Tag Archives: Pound

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 …

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 …

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

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 …

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 …

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 …

'Czech Spinx' raises Royal Mail stake further. Daniel Kretinsky, the billionaire known as the Czech Sphinx, has upped his stake in Royal Mail again, … Source link

The energy tycoon also praised Royal Mail's “tradition, history and importance of the public service it provides”. The appearance of his fund, Vesa Equity … Source link

3) Wife of advertising tycoon Sir Martin Sorrell files for divorce: Lady Cristiana Falcone Sorrell and Sir Martin, former boss of advertising giant WPP, have been married for 12 years and have a young daughter. 4) Disney has announced the surprise early replacement of its chief executive Bob Iger, ending his 15-year run …

3) The failure to electrify thousands of miles of railway threatens Boris Johnson’s promise to make Britain the cleanest country on earth, industry leaders have warned. Rail chiefs have written to Transport Secretary Grant Shapps urging him to press on with electrification so that the industry can cut out carbon emissions by 2040. 4) Beales …