Open this photo in gallery: ABBA’s Björn Ulvaeus, Anni-Frid Lyngstad, Agnetha Fältskog and Benny Andersson are given the Royal Vasa Order from Sweden’s King and Queen during a ceremony at Stockholm Royal Palace on May 31.HENRIK MONTGOMERY/TT/Getty Images The four members of the Swedish pop quartet ABBA, who triumphed at …
Read More »Friday newspaper round-up: Royal Mail, fossil fuels, Anglo American
The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), …
Read More »Thursday newspaper round-up: Sony Music, Royal Mail, house prices
A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a ‘financial services manifesto’ released by …
Read More »Royal Mail owner approves takeover bid from Czech billionaire
Open this photo in gallery: A Royal Mail worker loads vans at a delivery office in Tonbridge, Britain, on May 29.Chris J Ratcliffe/Reuters It was established by King Henry VIII to send messages to members of the royal court, and now, for the first time in its 508-year history, Britain’s …
Read More »Royal Mail owner IDS delays results amid takeover bid
Royal Mail owner International Distribution Services said on Thursday that it has had to delay the publication of its full-year results – which were originally due on Thursday morning – after auditor KPMG requested additional time to complete procedures. “The group’s auditor, KPMG, has requested additional time to complete the …
Read More »Royal Caribbean recruiting thousands to meet surging demand, sources say
Cruise operator Royal Caribbean Group is in discussions with new and existing markets around the world to recruit thousands of workers to staff its ships and private destinations to keep up with record cruise demand. The number of people taking cruises hit a record in 2023, and with the surge …
Read More »Sunday newspaper round-up: Darktrace, National Insurance, Royal Mail
An aura of mystery continues to linger over whether the biggest of Darktrace‘s shareholders are prepared to support Thoma Bravo’s £4.2bn takeover. Among those is Mike Lynch, who is currently facing trial in the US over fraud claims linked to executive search software outfit Autonomy. Also unclear is the position …
Read More »Sunday newspaper round-up: Royal Mail, Shein, Canary Wharf
The heads of the Communication Workers Union have acquiesced to Royal Mail’s demand to end six-day-a-week letter deliveries, paving the way for historic cuts to postal services. Royal Mail wants to amend its universal service obligation so that it must only deliver second-class post every other day. Nonetheless, first-class mail …
Read More »Thursday newspaper round-up: Royal Mail, welfare bill, Boeing, Alstom, Federal Reserve
The Labour Party is open to the prospect of a takeover of the owner of Royal Mail by the struggling postal group’s Czech billionaire investor, which is considering a renewed approach. EP Group, a conglomerate controlled by Daniel Kretinsky, revealed on Tuesday that it had made a “non-binding indicative proposal” …
Read More »Erosion of postal delivery service or much needed reform?
The mail arrives at Belmont, Unst. photo: Royal Mail ISLES MP Alistair Carmichael has called on postal regulator Ofcom to reject proposals from Royal Mail to cut back on delivery services. On Wednesday the company published proposals to cut services including changing the delivery of all non first class letters …
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