By HARVEY DORSET Updated: 11:06 EDT, 1 May 2025 Investors piled record amounts into European exchange-traded investment funds at the start of 2025 as capital flowed out of US assets, fresh data suggests. US President Donald Trump’s imposition of tariffs on imports from around the world has seen investors reposition their …
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By JANE DENTON Updated: 06:18 EDT, 1 May 2025 Drax Group lifted annual profit guidance on Thursday, having been bolstered by strong pellet production and biomass generation. The group, which generates energy by burning wood pellets, told investors it now expects its annual adjusted core profit to come in at …
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Lloyds Banking Group profits fell at the start of the year as the lender set aside more money for bad debts amid economic uncertainty heightened by the emerging trade war. The lender reported pre-tax profits of £1.52billion for the three months to the end of March, down 7 per cent …
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Labour’s greatest business betrayal has been accomplished without words of public dissent. Assured by undertakings from Czech sphinx Daniel Kretinsky, 80 per cent of shareholders voted in favour of his EP Group’s £3.6billion purchase of Royal Mail owner International Distribution Services (IDS). Sell-out merchant Keith Williams, IDS chairman, hailed the …
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By CALUM MUIRHEAD Updated: 17:01 EDT, 30 April 2025 Royal Mail’s takeover by a Czech billionaire is official after enough shareholders approved his bid. It means Britain’s 509-year-old post carrier will fall under foreign ownership for the first time since it was established by Henry VIII in 1516. Daniel Kretinsky, …
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Labour’s greatest business betrayal has been accomplished without words of public dissent. Assured by undertakings from Czech sphinx Daniel Kretinsky, 80 per cent of shareholders voted in favour of his EP Group’s £3.6billion purchase of Royal Mail owner International Distribution Services (IDS). Sell-out merchant Keith Williams, IDS chairman, hailed the …
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By JESSICA CLARK Updated: 21:50, 27 April 2025 Royal Mail is set to fall into foreign hands this week for the first time in its history. Shareholders have until Wednesday to accept a £3.6bn takeover of the postal service’s owner by Daniel Kretinsky. International Distribution Services (IDS) shocked the City …
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By ALEX BRUMMER FOR THE DAILY MAIL Updated: 17:17 EDT, 22 April 2025 The downgrade to British and global growth in the International Monetary Fund’s World Economic Outlook report will come as no surprise. Donald Trump’s random ‘Liberation Day’ tariffs imposed on April 2, then subsequently watered down, shattered confidence …
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By ALEX BRUMMER FOR THE DAILY MAIL Updated: 04:24 EDT, 16 April 2025 Labour’s dramatic seizure of control over Jingye-owned British Steel was a clear demonstration of inept handling of industrial issues. Emergency parliamentary sittings are best confined to states of war, not a self-created crisis partly caused by a …
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By DAILY MAIL CITY & FINANCE REPORTER Updated: 17:08 EDT, 15 April 2025 Plans to water down second class post will decimate the service and could result in Royal Mail becoming the next victim of a taxpayer bail out, businesses have warned. Watchdog Ofcom’s proposals to cut second-class deliveries to …
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