By John-Paul Ford Rojas Updated: 03:44 EDT, 23 July 2024 Labour will ‘call in’ the £3.6bn takeover of Royal Mail by a billionaire dubbed the Czech Sphinx, the Business Secretary said yesterday. Jonathan Reynolds said he has no objection in principle to the postal service having an overseas owner but …
Read More »
Foat has taken a leave of absence on full pay from his role It comes as investigation into miscarriage of justice enters final phase Post Office prosecuted hundreds of innocent post-masters and post-mistresses By Patrick Tooher Updated: 16:50 EDT, 20 July 2024 The Post Office has plunged into more turmoil …
Read More »
By Leah Montebello Updated: 16:50 EDT, 19 July 2024 The crisis engulfing the shipyard that built the Titanic deepened as its boss resigned and it confirmed it will not receive a £200m lifeline from the Government. As the future of Harland & Wolff hangs in the balance, it said yesterday …
Read More »
By Leah Montebello Updated: 17:00 EDT, 18 July 2024 Royal Mail has enjoyed a surge in revenues as a record number of postal votes were delivered during the election. International Distribution Services (IDS), its owner, said revenues from letters hit £985million in the three months to the end of June, …
Read More »
Babcock’s underlying operating profits jumped by 34% to £238m last year Defence firms have benefited from governments ramping up military spending By Harry Wise Updated: 05:22 EDT, 17 July 2024 Babcock enjoyed bumper earnings growth last year despite continuing to incur high losses from a legacy shipbuilding contract. The defence …
Read More »
Daniel Kretinsky said he will honour current Royal Mail USO rules IDS agreed to a £3.57bn takeover bid from Kretinsky’s EP Group By Daniel Fessahaye Updated: 11:27 EDT, 16 July 2024 In an interview with the BBC, Czech billionaire Daniel Kretinsky said he will honour Royal Mail’s Universal Service Obligation …
Read More »
Move sparks fierce opposition over concerns about jobs Postal bosses facing calls to meet with MPs Railway workers union says move must be reviewed By Jessica Clark And Leah Montebello Updated: 16:50 EDT, 14 July 2024 Royal Mail is facing a mounting backlash over its plan to stop transporting post …
Read More »
By Jessica Clark Updated: 17:00 EDT, 10 July 2024 Labour ministers will hold urgent talks with water bosses today as they gear up for a regulatory ruling on their finances. Executives from Thames Water, South East Water and Severn Trent are among those who have been summoned to meet Environment …
Read More »
Direct Line plans to pay 60% of its operating earnings as a regular dividend By Jane Denton Updated: 03:49 EDT, 10 July 2024 Direct Line Group is planning to pay out roughly 60 per cent of its operating profits as regular dividends, as its new boss works to revive the …
Read More »
By City & Finance Reporter Updated: 21:50, 30 June 2024 Making history: At his coronation King Charles wore the robe made for George VI Profits at the King’s gown maker have slumped by more than 50 per cent as the post-Covid boom fades. Ede & Ravenscroft reported profits of £1.5m …
Read More »