Oct 3, 2017

Opening Quote: Taxi for Uber’s UK boss! Royal Mail; Ryanair vs Monarch

Royal Mail is also braced for news of a potentially damaging dispute a little later today. Some time around 4.30pm, the Communication Workers' Union will communicate the result of a ballot for industrial action - which could result in the first nationwide strikes at Royal Mail since privatisation four years ago. In the UK, Ferguson said its transformation was "Continuing", but trading profit was only "Stable in difficult markets". Finally, why budget airline Monarch collapsed, part 94: rival Ryanair has just reported a 10 per cent rise in passenger numbers in September - despite cancelling thousands of flights. The fate of the two companies' pension schemes is where BHS and Monarch differ.

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