Royal Mail

The Czech billionaire who would be the owner of Royal Mail has revealed plans for a structural shake-up of the company, which could threaten the jobs of tens of thousands of postal delivery workers and thousands of the company’s signature red pillar boxes. In a rare public comment, Daniel Kretinsky, …

LONDON, England: The operation of the 500-year-old British Royal Mail, the UK’s postal service, has announced that it has accepted a $4.6 billion offer from Czech investor Daniel Kretinsky to operate the company’s day-to-day service. Plans called for Kretinsky EP Group to purchase International Distribution Services, which owns Royal Mail. …

Proactive Investors – Chancellor of the Exchequer Jeremy Hunt said the promises made by Daniel Kretinsky not to break up Royal Mail (LON:) could be extended by the government. After his £3.6 billion takeover offer for International Distributions Services PLC was accepted this week, ‘Czech Sphinx’ Kretinsky’s EP Group has …

The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), …

The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), …

Chancellor Jeremy Hunt has urged regulators to rigorously scrutinise Daniel Kretinsky’s proposed £3.6 billion takeover of Royal Mail, amidst concerns about a potential break-up of the iconic postal service. Hunt emphasised the importance of extending the safeguards currently promised by Kretinsky beyond their initial periods. Speaking to LBC, Hunt highlighted …

Czech billionaire Daniel Kretinsky pressed on with his buying spree this week as EP Group, one of his investment vehicles, finalised a deal to take private the owner of Royal Mail in Britain. Kretinsky, 47, a former investment bank lawyer who built one of Europe’s largest energy groups, Energeticky a …

Daniel Kretinsky, the Czech billionaire poised to take over Royal Mail, has unveiled a transformative vision for the company, which includes a £400 million investment to establish a network of dropboxes and delivery lockers across the UK. This move could significantly impact tens of thousands of postal delivery jobs and …

The board of Royal Mail's parent company has accepted a £3.57 billion offer to buy the group from Czech billionaire Daniel Kretinsky. If the deal goes … Source link

About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He …