By Jessica Clark Updated: 17:00 EDT, 10 July 2024 Labour ministers will hold urgent talks with water bosses today as they gear up for a regulatory ruling on their finances. Executives from Thames Water, South East Water and Severn Trent are among those who have been summoned to meet Environment …
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Direct Line plans to pay 60% of its operating earnings as a regular dividend By Jane Denton Updated: 03:49 EDT, 10 July 2024 Direct Line Group is planning to pay out roughly 60 per cent of its operating profits as regular dividends, as its new boss works to revive the …
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By Alex Brummer for the Daily Mail Updated: 17:00 EDT, 9 July 2024 The ‘critical risk’ to Britain resulting from the desperate finances of Thames Water may appear to have little to do with Royal Mail. The Labour administration, which is selling itself as a bastion of stability, needs to …
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By Alex Brummer for the Daily Mail Updated: 17:01 EDT, 8 July 2024 As a former Bank of England insider, it should come as no surprise that Rachel Reeves held her first meeting with Andrew Bailey while the embers of the election campaign were still burning. The new Chancellor has …
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By Alex Brummer for the Daily Mail Updated: 16:50 EDT, 5 July 2024 Pointing the way: New PM Keir Starmer The scale of Labour’s win gives Keir Starmer’s government the muscle it needs to fulfil its growth mission. Unlike 1997 when Tony Blair swept to power on a great wave …
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The private equity bandwagon in Britain keeps rolling. Latest to be imperilled is gaming group Keywords Studios, creator of Fortnite and League of Legends, which is being bought by Swedish buyout firm EQT for £2.2billion. The highly leveraged deal for Royal Mail owner International Distribution Services is, to all intents …
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Among the first industrial tests facing an incoming Labour administration is what to do about the Royal Mail. The owner of Britain’s postal system, International Distributions Services (IDS) is proposing to sell a vital part of UK infrastructure to Czech billionaire Daniel Kretinsky and a controversial Slovakian finance group, supported …
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By City & Finance Reporter Updated: 21:50, 30 June 2024 Making history: At his coronation King Charles wore the robe made for George VI Profits at the King’s gown maker have slumped by more than 50 per cent as the post-Covid boom fades. Ede & Ravenscroft reported profits of £1.5m …
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By City & Finance Reporter Updated: 16:50 EDT, 30 June 2024 Making history: At his coronation King Charles wore the robe made for George VI Profits at the King’s gown maker have slumped by more than 50 per cent as the post-Covid boom fades. Ede & Ravenscroft reported profits of …
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By City & Finance Reporter Updated: 16:50 EDT, 30 June 2024 Moving on: Sebastian James The US owner of Boots is looking for a new chief executive after its boss stood down to run one of Europe’s largest eye clinics. Sebastian James – an Old Etonian and contemporary of Boris Johnson …
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