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 …
Read More »BT in need of boss with the Midas touch as Jansen confirms departure
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 …
Read More »Tycoons set for tussle over French supermarket giant Casino
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. …
Read More »Royal London caught up in the Thames Water crisis
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 …
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