It isn’t just pensions: Four reasons why Royal Mail shares have failed to deliver January 19, 2017 Royal Mail's shares fell over five per cent this morning despite delivering in-line trading for the first nine months of the year. The group's problem is that its core operation – delivering letters in the UK – is shrinking. Add to this pension problems and the potential for industrial action and as Rob Byde, an analyst at [...]
No Bregrets: May’s Brexit plan gets the thumbs up from the majority of voters January 19, 2017 The majority of Brits have backed Theresa May's plans for a bespoke Brexit deal outlined in a speech on Tuesday, according to the latest polling by YouGov. Some 55 per cent of the public think the planned deal, on which parliament will also get to vote, will be good for Britain, rising to 81 per cent [...]
These were the 10 most complained about advertisements of 2016 January 19, 2017 The Advertising Standards Authority (ASA) will today reveal Britain's most complained about advertisements of 2016. The contenders brought in thousands of angry accusations by displaying twerking businessmen and cat kicking as well as, of course, offending vegans. Although more than 70 per cent of complaints received by the ASA are about misleading adverts, all of the top spots were nabbed [...]
French aircraft engine maker Safran launches €8.5bn takeover of aircraft seat maker Zodiac Aerospace January 19, 2017 Safran has launched an agreed €8.5bn (£7.4bn) bid for aeroplane seat maker Zodiac Aerospace, creating the world's third-largest aerospace supplier by revenue. Philippe Petitcolin, Safran's chief executive said the acquisition represents "a unique opportunity" and said his company's industrial expertise will "accelerate the return to their historical levels of profitability in the seats and cabin activities". He [...]
Moneysupermarket.com reports 20 per cent revenue growth as it confirms Mark Lewis will replace Peter Plumb as boss January 19, 2017 Moneysupermarket.com said today that its expects to report revenue growth of 12 per cent when it announces its full year results on 28 February – and it has confirmed that Mark Lewis will replace Peter Plumb as chief executive. The figures The group said Moneysupermarket.com's revenue grew 19 per cent year-on-year in the three months [...]
Goldman Sachs is considering halving its London workforce January 19, 2017 Goldman Sachs is considering cutting the number of staff in London to 3,000 after Brexit, it has been reported – effectively halving its workforce in the UK. German newspaper Handelsblatt reported that the US banking giant is mulling moving 1,000 jobs to Frankfurt as part of the plans, while other key operations would move to New [...]
Lloyds Banking Group takes the top spot on Stonewall’s top 100 LGBT employers as banking and legal dominate the list January 19, 2017 Lloyds Banking Group has taken the top spot of Stonewall's top 100 LGBT employers list. Banking and legal dominated the list of the charity's most inclusive employers. Lloyds, which came second to MI5 last year, launched a new colleague volunteering programme and formed official partnership with lesbian, gay, bi and trans (LGBT) charities. Law firm [...]
Royal Mail shares tumble as post-Brexit business uncertainty takes a toll on UK letter volumes January 19, 2017 Royal Mail's share price fell nearly five per cent as letter volumes floundered, but it managed to maintain its forecasts for the year ahead due to a strong Christmas period and solid parcel revenue growth. The figures In a trading statement today, Royal Mail said group revenue was flat for the first nine months of the year, but it [...]
Legendary Entertainment’s chief executive has stepped down to be replaced with a Dalian Wanda insider January 19, 2017 Legendary Entertainment's chief executive Thomas Tull told Reuters today he would step down from the business. The Hollywood studio was bought at the start of last year by Chinese conglomerate Dalian Wanda for $3.5bn (£2.8bn), and now Wanda insider Jack Gao is set to take the top job. Legendary, which has brought films like Jurassic World, The Hangover and [...]
Who flies by private jet? A look at today’s typical customer January 19, 2017 Who flies private jet? Well, according to PrivateFly’s bookings, the average jet user is a 41-year-old male, who opts for a small “air taxi” jet from London to Paris. The private jet booking platform has unveiled the characteristics of the typical private jet frequenter, using data from users over the past 12 months. Read more: [...]