Daniel Kretinsky stunned the City when he revealed plans to take over the owner of Royal Mail. And it was an even bigger surprise to many when the board of International Distribution Services (IDS), the delivery business’s parent company, unanimously backed the Czech billionaire’s £3.6billion offer. Royal Mail’s privatisation back …
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Net fees were down 7% YOY to £188.7m for the six months to 31 May By Daniel Fessahaye Updated: 09:41 EDT, 18 June 2024 SThree expects to be ‘in line with market expectations’ for the financial year despite reporting a dip in net fees amid a ‘challenging market’. The recruitment …
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By Alex Brummer for the Daily Mail Updated: 17:27 EDT, 18 June 2024 When you push on the door firmly enough, it eventually caves in. The private equity consortium stalking investor platform Hargreaves Lansdown has come up with a bid price of £5.4billion, or £11.40 a share, which the board, …
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The obituary for share trading in London has been written many times. However, the latest data shows that London’s equity markets have regained leadership over Paris, in spite of France hosting LVMH, Europe’s most valuable enterprise. Fears of an ultra-Right government in France have given London the edge. Confidence in …
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By Hugo Duncan Updated: 17:01 EDT, 17 June 2024 London has regained its crown as Europe’s biggest stock market after political turmoil in France sent shares in Paris tumbling. In a major boost for the City, data compiled by Bloomberg showed UK stocks are valued at £2.51 trillion. That is …
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By Alex Brummer for the Daily Mail Updated: 17:01 EDT, 17 June 2024 Labour’s first major corporate challenge, if and when it takes office, is what to do about the Royal Mail. Other industrial hot potatoes, such as the future of Tata-owned Port Talbot and Thames Water, also lie in …
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By This Is Money Updated: 12:12 EDT, 17 June 2024 The FTSE 100 closed down 4.71 points at 8142.15. Among the companies with reports and trading updates today are Kingfisher, Hikma Pharmaceuticals, AstraZeneca, and Shawbrook Bank. Read the Monday 17 June Business Live blog below. > If you are using our …
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By Emily Hawkins Updated: 02:38 EDT, 17 June 2024 British manufacturers’ confidence is at its highest level in a decade as businesses hail ‘concrete signs’ of an economic turnaround. A closely watched survey of firms has revealed a rebound in companies’ hopes about their growth prospects. Both output and orders …
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We are slowly edging towards the General Election. For most people, the campaigning has been stultifyingly boring – a reflection of the fact that a Labour victory on July 4 is now considered a dead cert – and not even the release in recent days of the manifestos by the …
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By John Abiona Updated: 07:21 EDT, 16 June 2024 Cutting back: Customers have reined in their spending on expensive handbags Michael Kors saw its UK sales plunge sharply last year as customers reined in their spending on expensive handbags and clothes. The US brand, which was set up in 1981, …
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