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Royal Mail
Royal Mail owner rejects £4.5bn takeover bid from Czech billionaire Křetínský
...A bid of 360p a share would be a “reasonable take-out price”, he added. EP said Royal Mail was in a “challenging situation”....
April 17, 2024
Houthi movement
The mysterious Iranian ship accused of lining up the next Houthi targets
...But a video posted on an Iranian army-linked Telegram channel last month, in English, described the vessel as a “floating armoury” and insisted it had a role in combating piracy....
March 9, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Angela Rayner
Police launch probe into claims Angela Rayner broke electoral law
...Dan Neidle, a tax expert, has estimated that Rayner could have been liable for a capital gains tax bill of £1,500 on the sale of the two-bedroom semi in 2015 for a profit of £48,500....
April 12, 2024
Royal Mail
Royal Mail proposes to halve second-class deliveries
...Tina McKenzie, Federation of Small Businesses policy chair, said that Royal Mail’s plan to retain a six-day-a-week service for first class letters was a “good step in the right direction”....
April 3, 2024
Middle East conflict
Iran seizes Israel-linked container vessel
...The ship is owned by Gortal Shipping, a finance company affiliated with Zodiac Maritime, a company controlled by Israel’s Ofer family....
April 13, 2024
Royal Mail
Heathrow executive recruited to lead Royal Mail turnaround effort
...“Royal Mail is a great British brand with a long and proud history,” she said. “Now is the time to ensure it has a successful future too.”...
April 2, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
News updates from April 3: Iger defeats Peltz in Disney proxy war; Eurozone inflation falls to 2.4%
Second-class deliveries would halve under Royal Mail proposals
...The ideas are suggested in the legacy mail delivery company’s submission to a review of its obligations being undertaken by Ofcom....
April 3, 2024
News in-depthRoyal Mail
Robot arms and the humble postie: how Royal Mail plans to deliver
...But he added: “This is a step in the right direction.”...
April 5, 2024
Shipping
Hedge fund takes on shipping magnates over oil tanker deal
...The transaction was meant as a solution to a deadlock between the two companies over control of Euronav....
April 11, 2024
Personal Finance
A mid-life inheritance: handling a painful windfall
...There’s not a project. There’s not a great difficulty to be resolved,” Peter says....
March 1, 2024
FT SeriesThe world’s best house museums
House museums #51: Frank Lloyd Wright’s home and studio
...Wright moved windows higher to create an “intimate space” around the table, says Holian, adding that dining tables became “almost a room within a room” in some of his designs....
January 20, 2024
Markets InsightWilliam Wright
The British Isa is a welcome step back to the future
...The aim is to provide a modest boost to demand for UK stocks with a small ask of those people who can most afford it....
March 14, 2024
Shipping
Somali pirates seize ship as global naval forces focus on Houthi threat
...Such groups consist of a hijacked dhow — a traditional ship in the region — which pirates use as a floating base for small attack boats....
March 12, 2024
Wincanton PLC
CMA CGM abandons bidding for UK logistics specialist Wincanton
...The abandonment of the bid is a setback for CMA CGM’s efforts to develop a stronger logistics function to complement its core shipping business....
March 5, 2024
ExplainerMaritime accidents and safety
The Baltimore bridge disaster: what happened and who will pay?
...The insurance sector is expecting a hefty bill....
March 27, 2024
FT Live
Africa Summit
Africa in a complex world
Tuesday, 29 OctoberLondon, UK
Mergers & Acquisitions
Yodel to be sold off in latest unwinding of Barclay family interests
...YDLGP was backed by a consortium including Solano Partners, an independent investment bank, and Shift, a UK logistics provider, Yodel said....
February 13, 2024
News updates from February 19: Navalny’s widow calls on Russians to ‘share her fury’; Houthis claim attack on British ship
Houthis claim ‘catastrophic’ attack on British ship
...The attack late on Sunday on the Rubymar, carrying cargo from the United Arab Emirates to Bulgaria, underlines the continuing threat from the Houthis despite a recent lull as a result of US and UK attacks...
February 19, 2024
Wincanton PLC
Bidding war for Wincanton drives up UK logistics group shares
...CGM offer — to issue a firm offer....
February 29, 2024
News in-depthMiddle East
Houthis blow open murky world of ship nationality
...When Yemen’s Houthi rebels attacked a ship carrying 21,000 tonnes of fertiliser from Saudi Arabia to Bulgaria last month, they had a simple justification: they said the Rubymar was a “British ship”....
March 5, 2024
News updates from March 26: Baltimore road bridge collapses; Trump’s social media business soars in market debut
Biden says federal government will rebuild collapsed Baltimore bridge
...Joe Biden has said the US federal government will rebuild a Baltimore bridge that collapsed into the Patapsco river in the early hours of Tuesday morning, sending people and cars tumbling into the water...
March 26, 2024
Maritime accidents and safety
Search suspended for missing people in Baltimore bridge collapse
...The US Coast Guard said on Tuesday evening that six construction workers who went missing after a container ship destroyed part of a Baltimore bridge are now believed to be dead....
March 27, 2024
Shamima Begum
Isis schoolgirl Shamima Begum loses bid to overturn removal of UK citizenship
...Among them was a claim that Begum, now 24 and living in Syria, would be de facto stateless....
February 23, 2024
Shipping
India’s navy frees ship hijacked by Somali pirates
...India’s navy has freed the crew of a hijacked ship that Somali pirates were preparing to use as a base for attacks on other vessels, in the most violent incident yet of a recent resurgence of pirate activity...
March 17, 2024
News updates from March 6: Nikki Haley ends White House run; NYCB to raise more than $1bn in deal lead by Steven Mnuchin’s firm
Three killed in Houthi attack on cargo ship off Yemeni coast
...The campaign of attacks by Yemen’s Houthis on commercial ships claimed its first fatalities on Wednesday when a strike on a Barbados-flagged dry bulk carrier in the Gulf of Aden left three seafarers dead...
March 6, 2024
Wallenius Wilhelmsen Logistics AS
Car-carrier line WW makes record profits on Chinese EV exports
...The diversion adds about a week to Asia to Europe journey times....
February 14, 2024

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