[ad_1] By DAILY MAIL CITY & FINANCE REPORTER Updated: 17:08 EDT, 15 April 2025 Plans to water down second class post will decimate the service and could result in Royal Mail becoming the next victim of a taxpayer bail out, businesses have warned. Watchdog Ofcom’s proposals to cut second-class deliveries to every other working day…
[ad_1] By CALUM MUIRHEAD Updated: 16:50 EDT, 12 April 2025 The Czech tycoon taking over Royal Mail in a controversial debt-fuelled deal has suffered a £3 billion blow after profits plunged at his energy empire. Daniel Kretinsky will this month become the first overseas owner of the postal service in its 500-year history. He is…
[ad_1] A month ago, just one or two more rate cuts were predicted for 2025 By MIKE SHEEN Updated: 04:59 EDT, 9 April 2025 Investors have ramped-up bets on Bank of England interest rate cuts amid growing fears the outbreak of a trade war will weigh heavily on economic growth. Signs of resurgent inflationary pressures…
[ad_1] By HUGO DUNCAN Updated: 18:00 EDT, 27 March 2025 Foreign predators are swooping on British companies at a rate not seen for three years. In a report that will fuel concerns over low valuations in the UK, the London Stock Exchange Group (LSEG) said the value of bids from overseas for British firms has…
[ad_1] By MIKE SHEEN Updated: 09:12 EDT, 26 March 2025 Morrisons has boosted its medium-term savings target to £1billion, as the supermarket faces growing costs and the lingering impact of a major cyber security incident. The retailer’s chief executive Rami Baitiéh has previously warned of an ‘avalanche of costs’ arrising from changes announced in Chancellor…
[ad_1] By MARK SHAPLAND Updated: 17:50 EDT, 15 March 2025 James Daunt, the boss of Waterstones, this weekend said the London stock exchange is an attractive market for retail businesses, raising hopes the bookseller will stage a float in the City. Daunt, who also runs US bookshop Barnes & Noble, told The Mail on Sunday…
[ad_1] By JESSICA CLARK Updated: 17:50 EDT, 14 March 2025 The boss of Asda has warned there is no quick fix at the crisis-hit supermarket as sales continue to fall after its private equity takeover four years ago. Executive chairman Allan Leighton said profits will be ‘materially’ lower this year as he prepares to plough…
[ad_1] The cost of a first-class stamp will rise to £1.70 from 7 April, representing an increase of 3 per cent or 5p from the current level. Today marks the sixth rise in first class stamp prices in just three years. International Distribution Services, the owner of Royal Mail, also announced that the price of…
[ad_1] By DAILY MAIL CITY & FINANCE REPORTER Updated: 17:00 EST, 5 March 2025 Delays: Czech tycoon Daniel Kretinsky’s EP Group, struck a deal to buy Royal Mail owner International Distribution Services last year The £3.6billion takeover of the owner of Royal Mail by the ‘Czech Sphinx’ is set to be delayed due to a…
[ad_1] By CALUM MUIRHEAD Updated: 16:51 EST, 22 February 2025 A French theme park tycoon with ties to the Kremlin is behind plans for a £600 million attraction hoping to be set up near Oxford. Puy du Fou, which runs medieval-themed parks in France and Spain, plans to expand with a 400-acre site in Cherwell,…