By Alex Brummer for the Daily Mail Updated: 16:50 EDT, 2 August 2024 Scrutiny: Czech billionaire Daniel Kretinsky Keir Starmer is not known for loose language. So it was fascinating to hear him cautioning against ‘flogging off’ vital assets when unveiling plans to make Britain a green energy powerhouse. The Prime …
Read More »Delivery giant Evri planning to hire 9,000 new staff
By City & Finance Reporter Updated: 16:50 EDT, 28 July 2024 Delivery giant Evri is planning to hire 9,000 new staff just days after announcing new private equity owners. The British parcel company wants to expand its team of couriers and warehouse staff amid ballooning demand for its services. It …
Read More »Investors threaten Daniel Kretinsky’s bid for Royal Mail
Offer may undervalue service if changes to Universal Service Obligation made This guarantees deliveries made six days a week across UK at a fixed price Removing Monday-to-Saturday obligation could generate extra £300m By Alex Brummer Updated: 16:51 EDT, 27 July 2024 Big City investors speaking for more than a fifth …
Read More »MARKET REPORT: Centrica shares tumble as energy prices cool
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 …
Read More »Watchdog uses new powers to protect cash – here’s what it’s making banks do
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 …
Read More »London IPO for Canal+ a ‘big loss’ for Macron, says MAGGIE PAGANO
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, …
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