By CALUM MUIRHEAD Updated: 17:01 EST, 21 November 2024 Royal Mail has warned of more price hikes as a result of the Chancellor’s National Insurance raid. Martin Seidenberg, head of parent company International Distribution Services (IDS), said it would need to raise prices to offset a £120million hit from measures …
Read More »
By JANE DENTON Updated: 05:50 EST, 21 November 2024 Further Royal Mail price hikes could be on the cards after the owner of the postal service flagged greater cost pressures arising from the Autumn Budget. International Distribution Services said it could not rule out price hikes and greater use of …
Read More »
By CALUM MUIRHEAD Updated: 17:19 EST, 19 November 2024 The takeover of Royal Mail by a Czech billionaire looks set to be approved by ministers. It places the postal service into foreign hands for the first time in its 508-year history. Trade union bosses representing around 100,000 posties told their …
Read More »
By LIVE COMMENTARY Updated: 06:44 EST, 20 November 2024 Consumer price inflation accelerated to its highest level since April last month, fresh data from the Office for National Statistics shows. The Consumer Price Index rose to 2.3 per cent in October from 1.7 per cent in September, higher than the …
Read More »
By CALUM MUIRHEAD Updated: 22:19, 19 November 2024 The takeover of Royal Mail by a Czech billionaire looks set to be approved by ministers. It places the postal service into foreign hands for the first time in its 508-year history. Trade union bosses representing around 100,000 posties told their members …
Read More »
By CALUM MUIRHEAD Updated: 16:50 EST, 16 November 2024 The biggest employers in Britain are facing a £1 billion tax bombshell after they were left reeling by Labour’s plan to hike National Insurance contributions. Some of the best-known firms, which between them provide jobs for more than 1 million people, …
Read More »
As the holiday season looms into view, Royal Mail is joining M&S, Sainsbury’s, Aldi et al in the advertising battle for Christmas revenues. Britain’s postal delivery service is involved in an existential fight. Owner International Distribution Services (IDS) finds itself under intense regulatory scrutiny following the board’s decision to sell-out …
Read More »
A Miss Tweed article said Bernard Arnault was ‘keen to see such a deal happen’ Burberry’s value has declined significantly over the past 18 months By HARRY WISE Updated: 08:56 EST, 4 November 2024 Italy’s Moncler is reportedly considering a takeover bid for struggling British luxury icon Burberry. Fashion website …
Read More »
By Jessica Clark Updated: 03:49 EDT, 27 October 2024 Czech billionaire Daniel Kretinsky looks set to buy Royal Mail owner International Distribution Services, pending a national security probe Royal Mail will take longer to deliver millions of business letters as part of a trial ahead of official changes to regulations. The …
Read More »
By Charles White Thomson Updated: 06:50 EDT, 27 October 2024 Charles White Thomson is a senior fellow at the Adam Smith Institute and former investment company CEO The UK’s 2024 International Investment Summit raised £63 billion of private investment and 38,000 UK jobs ahead of the Budget. The investments include: …
Read More »