Our regular look at the FTSE 350 and a selection of other companies reporting from 20 – 24 May. NVIDIA pointing to further strong growth in first quarter. Marks & Spencer’s continued turnaround success expected. Interest rate cuts should ease headwinds at British Land National Grid hoping to deliver electrifying …
Read More »Royal Mail’s owner International Distribution Services (IDS) is “minded” to agree a takeover by shareholder Daniel Kretinsky, after the Czech billionaire put forward a bid worth about £3.5 billion. Ms Badenoch met IDS bosses for talks on the proposed sale and underlined the need to protect services for the vulnerable, …
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Last May, Daniel Kretinsky gave a rare interview. Known as “the Czech Sphinx”, the enigmatic, low-profile billionaire “makes it clear”, says the newspaper, “that he will not be bidding for Royal Mail, where his Vesa investment vehicle owns more than 25 per cent, or Sainsbury’s, where it has 10 per …
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By Alex Brummer for the Daily Mail Updated: 17:03 EDT, 16 May 2024 As keepers of the flame of free market capitalism, one can understand Government’s reluctance to become involved in takeovers. The notion that the £3.5billion offer by Czech sphinx Daniel Kretinsky ‘is ultimately a matter for the current …
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Ms Badenoch emphasised the importance of Royal Mail in British society – Anadolu Kemi Badenoch is to meet the Czech billionaire plotting a £3.5bn takeover of Royal Mail as she seeks assurances over the sale of a key British asset to a foreign investor. The Business Secretary will call a …
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The public can now have their say on a proposed development that would reinvigorate a “landmark” pub that dates back to the 1880s. A public notification period is now underway for the heritage-listed hotel after a development application was submitted to Noosa Council last year. The refurbishment would see the …
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Credit: shutterstock/iMac_71 Czech billionaire Daniel Křetínský appears ready to provide national security commitments to ensure his company’s proposed takeover of Royal Mail and its international parcels division goes through ahead of significant expected regulatory scrutiny. Subscribe to Global Competition Review Register for limited access Register to receive our newsletter and …
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Post & Parcel is your key to the global mail and express industry. Every day, Post & Parcel publishes breaking news stories that keep you updated with the latest trends and developments. The website also gives you the views behind the news, with expert opinion pieces, in-depth analysis and exclusive …
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Mr Seidenberg is also understood to have used the meeting, which was arranged before Mr Kretinsky’s takeover bid emerged, to lobby for reform of Royal Mail’s universal service obligation (USO). The company has submitted proposals that would see second class letters delivered just three times a week, while the six-day …
Read More »A shake-up of the postal service that could hand the owner of Royal Mail a £300m boost will not take place before the general election, it has emerged, as the company’s bosses meet ministers to discuss its proposed £3.5bn takeover by a Czech billionaire. The industry regulator, Ofcom, has been …
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