Czech Sphinx Daniel Kretinsky warns of Royal Mail ‘death spiral’ over six-days-a-week post… as results show the company is losing £1million a day

By Leah Montebello, Business Reporter Published: 19:37 EDT, 31 May 2024 | Updated: 19:53 EDT, 31 May 2024 Royal Mail is facing a ‘death spiral’ over its obligation to deliver post six days a week, according to would-be owner Daniel Kretinsky. The billionaire – nicknamed the Czech Sphinx – described …

Read More »

Canada Post reports C$76m loss in Q1 2024

Pre-tax revenue fell by C$76m (US$55.4m) in the first quarter of 2024 as revenues for parcels and transaction mail declined, Canada Post has reported. According to the post, the Q1 loss improved compared to the same period in 2023 due to the receipt of non-recurring dividends, partly related to the …

Read More »

Will Kate appear on Buckingham Palace balcony on June 15? Princess is ‘considering’ traditional royal lineup for Trooping the Colour parade ‘if she is feeling well enough’

The Princess of Wales is considering making an appearance on the Buckingham Palace balcony after the Trooping the Colour ceremony, it was claimed today. Royal officials confirmed yesterday that Kate will not attend the Colonel’s Review on June 8 – which is the traditional rehearsal for Trooping the Colour, held …

Read More »

Union demands assurances from Royal Mail bidder

The postal workers union will meet representatives from Daniel Kretinsky’s EP Group next week to begin “early conversations” after the tycoon’s company won approval for its takeover bid for the owner of Royal Mail. Dave Ward, general secretary of the Communications Workers Union, said the meeting was likely to be …

Read More »

BT Peoplewatch: Data & AI leadership redrawn at BT Digital | People

Joseph Purnell2024-05-31T12:23:00 Senior swaps include new Data & AI leader after Zoë Webster exits the Group, leaving a legacy of AI adoption and foundations for scaling. BT Business changes include senior shuffles for Central Government accounts, while Openreach opts to leave Corporate Affairs & Brand unfilled after Catherine Colloms departs. …

Read More »

Patcham Royal Mail plans: Talks still taking place

But Brighton and Hove City Council said that the talks were commercially sensitive and would not say how much the Royal Mail might pay for a long lease. The council entered into talks about a deal that would involve the Royal Mail building a distribution centre at Patcham Court Farm, …

Read More »