[ad_1] International Distributions Services swung to a first-half operating loss of £57million as strike disruption, rising costs and lower delivery volumes took their toll. At the same point a year ago Royal Mail’s parent company posted an operating profit of £404million. The former British postal monopoly, which recently changed the name of its holding company…
[ad_1] RUTH SUNDERLAND: Danger of a hair shirt Budget – taxing aspiration is a tax on human nature Two enormous challenges lie in wait for Jeremy Hunt and Rishi Sunak in Budget The first is restoring credibility to the public finances The second, and even more important challenge, is to ignite growth In zeal to…
[ad_1] Special delivery: Daniel Kretinsky can raise his stake in Royal Mail above 25 per cent At the sporting events where they are spotted together, Daniel Kretinsky and Anna Kellnerova could easily blend into the crowd. But the bespectacled 47-yearold lawyer and his much younger showjumper girlfriend are one of the world’s richest couples, basking…
[ad_1] The Czech Sphinx with an eye for energy and football: Billionaire Daniel Kretinsky cleared to swoop on Royal Mail as national security probe is called off Kretinsky controls 22% of Royal Mail parent company IDS ‘No further action’ would be taken against him should he increase his stake By Calum Muirhead For The Daily…
[ad_1] Government clears Czech billionaire’s plan to increase his 22% stake in Royal Mail after national security probe Daniel Kretinsky looks set to be allowed to up his stake in Royal Mail In August, the Government said it would launch a national security probe Today, International Distributions Services – the new name for Royal Mail…
[ad_1] Now you can’t even swap your stamps at the Post Office as Royal Mail blames ‘security reasons’ By Laura Purkess For The Daily Mail Published: 17:14 EDT, 25 October 2022 | Updated: 17:14 EDT, 25 October 2022 Royal Mail has warned customers that they cannot swap their old-style stamps at the Post Office because…
[ad_1] Profit warnings soar to highest level since the financial crisis: A total of 86 statements downgrading profit forecasts were issued over third quarter By Daily Mail City & Finance Reporter Published: 16:50 EDT, 23 October 2022 | Updated: 16:50 EDT, 23 October 2022 Profit warnings from UK companies have hit their highest level since…
[ad_1] Swap old stamps for the latest barcoded versions so you are not left out of pocket By Laura Purkess For The Daily Mail Published: 17:01 EDT, 18 October 2022 | Updated: 17:01 EDT, 18 October 2022 People are being urged to exchange old stamps for the latest barcoded versions to avoid being left out…
[ad_1] Top firms embroiled in pension bailout storm: BP, Rolls-Royce and Royal Mail using funding strategy blamed for meltdown in bond market Schemes have LDIs designed to protect against interest rate/inflation spikes Widespread use sparked recent sell-off in Government bonds, known as gilts Full extent of reliance on LDIs by schemes only now beginning to…
[ad_1] Royal Mail revives speculation it could split up, saying ‘all options remain open’ including separation after huge loss By Calum Muirhead For The Daily Mail Published: 16:53 EDT, 14 October 2022 | Updated: 17:11 EDT, 14 October 2022 Royal Mail has unveiled plans to slash up to 10,000 jobs as it swung to a huge…