But Mr Brown said: “We are operating a service that the Government wants us to operate to allow key workers to get to places … and keep industry going. And we are being paid a management fee for running that contract. “If you were talking to [waste management company] Veolia …
Read More »Royal Mail and Amazon battle for £550m home testing contract
Royal Mail and Amazon are scrambling to seize control of Boris Johnson’s “Operation Moonshot” programme to deliver 215,000 home testing kits a day. The duo are this weekend finalising rival bids to win a £550m, one-year contract from the taxpayer to spearhead home testing as part of NHS Test and …
Read More »The well-connected companies who’ve made a mint thanks to the pandemic — DHT UK News
In the UK, government contracts worth millions of pounds have been awarded to companies without competitive bidding during the pandemic. Close scrutiny reveals many of the firms have close links to leading figures in Whitehall. The Covid-19 pandemic has meant a miserable year for businesses of every size in every …
Read More »Wind of change blowing through Royal Mail as top investor gives stamp of approval for shake-up
Italy provides a more recent example. Despite being privatised after Royal Mail, in 2014, the business has flourished. Parcels are now delivered seven days a week. Since being floated it has overtaken, rather than fallen behind, its rivals. Royal Mail, meanwhile, is looking to shorten its current six-day delivery schedule when …
Read More »Royal Mail eyes PM’s £800m home Covid tests contract
The Government’s testing regime has come under pressure in recent weeks amid reports testing centres have been overwhelmed by demand. Mr Williams said: “[Moonshot] is an opportunity for Royal Mail to show what we can do after the rapid change of the postal market in 2020. “We have challenges, but …
Read More »Royal Mail in new pensions row
Royal Mail has been accused of flouting pensions equality standards, as the embattled postal service prepares to face investors next week without a permanent chief executive. Institutional Shareholder Services, the shareholder advice group, has raised concerns about top bosses getting higher pension contributions than new postal workers on the ground. Under …
Read More »The corporate rebrands that missed the mark
And in 2018 boss Guru Gowrappan announced that Oath would be no more; Verizon’s collective media outlets would be called the Verizon Media Group from 2019. Google to Alphabet Google became the largest subsidiary in a new holding company called Alphabet in 2015 as part of a restructuring at the tech giant. The …
Read More »Royal Mail faces a bleak future unless union deadlock is broken
The folk at Royal Mail must wince whenever Rico Back makes a delivery. There’s only ever bad news in the chief executive’s postbag. The latest warning is that a three-year turnaround plan is in danger of being blown off course. What’s more, the UK arm of the business is expected to …
Read More »Royal Mail does not have long to deliver real change
As the increasing dominance of passive investing demonstrates, share tipping is a mostly a mug’s game. Just ask the former Labour MP Adrian Bailey, who as chairman of the business select committee in 2014 published a scathing report on the privatisation of Royal Mail. According to Bailey and his colleagues, …
Read More »Bets against Britain pay off as profits surge at Odey’s hedge fund
Hedge fund tycoon Crispin Odey’s wager against the pound has paid off as profits at the Boris Johnson donor’s investment firm soar. Profits at Odey Asset Management rose 81pc to £16m for the year to April 2019, according to accounts seen by The Telegraph. Mr Odey is believed to have taken £3.8m …
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