Compensation launched for first Post Office software victims
7th Dec 2022 12:50
(Sharecast News) - A long fought-for compensation scheme for subpostmasters affected by the Post Office accounting software scandal was announced on Wednesday,
Read moreRoyal Mail warned to stop blaming Covid for late deliveries
2nd Dec 2022 10:53
(Sharecast News) - British letter and parcel carrier Royal Mail has told to stop blaming the Covid pandemic for late deliveries after missing performance targets.
Read moreRoyal Mail makes 'best and final offer' to striking workers
23rd Nov 2022 13:18
(Sharecast News) - Royal Mail's "best and final offer" to striking workers was rejected on Wednesday afternoon, with hundreds of thousands of postal workers set to walk out on Thursday and Friday.
Read moreBerenberg lowers target price on International Distributions Services
18th Nov 2022 10:08
(Sharecast News) - Analysts at Berenberg lowered their target price on postal service operator International Distributions Services from 480.0p to 370.0p on Friday but said the company's recent first-half results offered "limited" comfort to shareholders.
Read moreRoyal Mail workers to strike on Christmas Eve
18th Nov 2022 07:29
(Sharecast News) - Royal Mail workers are to extend industrial action to include Christmas Eve, it emerged on Friday, the latest salvo in a long-running dispute over jobs, condition and pay.
Read moreRoyal Mail parent swings to H1 loss on weak parcel volumes, pay dispute
17th Nov 2022 07:09
(Sharecast News) - Royal Mail owner International Distributions Systems swung to a half-year loss, blaming weak parcel volumes and strikes at the UK postal carrier, and also axed its interim dividend.
Read moreSunday newspaper round-up: Business rates, Morrisons, Royal Mail
13th Nov 2022 19:22
(Sharecast News) - The Chancellor will most likely not include business rates relief in his autumn statement this week. Insiders in the government have signalled that Jeremy Hunt will not give into calls to delay the uprating of business rates nor to extend relief from the tax. They are set to rise in line with consumer prices which as of September had jumped by 10.1% year-on-year. Business rates are also expected to be revalued in order to reflect changes in the rental market. According to the Confederation of British Industry, that could saddle the retail sector with increases of as much as 25% over the next two years. - The Sunday Times
Read moreRoyal Mail tables new pay offer in bid to end strikes
31st Oct 2022 15:23
(Sharecast News) - Royal Mail has proposed a new offer aimed at resolving a dispute over pay and conditions, company officials said on Monday.
Read moreBusiness secretary clears VESA's possible higher stake in Royal Mail parent IDS
31st Oct 2022 10:46
(Sharecast News) - Royal Mail parent company International Distribution Services confirmed on Monday that the business secretary was taking no action over shareholder VESA Equity Investment's possible increase in its stake.
Read moreRoyal Mail to axe 6,000 jobs as it warns of annual loss
14th Oct 2022 07:31
(Sharecast News) - Royal Mail upped the stakes in its pay dispute with postal workers on Friday, threatening to fire 6,000 workers as part of a wider plan to cut 10,000 jobs by the end of next August, while blaming financial losses on strikes and lower parcel volumes.
Read moreIdeal Shopping agrees on cash offer
20th Apr 2011 14:23
TV shopping channel Ideal Shopping's management is teaming up with the private equity group Inflexion to buy the company. Ideal announced last year that it was reviewing its strategic options. It said today that its independent directors have agreed a sale worth 220p a share with 'Bidco', a vehicle
Read moreLondon close: Lower close as rally falters
15th Sep 2010 16:35
Footsie closed a few points in the red Wednesday as a rally brought about by an improvement on Wall Street lost momentum. The US had a weak start following poorly-received manufacturing figures but sentiment recovered as trading progressed. Here, BP was lower in line with weaker oil prices, with t
Read moreLondon afternoon: Retailers provide some cheer
15th Sep 2010 14:29
Resource stocks remain a weight around Footsie's neck and have been joined over the lunch time session by banks, which are lower as the market ponders the implications of the Basel III banking guidelines. BP is lower in line with weaker oil prices, with the oil giant suffering more than its peers
Read moreLondon midday: Footsie hobbled by resource stocks
15th Sep 2010 11:58
Resource stocks are dragging London lower despite a good showing by retailers. Lower commodity prices are largely responsible for the sell off of commodity stocks, though legal battles also hover over a couple of stocks. BP is lower in line with weaker oil prices, with the oil giant suffering more
Read moreLondon open: Gentle upward progress
15th Sep 2010 09:00
London has made modest progress in early dealings with Next providing a fillip to retailers after half year results. Over here, Next did pretty much as expected in the six months to July given that the clothes retailer's last update was only a month ago, but the high street remains a "testing" plac
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