Tag Archives: Sunday

Tesco‘s pension fund lost £9bn in value and fell into a deficit after multiple safe investments went sour. In particular, the fund is heavily exposed to so-called Liability Driven Investments. Those LDIs came unstuck in 2022 following a sharp rise in interest rates that left pension funds nursing heavy losses. …

The Financial Mail on Sunday‘s Midas column touted shares of steel group Billington Holdings. The tipster highlighted the company’s move into multiple high-growth fields, ranging from movie studios to renewable energies, data centres or online warehouses. Among its green projects was the recent construction of energy-from-waste plants, including that at …

Royal Mail national strike action will take place on the below dates Friday 9th December Sunday 11th December Wednesday 14th December Thursday 15th December Friday 23rd December Saturday 24th Decembe All orders will be dispatched as soon as possible however any special and tracked deliveries cannot be guaranteed to arrive …

The Chancellor will most likely not include business rates relief in his autumn statement this week. Insiders in the government have signalled that Jeremy Hunt will not give into calls to delay the uprating of business rates nor to extend relief from the tax. They are set to rise in …

Royal Mail is facing a summer of discontent as its union demands with a potential price tag of £1bn, even as it calls for shorter working weeks … Source link

Ted Baker‘s suitor from the other side of the Pond could step away from its bid for the fashion group. Authentic Brands had been negotiating an acquisition for £1.50 a share. Jut last week Ted Baker had said it was in talks with a ‘preferred counter-party’. But now the US …

The White House clarified comments from Joe Biden who earlier had called for Russian President Vladimir Putin’s ouster. In a speech delivered in Poland, Biden said: ““For God’s sake, this man cannot remain in power.” A spokesman for the White soon after stated that US leader was not talking about …

The Sunday Times‘s Robert Watts sounded the retreat for investors in shares of Games Workshop, the maker of table-top figurines for The Lord of the Rings, Warhammer and other fantasy settings. In particular, he took issue with the company’s decision to clamp down on fans who were creating animations using …

A cash call would be the quickest way for IAG to tackle its €12.3bn of debt and begin paying a dividend again, HSBC aviation analyst Andrew Lobbenberg said. If not, then the carrier would have to resort to its cash flows. Any decision on a rights issue would likely be …

Vaccines Minister Nadhim Zahawi today said AstraZeneca is ‘confident’ its jab prevents serious illness caused by the South African coronavirus variant after early data from a small study suggested the vaccine was less effective against the strain. Mr Zahawi said he had spoken to England’s Deputy Chief Medical Officer Jonathan …