Royal Mail could be forced into bankruptcy by its £4.25bn pensions deficit,
the company has warned.
Adam Crozier, chief executive of Royal Mail, said: ‘Royal Mail must get a
realistic price control from the regulator in order to invest in the company and
tackle the pension fund deficit’.
The news came after the company announced a 20.5% increase in operating
profits in the six months to September 2005.
Better financial performance from the company’s parcel delivery divisions
contributed to an operating profit of £159m, but the volume of letters declined,
as did profits for the division.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.