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Rail, mail and the public sector on strike this week

Mon, 16th May 2016 10:45

(ShareCast News) - Rail, mail and the public sector are set to be affected by strike action this week, with three separate strikes planned.Members of the Rail, Maritime and Transport Union will walk out from Southern Railway for 24 hours on Wednesday in a dispute over driver-only trains, and the role of conductors.The strike had been set down for Friday, but was switched to Wednesday by the RMT after what it called "threatening and abusive" behaviour by the operator, Govia Thameslink Railway, after it set a deadline of 20 May for staff to agree to the planned changed role of onboard guards."This is clearly a cynical ploy by RMT leadership to maximise the disruption their action will have on passengers," said a Southern Railway spokesman."We totally refute the RMT's groundless allegations."At Royal Mail, 4,800 managers are set for industrial action as the long-running pay dispute continues.The Unite union has warned of disruptions to postal deliveries as the managers begin an overtime ban from Wednesday, adding to the work-to-rule that was implemented on 4 May.And finally, members of the Public and Commercial Services Union will strike on Thursday after voting to take action over the Department for Business' plan to close its Sheffield office and move jobs to London.Almost 96% of 150 affected PCS members elected to walk out on a 53% turnout, with the union not ruling out further strike action.
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(Alliance News) - Money transfers provider Wise on Monday said the UK regulator is investigating its chief executive after a tax breach.

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RBC Capital Markets lowers Go-Ahead to 'sector perform', raises target price

(Sharecast News) - Analysts at RBC Capital Markets lowered their target price on public transport operator Go-Ahead Group from 'outperform' to 'sector perform' on Monday, stating the risk/reward scenario for the stock now looked more balanced.

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23 Jun 2022 09:42

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LONDON MARKET CLOSE: US Fed likely to mull 75 basis-point rate hike

(Alliance News) - Stocks in London ended lower on Tuesday with investors seemingly cautious as the US Federal Reserve's policy meeting gets underway as concerns arise that interest rates will be raised aggressively this year in a bid to rein in inflation.

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14 Jun 2022 12:02

LONDON MARKET MIDDAY: Rebound stumbles as US Fed hike jitters grow

(Alliance News) - Tuesday's dead cat bounce didn't live past the morning in Europe, with the FTSE 100 back in the red at midday as investors fret over an upcoming US interest rate decision.

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14 Jun 2022 11:03

SMALL-CAP WINNERS & LOSERS: Go-Ahead rises as bidding war emerges

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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14 Jun 2022 10:25

TOP NEWS: Australia's Kelsian still wants to bid for UK peer Go-Ahead

(Alliance News) - Kelsian Group Ltd on Tuesday urged the shareholders of Go-Ahead Group PLC to take no action on a rival takeover offer, saying it is in talks with Go-Ahead for a cash bid of its own.

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14 Jun 2022 07:11

Go-Ahead agrees £648m takeover by Kinetic, Globalvia

(Sharecast News) - Transport operator Go-Ahead has accepted a £647.7m takeover offer from Australian bus firm Kinetic and Spanish infrastructure investor Globalvia Inversiones, but a takeover battle could emerge after Kelsian said it was still interested.

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13 Jun 2022 18:17

UPDATE: Go-Ahead chooses GBP648 million bid from Kinetic consortium

(Alliance News) - Go-Ahead Group PLC late Monday announced its agreement to a takeover offer from Gerrard Investment Bidco Ltd, a subsidiary of a consortium consisting of Kinetic Holding Co Pty Ltd and Globalvia Inversiones SAU.

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LONDON MARKET CLOSE: China lockdown and inflation fears sink stocks

(Alliance News) - Stocks in London ended sharply lower on Monday on fears of a more aggressive campaign of Federal Reserve interest rate hikes which has given rise to concerns the US economy could be sent into recession next year.

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13 Jun 2022 12:01

LONDON MARKET MIDDAY: UK GDP shrinkage fuels growth fears ahead of BoE

(Alliance News) - A worrying reading on the UK economy on Monday compounded market concerns over inflation and aggressive interest rate tightening, as a central bank-heavy week gets underway.

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13 Jun 2022 11:14

SMALL-CAP WINNERS & LOSERS: Go-Ahead bid interest; ProCook falls more

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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13 Jun 2022 11:01

TOP NEWS SUMMARY: Yen hits 24-year low ahead of central bank decisions

(Alliance News) - The following is a summary of top news stories Monday.

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