Investors’ focus on Tuesday will be on the corporate space as US tech giant Alphabet and carmaker Tesla release their latest quarterly results. In the case of the former, the spotlight will be on the whether Google’s parent company’s results live up to the recent mania around artificial intelligence or …
Read More »Tuesday newspaper round-up: Royal Mail, private renters, Inmarsat
Long-running talks between Royal Mail and the Communication Workers Union are on the brink of collapse, with the company’s board thought to have threatened to put the loss-making postal service – the regulated UK entity that delivers to every address in the country – into a form of administration if …
Read More »Workers at IDS unit Royal Mail to vote amid pay, conditions dispute
(Alliance News) – Workers at International Distributions Services PLC’s Royal Mail will hold a series of meetings on Tuesday to vote on whether they have confidence in the company’s chief executive ahead of fresh strikes in a long-running dispute over pay, jobs and conditions. The Communication Workers Union is organising …
Read More »Britain’s Hut Group sees stronger 2021 as beauty products lift fourth quarter
The Hut Group had earlier predicted a 20% to 25% surge in its medium-term revenue before announcing last month that it would buy Dermstore, an online retailer owned by Target Corp, for $350 million to bolster the presence of its beauty brands in the U.S. market. The British retailer said …
Read More »Royal Mail to focus on pandemic-driven parcel growth as union dispute ends
Royal Mail and the Communication Workers Union (CWU) had been locked in a dispute over a 1.8 billion pound ($2.42 billion) restructuring plan, proposed by its former chief executive officer, Rico Back. The resistance led to Back resigning in May. “This agreement marks the end of our two year dispute …
Read More »Brexit tensions weigh on Europe, tech stocks slide
* UK ramps up no-deal preparations as EU trade talks stall * German exports rise in July but remain below pre-crisis levels * Technology leads sectoral declines, defensives rise * French electricity giant EDF sinks as output falls Sept 8 (Reuters) – European shares fell on Tuesday on fears that …
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