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 »
It is tragic to learn that Mike Lynch, one of Britain’s most brilliant tech entrepreneurs, and his 18-year-old daughter are still missing after his luxury super yacht was hit by a freak storm off the coast of Sicily yesterday morning. So far one person has been confirmed dead, and four …
Read More »
By John Abiona Updated: 16:50 EDT, 2 August 2024 Ploughing savers’ money into British infrastructure and private equity risks undermining the primary role of pensions, a major mutual insurer has warned. Barry O’Dwyer, chief executive of Royal London, said he is ‘nervous’ about Labour’s proposal to shake-up the pensions industry. …
Read More »
By City & Finance Reporter Updated: 16:50 EDT, 28 July 2024 Delivery giant Evri is planning to hire 9,000 new staff just days after announcing new private equity owners. The British parcel company wants to expand its team of couriers and warehouse staff amid ballooning demand for its services. It …
Read More »
Offer may undervalue service if changes to Universal Service Obligation made This guarantees deliveries made six days a week across UK at a fixed price Removing Monday-to-Saturday obligation could generate extra £300m By Alex Brummer Updated: 16:51 EDT, 27 July 2024 Big City investors speaking for more than a fifth …
Read More »
By John Abiona Updated: 09:26 EDT, 26 July 2024 Shares in the owner of British Gas fell by almost 10pc despite the London stock market bouncing back following a tech stock meltdown on Wall Street. Centrica plunged 9.9pc, or 14.2p, to 128.85p after first-half profits halved – though it still …
Read More »