By Dawood Fakhir (April 18, 2024, 7:41 PM BST) — The parent company of Britain’s national postal carrier Royal Mail has confirmed that it rejected an approximately £3.2 billion ($4 billion) “opportunistic” bid from a European conglomerate controlled by Czech billionaire Daniel Kretinsky…. Law360 is on it, so you are, …

While Chancellor Jeremy Hunt last night declined to comment directly on the takeover bid, he signalled that the Government would revisit how “former public sector monopolies” are regulated to safeguard the provision of vital services. However, the Labour Party has signalled it is open to Mr Křetínský’s approach. A spokesman …

Queen Elizabeth was a wise woman. And when she needed to take decisive action, she did. That is why she decided the Duke and Duchess of Sussex could not be allowed to combine royal duties with seeking their fortune overseas. And why she ignored Prince Harry’s efforts to persuade her …

More recently Royal Mail has become embroiled in a row after a Telegraph investigation revealed that China had flooded Britain with counterfeit stamps, landing victims with £5 penalties. Senior MPs have since called on the postal service to stop the “unfair fines” while it investigates issues with new barcoded stamps, …

News release issued: Thursday 18 April 2024 Residents who have opted to vote by post in the local elections on Thursday 2 May are now receiving their ballot papers. Postal voters who have not already had theirs, should look out for their envelope marked “ballot paper” in the post in …

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s Coventry Building Society has agreed to buy the Co-operative Bank for £780mn in a deal that would eventually return the private equity-owned lender to mutual ownership. The proposed …

Proactive Investors – Liberum has issued a ‘sell’ recommendation for International Distributions Services PLC, the parent company of Royal Mail (LON:), citing significant challenges to a potential takeover, with a target price set at 180p. The analysis highlights considerable obstacles, chiefly the UK’s National Security and Investment Act, which could …

Liberum has issued a 'sell' recommendation for International Distributions Services PLC (LSE:IDS), the parent company of Royal Mail, … Source link

News Billionaire asset-stripper Daniel Kretinsky made an offer to buy up Royal Mail’s parent company By Yuri Prasad Downloading PDF. Please wait… Thursday 18 April 2024 Issue 2901 Royal Mail workers on the picket line in Whitechapel, east London, during strikes in 2022 (Picture: Guy Smallman) The owners of Royal …

Former Royal Mail chairman Allan Leighton has said the Horizon scandal is "unbelievable" and "terrible". Mr Leighton apologised for "elements" of … Source link