The chair of Royal Mail’s owner is to conduct a charm offensive with investors in an attempt to convince them of its strategy, in the face of a potential £3.1bn hostile takeover by a Czech billionaire. Last week, it emerged that the postal firm’s parent company, International Distributions Services, had …
Read More »Royal Mail 'vulnerable to corporate predators' due to regulations, investor says | LSE:IDS
Royal Mail owner International Distributions Services PLC has been dubbed “vulnerable to corporate predators” due to obligations requiring letters … Source link
Read More »Letters to the editor of the Newbury Weekly News
Traffic disruption at showground events I am writing to express my profound dissatisfaction with the severe lack of organisation and foresight demonstrated during the events held at Newbury Showground on April 13, 2024. The simultaneous scheduling of the All About Dogs and Newbury Garden Show events resulted in extreme traffic …
Read More »From William and Kate’s wedding menu to ten-course royal feasts: TOM PARKER BOWLES uses ten historical palace menus to explain how royal tastes have changed
As train lunches go, it takes some beating. Starting with a mound of caviar, the menu moves through trout, lamb, chicken and partridge, asparagus and cheese soufflé, before finishing with a few serious puddings. It certainly beats a Greggs sausage roll. But this was no ordinary lunch, rather a feast …
Read More »Kretinsky’s bid puts pressure on Labour to renationalise Royal Mail
Bosses at the Communication Workers Union are to meet with the Labour Party to press for the renationalisation of Royal Mail amid an overseas takeover approach from the struggling postal group’s largest shareholder. EP Group, a conglomerate controlled by Daniel Kretinsky, made a 320p-per-share proposal to the board of International …
Read More »Royal Mail to hold fresh talks with investors as ‘Czech Sphinx’ plots another bid for postal service
Bosses understood to be in regular talks about Daniel Kretinsky’s approach One of the top shareholders, Redwheel, broke cover to oppose the offer Royal Mail rejected the £3.2bn bid – or 320p per share – from Kretinsky By Jessica Clark Updated: 16:53 EDT, 21 April 2024 Royal Mail will hold …
Read More »‘We will reinstate the rule of law’: Labour attack Tory crime record after Truss jabs on…
21 April 2024, 22:22 Labour has slammed the Tory record on crime as the party vows to ‘reinstate the rule of law’ if it wins power this year. Picture: Alamy Labour has slammed the Tory record on crime as the party vows to ‘reinstate the rule of law’ if it …
Read More »Redwheel backs Royal Mail owner’s rejection of Kretinsky share offer
(Reuters) – Fund manager Redwheel said in a statement on Sunday that it supported Royal-Mail owner IDS’ board decision to unanimously reject a non-binding share bid from EP Group on 11 April. Redwheel, the third-largest shareholder in IDS, said it was in full agreement with the board that EP Group’s …
Read More »Redwheel backs Royal Mail owner’s rejection of Kretinsky share offer
| Sun, 21 Apr 2024 08:07:17 GMT April 21 (Reuters) – Hedge fund Redwheel said in a statement on Sunday that it supported Royal-Mail owner IDS’ board decision to unanimously reject a non-binding share bid from EP Group on 11 April. Redwheel, the third-largest shareholder in IDS, said it was …
Read More »Royal Mail shareholder slams takeover bid as government comes under fire
Sunday 21 April 2024 4:07 pm Redwheel, who owns 6.7 per cent of Royal Mail, said the offer from Czech Sphinx David Křetínský, “significantly undervalues” the company. The second largest independent shareholder in Royal Mail’s parent company, International Distributions Services (IDS), has publicly backed the company’s rejection of a takeover …
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