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London CNN  —  Royal Mail dates back to the Tudors. It has been operating a postal service in England since the reign of Henry VIII. Now this most British of institutions is on the brink of being sold to a Czech billionaire, Daniel Křetínský, raising fears about the fate of …

The proposed £3.5 billion takeover of Royal Mail by the Czech billionaire Daniel Kretinsky is the result of mismanagement by the directors of the group, according to the Communication Workers Union. CMU General Secretary Dave Ward told GB News: “Royal Mail is a UK institution, it is a critical part …

The image of the four royal mothers also dominates the front of Friday's Daily Mail. In other domestic news the tabloid leads with a report that … Source link

The prospect of government opposition to a proposed £3.5 billion acquisition of the Royal Mail’s parent company has receded after the business secretary welcomed contractual undertakings being negotiated as part of a Czech tycoon’s takeover. In a potentially politically significant moment for the deal, on Thursday Kemi Badenoch met Martin …

Kemi Badenoch last night warned the Royal Mail she will not allow it to be sold to a foreign buyer unless there are guarantees over the protection of vital services. Amid mounting fears over what the proposed £3.5 billion takeover by a Czech billionaire will mean, the Business Secretary held …

Royal Mail is set to fall into foreign hands for the first time in its 508-year history, writes Jessica Clark. In a move that sent shockwaves through London City and Westminster, the board of its parent company backed a £3.5bn takeover offer from a billionaire dubbed the ‘Czech Sphinx’. Yet …

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Czech billionaire Daniel Křetínský’s move to buy Royal Mail has received a tacit stamp of approval. Keith Williams, chair of owner IDS, said the board was “minded to recommend” a …

Our regular look at the FTSE 350 and a selection of other companies reporting from 20 – 24 May. NVIDIA pointing to further strong growth in first quarter. Marks & Spencer’s continued turnaround success expected. Interest rate cuts should ease headwinds at British Land National Grid hoping to deliver electrifying …

Royal Mail’s owner International Distribution Services (IDS) is “minded” to agree a takeover by shareholder Daniel Kretinsky, after the Czech billionaire put forward a bid worth about £3.5 billion. Ms Badenoch met IDS bosses for talks on the proposed sale and underlined the need to protect services for the vulnerable, …