[ad_1] By CALUM MUIRHEAD Updated: 16:50 EST, 16 November 2024 The biggest employers in Britain are facing a £1 billion tax bombshell after they were left reeling by Labour’s plan to hike National Insurance contributions. Some of the best-known firms, which between them provide jobs for more than 1 million people, will owe the Treasury…
[ad_1] As the holiday season looms into view, Royal Mail is joining M&S, Sainsbury’s, Aldi et al in the advertising battle for Christmas revenues. Britain’s postal delivery service is involved in an existential fight. Owner International Distribution Services (IDS) finds itself under intense regulatory scrutiny following the board’s decision to sell-out to Czech billionaire Daniel…
[ad_1] A Miss Tweed article said Bernard Arnault was ‘keen to see such a deal happen’ Burberry’s value has declined significantly over the past 18 months By HARRY WISE Updated: 08:56 EST, 4 November 2024 Italy’s Moncler is reportedly considering a takeover bid for struggling British luxury icon Burberry. Fashion website Miss Tweed reported on…
[ad_1] 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 Ofcom watchdog will consult…
[ad_1] 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: wind and solar farms,…
[ad_1] 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 royal ratcatcher announced a…
[ad_1] 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 Boston-based buyout group may…
[ad_1] 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 first-class stamp price hike…
[ad_1] 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 London Stock Exchange Group…
[ad_1] 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 research Brian Baldwin will…