Royal Mail shares stumbled on Thursday, as the postal delivery firm outlined its new restructuring plan that could cost 2,000 jobs. Royal Mail shares RMG, -12.23% dropped 10% as the company said it expects to be loss-making this year and not to pay a dividend. The job cut plan by …
Read More »Labour trails Tories as Jeremy Corbyn promises nationalization of industries (Update)
The British election takes place on December 12th and most polls show the Labour Party led by Jeremy Corbyn trailing Boris Johnson’s Tories. In fact, the most recent poll shows the Tories with an 18 point lead. But things could change dramatically over the next few hours as Johnson and …
Read More »Labour to fight nationalisation battles in court
A shadow cabinet minister has warned that a Labour government’s drive to nationalise key industries could fail, if the party loses the first legal challenge to the controversial plans. Jon Trickett, shadow minister for the Cabinet Office, told an audience at a Labour conference fringe event last Tuesday that the …
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