Royal Mail hints it is to hive off its profit-making international arm after strikes take their toll By John-Paul Ford Rojas For The Daily Mail Published: 17:21 EST, 17 November 2022 | Updated: 17:21 EST, 17 November 2022 Royal Mail has given its clearest indication that it could split from …
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International Distributions Services swung to a first-half operating loss of £57million as strike disruption, rising costs and lower delivery volumes took their toll. At the same point a year ago Royal Mail’s parent company posted an operating profit of £404million. The former British postal monopoly, which recently changed the name …
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Special delivery: Daniel Kretinsky can raise his stake in Royal Mail above 25 per cent At the sporting events where they are spotted together, Daniel Kretinsky and Anna Kellnerova could easily blend into the crowd. But the bespectacled 47-yearold lawyer and his much younger showjumper girlfriend are one of the …
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The Czech Sphinx with an eye for energy and football: Billionaire Daniel Kretinsky cleared to swoop on Royal Mail as national security probe is called off Kretinsky controls 22% of Royal Mail parent company IDS ‘No further action’ would be taken against him should he increase his stake By Calum …
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Government clears Czech billionaire’s plan to increase his 22% stake in Royal Mail after national security probe Daniel Kretinsky looks set to be allowed to up his stake in Royal Mail In August, the Government said it would launch a national security probe Today, International Distributions Services – the new …
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Profit warnings soar to highest level since the financial crisis: A total of 86 statements downgrading profit forecasts were issued over third quarter By Daily Mail City & Finance Reporter Published: 16:50 EDT, 23 October 2022 | Updated: 16:50 EDT, 23 October 2022 Profit warnings from UK companies have hit …
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Top firms embroiled in pension bailout storm: BP, Rolls-Royce and Royal Mail using funding strategy blamed for meltdown in bond market Schemes have LDIs designed to protect against interest rate/inflation spikes Widespread use sparked recent sell-off in Government bonds, known as gilts Full extent of reliance on LDIs by schemes …
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Royal Mail revives speculation it could split up, saying ‘all options remain open’ including separation after huge loss By Calum Muirhead For The Daily Mail Published: 16:53 EDT, 14 October 2022 | Updated: 17:11 EDT, 14 October 2022 Royal Mail has unveiled plans to slash up to 10,000 jobs as it …
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Royal Mail set to tear up nine-year trade union deal as battle over the future of the business intensifies By Calum Muirhead For The Daily Mail Published: 17:18 EDT, 22 September 2022 | Updated: 17:24 EDT, 22 September 2022 Royal Mail has announced plans to rip up a nine-year deal …
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Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, is set to deliver an emergency mini-budget on Friday to give more details about support to help ease the cost-of-living crisis. Prime Minister Liz Truss took office on 6 September and promised to immediately cut taxes and redouble efforts to promote economic …
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