By Hugo Duncan Updated: 17:00 EDT, 17 October 2024 Shares in British pest control giant Rentokil Initial soared as investors welcomed progress in the turnaround of its troubled North American business. As well as reporting a steady 3.6 per cent rise in revenue to £1.4billion in the third quarter, the …
Read More »
By Jessica Clark Updated: 17:00 EDT, 16 October 2024 A US private equity giant is preparing to swoop on London-listed Tate & Lyle in a further blow to the City. Advent International is reportedly in the early stages of putting together a bid for the British ingredients supplier. While the …
Read More »
Standard first-class postage will rise 30p to £1.65 – a 22.2% increase Fifth price hike in under three years Postage rise could lead to a ‘doom spiral of decline’ for Royal Mail By City & Finance Reporter Updated: 16:50 EDT, 6 October 2024 Businesses have warned that Royal Mail’s inflation-busting …
Read More »
By John-Paul Ford Rojas Updated: 16:51 EDT, 27 September 2024 The value of foreign takeover bids for UK companies has risen by 79 per cent to £74billion so far this year, according to figures. Offers targeting UK firms totalled £102billion in the first nine months of 2024, data from the …
Read More »
By Samuel Norman Updated: 17:00 EDT, 25 September 2024 Shares in Rentokil rose after a member of Nelson Peltz’s hedge fund was handed a seat on the royal rat catcher’s board. The FTSE 100 pest control firm, which won contracts at Buckingham Palace in the 1960s, said Trian’s head of …
Read More »
By Jessica Clark Updated: 16:51 EDT, 14 September 2024 Royal Mail’s owner has been accused of ‘rewarding failure’ as it plans to boost its boss’s bonus amid a controversial takeover by a Czech tycoon. International Distribution Services (IDS) will this month ask shareholders to approve hiking Martin Seidenberg’s maximum award …
Read More »
2,800 jobs could be axed in switch to less carbon-intensive electric arc furnaces By John Paul-ford Rojas and Emily Hawkins Updated: 18:14 EDT, 7 September 2024 A £500million state rescue deal for Tata Steel’s Port Talbot plant will be confirmed this week. Business Secretary Jonathan Reynolds will give the Government’s …
Read More »
De Beers float could be scuppered by weak demand for natural diamonds By John Abiona Updated: 18:26 EDT, 7 September 2024 Plans to float De Beers could be scuppered by weak demand for natural diamonds. Speculation comes just three months after FTSE 100 miner Anglo American announced its diamond business …
Read More »
Shareholders sent offer document on June 26 but the document was 140 pages By Jessica Clark Updated: 17:00 EDT, 7 September 2024 Another storm of protest is rising over the controversial takeover of Royal Mail by the Czech billionaire Daniel Kretinsky. The delivery firm’s owner International Distribution Services (IDS) has …
Read More »
Remember the Royal Mail? It was back on May 15, when the Tories were in Downing Street, that the flaccid board of International Distribution Services (IDS), owner of the Royal Mail, decided to hand the keys of Britain’s 500-year-old postal service to a Czech billionaire Daniel Kretinsky and his shadowy …
Read More »