Royal Mail

At least 70 people within the Post Office and Royal Mail knew of errors with the Horizon IT system, according to its manufacturer on the final day … Source link

The approval follows a thorough review, addressing concerns about Royal Mail's strategic importance to the UK government. As part of the deal, the … Source link

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The 500-year-old postal service is set to be snapped up in a £3.6bn deal  By SAM BARKER Updated: 12:14 EST, 16 December 2024 Royal Mail is set to be taken over by Czech billionaire Daniel Kretinsky – leaving households wondering what the deal means for them. Royal Mail is currently …

The £5.3bn deal had been agreed in May but was subject to a government review under national security laws as Royal Mail is considered vital … Source link

Two general elections ago, Labour was promising to renationalise Royal Mail. Now, in office, it is happy to see the ancient institution fall to a leveraged takeover bid from a private equity-style company that will have the power to set the price of a first-class stamp from Prague. The decision …

According to the Sunday Times Rich List, the 49-year-old is now worth £6bn – up £2bn on 2023. He has adopted low-profile approach to his business dealings, but what we do know about Mr Křetínský is that he made a large part of his money in Central and Eastern European …

With the government finally approving his purchase of the Royal Mail, Daniel Kretínsky – the so-called “Czech Sphinx” – has landed his white whale. The billionaire investor agreed a deal to buy International Distribution Services (IDS) – the name of the holding company – back in May. However, the process …

For the first time in five centuries, the Royal Mail is out of British hands after ministers approved its sale to Daniel Křetínský, known as the “Czech Sphinx”. While the £5.3bn deal was struck in May, the final agreement only came on Monday after Křetínský’s EP Group gave fresh commitments …

Daniel Kretinsky’s bid for Royal Mail passed a major milestone on Monday with the government’s approval, albeit reliant on a string of commitments, for the £3.6 billion deal. Having faced a review under national security laws, the green light for the deal marked a key step for Kretinsky’s EP Group …