It will maintain the single price ‘universal service obligation’. The government will keep its ‘golden share’. And there are ‘legally binding obligations’ to protect the company. The Labour government may feel it has negotiated enough concessions out of the Czech billionaire Daniel Kretinsky to allow his £3.6 billion takeover of …
Read More »UK approves bid by Czech billionaire Daniel Kretinsky to buy Royal Mail
Minister says deal worth £3.5bn will provide a secure future for service Czech billionaire Daniel Kretinsky has been cleared to buy Royal Mail (Rui Vieira/PA) Paul Sandle and Chandini Monnappa Today at 03:30 The British government has cleared Czech billionaire Daniel Kretinsky’s EP Group to buy Royal Mail in a …
Read More »Labour approve £3.6bn bid for Royal Mail’s parent company by Czech billionaire
The Government has approved the £3.6bn takeover of Royal Mail by Czech billionaire Daniel Kretinsky’s EP Group after securing “legally binding” commitments. The deal includes conditions to protect the postal service’s operations and workers’ interests in the UK. The takeover was scrutinised under national security laws due to Royal Mail’s …
Read More »UK govt okays $4.6-billion takeover of Royal Mail by Czech billionaire
News World Paves way for foreign ownership for the first time in its 500-year history Array ( [galleryId] => 85391f276dc9262cc63ef4d70c26bf2c38edf5b062f8a4ef [thumbImage] => https://media.ahmedabadmirror.com/am/uploads/mediaGallery/image/1734382990924.jpg-thmb [largeImage] => https://media.ahmedabadmirror.com/am/uploads/mediaGallery/image/1734382990924.jpg-sldr [fullImage] => https://media.ahmedabadmirror.com/am/uploads/mediaGallery/image/1734382990924.jpg-org [videoObj] => => Royal Mail by Czech billionaire [altText] => Royal Mail by Czech billionaire [description] => Royal Mail by Czech …
Read More »Unions should battle on after Royal Mail sell-off
Trade Unions The postal workers’ CWU union is positive about the deal, insisting that it has significant protection against asset stripping By Yuri Prasad Downloading PDF. Please wait… Tuesday 17 December 2024 Issue 2936 The union leaders have wasted workers’ anger (Picture: Guy Smallman) The government has given billionaire Daniel …
Read More »Taxpayer will be at risk if the Royal Mail deal goes horribly wrong, says ALEX BRUMMER
By ALEX BRUMMER FOR THE DAILY MAIL Updated: 17:14 EST, 17 December 2024 Among the more bizarre aspects of the deal carved out by Czech billionaire Daniel Kretinsky with the Government and Royal Mail is the use of a ‘golden share’. Such shares protect strategic assets from foreign marauders. Among …
Read More »Everything wrong with Labour’s Royal Mail takeover deal
This week, Jonathan Reynolds, the Labour Trade Minister, who has perfected the art of turning his beard into an apology for his lack of charisma or ideas, approved the takeover of Royal Mail by Czech billionaire Daniel Křetínský’s (below) EP Group of companies. As political transformations go, that’s a pretty big …
Read More »Full list of Royal Mail, Evri and DPD Christmas postage deadlines – you need to act fast
If you’re keen to send Christmas presents to loved ones this year, you’d better hurry. The UK’s Post Office has compiled a full list of delivery deadlines for 2024 – and the earliest one is tomorrow. Big names like Royal Mail, Evri, DPD and Parcel Force are among the firms …
Read More »Royal Mail issues ‘cut off’ warning to UK households
It’s time to mark your calendars as Royal Mail has rolled out its “cut off” dates for Christmas deliveries, impacting UK households amid rising postal costs. In a recent notice, the mail service emphasised: “Allow plenty of time for posting. Please post items and gifts for Christmas early, particularly for …
Read More »UK's Royal Mail postal service braces for change after takeover by Czech billionaire is approved
Britain's government has given the go-ahead for the sale of Royal Mail's parent company to a Czech billionaire, paving the way for the postal … Source link
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