[ad_1] Ofcom consultation on six-day letter delivery could bring further boost Happier workforce after wage agreement Sentiment towards Royal Mail is picking up. Shares in International Distributions Services (IDS), which is made up of Royal Mail and European courier GLS, have risen by more than 10 per cent over the past month, and have made sustained…
[ad_1] After months of industrial action, IDS – the parent company of Royal Mail – has struck a deal with posties over changes to salaries and working conditions. Nevertheless, management pay is likely to be under scrutiny on Thursday. The group does not intend to pay outgoing chief executive Simon Thompson a bonus for 2023,…
[ad_1] Postal workers at Royal Mail have voted in favour of a deal that will increase their pay by 10 per cent over the next three years, in a move that promises to ease the turmoil at International Distributions Services (IDS), the listed parent company. According to an announcement by the Communication Workers Union (CWU),…
[ad_1] Welcome to the week ahead, our summary of the forthcoming key company announcements. Companies are no longer obliged to notify the London Stock Exchange (LSE) of results and trading updates, so this list does not claim to be comprehensive. You can read company announcements at http://announce.ft.com and our daily online news summaries record all…
[ad_1] Frank Hanna, the joint chief executive of Michelmersh Brick Holdings (MBH), is set to leave his post to become the sole CEO of rival building materials group Brickability (BRCK). Hanna, who has been in the brick business for 33 years and joint chief executive at Michelmersh alongside Peter Sharp since 2016, is to take…
[ad_1] Euro area growth came in at a lower-than-expected 0.1 per cent in the first quarter: disappointing, but still high enough to ensure that a technical recession has been averted. It is very hard to gauge the strength of the euro area economy at the moment. Purchasing managers indices (PMIs) have been relatively positive, but…
[ad_1] On this week’s episode of the Companies and Markets Show, Deputy Companies Editor Julian Hofmann takes on the role of host in lieu of Dan Jones. Julian and co cover topics ranging from the US debt ceiling and M&S’s results, to all things self-invested personal pensions (Sipps). Will the US default on its debt…
[ad_1] Nvidia (US:NVDA) said it expects to generate $11bn (£8.9bn) of revenue in the next quarter – up 64 per cent year-on-year and 24 per cent ahead of analyst expectations. The company, which designs the graphics processing units (GPUs) essential for training AI large language models, saw its share price rocket 25 per cent in…
[ad_1] A long-running Competition & Markets Authority (CMA) investigation into UK bond pricing in the aftermath of the 2008 financial crash has reached the provisional conclusion that five major banks – Morgan Stanley (US:MS), HSBC (HSBA), Citi (US:C), Royal Bank of Canada (CA:RY) and Deutsche Bank (DE:DBK) – all broke competition laws by sharing information…
[ad_1] Check return on capital and margins are good Review valuation Understand the business and watch out for traps The hiking of interest rates from 2021 has increased firms’ cost of capital and frayed the margins of returns, especially for companies that have also experienced significant input cost inflation. Therefore, in a much more challenging…