old postal service, which this month became a takeover target, has urged the Government to contribute to the cost of distributing letters. It has …
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By City & Finance Reporter Updated: 16:53 EDT, 26 April 2024 The Czech billionaire trying to buy Royal Mail has taken a 20 per cent stake in a German steel business. Daniel Kretinsky, whose £3.2billion offer for Royal Mail owner International Distributions Services (IDS) has been rejected, has snapped up …
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