Tag Archives: Companies

His ownership of significant stakes in Royal Mail and Sainsbury’s has forced him to be more open and, in his first British interview last year, he pledged to keep Royal Mail listed on the stock market, saying it was good if “every British citizen can invest in the shares”. Royal …

DS Smith (SMDS), Entain (ENT), car registrations, Future (FUTR), Ascential (ASCL), Motorpoint (MOTR) and Gooch & Housego (GHH) Packaging giants DS Smith (SMDS) and Mondi (MNDI) are still in merger talks, having reached an agreement in principle last month. The Panel on Takeovers and Mergers has extended the offer deadline from 5pm on 4 April …

Second-class deliveries under scrutiny Possible cost savings of £300mn Royal Mail has proposed halving second-class letter deliveries and slowing down business mail, in a bid to save £300mn a year. The UK courier, which is part of International Distributions Services (IDS), wants to deliver all non-first class letters every other weekday, …

Simon Thompson is set for a pay-off of up to £700,000 after quitting as the boss of Royal Mail in the wake of a tempestuous battle with union leaders. Mr Thompson will formally step down from the helm of Royal Mail in autumn, leaving the UK postal monopoly on the …

Press play to listen to this article LONDON — As Liz Truss gets down to work as Britain’s new prime minister, she faces an immediate problem. Half the British workforce appears to be going on strike. Across the country, rail workers, barristers, dockhands, bus drivers, garbage collectors, Amazon employees, and …

Royal Mail has apologised after soaring staff absences caused the postal service to miss targets for millions of letter deliveries. The formerly state-owned company said just 85.6pc of first class post was delivered on time during the last week of January, below its statutory target of 93pc.  Delivery times for …

Mr Thompson, who also previously worked for Apple and is on Coca-Cola’s digital advisory board, insisted that the cuts were a continuation of already agreed proposals with Unite and the Communication Workers Union to remove 1.2m working hours from the business. “Ourselves and our unions are totally sticking with our …

A spokesman said: “We are providing targeted support to the local offices affected by these issues and we apologise to customers for any inconvenience they may have experienced. “Our postmen and women are continuing to work incredibly hard, as they have done throughout the pandemic, and we are thankful for …

Vesa, for its part, has made some platitudes about how Sainsbury’s “strong brand” and well-located stores in the more prosperous south-east make it “an attractive long-term investment opportunity”. But it seems unlikely that the tycoon is happy to remain a passive shareholder, and he continues to play his cards close …

The Government has written down the value of the Post Office to zero after the state-owned chain was hit by the postmasters scandal. In its annual report, the Department for Business said the value of its holding in Post Office Ltd had plummeted from £145m to “nil” in the year …