Ineos founder Sir Jim Ratcliffe is fourth on the latest Sunday Times Rich List with a net worth of £23.52bn. However, the Brexiteer, who is the founder and chairman of global chemicals company Ineos, which was formed in 1998, was the biggest faller on the list, with his personal fortune …
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By John-Paul Ford Rojas Published: 18:00 EDT, 17 May 2024 | Updated: 18:09 EDT, 17 May 2024 The Czech billionaire bidding for Royal Mail was today warned he must pass national security tests and meet trade union demands to avoid his £3.5 billion takeover plans being scuppered. Chancellor Jeremy Hunt …
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By Leah Montebello Updated: 16:51 EDT, 17 May 2024 Royal Mail is expected to post losses of almost £1m a day as its takeover by a Czech billionaire hangs in the balance. The postal service – which is owned by International Distributions Services (IDS) – will unveil an annual loss …
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A proposed takeover bid for Royal Mail would be subject to a national security review, the chancellor has said, as ministers come under pressure to scrutinise a £3.5 billion offer from a Czech billionaire. Jeremy Hunt said on Friday that “as a rule, we welcome international investment in British companies”. …
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The confirmed cases of a waterborne disease caused by a parasite have more than doubled. There are now 46 confirmed cases of cryptosporidiosis, a diarrhoeal illness, the UK Health Security Agency (UKHSA) has said – with more than 100 further people reporting similar symptoms in the Brixham area. Other reported …
Read More »Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BT chair Adam Crozier received letters from several MPs about problems with the Post Office’s Horizon IT system when he ran Royal Mail, undermining his insistence he was “not aware” …
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Dog owners have been sharing their concern about thieves marking houses with expensive dogs via post received through their letterboxes – but they have been worrying over nothing Postie shares why the ‘P’ is written on the front of letters and people are amazed(u/designer_by_day) By Paige Freshwater 13:42, 21 Sep …
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Next week the right-hand man of Daniel Kretinsky, the Czech billionaire seeking to acquire Royal Mail, will fly into London seeking to reach a £3.5 billion deal for the 508-year-old former state-owned postal service. Roman Silha, who heads mergers and acquisitions for the investment division of EP Group’s shareholders, is …
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Union the CWU plans to “use its political influence” in the debate over the possible foreign takeover of Royal Mail, while the current business secretary has asserted that the government would need to consider and agree the details of a sale. Addressing members in a YouTube broadcast following news of …
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IDS said this week that it was “minded to recommend” the latest £3.5bn takeover bid from Kretinsky’s EP Group. Czech billionaire Daniel Kretinsky, who is currently trying to buy Royal Mail owner International Distribution Services (IDS), saw his net worth rise by £2bn over the last year. The jump in …
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