Post Office draws up plan to share profits with postmasters April 12, 2021 The Post Office is said to be considering plans that would enable postmasters to receive a share of the group’s profits. In a speech to senior executives last week, boss Nick Read said he wants ministers to approve a restructuring of the network that would create a “partnership of equals” by 2025. The plans would [...]
Vroom to Zoom: UK business travellers to cut flying after pandemic April 12, 2021 A majority of UK business travellers will fly less often when pandemic-related travel restrictions are lifted, a new survey from YouGov has found. As a result of the widespread adoption of videoconferencing technologies such as Zoom, 56 per cent of travellers said they would cut down on corporate travel. That’s the highest percentage of any [...]
Future of Stanlow oil refinery up in the air April 10, 2021 The future of the Stanlow oil refinery in Cheshire was up in the air last night after it emerged that it was in talks over its finances. The plant, which supplies about 16 per cent of the UK’s road fuel and employs around 900 people, is owned by Indian multinational Essar. Sky News first reported [...]
Law firm Irwin Mitchell gears up for London stock market float April 9, 2021 Irwin Mitchell is readying itself to float on the London Stock Exchange, in a move the law firm hopes would value it at around £500m. The firm, which offers legal and wealth management services, is working with investment bankers at Rothschild on plans for a potential IPO that could take place this year, Sky News [...]
Soho House takes first steps towards New York listing April 8, 2021 Soho House has taken the first step towards a New York stock market listing that would see the business valued at more than $3bn. The private members club has submitted a confidential filing for an initial public offering (IPO) in New York, Sky News first reported. The filing is the first formal step towards a [...]
Rail firms boost service levels ahead of next stage of lockdown lifting April 8, 2021 Rail firms are cranking up their service levels in the build up to the next stage in the UK’s lifting of lockdown restrictions on 12 April. By next week, when retail and leisure facilities reopen, train franchises will be running 18,000 services a day, according to industry body the Rail Delivery Group (RDG). That’s more [...]
Commercial struggles offer open skies to private jet operators April 7, 2021 The global collapse of aviation over the past year has for the most part been one long unrelenting nosedive, with the occasional moment of levelling out as much-needed respite. As in most crises, however, there are both winners and losers, and though the big commercial airlines clearly fall into the latter category, an unlikely group [...]
Pod Point hires Bank of America to help with float plan – report April 7, 2021 Electric vehicle charging firm Pod Point has reportedly brought on Bank of America to work on a potential stock market float. According to Sky News, the firm could go public at some point this year, with Bank of America working together with Barclays on the deal. Pod Point is majority owned by French energy giant [...]
Sky News boss: Covid has taught us to tell stories with data, we must do the same with climate change April 7, 2021 Reporting on the Covid-19 pandemic has been a wake-up call for those who argue the public do not crave the data behind a story. To stay informed, we have had no choice but to learn a new language of data and numbers. Projections from scientists now shape household conversations, people on the street can quote [...]
Nadhim Zahawi refuses to rule out vaccine passports for pubs later in the year April 6, 2021 The vaccines deployment minister has refused to rule out introducing Covid jab certifications for indoor pints later in the year, despite admitting they raise “difficult ethical problems”. Speaking on BBC Radio 4’s Today programme, Nadhim Zahawi insisted that there would be no vaccine passport requirements when pubs reopen their doors for outdoor service on Monday. [...]