Proactive Investors – Chancellor of the Exchequer Jeremy Hunt said the promises made by Daniel Kretinsky not to break up Royal Mail (LON:) could be extended by the government. After his £3.6 billion takeover offer for International Distributions Services PLC was accepted this week, ‘Czech Sphinx’ Kretinsky’s EP Group has …
Read More »
The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), …
Read More »The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), …
Read More »
Chancellor Jeremy Hunt has urged regulators to rigorously scrutinise Daniel Kretinsky’s proposed £3.6 billion takeover of Royal Mail, amidst concerns about a potential break-up of the iconic postal service. Hunt emphasised the importance of extending the safeguards currently promised by Kretinsky beyond their initial periods. Speaking to LBC, Hunt highlighted …
Read More »
Czech billionaire Daniel Kretinsky pressed on with his buying spree this week as EP Group, one of his investment vehicles, finalised a deal to take private the owner of Royal Mail in Britain. Kretinsky, 47, a former investment bank lawyer who built one of Europe’s largest energy groups, Energeticky a …
Read More »
Daniel Kretinsky, the Czech billionaire poised to take over Royal Mail, has unveiled a transformative vision for the company, which includes a £400 million investment to establish a network of dropboxes and delivery lockers across the UK. This move could significantly impact tens of thousands of postal delivery jobs and …
Read More »
The board of Royal Mail's parent company has accepted a £3.57 billion offer to buy the group from Czech billionaire Daniel Kretinsky. If the deal goes … Source link
Read More »
About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He …
Read More »
The General Secretary of the Communication Workers Union has said the government should be stepping in and making demands about the future of Royal Mail. Dave Ward said it was wrong that the board members could potentially make a lot of money out of the sale of Royal Mail to …
Read More »
The West Ham director made a formal submission of £3.57bn to International Distribution Services (IDS), which implies an enterprise value of around £5.3bn. This is an improvement on an earlier £3.1bn offer that IDS said significantly undervalued Royal Mail. If the deal is approved it means Křetínský’s EP Group would …
Read More »