The Government is to sell its remaining 30% share in the Royal Mail (LSE: RMG.L – news) , currently worth around £1.5bn, George Osborne has announced. The Chancellor said he would begin offloading the stake within months, and the money would be used to cut the deficit. Heralding the sell-off …

Royal Mail warns Czech takeover risks sparking debt crunch. There are concerns that Daniel Kretinsky's takeover will put IDS's balance sheet under … Source link

LJUBLJANA, Slovenia (AP) — The main opposition party in Slovenia on Monday filed a motion demanding a referendum on the government decision to recognize a Palestinian state, which could delay the formal recognition vote in parliament. Slovenia’s government last week endorsed a motion to recognize a Palestinian state and sent …

There are concerns that Daniel Kretinsky’s takeover will put IDS’s balance sheet under serious strain – David W Cerny/REUTERS Royal Mail has said its sale to the Czech billionaire Daniel Kretinsky risks triggering a financial squeeze, raising fresh fears about the potential threat to the postal service from his debt-fuelled …

1 hour ago Kirsty Campbell,BBC Naidheachdan Declan Friel Declan Friel hopes to exhibit his photographs in the future A postman has been photographing the sights and scenery on his rounds in the west Highlands. Declan Friel moved to Lochalsh from Glasgow last year and works in the Elgol area of …

A smiling Prince Andrew has been seen horse riding around Windsor Castle amidst reports King Charles had ‘threatened to sever all ties’ with him unless he leaves the Royal Lodge for his new home in Frogmore Cottage.  The disgraced duke, who no longer has official royal duties after being forced to …

By Alex Brummer for the Daily Mail Updated: 17:01 EDT, 3 June 2024 Of all the takeover battles on the table at present, there is none more significant to Britain than the proposed £3.6billion sell-off of International Distribution Services, the owner of the Royal Mail, to Czech billionaire Daniel Kretinsky. …

The announcement by the Palace last week that the Princess of Wales will not be present for the traditional rehearsal of Trooping the Colour was not a particular surprise.  As much as I am sure she treasures her role as Colonel-in-Chief of the Irish Guards and would have loved to …

By Leah Montebello Updated: 22:01, 3 June 2024 On song: Hipgnosis, which owns the rights to catalogues from the likes of Beyonce (pictured), at £1.25bn A private equity titan has sweetened its offer for Hipgnosis as it tries to get a takeover deal over the line. Blackstone upped its offer …

More than a quarter of learners will take their driving test in an automatic car by 2026, as an increasing number of budding motorists won’t care to learn how to change gear in preparation for the electric vehicle revolution. So far this year, 22 per cent of all tests carried …