By Alex Brummer Updated: 16:50 EDT, 29 June 2024 Patriotic: Sir Peter Wood has always willingly paid UK taxes on his self-made wealth Sir Peter Wood, one of Britain’s most successful entrepreneurs, is unhappy. He is speaking from his Palm Beach villa, a short distance from Donald Trump’s Mar-a-Lago, where …
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Five successive chief executives shared a total of £15.2m This number will swell to as much as £22.6m by time takeover is completed Critics said public would be ‘outraged’ by huge sums given poor level of service By Jessica Clark Updated: 16:55 EDT, 28 June 2024 The bumper pay handed …
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By Jessica Clark Updated: 17:00 EDT, 26 June 2024 The boss of Royal Mail’s owner could rake in more than £5million from the sale of the postal service to the ‘Czech Sphinx’. Martin Seidenberg, the chief executive of International Distribution Services (IDS), will get a payout due to his shareholding …
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By Jon Hopkins Updated: 03:30 EDT, 22 June 2024 The sun has finally come out for the FTSE 100 after a dismal start to the summer. Britain’s blue-chip share index logged a weekly gain yesterday – its first in six weeks. Investors have been encouraged in recent days by news …
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Daniel Kretinsky stunned the City when he revealed plans to take over the owner of Royal Mail. And it was an even bigger surprise to many when the board of International Distribution Services (IDS), the delivery business’s parent company, unanimously backed the Czech billionaire’s £3.6billion offer. Royal Mail’s privatisation back …
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Net fees were down 7% YOY to £188.7m for the six months to 31 May By Daniel Fessahaye Updated: 09:41 EDT, 18 June 2024 SThree expects to be ‘in line with market expectations’ for the financial year despite reporting a dip in net fees amid a ‘challenging market’. The recruitment …
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The obituary for share trading in London has been written many times. However, the latest data shows that London’s equity markets have regained leadership over Paris, in spite of France hosting LVMH, Europe’s most valuable enterprise. Fears of an ultra-Right government in France have given London the edge. Confidence in …
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By Hugo Duncan Updated: 17:01 EDT, 17 June 2024 London has regained its crown as Europe’s biggest stock market after political turmoil in France sent shares in Paris tumbling. In a major boost for the City, data compiled by Bloomberg showed UK stocks are valued at £2.51 trillion. That is …
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By This Is Money Updated: 12:12 EDT, 17 June 2024 The FTSE 100 closed down 4.71 points at 8142.15. Among the companies with reports and trading updates today are Kingfisher, Hikma Pharmaceuticals, AstraZeneca, and Shawbrook Bank. Read the Monday 17 June Business Live blog below. > If you are using our …
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By Emily Hawkins Updated: 02:38 EDT, 17 June 2024 British manufacturers’ confidence is at its highest level in a decade as businesses hail ‘concrete signs’ of an economic turnaround. A closely watched survey of firms has revealed a rebound in companies’ hopes about their growth prospects. Both output and orders …
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