Could chopping again on submit make Royal Mail higher? LUNCH MONEY
Royal Mail may minimize letter deliveries to 5 or as little as three days every week, underneath proposals outlined by Ofcom.
The watchdog’s report was seen as a blow for households and small companies however clearly cheered traders, because the group’s shares jumped.
Cutting again is very controversial however will we nonetheless want every day submit – and will 5 or three day-a-week deliveries actually make the service higher?
On this episode of Lunch Money, Helen Crane and Simon Lambert, of This is Money, have a look at what Ofcom mentioned and the way it may impression customers.
Meanwhile, Victoria Scholar, of interactive investor, explains why that is seen pretty much as good for traders and the place mother or father group International Distribution Services makes its cash.
Across the Atlantic, members of the inventory market-dominating Magnificent Seven have been releasing outcomes. Netflix smashed expectations however Tesla has revealed a giant drop in income.
And lastly, we now have the most recent spherical of financial institution switching figures out – Lunch Money seems at which banks are prime of the pops and who’s dropping present account prospects.
