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Tag Archives: money

LV and Royal London bury hatchet but won’t merge

Boss of Royal London says peace has broken out between his firm and rival insurer LV after bitter falling out, though failed merger talks not being revived By John-Paul Ford Rojas, Financial Mail On Sunday Published: 16:53 EDT, 11 March 2023 | Updated: 16:53 EDT, 11 March 2023 Peace: Royal London …

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Axing Saturday post would cut Royal Mail loss

Scrapping letter deliveries on Saturdays could save Royal Mail hundreds of millions of pounds a year as it battles to stem ballooning losses and modernise Group could see as much as £250m saved if deliveries cut to five days a week It potentially could slash company’s projected annual losses for …

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ALEX BRUMMER: Chancellor Jeremy Hunt’s flawed rallying cry

Jeremy Hunt’s vision for country can only be achieved if investment, enterprise and entrepreneurship are given support, says ALEX BRUMMER By Alex Brummer for the Daily Mail Published: 16:51 EST, 27 January 2023 | Updated: 03:30 EST, 28 January 2023 Talking tough: Chancellor Jeremy Hunt Jeremy Hunt’s formidable Bloomberg speech …

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Royal Mail strike action has cost business £200m

Royal Mail strike action has cost business £200m as worker woes and cyber attack put boss Simon Thompson under mounting pressure Royal Mail owner IDS said 18 days of strike action had hit the group  Letter and parcel volumes down and a hefty annual loss is forecast By Jane Denton …

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Households pay tab for £50bn of posties’ pensions

Households pay tab for £50bn of posties’ pensions: Liabilities were stealthily dumped on state when Royal Mail was privatised a decade ago By Patrick Tooher, Financial Mail On Sunday Published: 16:51 EST, 21 January 2023 | Updated: 16:51 EST, 21 January 2023 Hefty: Royal Mail pension liabilities Taxpayers are on …

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