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 …
Read More »Labour to ‘call in’ £3.6bn Royal Mail takeover
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 …
Read More »Post Office in turmoil as top lawyer Ben Foat steps back
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 …
Read More »Harland & Wolff boss John Wood quits in funding crisis
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 …
Read More »Record number of postal votes give Royal Mail an election bonus
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, …
Read More »Babcock shrugs off legacy Royal Navy contract losses as nuclear sales power profits
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 …
Read More »Royal Mail bidder pledges to maintain six-day letter delivery service
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 …
Read More »MPs hit back as Royal Mail axes all postal trains
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 …
Read More »Theme park landlord LondonMetric can pep up your funds: MIDAS SHARE TIPS
By Joanne Hart Updated: 17:31 EDT, 13 July 2024 Nemesis consistently ranks as one of the most exciting rollercoasters in the world – a highlight for anyone who enjoys hanging upside-down while hurtling through the air at 50 mph. Recently upgraded, Nemesis is a top attraction at Alton Towers, helping …
Read More »Royal Mail chairman Keith Williams is in the firing line, says ALEX BRUMMER
By Alex Brummer for the Daily Mail Updated: 17:00 EDT, 10 July 2024 Government is not all about grand gestures such as bulldozing planning laws and a National Wealth Fund to power up Britain’s investment in green technologies. Labour’s inheritance includes the debt crisis at Thames Water, unfinished work in …
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