‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
John Lewis points to job cuts as it lowers redundancy pay for staff January 26, 2024 John Lewis Partnership could be on track to make further job cuts after it slashed redundancy payout for its staff. Workers were reportedly told this week the redundancy pay would be lowered to one week’s pay per year on service, as its current two week policy was higher than what is typically offered. In a [...]
Mark Kleinman: Post Office needs new leaders to deliver real change January 25, 2024 Mark Kleinman is Sky News' City Editor and writes a weekly column for City A.M. This week, he tackles the Post Office, succession at Lloyd's and the six-days-a-week Royal Mail obligation
Media secretary ‘minded to’ open second probe into Telegraph sale January 24, 2024 Media secretary Lucy Frazer has said she is "minded to" to open a new investigation into the proposed £600m sale of the Telegraph.
Royal Mail: Analysts and businesses warn delivery cuts no panacea to firm’s woes January 24, 2024 Losing daily Royal Mail deliveries could risk “real disruption” to the nation’s finances, MPs and business lobbyists have warned.
Watchdog: ‘Unsustainable’ Royal Mail could be allowed to deliver post on only three days of the week January 24, 2024 The communications watchdog has called for modernisation of the Royal Mail and postal service for the modern age – with proposals including a slower first-class service and reducing the number of delivery days from six to three. Ofcom this morning called for a “national debate” on the future of the UK’s postal service. Following the [...]
Mark Kleinman: Post Office needs new leaders to deliver January 24, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
BBC could ‘crush’ local news warns trade body amid ‘misguided’ Ofcom review January 22, 2024 The BBC could cause serious harm to local news publishers who cannot compete with the broadcaster, the News Media Association has warned.
Royal Mail chief warns network ‘not sustainable’ and ‘urgent action’ needed to save it January 18, 2024 The chief of embattled Royal Mail has called for "urgent action" as the postal service braces against inflation and dwindling letter volumes.
Could Elon Musk fix Britain’s rural connection gaps? BT is mulling a deal with Starlink January 15, 2024 BT is in talks with Starlink, Elon Musk's internet satellite 'constellation', as it tries to plug connectivity gaps in remote areas.
John Lewis brings back former fashion boss in bid to turn fortunes around January 12, 2024 John Lewis is bringing back its former director Peter Ruis to lead the department chain, in its latest efforts to turnaround the business. Ruis will return to the ailing retailer as executive director after a near decade long hiatus. The high street heavyweight has had senior level stints at some of the world’s most recognised [...]