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 …
Read More »Online retailer Gear4music falls to loss amid difficult economic backdrop
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 …
Read More »Royal Mail told it MUST keep Saturday post despite widening losses
Royal Mail told it MUST keep Saturday post: Ministers block plan to axe deliveries despite the firm’s widening losses By Leah Montebello For The Daily Mail Updated: 16:55 EDT, 8 June 2023 Royal Mail’s plans to axe Saturday deliveries have been blocked by ministers despite the firm’s widening losses and …
Read More »ITV gives scandal-hit CBI the cold shoulder
ITV gives scandal-hit CBI the cold shoulder: More blue-chip firms desert business lobby group on eve of crunch vote of confidence Broadcaster will not renew membership of CBI after sex and drugs allegations BP, KPMG, TSB, Balfour Beatty and Ford are among latest members to resign CBI relies on subscriptions …
Read More »ITV gives scandal-hit CBI the cold shoulder
ITV gives scandal-hit CBI the cold shoulder: More blue-chip firms desert business lobby group on eve of crunch vote of confidence Broadcaster will not renew membership of CBI after sex and drugs allegations BP, KPMG, TSB, Balfour Beatty and Ford are among latest members to resign CBI relies on subscriptions …
Read More »No Royal Mail takeover by Daniel Kretinsky
Royal Mail’s biggest shareholder rules out takeover bid for delivery group but warns it must ‘adapt’ to be successful By Daily Mail City & Finance Reporter Updated: 16:50 EDT, 28 May 2023 Royal Mail’s biggest shareholder has ruled out a takeover bid for the delivery group but warns it must …
Read More »Boss of Young’s pub chain says food inflation is ‘starting to ease’
Young’s boss says food inflation is ‘starting to ease’ as pub chain unveils upturn in annual profits and looks ahead to the Rugby World Cup Young’s boss Simon Dodd expects food inflation to be in single digits this year The pub chain group saw its revenue rise over 19% in …
Read More »Unions call off vote on Royal Mail pay deal amid allegations of a ‘toxic’ work environment
Unions call off vote on Royal Mail pay deal amid allegations of a ‘toxic’ work environment By Calum Muirhead For The Daily Mail Updated: 16:50 EDT, 24 May 2023 A union vote on a pay deal that could have ended the bitter dispute at the Royal Mail has been called …
Read More »Royal Mail investor Czech Sphinx to pocket £650m energy firm payout
Royal Mail investor Czech Sphinx set to pocket over £650m as energy firm cashes in on surging power prices By Calum Muirhead For The Daily Mail Updated: 17:21 EDT, 23 May 2023 A Czech billionaire with major stakes in Royal Mail is in line to pocket over £650million after his …
Read More »MARKET REPORT: Magners owner tumbles after £22m software fiasco
MARKET REPORT: C&C shares tumble after drinks company behind Magners warns it is likely to take a £22m hit after botched software upgrade By John Abiona For The Daily Mail Published: 16:50 EDT, 19 May 2023 | Updated: 16:50 EDT, 19 May 2023 Shares in C&C tumbled after the drinks …
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