By Leah Montebello Updated: 17:22 EDT, 14 May 2024 Daniel Kretinsky – known as the Czech Sphinx – has until 5pm today to walk away or make a bid for Royal Mail’s parent company IDS The future of Royal Mail hangs in the balance as the deadline looms for a …
Read More »Hollywood silly money? I’d only have stuffed it under the bed, says thriller writer Gerald Seymour
By York Membery Updated: 16:52 EDT, 11 May 2024 Gerald Seymour shot to fame with Harry’s Game, his gripping 1970s book set against a backdrop of the Northern Ireland Troubles, which became a hit TV drama, writes York Membery. Several of the 82-year-old’s other thrillers – including The Glory Boys …
Read More »Boost for City as BP vows to keep its London listing – but profits at oil giant tumble 45% to £2.2bn
By Jessica Clark Updated: 17:09 EDT, 7 May 2024 BP’s boss insisted the oil giant has no plans to leave the London stock market as first quarter profits tumbled. Chief executive Murray Auchincloss yesterday said leaving the City is not on the agenda. It comes as Auchincloss faces pressure to …
Read More »Consumption of diesel is down almost a billion litres in a year as petrol demand shoots up
UK diesel consumption fell by 3.2% in the financial year from 2023-2024 Diesel hovering just under 160p a litre, with high prices pushing people to petrol Petrol consumption rose 4.2%, but petrol cars are less fuel efficient By Freda Lewis-Stempel Updated: 22:00 EDT, 5 May 2024 UK diesel consumption fell by …
Read More »Billionaire Czech Sphinx bidding for Royal Mail insists he would not slash any jobs if he succeeds
By City & Finance Reporter Updated: 16:50 EDT, 5 May 2024 Eyes on the prize: Daniel Kretinsky is preparing to table a new takeover offer The billionaire bidding for the Royal Mail has insisted he would not slash any jobs if he succeeds. Daniel Kretinsky is preparing to table a new …
Read More »RUTH SUNDERLAND: Investors pulling money out of UK funds on a worrying scale
32 consecutive months of net withdrawals from funds by private investors Savers took out more than £13.5bn in 2023 Exodus is terrible for UK stock market and wider economy By Ruth Sunderland for the Daily Mail Updated: 16:50 EDT, 5 May 2024 Ask a fund manager investing in UK shares …
Read More »House prices fall for second month due to higher mortgage rates, says Nationwide
House prices fell for the second month in a row, according to Nationwide, with rising mortgage rates putting off many would-be buyers. The average UK home fell in value by 0.4 per cent in April, following a 0.2 per cent fall in March, according to Nationwide, taking account of seasonal effects. …
Read More »HSBC boss’s premature departure does not inspire confidence, says ALEX BRUMMER
By Alex Brummer for the Daily Mail Updated: 18:00 EDT, 30 April 2024 There is something dysfunctional about management and continuity at HSBC. Chief executive Noel Quinn, having spent seven months auditioning for the top job, has decided to quit after less than five years at the helm. Contrast this …
Read More »Royal Mail boss blasts ministers for dithering over urgent reforms
By Jessica Clark Updated: 18:05 EDT, 30 April 2024 Cost cutting: Royal Mail’s owner IDS is calling on Ofcom to speed up a review and allow it to ‘urgently’ bring in sweeping changes The boss of Royal Mail’s owner has slammed ministers and regulators over their failure to reform the …
Read More »Amazon booms on AI bonanza: Tech titan rakes in sales of £1.25bn a day
By Emily Hawkins Updated: 18:15 EDT, 30 April 2024 AI boom: Amazon said revenues hit £115bn in the first three months of 2024 Amazon raked in sales of £1.25billion a day at the start of the year as it cashed in on demand for artificial intelligence technology. The company said …
Read More »