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...European banks must brace themselves for rising insolvencies, greater geopolitical risks and upheaval in energy-intensive industries, the eurozone’s new chief banking supervisor has warned....
...EP said Royal Mail was in a “challenging situation”....
...Alex Irving, logistics industry analyst at Bernstein, said InPost, which unlike Royal Mail is profitable, was opening new locations “all the time”....
...Daily Mail and General Trust had been in talks with a Qatari investment group over it taking a minority stake in the owner of the Daily Telegraph as part of the bid....
...Under its proposals, Royal Mail would be obliged to deliver only first-class letters six days a week....
...EP Group’s offer for the Royal Mail comes at a challenging time for the UK mail service, with questions raised around its future and the outlook for its much more highly-valued parcel shipping business....
...Unlike at Royal Mail, these other earnings have helped Poste Italiane cope with the burden of last-mile deliveries. andrew.whiffin@ft.com...
...And now, it looks like Royal Mail is the latest to fit the bill....
...The figure is broadly in line with the operating loss that analysts expect at Royal Mail in the 12 months to March this year....
...The ideas are suggested in the legacy mail delivery company’s submission to a review of its obligations being undertaken by Ofcom....
...In an interview last summer, she told the FT that supervisors needed to adapt a more “critical mindset”, echoing criticisms by the EU’s external auditor, which warned supervisors were too lax....
...The owner of Royal Mail has appointed Heathrow airport’s chief operating officer to run the UK’s legacy mail-delivery company, after nine months of seeking to fill the post....
...Czech billionaire Daniel Křetínský is preparing a takeover bid for Royal Mail owner International Distributions Services, according to people familiar with the matter....
...However, Royal Mail has lost market share since 2013 after Amazon diverted to its own logistics arm parcels that it previously sent via Royal Mail....
...to 3 days a week, says Ofcom How much is Royal Mail reducing delivery by?...
...cuts outlined for Royal Mail”, Report, January 25)....
...“The UK business of the Royal Mail [ . . .] has not performed well in living memory,” said Alexander Paterson, analyst at Peel Hunt....
...He pointed to accelerating efforts to modernise the mail network after Royal Mail settled its dispute with the union....
...Law enforcement agencies including the FBI and the UK’s National Crime Agency have dealt a crippling blow to LockBit, one of the world’s most prolific cyber crime gangs, whose victims include Royal Mail...
...Royal Mail could cut postal deliveries to as few as three days a week, as the UK’s communications regulator sets out options to cut costs at the struggling postal service....
...Losses at the owner of Royal Mail have deepened as the UK postal service continues to suffer from the impact of a disruptive dispute with postal workers....
From His Excellency Dr Abdullah bin Abdulaziz Al Rabeeah, Supervisor General, King Salman Humanitarian Aid and Relief Centre, Riyadh, Kingdom of Saudi Arabia
...He said supervisors “need to put a lot of attention on these type of dynamics” in particular by scrutinising “the funding and liquidity risk of banks much more than we have done in the past”....
...Royal Mail wrestles with a difficult future (Observer) — Saving Bidenomics (Boston Review) — Why America hates its children (Business Insider) — The dubious economics of deep-sea mining (Nautilus) —...
...John D VarlaroChepachet, RI, US...
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