[ad_1] 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 made £1bn – following…
[ad_1] 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 access to cash for…
[ad_1] 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 the City – and…
[ad_1] 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 added that the deal…
[ad_1] 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 after the lawyer leading…
[ad_1] 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 that chief executive John…
[ad_1] 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, up 11 per cent from…
[ad_1] 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 contractor said its underlying…
[ad_1] 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 (USO) for as long…
[ad_1] Move sparks fierce opposition over concerns about jobs Postal bosses facing calls to meet with MPs Railway workers union says move must be reviewed By Jessica Clark And Leah Montebello Updated: 16:50 EDT, 14 July 2024 Royal Mail is facing a mounting backlash over its plan to stop transporting post by rail. This newspaper…