Offer may undervalue service if changes to Universal Service Obligation made This guarantees deliveries made six days a week across UK at a fixed price Removing Monday-to-Saturday obligation could generate extra £300m By Alex Brummer Updated: 16:51 EDT, 27 July 2024 Big City investors speaking for more than a fifth …
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By John Abiona Updated: 09:26 EDT, 26 July 2024 Shares in the owner of British Gas fell by almost 10pc despite the London stock market bouncing back following a tech stock meltdown on Wall Street. Centrica plunged 9.9pc, or 14.2p, to 128.85p after first-half profits halved – though it still …
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FCA is introducing new rules to protect access to cash Banks and building societies will have to assess gaps in local access to cash Some 3m people rely on cash FCA says By Helen Kirrane Updated: 02:49 EDT, 24 July 2024 New rules for banks and building societies to protect …
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By Maggie Pagano Updated: 03:47 EDT, 23 July 2024 President Macron must be gnashing his teeth. One of France’s most influential and colourful media tycoons, Vincent Bollore, has chosen the London Stock Exchange to list his global TV arm, Canal+, rather than stay in Paris. It’s a great coup for …
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By John-Paul Ford Rojas Updated: 03:44 EDT, 23 July 2024 Labour will ‘call in’ the £3.6bn takeover of Royal Mail by a billionaire dubbed the Czech Sphinx, the Business Secretary said yesterday. Jonathan Reynolds said he has no objection in principle to the postal service having an overseas owner but …
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Foat has taken a leave of absence on full pay from his role It comes as investigation into miscarriage of justice enters final phase Post Office prosecuted hundreds of innocent post-masters and post-mistresses By Patrick Tooher Updated: 16:50 EDT, 20 July 2024 The Post Office has plunged into more turmoil …
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By Leah Montebello Updated: 16:50 EDT, 19 July 2024 The crisis engulfing the shipyard that built the Titanic deepened as its boss resigned and it confirmed it will not receive a £200m lifeline from the Government. As the future of Harland & Wolff hangs in the balance, it said yesterday …
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By Leah Montebello Updated: 17:00 EDT, 18 July 2024 Royal Mail has enjoyed a surge in revenues as a record number of postal votes were delivered during the election. International Distribution Services (IDS), its owner, said revenues from letters hit £985million in the three months to the end of June, …
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Babcock’s underlying operating profits jumped by 34% to £238m last year Defence firms have benefited from governments ramping up military spending By Harry Wise Updated: 05:22 EDT, 17 July 2024 Babcock enjoyed bumper earnings growth last year despite continuing to incur high losses from a legacy shipbuilding contract. The defence …
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Daniel Kretinsky said he will honour current Royal Mail USO rules IDS agreed to a £3.57bn takeover bid from Kretinsky’s EP Group By Daniel Fessahaye Updated: 11:27 EDT, 16 July 2024 In an interview with the BBC, Czech billionaire Daniel Kretinsky said he will honour Royal Mail’s Universal Service Obligation …
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