Will the Czech Sphinx launch a bid for Royal Mail?

Royal Mail’s biggest shareholder has increased its stake in the delivery group, despite analysts warning of mounting losses amid a bitter row with staff. Daniel Kretinsky, a Czech billionaire who owns Sparta Prague football club and a stake in West Ham United, increased his stake in International Distributions Services (IDS), …

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PRESS DIGEST-British Business – 28

March 28 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – British bank Barclays PLC has described allegations that its former chief executive was involved in a sex-trafficking …

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California hit by powerful Pacific storm

A possible tornado left a line of damage across roofs of commercial buildings in the Los Angeles suburb of Montebello a day after two other possible tornados occurred in Southern California. The National Weather Service tweeted that it was sending teams to assess the damage in Montebello and the southern …

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