[ad_1] Asset manager Redwheel told regulators they should reduce the UK postal service’s legal obligations. The move followed a failed buyout attempt by Daniel Kretinsky for International Distributions Services, its parent company. The billionaire investor was said to be evaluating a possible improved bid. The company meanwhile has petitioned Ofcom to let it cut the…
[ad_1] London’s FTSE 100 was up 0.6% at 7,570.51 in afternoon trade on Thursday. Ocado surged to the top of the index, having tumbled a day earlier after Ocado Retail – its 50:50 joint venture with Marks & Spencer – cut its annual sales target. Intermediate Capital was a high riser after it said total…
[ad_1] Royal Mail shot to its highest price since February 2019 on Monday, on hopes it could win a £550m government contract against Amazon to deliver 215,000 Covid home-testing kits a day as part of the NHS Test and Trace. Britain’s postal service company rose 8.5p to 261.7p. Adding to optimism is an expected increase in…
[ad_1] Ocado has lost the right to open a new depot in north London after the local council ruled that a planning application was misleading. The news emerged after Labour councillors in the area welcomed the move by the authorities in Islington. The decision could be a major setback for Ocado’s ambitions to have depots…
[ad_1] Ocado claims its CNG delivery trucks will help slash the firm’s CO2 emissions | Credit: Ocado Ocado is expanding its fleet of CNG-fuelled trucks, while Amazon has unveiled its first custom designed electric delivery van Online supermarket Ocado is forging ahead with plans to draw down the emissions of its extensive delivery fleet using…