Category: Royal
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Royal Mail fined record £10.5m for late deliveries
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Royal Mail has been fined a record £10.5 million by the postal regulator after more than a quarter of first-class letters were delivered late. Ofcom said the company had failed to meet its obligations to deal with letters quickly enough, marking the second financial penalty it faces in just over…
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Royal Mail warns of £120 million cost increase due to National Insurance rise
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Royal Mail has warned it faces an additional £120 million in costs due to the upcoming increase in employers’ National Insurance contributions announced in the latest Budget. The loss-making Postal Service said the rise would disproportionately affect its operations due to its large workforce of about 130,000 employees. The company,…
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Royal jeweller cuts prices by 20% to counter impact of tourist tax
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Kiki McDonough, a favourite jewellery designer of Princess Diana, Kate Middleton and Queen Camilla, has cut the prices of her products by 20% in an attempt to offset the effects of the so-called “tourist tax”. This summer, McDonough offered the discount to American and Australian shoppers, aiming to soften the…
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Fears grow as Harland & Wolff nears administration, risking royal navy ship contract
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Harland & Wolff, the historic Belfast shipyard best known for building the Titanic, is on the verge of bankruptcy, putting a £1.6bn contract to build three Royal Navy warships at risk. The troubled shipbuilder, which is expected to file for administration as early as Monday, faces a cash shortfall by…
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The Royal Society of Canada Announces its 2024 Cohort of Fellows and College Members
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Article Content OTTAWA, Sept. 3, 2024 (GLOBE NEWSWIRE) — The Royal Society of Canada (RSC) and its members have elected this year’s new Fellows and named the next class of RSC faculty. One hundred and four new Fellows have been elected by their peers for their outstanding scholarly achievements. This…
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The Royal Society of Canada Announces its 2024 Cohort of Fellows and College Members
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Article Content OTTAWA, Sept. 3, 2024 (GLOBE NEWSWIRE) — The Royal Society of Canada (RSC) and its members have elected this year’s new Fellows and named the next class of RSC faculty. One hundred and four new Fellows have been elected by their peers for their outstanding scholarly achievements. This…
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Harland & Wolff bailout sparks concerns over future of Royal Navy warships
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The future of Harland & Wolff’s historic shipyard is in jeopardy after a $25 million emergency bailout, raising concerns that Royal Navy ships could soon be built overseas. The Belfast-based company, best known for building the Titanic, has scrapped plans to restart ferry services between Cornwall and the Isles of…
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Home prices in Canada to rise this year, Royal LePage says
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Breadcrumbs Path Links News Real estate Prices rose 1.9 percent in the second quarter even as the number of properties bought and sold fell. Published on July 13, 2024 • Last updated 2 hours ago • Read for 3 minutes You can save this article by registering for free here.…
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Home prices in Canada to rise this year, Royal LePage says
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Breadcrumbs Path Links News Real estate Prices rose 1.9 percent in the second quarter even as the number of properties bought and sold fell. Published on July 13, 2024 • Last updated 2 hours ago • Read for 3 minutes You can save this article by registering for free here.…
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Vast Dorset salt caverns to store hydrogen under former Royal Navy base
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Huge salt caverns designed to store hydrogen are to be dug under Britain’s largest former naval base, Portland Harbour in Dorset, as part of a strategic plan to boost the country’s energy security. The project involves creating 19 caverns, each the size of St Paul’s Cathedral, that will store enough…
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Czech Billionaire Plans £400m Overhaul for Royal Mail, Sparking Job Concerns
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Daniel Kretinski, the Czech billionaire preparing to take over Royal Mail, has unveiled a transformative vision for the company, which includes a £400m investment to create a network of drop boxes and delivery lockers across the UK. The move could significantly impact tens of thousands of postal delivery jobs and…
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Hunt Pledges to Safeguard Key Royal Mail Services Amid £3.6bn Takeover
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Chancellor Jeremy Hunt has urged regulators to closely examine Daniel Kretinsky’s proposed £3.6bn takeover of Royal Mail, amid concerns about the potential break-up of the iconic postal service. Hunt stressed the importance of extending the guarantees currently promised by Kretinsky beyond their initial periods. Speaking to LBC, Hunt highlighted the…
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Royal Mail, which lost $450m last year, bought by a Czech billionaire
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The owner of Britain’s Royal Mail said on Wednesday that it had accepted a takeover offer worth 3.6 billion pounds ($4.6 billion) from Czech investor Daniel Kretinski. Under the deal, Křetínský’s EP Group will buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share. Including debt,…
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Royal Mail, which lost $450m last year, bought by a Czech billionaire
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The owner of Britain’s Royal Mail said on Wednesday that it had accepted a takeover offer worth 3.6 billion pounds ($4.6 billion) from Czech investor Daniel Kretinski. Under the deal, Křetínský’s EP Group will buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share. Including debt,…
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Ofcom Investigates Royal Mail for Missing Delivery Targets
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Royal Mail is under investigation by Ofcom after failing to meet delivery targets, with less than three-quarters of first class mail delivered on time last year. According to Royal Mail’s parent company, International Distribution Services (IDS), only 74.5% of first class mail meets one business day delivery requirements. Ofcom regulations…
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Royal Caribbean to hire thousands to keep up with record cruise demand – report
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Solar737/iStock Editorial via Getty Images Royal Caribbean (New York Stock Exchange: RCLThe company is in talks with tourism boards and port operators around the world to hire thousands of people as it faces record demand for cruises, Reuters reported. The cruise operator plans to hire about 10,000 workers this year…