Elon Musk backs Disney activist investor; Virgin Atlantic expects 2024 return to profit – business live

Live, rolling coverage of business, economics and financial markets as Disney faces criticism over alleged leaking of shareholder vote resultsThe owner of Royal Mail has asked the industry regulator to be allowed to reduce second-class letters to just two or three days a week, cutting nearly 1,000 jobs and saving £300m a year in the process.International Distributions Services (IDS) has told Ofcom it hopes to pare back the six-day, Monday to Saturday second class service to “every other weekday”. Continue reading...

Apr 3, 2024 - 15:30
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Elon Musk backs Disney activist investor; Virgin Atlantic expects 2024 return to profit – business live

Live, rolling coverage of business, economics and financial markets as Disney faces criticism over alleged leaking of shareholder vote results

The owner of Royal Mail has asked the industry regulator to be allowed to reduce second-class letters to just two or three days a week, cutting nearly 1,000 jobs and saving £300m a year in the process.

International Distributions Services (IDS) has told Ofcom it hopes to pare back the six-day, Monday to Saturday second class service to “every other weekday”. Continue reading...

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