MARKET REPORT: Traders upbeat on Ocado after robot wars victory By John Abiona Updated: 17:01 EDT, 18 September 2023 Ocado shot up the FTSE 100 index as the City remained upbeat over its prospects. Ahead of the blue-chip online supermarket’s quarterly results today, Jefferies raised its target price on the stock …
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Royal Mail urged to shape up if Saturday post is axed By Calum Muirhead Updated: 17:14 EDT, 9 September 2023 Royal Mail must invest in improving services if it scraps Saturday post, according to Sir Vince Cable. The former Business Secretary, who led the group’s privatisation in 2013 under the …
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Offshore trust loophole hides oligarchs’ cash Treasury says it is against identifying beneficiaries of trusts without consultation Surprise move follows the introduction of transparency rules Offshore firms with property in England and Wales must name ultimate owner By Patrick Tooher Published: 16:50 EDT, 13 August 2023 | Updated: 16:50 EDT, …
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Royal Mail owner appoints new chief exec after year of union disputes and heavy losses By Calum Muirhead Updated: 16:54 EDT, 20 July 2023 The parent of Royal Mail has appointed insider Martin Seidenberg its group chief executive as it embarks on a dramatic overhaul. Seidenberg has been promoted to …
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Royal Mail revenues slip as parent group IDS names new CEO Announcement continues downturn in results which saw £1 billion loss last year GLS CEO Martin Seidenberg announced as new group CEO By Daniel Fessahaye Updated: 05:40 EDT, 20 July 2023 Royal Mail parent group International Distributions Services has named …
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Royal Mail finally strikes pay deal with union bringing long-running dispute to an end By Daily Mail City & Finance Reporter Updated: 18:01 EDT, 11 July 2023 The long-running dispute that cost Royal Mail millions of pounds and a chief executive has finally come to an end after posties backed …
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BT is on the hunt for a chief executive as speculation mounts over a potential takeover bid from a German rival. The telecom giant’s boss Philip Jansen will leave in the next 12 months after a turbulent four and half years at the helm. The firm is considering ‘all appropriate …
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Czech Sphinx among European tycoons set for tussle over debt-laden French supermarket giant Casino By Calum Muirhead For The Daily Mail Updated: 16:50 EDT, 5 July 2023 Two European tycoons with stakes in some of the UK’s biggest corporates are battling over the future of a debt-laden French supermarket chain. …
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Royal London caught up in the Thames Water crisis: Mutual insurer’s funds among most exposed to the troubled utility giant By Daily Mail City & Finance Reporter Updated: 16:51 EDT, 3 July 2023 Royal London’s funds are among those most exposed to bonds, or debt, issued by Thames Water, which …
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Gear4music shares slip as retailer crashes to a loss after soaring costs beat back revenue growth Britain’s largest online musical equipment retailer declared a £0.4m pre-tax loss Cost-of-living pressures in the UK hit demand for discretionary consumer goods Gross margins declined after the company cut stock and incurred higher costs …
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