Wall Street stocks were in the red early on Monday as market participants looked ahead to key inflation data due out later in the week. As of 1450 BST, the Dow Jones Industrial Average was down 0.33% at 39,367.84, while the S&P 500 lost 0.16% to 5,355.70 and the Nasdaq …
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Royal Mail parent International Distribution Services (IDS) announced on Monday that its parcel services subsidiary, GLS, would sell its US freight divisions to California-based DC Logistics. The move was part of GLS’ strategic focus on enhancing its core parcel services. According to Reuters, the divestment would include GLS US Freight …
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Clean energy technology business Ceres Power said on Monday that it has inked a global long-term licence agreement for the manufacture of its proprietary solid oxide electrolyser cell technology with an original equipment manufacturer based in the Asia-Pacific region. Ceres said the agreement meant it had secured another partner with …
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The new Labour government is set to look closely at the £5.3bn takeover of Royal Mail-owner International Distribution Services by Czech billionaire Daniel Kretinsky. Business secretary Jonathan Reynolds said it would be “reasonable to expect [the deal] to be called in”, as ministers had intervened when Kretinsky increased his stake …
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The Financial Mail on Sunday‘s Midas column tipped shares of LondonMetric to its readers, highlighting its long record of dividend payouts, focus on the fast-growing bits of the economy and “rude” financial health. LondonMetric had been paying out dividends for nine years and Midas expected the current year to be …
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London stocks were set for a steady open on Wednesday as investors mulled the latest UK inflation reading. The FTSE 100 was called to open flat at 8,191. Figures released earlier by the Office for National Statistics showed that annual consumer price inflation fell to 2% in May from 2.3% …
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Britain’s next government will need to fill a shortfall of up to £33bn in the public finances unless it is prepared to push through a fresh round of severe austerity measures, a thinktank has warned. The Resolution Foundation said the debate between Labour and the Conservatives over the funding of …
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The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), …
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The Sunday Times’s Lucy Tobin spied an opportunity in shares of Domino’s Pizza. In particular, she noted that the takeout outfit was due to benefit from Euro 2024 and the attendant boost to marketing spend. Its growth plans, with 70 new stores planned for 2024, investment in its app and …
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An aura of mystery continues to linger over whether the biggest of Darktrace‘s shareholders are prepared to support Thoma Bravo’s £4.2bn takeover. Among those is Mike Lynch, who is currently facing trial in the US over fraud claims linked to executive search software outfit Autonomy. Also unclear is the position …
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