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 …
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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 …
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Investment trusts are subject to the UK’s ‘pernicious’ stamp duty regime This means savers pay a 0.5% levy when they buy shares in these trusts Trusts also charged 0.5% when they purchase shares in companies By Hugo Duncan Updated: 16:52 EDT, 28 April 2024 Britain must scrap the ‘double taxation’ …
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Government, which left Royal Mail so vulnerable, needs to push through reforms These would give current boss Martin Seidenberg a fighting chance New ownership, even if proprietor is benign, involves disruption and risk By Ruth Sunderland for the Daily Mail Updated: 17:06 EDT, 28 April 2024 Czech Sphinx: Businessman Daniel …
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A tale of a chief executive about to join a high-profile British company has gone down in City folklore. Before taking the reins, a trusted advisor asks him the rather awkward question of how much he thought he should be paid. ‘How much do you think I can get away …
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By Jessica Clark Updated: 16:51 EDT, 27 April 2024 Taxpayers could be on the hook for a multi-million-pound bill to help Royal Mail deliver post. The 500-year-old postal service, which this month became a takeover target, has urged the Government to contribute to the cost of distributing letters. It has …
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By City & Finance Reporter Updated: 16:53 EDT, 26 April 2024 The Czech billionaire trying to buy Royal Mail has taken a 20 per cent stake in a German steel business. Daniel Kretinsky, whose £3.2billion offer for Royal Mail owner International Distributions Services (IDS) has been rejected, has snapped up …
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By Anne Ashworth Updated: 16:51 EDT, 26 April 2024 Breakfast cereal, detergent and 24 carat gold bars. This may not be the typical shopping list. But in recent months thousands of customers at the US cash-and-carry giant Costco have been putting one-ounce bullion bars into their trolleys. They are spending …
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By Jessica Clark Updated: 17:00 EDT, 25 April 2024 Mining giant BHP was last night told it will need to raise its bid for Anglo American after launching an ‘opportunistic’ £31billion swoop on its Footsie rival. The offer, which analysts said could set the whole mining sector ‘on fire’, is …
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Royal Mail is one of this country’s most iconic brands, woven indelibly into the fabric of our society. It spans nearly 500 years, and its history has a rather nice symmetry, first providing services to the public under the reign of King Charles I in 1635 and continuing today under …
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