Tag Archives: moneymarkets

Royal Mail chief set to step down within weeks as firm looks to resolve long-running industrial dispute By Calum Muirhead For The Daily Mail Published: 16:55 EDT, 9 May 2023 | Updated: 16:55 EDT, 9 May 2023 Simon Thompson’s departure from Royal Mail may be the only way to draw …

Babcock warns on £100m hit from Royal Navy frigate contract costs as inflation bites defence engineer In an update Babcock said it was seeking to claw back the extra costs involved The first ship, HMS Venturer, is expected to be completed in December this year  By Jane Denton For Thisismoney …

Matt Moulding has made no secret of his frustration since The Hut Group listed on the stock market in London three years ago – on one occasion saying the experience ‘just sucked from start to finish’. The beleaguered entrepreneur was at it again this week on social media, with another …

Royal Mail boss could be ‘let go quietly’ within months after delivery group strikes deal with unions By Calum Muirhead For The Daily Mail Published: 16:51 EDT, 17 April 2023 | Updated: 16:51 EDT, 17 April 2023 Royal Mail’s beleaguered boss could be gone within months after the delivery group …

Royal Mail directors in crisis talks as trades union leaders look set to call for fresh walkouts By Calum Muirhead For The Daily Mail Published: 16:52 EDT, 29 March 2023 | Updated: 16:52 EDT, 29 March 2023 Royal Mail bosses were locked in crisis talks yesterday as trades union leaders …

Will the Czech Sphinx launch a bid for Royal Mail? Tycoon ups his stake in parent group IDS but losses mount as disputes drag on By Calum Muirhead For The Daily Mail Published: 16:51 EDT, 27 March 2023 | Updated: 17:53 EDT, 27 March 2023 Royal Mail’s biggest shareholder has …

Pressure mounting on Royal Mail chief Simon Thompson after he is slammed by MPs and regulators By Calum Muirhead For The Daily Mail Published: 17:51 EDT, 16 March 2023 | Updated: 17:51 EDT, 16 March 2023 The future of Royal Mail boss Simon Thompson is in doubt after he was …

Boss of Royal London says peace has broken out between his firm and rival insurer LV after bitter falling out, though failed merger talks not being revived By John-Paul Ford Rojas, Financial Mail On Sunday Published: 16:53 EDT, 11 March 2023 | Updated: 16:53 EDT, 11 March 2023 Peace: Royal London …

Scrapping letter deliveries on Saturdays could save Royal Mail hundreds of millions of pounds a year as it battles to stem ballooning losses and modernise Group could see as much as £250m saved if deliveries cut to five days a week It potentially could slash company’s projected annual losses for …

Royal Mail strike action has cost business £200m as worker woes and cyber attack put boss Simon Thompson under mounting pressure Royal Mail owner IDS said 18 days of strike action had hit the group  Letter and parcel volumes down and a hefty annual loss is forecast By Jane Denton …