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Companies roundup: DS Smith takeover & Entain

DS Smith (SMDS), Entain (ENT), car registrations, Future (FUTR), Ascential (ASCL), Motorpoint (MOTR) and Gooch & Housego (GHH) Packaging giants DS Smith (SMDS) and Mondi (MNDI) are still in merger talks, having reached an agreement in principle last month. The Panel on Takeovers and Mergers has extended the offer deadline from 5pm on 4 April …

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Erosion of postal delivery service or much needed reform?

The mail arrives at Belmont, Unst. photo: Royal Mail ISLES MP Alistair Carmichael has called on postal regulator Ofcom to reject proposals from Royal Mail to cut back on delivery services. On Wednesday the company published proposals to cut services including changing the delivery of all non first class letters …

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Fraudster’s house goes under the hammer

The luxury home of a disgraced former mailing boss is going up for auction with a guide price of nearly £3m. Narinder Sandhu was jailed for four years in February. He was the architect of a huge £70m-plus fraud against Royal Mail when he ran Aylesbury-based Packpost International. The fraud …

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Small businesses and greetings card firms blast ‘drastic’ Royal Mail plan to end daily second class deliveries and cut the 85p-a-letter service to five times a fortnight

Royal Mail has come under fire from small businesses and greetings card firms over plans to slash daily second-class letter deliveries. The company revealed plans yesterday to scrap the deliveries on Saturdays and cut the service to just five times every two weeks.  But critics including the Federation of Small Businesses …

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Colchester whistleblower speaks about Royal Mail chaos

The ex-employee from Colchester, who worked as a postman and at a distribution centre in Chelmsford, has lifted the lid on the inner workings of Royal Mail. It comes after countless residents in the city reported being left without mail for weeks on end, with some missing important hospital appointments as …

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