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A billionaire Czech investor is expected to push for the end of Saturday letter deliveries and a renewed focus on parcels after ministers gave him licence to tighten his grip on Royal Mail. Daniel Kretinsky, dubbed the “Czech sphinx” for his inscrutable approach to investing, will be free to increase his …

T he government has cleared Royal Mail’s biggest shareholder, an investment vehicle part-owned by a Czech billionaire with links to Russia, to increase its stake in the company. Daniel Křetínský’s Vesa Equity already owns 22% of Royal Mail’s parent, International Distributions Services. The Department for Business, Energy and Industrial Strategy …

“Not only is the offer not applicable to Parcelforce and fleet employees, but the company have confirmed that, as of tomorrow, new entrants will be brought in on lower terms, and will be introducing owner-drivers into Royal Mail – a service that will be comparable to Uber.” Source link

By Scott Kanowsky Investing.com — Shares in Royal Mail parent International Distributions Services PLC (LON:IDSI) surged after the U.K. government said it would not take any action to prevent secretive Czech billionaire Daniel Křetínský from increasing his stake in the 506-year old postal service. The decision concludes a review of …

The union that represents Royal Mail workers has reacted angrily to the company’s latest pay offer and programme for change, accusing it of a “declaration of war on posties” and raising the prospect of further postal strikes in the runup to Christmas. Royal Mail has proposed what it called a …

The UK has called off its probe into Czech billionaire Daniel Křetínský’s plans to increase his stake in Royal Mail, bringing to a close one of the first reviews to be announced under the government’s new national security powers. Shares in Royal Mail jumped 8 per cent to 209.37p on …

Planned strikes by Royal Mail workers in November have been called off following a challenge by the company Members of the Communication Workers Union (CWU) are involved in a long running dispute over pay and conditions. A series of strikes have taken place in recent weeks and more action had …

Royal Mail’s parent firm has said it faces no further action months after ministers said they would launch a national security probe into the company. International Distributions Services (IDS), which was renamed from Royal Mail Group earlier this year, had faced the potential intervention after the firm’s largest shareholder, Vesa, …

Planned strikes by staff at Royal Mail over the next two weeks have been abandoned following a challenge by the firm. The Communication Workers Union, which represents much of Royal Mail’s staff, said on Monday that it had chosen to withdraw industrial action notices over the next two weeks on …

R oyal Mail’s parent firm has said it faces no further action months after ministers said they would launch a national security probe into the company. International Distributions Services (IDS), which was renamed from Royal Mail Group earlier this year, had faced the potential intervention after the firm’s largest shareholder, …