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Tag Archives: moneymarkets

LV and Royal London bury hatchet but won’t merge

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 …

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Axing Saturday post would cut Royal Mail loss

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 …

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Royal Mail strike action has cost business £200m

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 …

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Households pay tab for £50bn of posties’ pensions

Households pay tab for £50bn of posties’ pensions: Liabilities were stealthily dumped on state when Royal Mail was privatised a decade ago By Patrick Tooher, Financial Mail On Sunday Published: 16:51 EST, 21 January 2023 | Updated: 16:51 EST, 21 January 2023 Hefty: Royal Mail pension liabilities Taxpayers are on …

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Royal Mail investors to meet union bosses

Royal Mail investors to meet union bosses: Attempts to negotiate end to bitter industrial dispute that has paralysed business By Calum Muirhead For The Daily Mail Published: 16:55 EST, 20 January 2023 | Updated: 16:55 EST, 20 January 2023 Royal Mail investors will meet with trade union bosses next week …

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Jacob Rees-Mogg takes a hit as profits plunge at Somerset

Jacob Rees-Mogg takes a hit as profits plunge at Somerset: Investment firm suffers from downturn in global markets By Daily Mail City & Finance Reporter Published: 16:50 EST, 8 January 2023 | Updated: 16:50 EST, 8 January 2023 Slump: Somerset Capital was co-founded by Jacob Rees-Mogg in 2007 Jacob Rees-Mogg’s …

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