115,000 posties start Christmas strike today as union boss warns of festive ‘meltdown’ December 9, 2022 More than 100,000 postal workers have begun their Christmas strikes over pay, as the industry’s union boss said Royal Mail is risking a “Christmas meltdown”. Walkouts by posties in the CWU union started this morning, after rejecting Royal Mail’s “final and best” pay offer of a nine per cent rise over two years. The union [...]
FTSE 100 knocked by BP and Shell tumbling as oil prices slump December 7, 2022 London’s FTSE 100 was dragged down today by BP and Shell sinking on oil prices taking a tumble. The capital’s premier index fell 0.43 per cent to 7,489.19 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.89 per cent to 18,930.57 points. Oil [...]
Moonpig customers purchasing cheaper gifts and ‘hesitating’ due to Royal Mail strikes December 7, 2022 Shoppers hunting for birthday and anniversary presents are forking out for cheaper options and hesitating to send cards due to postie walk-outs, Moonpig’s boss has said. Ongoing disruption from Royal Mail strike days was “clearly not helpful” to the greetings cards business, CEO Nickyl Raithatha told CityA.M., as customers expected deliveries on specific days. Customers [...]
London markets kick off new week in mixed style as BP and Shell jump July 4, 2022 London markets kicked off a new trading week in mixed fashion today, with the FTSE 100 led higher by oil and gas giants. The capital’s premier FTSE 100 index jumped 0.89 per cent to 7,232.65 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped [...]
Moonpig sales fall after lockdowns but card biz remains confident in gift market June 29, 2022 Moonpig has posted plummeting sales as shoppers started buying gifts and greetings cards elsewhere once bricks-and-mortar shops reopened once more over the past year. In full year results to 30 April 2022, the firm admitted its group revenue had tumbled 17.3 per cent year-on-year, standing at £304.3m versus £368.2m in 2021. The online retailer pointed [...]
Week ahead: City eyes housing stats and BoE governor Bailey remarks June 26, 2022 The UK’s red hot housing market is set to revert to more normal territory driven by the cost of living crunch chilling demand for homes, fresh data released this week that will be closely watched by the City. London’s premier FTSE 100 index has rebounded after suffering bruising losses of late caused by investors around [...]
Hertfordshire prison says all incoming mail must be sent through Moonpig, Funkypigeon and Freeprints June 7, 2022 Inmates at a Hertfordshire prison will only be able to receive mail from Funky Pigeon, Moon Pig and Freeprints due to drug safety concerns. In announcement posted on Twitter, the letter from HMP The Mount’s governor Paul Crossey said the move was taken because it has “become increasingly concerned with the threat presented by psychoactive [...]
Strong B&Q earnings rebuild investors’ risk appetite to kick off week May 23, 2022 Investors picked up their risk appetite again during the opening trading day of the week as B&Q owner Kingfisher helped mend market sentiment. London’s premier FTSE 100 index jumped 1.67 per cent to 7,513.44 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, climbed 1.56 [...]
Congratulations: Moonpig to snap up gifting group Buyagift in £124m deal May 23, 2022 Greeting card giant Moonpig Group has announced the proposed acquisition of Buyagift, the gift experiences platform, for £124m.
Bringing retail investors into the fold creates equality of opportunity from our wealth May 3, 2022 In the 1980s, one of the UK’s most high-profile flotations was the privatisation of the state-owned British Gas. The government’s “Tell Sid” 1986 advertising campaign attracted many of its 500,000-strong army of private investors. During the countdown to the British Gas shares sale, the government courted subscriptions from retail investors in every way imaginable – [...]