For many of you it will be the last working day before the Christmas break. It could also be a working day disrupted by strike action. Thousands of union members are on strike today and tomorrow. As if that was not enough to bring you some festive gloom, chaos on …
Read More »workers warn over ‘end of Royal Mail as we know it’
Sam Bankman-Fried has issued a mea culpa in a letter apologising to FTX staff for the collapse of his crypt empire. It comes as US bankruptcy proceedings have revealed that tens of thousands of British traders have been left out of pocket by the implosion of the cryptocurrency exchange FTX. …
Read More »RMT calls off rail strikes and claims victory amid talk of double-digit pay offer
The RMT said that it would now enter into “intensive negotiations” to strike a deal with Network Rail. Staff at train operating companies have also cancelled strikes. Mr Lynch claimed victory and said that the RMT action this summer had “made rail employers see sense”. He added: “We have always …
Read More »Jacob Rees-Mogg in line for payday from sale of investment firm
Daily Mail chief executive Paul Zwillenberg is stepping down from the company as proprietor Lord Rothermere shores up control after a take-private deal earlier this year. Mr Zwillenberg will step down as chief executive and board director of Daily Mail and General Trust (DMGT) at the end of September after …
Read More »Royal Mail faces national security investigation over raid by Czech billionaire
Royal Mail is facing a national security investigation as a billionaire investor known as the “Czech sphinx” prepares to take control of more than a quarter of the business. Kwasi Kwarteng, the Business Secretary, has told the company that he “reasonably expects” Daniel Kretinsky to increase his shareholding to more …
Read More »Britain faces four days without post as 115,000 Royal Mail workers strike
Britain’s postal service faces days of paralysis with letters and prescription medicines undelivered after 115,000 Royal Mail workers announced they will strike in just over a fortnight. The Communication Workers’ Union on Tuesday said members up and down the country will launch industrial action on August 26 and 31, as …
Read More »G7 poised to cap Russian gas prices as it turns the screws on Putin – live updates
It's rejecting Royal Mail's offer of a 2pc increase, describing their treatment as "despicable". If workers vote for the walkout, it could result … Source link
Read More »Royal Mail leads FTSE 100 rebound as it cuts 700 jobs
Good morning. There’s no shortage of news for Unilever at the moment. After its disastrous £50bn move on GSK’s consumer arm – which was firmly rebuffed by the pharmaceutical giant and lambasted by shareholders – it’s now planning to slash thousands of jobs. The cuts are said to target numerous …
Read More »Pound loses ground as Brexit talks go to the wire – live updates
Good morning. Retail data dominates the agenda today, with sales figures for November due out at 7am. They’re expected to show a contraction in spending last month, with a large number of retailers closed due to heightened restrictions in much of the UK. It’s scheduled to be quiet on corporate …
Read More »Retail rebound lost pace in August – live updates
Good morning. The latest official data on UK retail sales, set for release at 7am, is expected to show a slowdown during August amid the impact of the Treasury’s hugely-popular Eat Out to Help Out scheme. Elsewhere, it’s a typically quiet Friday, with European stocks expected to drift slightly lower …
Read More »