Britain's government has given the go-ahead for the sale of Royal Mail's parent company to a Czech billionaire, paving the way for the postal … Source link
Read More »Glasgow Prestwick Airport welcomes first dedicated e-commerce flight
Glasgow Prestwick Airport (PIK), working alongside Royal Mail, has welcomed its first full e-commerce cargo flight, following several developments to its e-commerce operations over this year. The flight, chartered by Zhonger Express and Jumen Logistics, was operated by Silk Way West Airlines Cargo and carried a 90-tonne consignment for Royal …
Read More »The Royal Mail sell-off is a scandal
The UK government – a Labour government, no less, with a huge parliamentary majority – has given the go-ahead for a Czech billionaire to buy Royal Mail for £3.6 billion. Yes, that’s correct. A foreign businessman, an oligarch by any other name, with the classic combination of interests in energy, …
Read More »How will the government keep the Royal Mail in the UK now it’s been sold?
(Royal Mail/PA) (PA Media) The British government has been granted a golden share in the recently-sold Royal Mail in a bid to keep it in the UK. Royal Mail’s sale to Czech billionaire Daniel Kretinsky’s EP Group was approved by the government this week. To get the deal approved he …
Read More »Bespoke Royal Mail commitments likely to satisfy “red herring” NSIA probe, lawyers say
The UK government’s clearance of Czech billionaire Daniel Křetínský’s £3.6 billion acquisition of Royal Mail marks the first time a company has secured approval for up-front remedies amid an ongoing review under the National Security and Investment Act. Subscribe to Global Competition Review Register for limited access Register to receive …
Read More »Sale of Royal Mail to Czech billionaire gets green light
Mr Kretinsky and International Distribution Services agreed to a deal worth £3.6 billion – or £5.3 billion including debt – in May but had been waiting for approval from the Government, which must sanction the takeover given the national importance of Royal Mail and the postal service in the UK. …
Read More »‘At least 70’ people in Post Office and Royal Mail knew of Horizon IT flaws, Fujitsu lawyer tells inquiry | Money News
At least 70 people within the Post Office and Royal Mail knew of errors with the Horizon IT system, according to its manufacturer on the final day of the public inquiry. Hundreds of sub-postmasters were wrongly prosecuted on the basis of accounting errors produced by the faulty Horizon system. The …
Read More »'At least 70' people in Post Office and Royal Mail knew of Horizon IT flaws, Fujitsu lawyer tells inquiry
At least 70 people within the Post Office and Royal Mail knew of errors with the Horizon IT system, according to its manufacturer on the final day … Source link
Read More »Czech billionaire acquires UK's Royal Mail in record foreign investment – Expats.cz
The approval follows a thorough review, addressing concerns about Royal Mail's strategic importance to the UK government. As part of the deal, the … Source link
Read More »Daily first class mail service secured in £3.6 bn Royal Mail takeover
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