By Jessica Clark Updated: 03:49 EDT, 27 October 2024 Czech billionaire Daniel Kretinsky looks set to buy Royal Mail owner International Distribution Services, pending a national security probe Royal Mail will take longer to deliver millions of business letters as part of a trial ahead of official changes to regulations. The …
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By Charles White Thomson Updated: 06:50 EDT, 27 October 2024 Charles White Thomson is a senior fellow at the Adam Smith Institute and former investment company CEO The UK’s 2024 International Investment Summit raised £63 billion of private investment and 38,000 UK jobs ahead of the Budget. The investments include: …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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