Business Secretary Peter Mandelson said the Communications Workers Union is dragging its feet over the introduction of new technology at Royal Mail Group Plc, preventing the company from modernizing and cutting costs.
As 1,100 managing directors from Barclays Capital descended on the Grosvenor House hotel near London’s Hyde Park in late September, they had more to celebrate than having successfully swallowed the North American unit of Lehman Brothers Holdings Inc. two years earlier. Their guy, Bob Diamond , the Massachusetts-born founder of Barclays Capital, had just been handed the top job at parent Barclays Plc in a sign of how he had transformed the 320-year-old British institution in his 14 years as investment bank chief, Bloomberg Markets magazine reports in its January issue.
In January 2010, four months before then Prime Minister Gordon Brown’s election defeat, Kraft Foods Group Inc.’s takeover of candy maker Cadbury Plc was used by the Conservative opposition to portray a government that was out of touch with the British people.
U.K. Prime Minister David Cameron is committed to the building of a high-speed rail line linking London to northern England, his spokesman said as evidence mounts that all-party support for the project is fracturing.
Ex-British Prime Minister Gordon Brown was “very badly served” by aides who held “unbridled contempt” for his predecessor Tony Blair, the London-based Times said, citing an interview with former Business Secretary Peter Mandelson.