By Leah Montebello Updated: 16:50 EDT, 19 July 2024 The crisis engulfing the shipyard that built the Titanic deepened as its boss resigned and it confirmed it will not receive a £200m lifeline from the Government. As the future of Harland & Wolff hangs in the balance, it said yesterday …
Read More »Record number of postal votes give Royal Mail an election bonus
By Leah Montebello Updated: 17:00 EDT, 18 July 2024 Royal Mail has enjoyed a surge in revenues as a record number of postal votes were delivered during the election. International Distribution Services (IDS), its owner, said revenues from letters hit £985million in the three months to the end of June, …
Read More »Babcock shrugs off legacy Royal Navy contract losses as nuclear sales power profits
Babcock’s underlying operating profits jumped by 34% to £238m last year Defence firms have benefited from governments ramping up military spending By Harry Wise Updated: 05:22 EDT, 17 July 2024 Babcock enjoyed bumper earnings growth last year despite continuing to incur high losses from a legacy shipbuilding contract. The defence …
Read More »Royal Mail bidder pledges to maintain six-day letter delivery service
Daniel Kretinsky said he will honour current Royal Mail USO rules IDS agreed to a £3.57bn takeover bid from Kretinsky’s EP Group By Daniel Fessahaye Updated: 11:27 EDT, 16 July 2024 In an interview with the BBC, Czech billionaire Daniel Kretinsky said he will honour Royal Mail’s Universal Service Obligation …
Read More »MPs hit back as Royal Mail axes all postal trains
Move sparks fierce opposition over concerns about jobs Postal bosses facing calls to meet with MPs Railway workers union says move must be reviewed By Jessica Clark And Leah Montebello Updated: 16:50 EDT, 14 July 2024 Royal Mail is facing a mounting backlash over its plan to stop transporting post …
Read More »Theme park landlord LondonMetric can pep up your funds: MIDAS SHARE TIPS
By Joanne Hart Updated: 17:31 EDT, 13 July 2024 Nemesis consistently ranks as one of the most exciting rollercoasters in the world – a highlight for anyone who enjoys hanging upside-down while hurtling through the air at 50 mph. Recently upgraded, Nemesis is a top attraction at Alton Towers, helping …
Read More »Royal Mail chairman Keith Williams is in the firing line, says ALEX BRUMMER
By Alex Brummer for the Daily Mail Updated: 17:00 EDT, 10 July 2024 Government is not all about grand gestures such as bulldozing planning laws and a National Wealth Fund to power up Britain’s investment in green technologies. Labour’s inheritance includes the debt crisis at Thames Water, unfinished work in …
Read More »Labour urged to intervene as Royal Mail axes fleet of trains
By Jessica Clark Updated: 17:00 EDT, 10 July 2024 Labour ministers will hold urgent talks with water bosses today as they gear up for a regulatory ruling on their finances. Executives from Thames Water, South East Water and Severn Trent are among those who have been summoned to meet Environment …
Read More »Royal Mail to ditch ageing train fleet in major change to how it delivers post
The firm will instead use a combination of commercial rail services, its existing road network and reduced air services to transport mail Royal Mail has announced its intentions to ditch its fleet of freight trains ( Image: No credit) Royal Mail is set to ditch its ageing train fleet amid …
Read More »Direct Line plots dividend boost under ‘refreshed strategy’
Direct Line plans to pay 60% of its operating earnings as a regular dividend By Jane Denton Updated: 03:49 EDT, 10 July 2024 Direct Line Group is planning to pay out roughly 60 per cent of its operating profits as regular dividends, as its new boss works to revive the …
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