Culture Secretary makes new intervention in Abu Dhabi-backed Telegraph takeover January 27, 2024 Lucy Frazer has issued a new public interest intervention notice (PIIN) and extended the deadline for Ofcom and the Competition and Markets Authority (CMA) to hand over the findings of their probes into the acquisition.
Competition watchdog launches formal probe of Vodafone and Three tie-up January 26, 2024 The Competition and Markets Authority (CMA) has launched a formal investigation into the merger of Vodafone and Three. Back last June, Vodafone and CK Hutchinson, owner of Three, announced their long-awaited UK £15bn merger. The deal would combine the companies’ telecommunications operations under one single network provider. The CMA today has started its Phase 1 [...]
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.