The Labour Party is open to the prospect of a takeover of the owner of Royal Mail by the struggling postal group’s Czech billionaire investor, which is considering a renewed approach. EP Group, a conglomerate controlled by Daniel Kretinsky, revealed on Tuesday that it had made a “non-binding indicative proposal” …
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The potential for political obstacles in an election year cast a shadow yesterday over a mooted takeover of the owner of Royal Mail. International Distributions Services, which owns the British letters and parcels delivery group, confirmed on Wednesday that it had rejected a provisional cash offer from Daniel Kretinsky, the …
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By Alex Brummer In Washington and Jessica Clark Updated: 17:00 EDT, 18 April 2024 The Chancellor has voiced concerns over the proposed takeover of Royal Mail by a billionaire dubbed the ‘Czech Sphinx’ in a sign that a deal could be blocked. As analysts suggested that tycoon Daniel Kretinsky would …
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In a collection featuring a number of early Chevrolets and Fords, this one stood out. Though it had been decades, I immediately recognized No. 64, a 1914 Chevrolet Series H-2 Royal Mail roadster, as the same car I saw proudly displayed in the showroom of Braeger Chevrolet in Milwaukee back …
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By Alex Brummer for the Daily Mail Updated: 17:00 EDT, 18 April 2024 The main focus for the Western democracies at this finance gathering has been Ukraine in spite of the conflagration in the Middle East. The worry for the UK and Europe is that, unless new resources are released, …
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No. 136/24 18th April 2024 Dear Branches, UPDATE ON IDS TAKEOVER BID The news of a takeover bid for Royal Mail Group (IDS) by Daniel Kretinsky is another very significant moment. It is now clear the bid, made by Kretinsky-owned EP Group, was put to the Royal Mail Board …
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By Dawood Fakhir (April 18, 2024, 7:41 PM BST) — The parent company of Britain’s national postal carrier Royal Mail has confirmed that it rejected an approximately £3.2 billion ($4 billion) “opportunistic” bid from a European conglomerate controlled by Czech billionaire Daniel Kretinsky…. Law360 is on it, so you are, …
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While Chancellor Jeremy Hunt last night declined to comment directly on the takeover bid, he signalled that the Government would revisit how “former public sector monopolies” are regulated to safeguard the provision of vital services. However, the Labour Party has signalled it is open to Mr Křetínský’s approach. A spokesman …
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Queen Elizabeth was a wise woman. And when she needed to take decisive action, she did. That is why she decided the Duke and Duchess of Sussex could not be allowed to combine royal duties with seeking their fortune overseas. And why she ignored Prince Harry’s efforts to persuade her …
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More recently Royal Mail has become embroiled in a row after a Telegraph investigation revealed that China had flooded Britain with counterfeit stamps, landing victims with £5 penalties. Senior MPs have since called on the postal service to stop the “unfair fines” while it investigates issues with new barcoded stamps, …
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